Day 3 of Bitconnect. Yesterday I got $4.70 off my $490 loan and $20.99 off my $1980 loan. This is bases on 9/12 interest rate of 0.96%
As you can see below I earned 0.96% off the $490 loan and $1.06% off the $1980 loan as they give an extra 0.1% when you do a single loan of $1010 or more.
Above you call already see I got $0.05 for my $490 loan which is based off of today's Interest of 0.01%. Later today I should get roughly $2.17 on my $1980 loan which will be at 0.11%.
You can also see I added another $1000. It should have been $1010 to take advantage of the extra 0.1% but I forgot that it had to be $1010. As soon as $10 is earned on that I will re-invest it so I can bring it up to $1010.
Should You "Invest" In Bitconnect? (Or any other trading systems out there)
My cousin asked me to help him get started with Bitconnect. This is what I told him before I helped him.
- Don't invest any money that you can't lose tomorrow.
- This is high risk with a possible high reward endeavor.
- They could close up and go away the next hour after your put your money in.
- Government regulation could shut them down at any time.
- You may or may not get any interest. You may not see any of your money at all.
- They could pack up shop and take all your money. You will have no recourse.
- Treat that money as if it is gone. If you get something back great. If you don't you knew the risk.
These statements really goes with a lot of systems like Bitconnect out there. He said he understood and signed up. It is not an investment in my opinion. It is a gamble. Never gamble more than you can afford to lose.
Control-Finance is a perfect example of this. I put in a over $2K into it and it is gone. I don't expect to see that money back.
If something like this interests you please feel free to use my link.