Icenter litecoin bot day 77 days
However, unlike Costco they have a recruitment system. Feel free to argue with me in the comments. Sounds like a bad investment to me. Why is BitConnect different? How can they offer such huge returns?
Where is the capital coming from? Somebody somewhere invested either their bitcoin or government issued currency to give BCC value. This is my opinion now, but as I see it, the value of BCC is derived from the strength of crypto in general. But why can BCC offer such huge daily percentage returns?
Feel free to leave a comment down below to disagree or start a discussion. However, the main reason they are able to do this is because the value of cryptocurrency in general has increased so rapidly.
Let me give an example. That is an amazing investment. This company made some serous capital because they only return to you the USD equivalent value of your coins on a daily basis. It means that on days when the Bitconnect bot does not do as well in the market they can supplement payouts with the ENORMOUS capital they have received from the cryptocurrency boom and from additional people buying into their investment bot.
Essentially, they remove almost all of the risk of investment because they guarantee that you get back your initial investment in USD equivalent. Why does this sound too good to be true? Well, because it kind of is. If you plot out 3 year gains with 0. If universal adoption takes place, anyone in cryptocurrency at all will make huge profits. We have already seen this. In reality, what I see happening eventually is lower daily return percentages that are more reasonable.
However, RIGHT NOW the returns are ridiculous which means fast money for investors who are essentially capitalizing on the popularity of cryptocurrency right now. What are the catastrophic scenarios I mentioned earlier? All cryptocurrency crashes entirely and there is a mad rush for everyone to cash out into government issued currencies. If this happens everyone in crypto loses though and it is the less likely of the two scenarios.
The other scenario is where I see the risk. IF Bitconnect functions by paying the daily payouts to their investors by using the capital provided by new investors, the company is doomed to fail just like so many other crypto-investment and cloud-mining sites. Because of bitcoin's decentralized nature, nation-states cannot shut down the network or alter its technical rules. While some countries have explicitly allowed its use and trade, others have banned or restricted it.
Regulations and bans that apply to bitcoin probably extend to similar cryptocurrency systems. Bitcoin has been criticized for the amounts of electricity consumed by mining. As of , The Economist estimated that even if all miners used modern facilities, the combined electricity consumption would be To lower the costs, bitcoin miners have set up in places like Iceland where geothermal energy is cheap and cooling Arctic air is free.
The use of bitcoin by criminals has attracted the attention of financial regulators, legislative bodies, law enforcement, and the media. Senate held a hearing on virtual currencies in November Several news outlets have asserted that the popularity of bitcoins hinges on the ability to use them to purchase illegal goods.
It will cover studies of cryptocurrencies and related technologies, and is published by the University of Pittsburgh. Authors are also asked to include a personal bitcoin address in the first page of their papers. The documentary film, The Rise and Rise of Bitcoin late , features interviews with people who use bitcoin, such as a computer programmer and a drug dealer. In Charles Stross ' science fiction novel, Neptune's Brood , "bitcoin" a modified version is used as the universal interstellar payment system.
From Wikipedia, the free encyclopedia. For a broader coverage related to this topic, see Blockchain. For a broader coverage related to this topic, see Cryptocurrency wallet. Legality of bitcoin by country or territory.
Cryptography portal Business and economics portal Free and open-source software portal Internet portal Numismatics portal. The timestamp of the block is This block is unlike all other blocks in that it doesn't have a previous block to reference. The fact is that gold miners are rewarded for producing gold, while bitcoin miners are not rewarded for producing bitcoins; they are rewarded for their record-keeping services. Archived from the original on 7 August Retrieved 25 May Archived from the original on 20 June Retrieved 20 June Archived from the original on 20 January Retrieved 30 September Archived PDF from the original on 20 March Retrieved 28 April Financial Crimes Enforcement Network.
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Archived from the original on 12 October Retrieved 17 November Archived from the original on 3 April So happy for ya Nancy -it's great getting paid every 6 hours isn't it?! Will keep you posted when it's revealed: The initial investment matures and expires This doesnt include bonus dys when they doble your earnings for hours -they have done this 3x in last 2 months or any commissions.
You need more views though. It will help your videos rank better! Oh and the best thing is they accept cryptocurrency!
Cheers Simon ya im working on it ; I will have a look at zeus thanks for the heads up and for watching: I will check out your channel too!