RE: Bitconnect investing misinformation - before I wised up: What you must know about your bitconnect investment.

[sabinp]

Great article.
I referenced it here in my opinion on the Bitconnect Scam Debate.
How's it working out for you, so far?

Comments

[henry-gant]

I've done extremely well. I can only wish that it would continue. Sadly, I do not believe that it will. Items such as "who is the owner? Support is nonexistent if at all. and lastly to good to be true.
I foresee it being able to run for a while after the funds have been absorbed into another address, and in fact, this may have already happened. ( a message to use another address for 'security reasons' has already appeared.)
I take all my profits off the Bitconnect website, I smile at the rise in Bitconnect price.
Market depth will be a concern when I cash out.
Mostly I can say, The learning was fun.

[tedd]

I have asked 15 support questions and got 15 answers.

[henry-gant]

Perhaps in the 4 months since I wrote this they were able to hire some one.

good luck and best trading to you @tedd.

H.G.

[henry-gant]

TheBlockchainBillionaire.com check it out.
https://www.theblockchainbillionaire.com/

[tngflx]

Yeah dude we are throwing money just to learn man. Crypto is in it's infancy period. No other choice :(

[henry-gant]

That's how I've been learning.
Many expensive mistakes: That in its self is a good thing. I have been able to make a large sum of money and loose it several times. I plan on keeping this last go round.

[arju]

i am still confuse with the bitconnect is it legit?

[henry-gant]

Let me give you an example of a legitimate trading company.

1. I give them BTC and they use a bot to trade.
2. I get a percent of the trade profit/loss.
3. At the end of an agreed period, I get the exact amount of BTC I lent. Plus, my profit/loss.

None of the tricks or hoops that Bitconnect uses to separate the client from their initial investment.
IMO "No" this company is designed to walk away with the BTC.
It may run for a few years as long as no one wises up; because it uses its own coin and the lending is only numbers on a piece of paper.

I thought it was a Bitcoin trading bot when I first bought in.

Happy trading to you. Thanks for a direct question.

This is my most honest "gut feeling" answer.

[julienjp]

What you missed about the program, which is pretty clear.. Is that your leading and getting paid in Dollars, not Bitconnect coins. They just make you convert it to their coins before making a loan. If you were supposed to get paid in coins then they would have said its a coin loan and not a dollar loan. They show all the calculations in dollars..

[henry-gant]

Yes, @julienjp, On my first few loans that is exactly what I missed.
That is why I wrote this post. To inform others of this mistake.
Thank you for your reply and best to your investments and trading.

Sincerely,

H. G.

[arju]

So you got back all money invested, how much you made?? With how much investment??? In how many days?? If you can answer this , it will help me alot , thanks in advance :)

[henry-gant]

Happy trading

[kryptocek]

Henry have you heard of TCC? That's exactly what it does I've been a part of it for over 8 months now. It's brilliant, the returns aren't as high but it works and it's strictly just BTC and you get your initial back..

[ka82]

I've done some data analysis on BCC rate and BTC volatility. Pls check my post and let me know your thoughts:

https://steemit.com/cryptocurrency/@ka82/bitconnect-investment