Skip to main content

BitConnect - Update

Earlier this month I talked about BitConnect.co and BitFinance.biz, two places that provided HYIP investment opportunities.  These are very high risk, but very high return "investment" plans (to use the term loosely).

Shortly after writing that I put $10k into BitConnect and after less than a month I have already pulled out about $3600 in interest payments.  I chose BitConnect because it paid twice the daily rate that BitFinance paid.  I would have preferred to use BitFinance, and if I were looking to be more conservative I would have, but I couldn't pass up the 1%+ per day rate offered by BitConnect. 

To me BitFinance would be preferable because BitConnect was already a couple years old and these HYIP programs tend to run their course in a few years or less.  That being said, one thing that sets BitConnect apart from all other HYIP's I've seen is they have a BitConnect Alt coin (BCC) to go along with their program and that coin has been performing very well.  I think the company as a whole is incentivized to stay operating partly because of the good performance of their coin.

As I mentioned, as of today (9/27/17) I have pulled out a little more than $3600 in interest payments on the $10k I invested.  So about 35% back in about 3 weeks.  My first goal is to get $10k in interest payments out so if I should lose my original investment at least I was break even.  At this rate I should be able to do that after about 2 months total.

What is most interesting to me is after launching in early September, BitFinance has now doubled their interest rate to 1% per day from their original 0.5% per day.  Now their rates are very close to BitConnect and the time commitment to BitFinance is slightly less than that of BitConnect.  Comparing apples to apples, BitConnect requires a 120 day commitment whereas BitFinance requires 90 days.

BitFinance also offers "no commitment" deposits.  They'll pay a lower interest rate, but it compounds daily and they allow deposits from as small as $100 to as big as $100k.  BitConnect has a $10 minimum investment, but a much longer commitment time at that investment level.  All of the choices are clearly defined on both sites home pages.

Therefore I'm considering putting my next money into BitFinance instead of BitConnect.  If I do I'll post as update as time progresses.  As I mentioned before, if you choose to invest in either program, please use my reference link below so I get credit for you joining the program:

BitConnect:  https://bitconnect.co/?ref=grunderwear

BitFinance:  https://bitfinance.biz/?ref=whalecoin

Comments

  1. Aslay SinOctober 18, 2017 at 7:58 AM

    BitConnect is an open source all in one bitcoin and crypto community platform designed to provide multiple investment opportunities bitconnect coin

    ReplyDelete

Post a Comment

Popular posts from this blog

Dride Zero - Dashcam on Steroids

I took part in a Kickstarter project to build "The ultimate Dashcam".  One with front and back cameras that would shoot in HD, was durable and low power, and would upload video clips to the cloud with the push of a button.  We'll after waiting more than a year, they did just that.  I received my Dride Zero a couple of days ago and, other than an initial rocky "Setup" process, it has been working fantastic. This post isn't so much to talk about the Dride, you can get that information from them at https://dride.io.   This is more for those people who might run into the same issues with Setup that I had.  Hopefully this will save them some of the time I wasted trying to figure it out. Dride Zero Getting Started 1) Unpack from the shipping box.   To get started all you need at first is the Dride Camera, the powercord that has the cigarette lighter connector, and a 16Gb type 10 Micro SD card. 2) Insert the 16Gb Micro SD card in the slot on th
Post a Comment
Read more

IOTA - A Beginner's Guide to Why IOTA Matters

IOTA is not your typical cryptocurrency.  IOTA, which typically stands for the Internet Of Things is a completely new approach to managing a blockchain. Blockchain technology is what made coins like Bitcoin (BTC) possible.  BTC is just a coin that uses the blockchain technology.  As I've said many times before, the "real" invention here was coming up with a blockchain that works.  To show that it works they created BTC.  The success of BTC is a very good indication of how well blockchains can work. Blockchains are what provide the audit trail of each transaction.  It is what allows you to purchase a digital "product" and be assured that the product is authentic and that you are the only one who owns that particular product.  It is what allows us to use BTC as money because it protects against counterfeiting.  Blockchains do have their limitations, most notably transaction speed, and IOTA solves these limitations.  This is hugely important because almost
6 comments
Read more

Sending SMS/MMS text messages via Twilio and ColdFusion in 5 minutes or less

Wow, almost exactly a year since my last post.   How some things change and other things don't. On the one hand my father has passed away almost a year ago and that has left a big hole in our lives.  On the other hand a year ago BitCoin was at it's peak and was days away from jumping off the cliff.  Well it fell from about $19,000 all the way to $6000 where it has held for many months...until yesterday when it jumped off the cliff again.  On to Twilio - I'm blown away with how easy it is to get communication components accomplished with Twilio.  We are using it for normal SMS text messages at TapCloud.  We also use it to send out our Authy based 2-Factor authentication tokens, and we are starting to use it for peer-to-peer and one-to-many video conferencing. One of the great things about Twilio is just how easy it is to use.  Here's an example of just a handful of code that will let you go from start to finish so you'll be sending out MMS messages in about 5 m
4 comments
Read more