Is Bitconnect a scam?

Bitconnect (BCC) is a peer-to-peer cryptocurrency that was launched on November 16, 2016 and by January of 2016, the coin was being traded at 0.17USD per coin. Currently (October 23, 2017), it is being traded at 205USD. This means an incredible 1206% increase in value in just a year. But what is even more incredible is the Bitconnect lending platform, which claims to give back its investors a 1% daily return on their investments. Wow, who doesn't want to get a 365% return in one year? Many crypto-followers are accusing the cryptocurrency of being a scam, a pyramid scheme. And this might be true; however, it really does return a daily profit to your account. Bitconnect is going to give you tons of money until it crashes.

As an experienced investor, I recommend lending in this platform as long as you invest intelligently. But how to invest intelligently? Just lend a couple of thousands, (100$ if the first option is not possible) and take out all the daily benefits until you get your investment back. This process will take approximately three months, and after that everything you get is benefits. Who cares if Bitconnect crashes after you have being getting daily interest for months, luckily for years?

As this is a great chance for making quick money, I have decided to show you the whole process, starting with an investment of 1600$.