Hello Steemians,
today I want to explain the best stategies to be successfull at Bitconnect. There are several techniques you can use, to get the most out of it. Some can be used at the same time.
First thing you need to know is, that Bitconnect is allways outperforming Bitcoin. So holding Bitcoin is not as profitable as holding Bitconnect Coin. You don't believe me? Check out this chart from coinmarketcap.com:
As you can see, this is the Chart BCC/BTC. And is is constantly rising. So we can conclude, that holding BCC is more effective than holding BTC!
And... you can stake BCC and get 8% interest by simply holding BCCin your Desktop-Wallet!
Strategy #1 - smart lending: Buy on the dip, lend on the top
My first strategy is pretty simple. At the moment Bitcoin is consolidating. So you can buy in to a rather "low" price and wait until Bitcoin is rising to a new all-time-high (ATH). Although you should send them to your Bitcoin-Wallet on Bitconnect, to have quick access, when you need it. When Bitcoin is on the top, you convert it into BCC. And then you have to look, what BCC is doing? Most of the time BCC does the same movement as Bitcoin. But not allways, so it might be possible, that BCC is still rising. In that case you wait, until BCC is at it's top aswell.
You have been riding the waves of both, Bitcoin and Bitconnect Coin, and now you can lend them to the Bitconnect Trading Bot, but with a much higher value, than when you bought in.
Strategy #2 - smart cash-out
In 2017 you couldn't have done anything wrong. Bitcoin was rising like crazy and everyone who bought Bitcoin, was earning massive gains. But what will happen, if Bitcoin enters a Bearmarket again? In this case the best option would be, to sell Bitcoin, against other currencies or assets. Or you could use Bitconnects lending program, because the moment you lend Bitcoin to Bitconnect's Trading Bot, your active investment will be fixed in a US-$ amount.
After lending Bitcoin to the Trading Bot, you will receive a daily interest on your loan, depending on how much you invested. So you don't lose value with Bitcoin, instead you get interest and take advantage from daily interest payouts with Bitconnect. You can either reinvest and use compound interest, or transfer the money from the lending wallet, into BCC and then BTC. In this case you are able to buy Bitcoin to a cheaper price. And in the end you will have more BTC. Plus, you will receive your capital back, after a certain period of time.
Strategy #3 - the Split:
If you invest your Bitcoin into Bitconnect, you will receive your daily interest payouts into your lending wallet. Here you have different options. You can compound daily and take advantage of the compound interest effect, which leads to exponential growth of the principal.
You could also transfer the money from the lending wallet into BCC and profit from the rising value of the Coin, who is currently outperforming Bitcoin, most of the time.
And you could do both. In this scenario you do 50/50. You reinvest 50% of your daily gains back into the lending program, and you transfer 50% of your daily gains into BCC. Since BCC can be staked on your Desktop-Wallet, you send them to your PC and after 15 days, the Coins will be mature and will earn 8% per month from Staking.
So these 3 strategies can be used every time. But you have to be clever and you have to be able to react quickly.
For the next couple of days, there is another strategy, based on speculation, FOMO and the upcoming event in Thailand. By the time I am writing this article, Bitconnect Coin started a rally, increasing it's price over 15 $ since I drank my coffee in the morning. I think that is because of the upcoming event this weekend in Thailand on 28th of Octobre, where Bitconnect will announce the launch of the Smart Card. So we should be prepared for that and I decided not to reinvest my daily interests, but to transfer them into BCC and wait and see, how far BCC will go up.
And BCC is going to be listed on one of the Top exchanges in the world on Octobre 31th: HITBTC. (https://blog.hitbtc.com/alert-on-bitcoin-cash-ticker-change/)
That is why I think that, BCC is going to go up in value like crazy. If your are not FOMOing by now, then you should start right now ;)
That is a combination of both, strategy 1 and 3.
That's it for today. I hope you guys liked the article and leave an upvote and comment.
If your not into Bitconnect yet, please use my referral code! I would very much appreciate that!
https://bitconnect.co/?ref=Moeter
See you next time, thanks for reading!
Bye
Moeter