If we only listen to Warren Buffet then we should not even invest in BTC!
The intrinsic value of anything comes from the "perceptions" that it has tangible or intangible values. Because we used to putting our money into a saving accounts and get 0.1% monthly doesn't mean such a 1% daily can't exists. What banks do to your savings is to also invest in different securities but what they give you is nothing. Bitconnect and banks both invest (or speculate) in securities (stocks vs BTC respectively) but the difference between the two is that Banks don't give you anything on your saving money.
Coumpond interest of 1% means that if you invest $100 after one year you will have $3,594.96
Hypothetically you're correct. But technically Bitconnect don't allow you to re-invest daily unless you have at least $10 in your lending wallet. check my post on this:
https://steemit.com/cryptocurrency/@ka82/how-much-do-you-earn-in-one-year-if-you-put-down-usd100-in-bitconnect-and-reinvest-your-interest-daily
So if I put $10 in my lending wallet what do they promise you ?
Come on dude you know this is a scam and you are trying to justify it.
check my new article:
https://steemit.com/cryptocurrency/@ka82/can-bitconnect-s-trading-be-legitimate-sustainable