Hi - I'm not supporting the site, but people who promote it incorrectly by saying 1% daily guaranteed, or "promised" like you did, are technically wrong.
"Doing the math" on anything is biased because you can pick any numbers you want to support your claim. Payments are based on whatever interest the site gives for the day, which has ranged anywhere from 0 many times to about 1.9%.
Just because YouTube videos of promoters or the top level Google search results (I guess this is research) show promoters' incorrect claims of 1% promised per day, it does not even remotely equal the platform promising 1% a day as you QUOTED. This is why I'm correcting you. You replied back proving my point exactly.
Again, I'm neutral on the platform, but know that the most common misconception and assumption is that 1% per day is promised and guaranteed, because people who haven't used the platform don't see the mechanics of it.
Statistically, over a period of 30 or 60 days, etc, at times the daily interest over that time frame can AVERAGE around 1%. That means that it can be much lower as I've seen, and much higher as I've seen.
Please do accurate research before you present incorrect info as factual information, which is what my first reply and this now are about.
Best regards.
Were discussing severe level of depth on technicalities. But hats off. I stand corrected! Its completely false what i said that bitconnect promises 1% daily interest. Bitconnect claims to give you an average of 1% interest rate daily is what i should have said.
Best regards
It doesn't claim that either. That's what marketers with affiliate links all across the web say to try to hook people. If you look at the marketing materials on the site, it says "up to 40% per month". "Up to" is a disclaimer and it's up to people to understand that's a range. I don't see anything else regarding claims of an average of or promise like that, nor have I ever since June. The only thing they guarantee is a bonus 0.10-0.25% daily for loans ranging from $1,010 in value upward on a scale. Of course, it's semantics, but that was the extent of my first reply before the conversation was redirected.
I don't like the site if it's a scam as anyone wouldn't, and am not arguing, but just hope people generally spread the right info after proper due dilligence.
Let's stop wasting peoples time here. The math behind 1 percent daily interest comes from 1.01^30 = 1,34 => 34% which is in the ballpark of their own figure of "up to 40%". 40% a month gives an average daily interest of 1.121574122%. That is 1 % daily interest on average. It's unsustainable. It's ponzi. It's pyramids. It's instert-a-name-calling-here. It's bad for people. It's end of discussion.
You made sense with your first sentence. Tacking on formulas, sarcasm and last words is antagonistic and immature on your part.