On May 20th I invested 340 dollars BTC into Bitconnect coin(BCC) at 12.56 a coin. I probably didnt do enough research but it seems to be working great! All of the main posts here on steemit say its a scam but has anyone ever used it? Check this out!
Here shows my starting investment. Also The first time I hit the reinvest button and an additional $20 was loaned out that I had earned off of the daily lending profits. Lastly you can see where I took earned Bcc from my lending wallet and exchanged it for bitcoin
Here I sell my bcc then send my btc to my bitpay debt card to be spent.
This will probably be the last time using my bitpay card because they do not support BIP 148, I didn't know this until recently and the fees are stupid high like 5 bucks loading 30 dollars!!
This is where I bought gas, water and sushi. So the only thing I need to know that its not a scam is if you actually get your loan back. If I do my 340 dollar or 27 something bcc tokens will then be worth 1000 at todays prices. I also don't see why anyone will ever sell this token that can make you this much money it seems like everyone buying it is loaning it out and locking up for at least 120 days. Seems to be adding up!
Im not saying its not some sort of scheme and one day the Bcc price drops and some people get fucked but ay that happens every day, its looking real nice though if I throw 10k in and get it back in 4 months with 12k profits and cash out back to the mighty Btc
Thoughts? What could cause a crash? If everything is going good why would they take the money and run? I really don't know hopefully someone can explain! Someone tell me some technical shit that proves it wrong or I might just throw a big chunk at this n hold my nuts for 4 months!