Staking
Your weight is 1
Network weight is 285546
Expected time to earn reward is 396 days

Does anyone know why staking weight is only 1 for me and reward time is so long?

It could only work if there was an infinite supply of victims and their money, but there is no such thing so the scam must end at some point. Due to scammers wanting to exit with maximum profit it would likely end when it's at its peak, which is exactly what happened with Bitconnect.

Neither Bitconnect nor any other ponzi can go up forever. Not possible. Ask Madoff or Garza.


There is no value to be created. It's a scam. Like Paycoin and other blatant scams. Your shilling is pointless.

I disagree, the promoters most of the time only showed the potential gains and not the potential risk, and in general just enticed newbies to invest in something they didn't understand.

That Jedi Knight guy was making videos telling people bitconnect was the perfect hedge against bitcoin!....4 months ago i literally had to block all bitconnect related videos on youtube because i couldnt stand how people were promoting it.

Thanks for the enlightenment, bud. Now I fully see how lenders made a profit off BitConnect. They loaned X BCC to them, whereupon they paid back X - Y. Granted, I'm still a tad confused as to how BitConnect made their money, probably having something to do with the Z-factor, but unfortunately equations containing more than two variables or constants is (or is it 'are') beyond my prowess, albeit back in the 70's I would've been able to perform such equations in my head like I did for ALL the questions on the SAT, earning a perfect 800 in its math section and the first one in the room to complete said portion of the SAT taken at IU, then went fishing with my dad at Brown County Forest Preserve, but I digress.


That's a brilliant idea! Allow BitConnect to operate their own exchange in restoring trust in them. Of course this would create a nightmare for its owners, for down the road they would have to devise another exit strategy, one not yet used AND believable, else they'll have to resort back to blaming the exchange's demise on the ye ol' standby - FUD and ... wait for it ... TEXAS.

No one believes that you can make $50 million with an initial investment of $1000 compounding at 1% daily. This quote was erroneously mentioned in some article bagging Bitconnect...check any compound interest calculator and let me know when you find one which will produce that figure.

In terms of sustainability, no I don't believe Bitconnect is sustainable in the long-term - this is due not because of its model necessarily, but mainly because of inevitable government intervention/regulation. This won't necessarily be leveraged at Bitconnect but crypto as a whole will be reigned in at some point.

In the meantime and despite my nervousness about how Bitconnect operates, I have taken a reasonably large position in it. My plan is to withdraw all interest until I break even, and then re-invest as well as taking out any future returns. I realise that my capital is at the whim of Bitconnect and bitconnect only at this stage. When ('if'...*gulp*...) I break even, then I wont be happy if the whole system fails, but I will be far more comfortable losing whatever is invested knowing that I have already returned it to myself.

Some bullet points on what people don't seem to understand (or say they do, but still dismiss) about Bitconnect, as well as my own observations:

* The daily interest is not guaranteed. 1% is NOT guaranteed. The term returns are NOT guaranteed. Through the average volatility of BTC, the returns to-date have been pretty spectacular.

* If you don't re-invest, then in many cases you would have made the equivalent (or more) on merely holding BTC. This is critical to understanding how the Bitconnect system works. You lock in a set amount, and the equivalent value of BTC goes up or down. Bitconnect buys and sells BTC during your loan term. BTC has more than doubled since mid-september. Go figure.

* The model says it uses trading bots/algorithms, but I think it is far more simplistic than that. The volatility in BTC is at a heightened scale to say, sharemarkets. Almost any mug could make money based on candle-stick analysis for intra-day trading. I truly believe that the Bitconnect model is a bunch of analysts leveraging the 'loaned' bitconnect coins in the BTC market. On most days, far larger profits than 1% could be achieved and the cream from this is how they operate. The accepted residual interest is what is passed onto investors.

* In light of the above, why doesn't everyone just trade BTC themselves if it's so easy? Well I myself definitely do not have the time to sit in front of my computer all day - I'm leaving it to a bunch of other people (sorry, I  mean 'bots'...). I also keep some directly in BTC.

* Apart from rapid government intervention, I cannot see a similarly 'rapid' demise of bitconnect...it would require SUSTAINED depression (or stability) of the BTC price (and hence sustained 0% daily interest) before any significant investor withdrawal. I for one only put in $10k loans or above at any one time meaning that if the writing is on the wall, I will be one of the first ones to start taking my capital out upon respective maturity dates. People who are putting in low amounts will be the last ones to salvage their investment.

* With regards to the referral scheme - this is the one aspect I despise about Bitconnect. I have no referrals on my account and am not actively trying to recruit. This is the one part of it that does unfortunately scream 'ponzi', and as others have mentioned the diagram on the Bitconnect page is a picture of a pyramid itself. Surely they are taking the piss here? My only comfort is that the referral scheme is slowly but surely dying out. The returns and levels of referral are decreasing which hopefully is an indication that Bitconnect are trying to establish a level of certainty and transparency for new investors. I hope they get rid of the whole scheme eventually and revoke all existing referral payments for members.

Overall, is it guaranteed? Hell no. I have risked capital for a comparatively short term and hopefully I come out on the other side. If not, I'm not going to lose my house but I am willing to accept whatever losses I sustain.

I can imagine all of you how happy you were when you read this article. I bet that none of you has ever invested in BCC nor used their lending platform.

Guys i can tell you one thing. Bitconnect  will stay here for long long long period of time. It might be seen as a ponzi scheme and maybe it is, but you can even imagine how much money is here to be made in near future for Bitconnect company. They are not going anywhere even if UK shuts them down. Coinmarketcap put them down a little bit, but it did not change a value of BCC at all.

Of course the changes in their refferal program had to be made. It is only going to improve sustainability of this program.
I think all of you are angry that you did not jump in early and now you are worried that is too late and only thing what you can do is hating on something you dont know sh.t about.

I agree with you honestly.  The only reason they are not top 10 coin is because most of it is held up in the lending platform.  Every single review I have read from someone who actually used it got the 1% daily return.  I read one honest review on Steemit where the user got 5X his initial investment in a short amount of time by reinvesting constantly for a daily compounded interest.  He took his money out and stated he wouldn't use them again because it made him uncomfortable. He still walked about with a lot more money than he started with.   

Another thing I noticed is that on their exchange where the majority of BCC is bought they have higher prices.....  My guess is they use their bots to work their own exchange as well and gain 1% there.     All that being said buying BTC would have given 3% daily return if you bought in Jan of this year. 

I have started my own little experiment with BCC for about 5 days now and so far the returns are as expected.