Why it's better to hold and stake bitconnect!
If you were gonna invest $10,000 in bitconnect and lend it out 4 months ago, you would earn about $12,000 in profit.
If you were to hold and stake them yourself and sell them today you would have over $200k.
Each token was around $7.26 on May 4th and today they sell for around $117.23.
For $10,000 you would have 1377.41 tokens, and if you were to simply hold them you can sell them all for $161,473.77
But if you staked them in May you would have 1,873.95 tokens valued at $219,683.15. It's much more profitable to hold and stake than to lend.
The only problem is that we cannot see what is going to be on the future.
However, the post is pretty good, since we can see what is going on now, and make the predictions for the future.
https://steemit.com/life/@liorout/first-day-at-college
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It bitconnect legit? Yes and no
Yes->There are some genius things they did that looks like they are making a killing and sharing the profit with lenders.
Proof of stake and making interest on holding BCC. Since they hold the majority of the supply, they make a lot of profit.
They only let you money into it by BCC and get $$$ back. Essentially you are dumping your stash and locking it for 300 days reducing the supply and this makes demand higher and drive the prices up. By the time they want to pay you back, they give less BCC.
The BCC to BTC exchange happens in their website for the most part. They make a killing on the fees.
They have a bot that seems to be trading and making money.
Now why No, it's not legit, there is no transparency.
If there is a bot, where is it trading, what's the wallet address ?
How can a BOT makes money all the time. Seems to good to be true.
Lack of transparency to show they are cash flow positive when making money on fees, bot, exchange and increase of the price.
My strategy :
I did my homework and decided to throw money into t. I am putting $10k in it, $5k in buying BCC and holding on to it, $5k in lending.
https://bitconnect.co/?ref=succ33d11