What is Bitconnect? Bitconnect has no scam & how to invest for safety?

What is Bitconnect? Bitconnect has no scam & how to invest for safety?
in the last few months, the Crypto Currency community has come up with a pretty hot name, Bitconnect.
On the investment groups also discussed and raises questions such as: What is Bitconnect? Bitconnect has a scam? How to invest Bitconnect for safety ...?

So in this article Ngoc will give you the most detailed information about BitConnect. At the end of this article you will also answer the following questions:

What is Bitconnect? How to invest in Bitconnect?
Investing in Bitconnect of interest up to 40% per month is true?
Bitconnect why it raises prices and quickly entered the top 15 in the ranking of CoinMarketCap?
Does the Bitconnect Project have a scam? Is it multi level?
How to invest Bitconnect for safety and quickest payback?
...
Let's start!
What is Bitconnect?
We first need to confirm that BitConnect (BCC) is an electronic currency like Bitcoin (BTC) and other coin.
BitCon currently stands in the top 15 on the Coinmarketcap.com (a website that statistics the value of electronic currency worldwide).

What is a Bitconnect investment model?This this model of the Bitconnects are currently hosted in the website https://bitconnect.co/
khi đăng ký một tài khoản ở đây, bạn sẽ được giao dịch với hàng nghìn thành viên khác với 4 cách đầu tư như sau:


Mua Bitconnect giữ trong ví dụ để sinh lời (Stake)
Mua Bitconnect và đầu vào các gói phần mềm để nhận hàng ngày (Invest)
Mua Bitconnect với giá thấp và đi bán với giá cao (Trade)
Đào - Khai thác Bitconnect (Mine)
Sau khi đăng ký tài khoản tại Bitconnect, bạn sẽ được sở hữu 4 Ví (ví) như sau:

Bitcoin Wallet (BTC Wallet): To participate in any BitConnect investment you need to purchase Bitcoin from somewhere else and transfer it to this wallet.
BitConnect (BCC Wallet): You can convert Bitcoins and convert them to BitTones respectively, and use this wallet to make headings in lend packages for daily profit.
Lending Wallet: The wallet is charged in USD, this is the daily interest amount from the investment package
Bitcoin Cash (BCH Wallet): This allows you to add Bitcoin Cash, as Bitcoin Cash just appeared after August 1, 2012 after the recent hark fork event.
In a nutshell, no matter what you invest in, you will need to buy Bitcoin from another trading platform and then import it into Bitcoin. From the bitcoin in your wallet you can use it to trade, buy BitConnect to invest in lend packages to generate profit in USD
And now I will detail in two ways investment that many people are most involved in BitConnect is:
1. Buy Bitconnect (BCC) and wait for price increase to make a profit
This method is the way to invest in "buy cheap expensive" based on the increase of copper Bitconnect.

For example: Today (11/8/2017) you bought 50 Copper Bitconnect for $ 95 / 1BCC ($ 4,750 total), then you keep the BCC in your wallet about 2 months later, then the price would be $ 150 / 1BCC. Then you sell ($ 7,500 price) to make a profit. That is 2 months after you profited $ 2,750!

Listen too attractive right? But Bitconnect has raised prices so right?

The answer is: Can not know, but look at the chart below

Bitconnect came out in the market in early 2017 for about $ 1 / Bitconnect in February and so far, the moment I wrote this article (August), the price of 1 Bitconnect is $ 95. This is arguably the record-breaking and most powerful of any electronic currency in the market.

Does Bitconnect have a discount? Is there any further increase? Nobody can answer this question because the so-called currency will be affected by market volatility. And if Bitcoinnect is badly discounted then you will lose money with this investment.

Bitconnect has therefore provided an alternative investment called Lending, which eliminates the fear of increasing the discount on BitTorrent storage in your wallet.
2. Involved in investing in Lending system
This is the way most people are involved, with the lending model you will invest in a specific package in dollars and Bitconnect will pay you interest every day with the US dollar always (the dollar is not fluctuating)

BitConnect now allows you to invest in 4 packages of the same amount of money as the one above, which is a daily pay-as-you-go model.
Example:

If you start with packet # 1 ($ 100- $ 1000), the original withdrawal time will be 299 days
With investment package # 2 (from $ 1010 - $ 5000) in addition to daily interest, you will be added 0.10% per day and the original withdrawal time will be 239 days.
Similarly for investment packages 3 and 4, the percentage of bonuses will increase with the investment package and the shorter return period will be shorter.
With lending, BitConnect will take the money you invest and give other trusted partners a peer-to-peer loan, all automatically by software and pre-programmed robots. . Since you are a lender, you always know one day interest. Today you will know what the profit of tomorrow.

