Great video, thanks for posting this!
I do have a couple questions regarding Bitconnect, as the numbers do not appear to be adding up.
- How is the total investment ($2790) greater than the investment income ($1613.63) + the original investment ($110)?
- For a 131 day period, initial capital of $110, and earnings of $1613.63, the average daily interest is over 2% (awesome!); is this payout sustainable, or will Bitconnect need to adjust the rates at some point in the future? E.g. I just heard the referral program was adjusted limiting the downline to 3 levels.
Thanks for watching the video @rurdy4sumfutbalz, I greatly appreciate it!
My original investment was $110 on Day 1. I added $1030 on Day 44 and $70 on Day 114 so the total amount I've invested into BitConnect is $1210. Adding that to the total amount I've earned from daily interest so far today ($1615) comes out to $2825. I'll be reinvesting everything that I earn before 8 pm EST so that my total investment amount tonight will reach $2830.
I have a spreadsheet that keeps track of my amount invested, daily interest and earnings every single day since I started 131 days ago. According to this spreadsheet, the average daily interest over this entire period has been 0.942% which is still pretty awesome. I strongly believe that an average daily interest of 0.9% is sustainable on BitConnect, especially given the recent change to the referral program and the continued rise in the Bitcoin and BitConnect prices. BitConnect is probably the only alt coin that continues to rise in BTC value; all other alt coins have usually dropped in BTC value even when rising in USD value.
Of course as you heard me in the video, referrals are absolutely not necessary to earn decently on BitConnect. My journey is proof of that fact and I'll continue to vlog my experiences every week so stay tuned!