I wrote an article on Bitconnect and it's legit or not. that you can see here
Now, let's take a look at the new kid on the block, Bitpetite.com
[What is Bitpetite]((https://bitpetite.com/?aff=cryptoliving)?
Short version: It's a service that uses your money to fund a bitcoin tumbler and in return, they pay you 4.5% per day. I wrote another article about the actual return of Bitpetite here to find the actual return.
There have two plans:
6 weeks that pays 4.5% daily on weekdays and 1% on weekends.
9 weeks that pays 3.6% daily on weekdays and 1% on weekends.
Unlike Bitconnect, they don't borrow your money to them so there is no capital release date. They take your money and pays you 4.5% or 3.6% daily.
Alright, let's get into goods and bads of Bitpetite.
Good about Bitpetite:
- High daily return
- Responsive customer support
- Comunity is being built up.
- Creative investment plans. they are getting copied by competitors.
Great about Bitpetite
- The ability to invest in BTC, ETH and LTC. Unlike Bitconnect, they let you invest in the actual coin not the equal $$ amount so if the price of your coin of interest increases at the time of investment.
- Hourly instant payouts. It's INDEED hourly and instant.
- High referral fees they even pay commission on the profit of your first level! Great for people with a lot of followers.
Bad about Bitpetite
- Security!-> They don't let you confirm your email address.
- Security!-> They don't offer a proper 2FA, they send a code to your email only
- Similar to Bitconnect, Lack of transparency on their tumbler and how much they are making and how much they are sharing with the community to give the users the piece of mind to invest.
My position:
They have been in business for 139 days, I have been investing with them for the past three weeks. It's been paying me consistently without any delay. I started by putting a little bit of money to test it and then brough bigger money in. Currently I reinvest my Bitconnect profit weekly to Bitpetite and reinvest them.
This was only my opinion on Bitpetite not a financial advice, please do your homework and do it at your own risk.
If you have already invested, please share your experience, opinion, and investment amount.
Any updates on Bitpetite? It seems like the kind of thing where you want to get back your initial investment as fast as possible and then only reinvest interest, just in case it all comes crashing down.
Bitconnect bit petite usi tech regal coin.... It's all about risk and management.... It's hard to time when the music will stop.... If you play then pull your initial investment and let profits ride, it's risky but if you can get in early and pull out and not get greedy you can make good profits.
Exactly! I have been openly against these High Yield Investment Platforms from the start. But I can't stand by and watch these teenagers making $10k a week referrals and just complain. So I am investing in 5 HYIP and I will keep ridding. I feel Burnie Maddoff did great with his THING for 20+ years... till the market was on a down turn for TOO long. Since these HYIP are based on Crypto I feel the upturn in the market will continue for 5 to 25 years.
Ya I agree.... If ones conservative you can always just pull out the original investment and let the profits ride..... I have a small bit in bitconnect...a good amount in bitpetite.... Chain group.... And I'm trying laser online too.... Also have you heard of ethconnect.... I guess the ico us Nov 1 and the lending platform will go live Dec 1, it's basically a bitconnect clone using erc20 token to ethereum
@regularguy The party is over! I broke even luckily
I am surprised you haven't been flagged @cryptoliving Not that I am wishing it but around here this type of post usually does. I think there are some that see money flowing elsewhere and don't appreciate it or feel "harmed" by it (meaning their investment is not making money ).
Anyway, thanks for this info. seems bitpetite is growing.
Thank you streetstyle,
I have been using Bitpetite for weeks and I wanted to share my experience. I did another post that explains how their 4.5% is BS, the actual interest rate is 1.1%.
Anyhows, what do you think about this type of platforms?
I always ask people, "how much can you afford to lose without bitching, crying, or otherwise complaining?" Their eyes go big, and then most wimper along. This is not for the weak.
I don't trust any of them but bitconnect has ROI'd for me so I know it works. For how long? Who knows, but if Bitconnect pulls through with some of their promises for the future, bitconnect could go along way.
As for Bitpetite, I have a friend who sent me his link so as soon as I have a little more ROI from BCC, I will use those profits (house money in gambler speak) to invest in bitpetite.
Your post has clarified a few things, thanks.
"how much can you afford to lose without bitching, crying, or otherwise complaining?" word.
In comparison with Bitconnect, you don't get to lock up your capital for a long time. The shortest investment period is 42 days .
However, I tend to think Bitconnect is strong because it's backed by their BCC coin which is a truely strong token.
Bitpetite doesn't have that factor.
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STOPHow's the awesome investment in bitpetite going so far?