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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

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