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Wednesday, October 25, 2017

Non BS Review of Bitconnect Opportunity: Is it a Scam?


Many people are at a crossroad.

They want to know if they should commit their hard earn money into Bitconnect hence the reason for this review.



Is Bitconnect a Scam: A Genuine Review?

One of my friends has made good amount of money from Bitconnect, he has enticed me with the promise of good return for as much as 30% in a month.

How effective is this promise? In order to review this promise, he allowed me to look into his dashboard and I saw that bitconnect has indeed been paying him.

 He did an initial investment of I00 dollars and has been able to make an additional $60 within 2 months. With this information I was enticed to join the scheme, but before you join the scheme, you need to read my honest review.

You see the problem with a lot of bitconnect review is that they are totally biased and are geared toward making you purchase the coin. So in essence the writer psychologically convinces you to make that jump into this cryptocurrency.

In this review, however, I will present the fact as I know it and then you can decide to make that jump if you feel it is something you are ready to commit to.

How Legitimate is Bitconnect? The truth is that bitconnect is a real cryptocurrency. By cryptocurrency, I mean that it is built on the blockchain network.

But despite it being a legitimate currency I have some concern. Bitconnect is an MLM opportunity. This means you can refer people and earn money from the referral.

This, however, is not my cause for concern. My cause for concern is how long this opportunity will last. Why do I say so?

There isn’t a full background information on the team behind Bitcoin Community-Earn, Buy, Sell and Trade | Bitconnect Company House UK lists Mr Ken Fitzsimmons Uk (British) as:

 • Business Owner
• Born in May 1978 (39 years old) and Currently the owner of: Bitconnect LTD 10278342 Located at The Panorama Park Street Ashford England TN24 8EZ

This shows that someone called Ken Fitzsimmons is the owner of bitconnect.

However, I did a research to see if I could find the image of the owner and was unable to.

This is a cause for concern. But if we look at bitcoin you will also discover that no one knows who Satoshi Nakmoto is.

This in essence means that there could be personal reasons why they don’t want to be found.

HOW DOES BITCONNECT MAKE MONEY TO PAY INVESTORS

The key thing I check out before making an investment is the products they sell. Bitconnect, has a volatility software which they use to do automated trading of currencies. Theoretically it looks like an amazing strategy; however my cause for concern is how possible it is for them to make 30% profit on a consistent basis.

Yes I have seen people make i00% on a single day, but doing that consistently is something I find difficult to believe but this doesn’t mean it isn’t possible. It is for this reason I call for caution.

This doesn’t mean I am not investing, it only means I am only investing money I can risk. HOW YOU CAN MAKE MONEY WITH BITCONNECT 1. Invest in the Coin You can make money from Bitconnect by purchasing the coin. To purchase the coin you pay them in Bitcoin.

And your Bitconnect account is credited. The amount you are paid daily varies. Though they promise up 30% returns. 2. Referral Commission Bitconnect offers referral commission of 7% this mean that the more people you introduce to the opportunity the more you earn. BitConnect Compensation Plan In Bitconnect affiliates can earn daily profit by investing in Bitcoin or USD. There are four level of investment for Bitconnect. The returns of ROI are dependent on the amount invested by you. Below is an explanation There are four main investment levels, and they include —

 • Investment between $100 and $1000 provides access to a 40% monthly ROI that’s paid out for 299 days
• Investment between $1010 and $5000 provides access to a 40% monthly ROI that’s paid out for 239 days. Along with this, a bonus ROI of 23.9% is also offered.
• Investment between $5010 and $10,000 provides access to a 40% monthly ROI that’s paid out for 179 days. Along with this, a bonus ROI of 35.9% is also offered.
 • Investment between $10,010 and $100,000 provides access to a 40% monthly ROI that’s paid out for 120 days. Along with this, a bonus ROI of 30% is also offered.

Referral commissions exist alongside the direct ROI payments, and this money is paid as a set percentage of funds invested by your downline of other affiliates within BitConnect.



STEPS TO REGISTER ON BITCONNECT




STEP : CLICK REGISTER




STEP2: FILL IN YOUR DETAILS








STEP 3: CONFIRM YOUR MAIL






STEP 4: FILL IN YOUR SECURITY DETAILS









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