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Bitcoin day trading flashback festival 2016
Bitconnect is a combination cryptocurrency, online exchange and community portal offering investment loan opportunities for it's members. Here are the earnings for the last 5 days: After crunching the numbers, on average based on historical values members are able to double their investment in less than 4 months or days.
You are likely asking yourself - how are these rates of return even possible? Traditional investments can't even compete with these types of numbers. When you talk about doubling your money in less than days, that sure sounds pretty far fetched. By conventional standards it does sounds almost impossible. Until you look again at the cryptocurrency market. Every day there are coins and tokens trading that make x gains in very short periods of time.
So earning high returns on a volatile market like cryptocurrency is certainly possible. The traditional exchanges are almost exclusively run these days by automated systems bots doing split second trades and are still able to be profitable - even though there is only a fraction of volatility of the traditional market when compared to cryptocurrencies.
So, it is entirely possible that a trading bot that profits off the volatility of the market has been developed and in use today. And BitConnect may very well be proof of such a system. In fact, when comparing interest earnings with BitCoin price swings there certainly looks to be a strong correlation.
So it is entirely reasonable there is at least one company in the world that has successfully developed price volatility trading bot that wins on most days and maybe that company is BitConnect.
BitConnect incentivizes it's members to recruit new members and this marketing approach has come under a lot of scrutiny with comments comparing it to a Ponzi scheme. So, first let's look at what a Ponzi scheme is. It's an enterprise that promises the payment of quick returns to the first investors from the money invested by later investors with nothing of value offered to investors other than a promise of future payment.
On the face of it, it's easy to see how BitConnect could easy be associated with a Ponzi scheme. However, it's important to note that online its been a long time practice to offer incentives in way of commission to those who bring in more business. It's more typically known as "Affiliate Marketing" and is a very effective system to recruit new sales.
Even Amazon offers affiliate marketing to it's members. However, what makes BitConnect different as it offers something of value - absent from Ponzi Schemes. It offers it's own cryptocurrency. How is the value of a cryptocurrency determined - It's determined by it's users for the most part. Simply because BitConnect is also the largest exchange to trade BitConnect coins - so not only can it control the supply and demand of these coins, it also has a considerable amount of influence over it's price.
Investing in cryptocurrencies is a risky venture. It's impossible to tell if a particular business is acting in the best interests for the community or not and for that reason it's up to you the individual investor to decide you level of risk for each of your investments. The general rule of thumb for Cryptos - Don't invest anything you can't afford to lose. The Cryptocurrency market will always have it's share of unethical businesses and it's up to the community to support and cultivate those businesses which help to serve the community.
As the cryptocurrency ecosystem continues to evolve, it will be a bumpy but potentially very profitable journey. The OriginalWorks bot has determined this post to be original and upvoted it. Thanks for the post. I think many people will appreciate your thoughts, comments and experiences.
If you feel it's right and accept the risk, go for it: What is the ROI for this investment? Almost sounds too good to be true - right? Is BitConnect a Legitimate Business? Has something like this been done before - Absolutely. Is BitConnect a Ponzi Scheme? Conclusion Investing in cryptocurrencies is a risky venture.
If you want to learn more about BitConnect, check out this website video: If you like, upvote and resteem to your hearts content. Authors get paid when people like you upvote their post. Congratulations for your excellent post, I invite you to follow us and we grow faster, greetings.