Daily profit will be calculated Bitconnect, publicity on the website every day(You can see here)

Interest will fluctuate between 0.5% - 2% per day. Below is the chart of earnings over the past 3 months, I find it quite stable, on average over 1% per day.

Step 1:Register a Bitconnect account

Step 2: Use a specific amount to buy Bitcoin, then load Bitcoin wallet in your Bitconnect account
Step 3: Use this bitcoin to buy Bitconnect (BCC)
Step 4: Get BCC to invest in specific package
Step 5: Daily interest will be paid in USD and updated to your Lending wallet
When you earn interest in Lending Wallet you can withdraw money by changing this USD to BCC, change BCC to BTC and withdraw BCC on some wallet on the trading floor to sell money in Vietnam dong.

Ngoc will have detailed instructions on how to invest and withdraw interest on Vietcombank in the following article.

Also, if you do not want to, you can continue to keep your BCC account in BitConnect to wait for the opportunity BCC to rise, this is double profit.

With a monthly interest rate of 35 - 40% like this, only about 2.5 months you can get the capital, but want to withdraw the original fast, you can consider high investment package.
Why is Bitconnect so fast and paying high interest rates (40%)?
On the question of why Bitconnect copper price increases so fast in just 8 months (from $ 1 ceremony $ 95 / 1BCC) I think there are two main factors as follows:

Supply and demand: This is the concept of value, which is more scarce as more people are interested in the price increase.
For example, with a watch manufactured in Switzerland with a limited quantity of only 100, it will certainly be of high value because many people want it.

With Bitcoinnect, too, there are only up to VND29 million in BitConnect and there is not much more so many people want it to automatically bid more than supply => Rising prices!

High liquidity: That is easy to buy, Bitconnect.co is a trading platform, where you can use Bitcoin to buy BitConnect. Sell ​​BitConnect right here (in BCC Exchange)

You want to buy how many BCC also and how much BCC to sell and also the transactions are ordered and calculated automatically by software (called robot).

The picture above you can see, the right hand is the order to buy BCC, the left is the order to sell. That is right here always people want to buy BCC at low prices and who want to sell at a high price, however the difference is very low.
Why does Bitconnect pay such high interest?
Actually, when I first heard about Bitconnect, I personally had a lot of questions and wondered about the profit. It must be said that at present there are very few investment models for such high interest.

However, after careful analysis, Ngoc found that it has a good foundation, that is, as mentioned above, Bitconnect has high liquidity, many people want to own it so the price increases very fast.

Whereas we invest in USD lending packages and interest is paid in USD so BitCon always benefit and calculate the 40% is not how much compared to the price that Bitconnect copper is increasing daily .


Specifically, we use the potential to buy Bitcoin, then use that bitcoin to change Bitconnect => at this step the number of BitConnect in the natural market has increased because of being traded more.
Then we use the same Bitconnect that converted into USD investment package, which the US dollar does not always increase so they own your Bitconnect number and put on the floor trading robots make profit. In the end they pay your interest in USD => so here they have more than 40% interest that pay you a lot already.

Also, BitCon has been traded on many different platforms such as Livecoin, CoinExchange, NovaExchange ...

However, the main floor of BCC Exchange still accounts for the highest number of transactions (over 90%), so the price of BitConnect is always coordinated and calculated accurately and always matched by software, not affected by factors. Market or speculation, hoarding like other Altcoin coins.

All but one of these factors shows that BitConnect is being run by highly strategic and ambitious investors who are increasingly eager to place electronic money on the e-money market.
Bitconnect has a scam? Is it multi level?
Here are two questions that you have recently put up.

Actually, with the question "Bitconnect has a scam?" Personally I think this is not the correct question!

Because in fact BitConnect is just an electronic currency, so it can not fool anyone. This is only a question of those who are fearing, not thoroughly understood the financial investment models.


