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The debate has been going on for some time now about BitConnect and it's rival Control Finance.
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Personally, I feel it is really useless, comparing these two platforms because BitConnect has a product which is its crytocurrency BitConnect Coin (BCC), while Control Finance is just control finance with no real product except the affiliate marketing system.
Taking a look at how BitConnect really works, you can clearly see how it is possible to make such high profit Here.
However, there is no clear way of knowing how Control Finance makes its profit apart from regular influx of new investment. This is not to say that they may not be actually doing trading as they claim but they just don't feel like sharing it. What makes me weary is the fact that, I have seen platforms like this, in the likes of forexparadise, that ended up scamming people of millions of dollars in Bitcoin and other digital currencies. So caution must be applied, don't invest more than you can afford to loose. Don't keep compounding, take out your capital first, only compound profit.
At the end, I think BitConnect and Control-finance are totally different and both have their unique risk, though BitConnect is my preferred choice despite the low percentage profit some days, Control-finance is not so good place to risk your money for daily profit. In reality, BitConnect profit might just be more than Control-finance because of the fluctuation of Bitconnect percentage profit which goes very high some times and can actually cover up for the low days.
Remember to invest wisely
While it may not be a scam in your opinion, it could be considered spam. Spam is not appreciated by the community and could be flagged or may result in action from the cheetah bot..
Some things that can be considered spam:
So what say you?
And now Control-Finance is gone. So when do you think Bitconnect is next?
I think BitConnect is far more stable and sustainable. Control-finance definitely wasn't doing any real trading.
Being the devil's advocate, is there real proof that BitConnect is doing any real trading either? I know the BCC coin is doing trading, but that doesn't mean the actual site is doing trading for profit. If you know of proof of trades, I would be glad to see it.
Watch this https://m.youtube.com/watch?v=HviRDE_wPI0
Thanks for the video. This does explain how they are making the ROI, but it still can be a Ponzi. If both BTC and BCC go down a certain percentage, and the "Operators" cashed out too much to buy the expensive car(because of greed), then it fails. It's going well so far, until it doesn't. Again, I'm playing devil's advocate. Full disclosure, I have already made back my ROI, and cashed it out. Now it is all profit for me, if I want to reinvest.