The exact question would be: What are the risks and potential risks of investing and Bitcoinnect?
Possible risks when investing in BitConnect
Usually people who invest in Bitconnect today rarely talk about risk or they often say "there is no risk at all".

For Ngoc want to assert that: There is no investment form without risk potential at all! It's a sure investment that is more or less risky, even if you go to work for a living, there is a risk that (the company goes bankrupt)


Like other investment projects, joining BitKit you will have to prepare for the following psychological risks:

Security risk: This is a risk from you, because of how to secure the account should be able to hack or steal login password. The thief will use your account and withdraw the number of BitConnect transfer, you will have no way to get back.
Tips on investing in BitConnect or any other project is to use 2-step security with Google Authentication, do not download unknown software on the net and absolutely do not open and click on the lines. link from strange email.

The risk of exchange rate fluctuations: This is the common risk of all common electronic currencies, not just Bitconnect (even with paper money fluctuations).
But individual Ngoc found that with Bitconnect this risk is very unlikely, the normal capital value of the electronic currency in the next few years will increase and very difficult to fall, especially with the investment interest as much as At present, copper Bitconnect will increase the price is more feasible.

The risk of the BitConnect project collapsing: This is unlikely to be foreseen, in the past there have been many models of lingering investment like this have already been "disappear".
However, if you look closely, previous projects are completely different from BitConnect, BitCon is deploying a model of investment-based lending to drive the market capitalization of an electronic currency instrument. and using the money invested by individuals to make a profit by peer lending, they basically have more strategy and vision than other projects in the past.
Potential when investing in Bitconnect

If you look closely and analyze specifically, you will see that Bitconnect is the fastest gaining currency and has reached the top 15 on the CoinMarketCap rankings (and the top 20 were the very co heavy)

So your BitConnect investment will have the potential as follows:

With a lively investment package and the current interest rate (35-40% monthly), after only 3 months, you can recover your capital.
Example: With a monthly $ 1010 investment package you will receive a profit of about $ 350 and so only 2.5 months is that you have already recovered. After that, you can rest assured that you will receive the right interest.

Double interest: That is, if you do not want to withdraw your interest every day, every month, you can transfer the interest to Bitconnect and store it there. This way you just take profits from the investment package and get more profit when the copper price increases, this is the "double interest" in the form of electronic investment.
Is Bitconnect a multi-level model?

First we need to understand the multi-level model is deployed very professionally in developed countries, especially the United States. This is a business model network, ie spread and expand the number of members to invest, promote products.


  For BitCon, it basically operates on a multi-level model, which allows members to pre-invite other members and receive bonuses (commissions, bonuses).


Personally, I prefer to call this program an affiliate or referral.

That means if you invite a person (who is A) to BitConnect, you will receive 7% of the money from their investment package. If person A invites person B then you get 3% more of B and so on until level 7 is 0.2%.

In the world and in Vietnam, many companies offer affiliate model like this and Bitconnect is such a company, so simple!

How to invest Bitconnect for safety?

I also participated in Biconnect investment for more than a month (from July) so would like to share with you experience as follows:

First: You need to thoroughly explore the potential of BitConnect to determine how to invest properly and sustainably. For example, if you notice the value increases over time, then you can invest in BitConnect purchases now and wait for the opportunity to increase in 2-3 months to make a profit.
Second: If you participate in the Lending investment model should consider using idle money. Idle money is money that without it in the next 2-3 months will not affect your life. Absolutely no greed to devote all of your money to investing because any investment pattern can be risky.
Third: If you have large capital, you should invest in high package to make time to withdraw more quickly because it is possible in the long term when the market capitalization of Bitconnect increase, the interest rate will not keep the current level. . So if the low pack buried long capital will be detrimental for you.

Investing in BitConnect can be called venture capital so you might be tempted to make a fortune, but if you are hesitant and hesitant to join or have a bad strategy then you may be Loss or interest is very low when the value of BCC goes down due to market fluctuations.

Epilogue

So with this article I hope to give you some general knowledge about BitConnect, help you answer questions like BitConnect, BitConnect investment, and how to invest ...

Individuals just want to remind, investment is a tactic and sometimes success or not depends a lot on the factors analysis and decision, fast, at your time, sometimes even a little luck.

If you have any questions about BitConnect or you have joined BitConnect and have the experience to share, leave a comment below!