Are you searching the review of the site Bitconnect.co? You have arrived at the right place. In this Bitconnect review, we will solve every query that you have regarding this site. There are many questions that our readers had asked us like, is Bitconnect Scam? Or is Bitconnect Legit? Or is Bitconnect Real? Or is Bitconnect Fake? It is one of the most known sites in the Bitcoin market. We will try to reveal another side of Bitconnect which you do not easily understand while looking at this site. If you are not concerned about reading the whole article then we can provide you the summary of this review. In brief, we do “Not Recommend” Bitconnect site. It is because it is working on the Ponzi-Pyramid Hybrid scheme which is illegal in many countries. This scheme makes the company unsustainable. The Ponzi scheme is the one in which company pays to its members from the money deposited by the new members. The details of the Bitconnect site review is below. But there are many real and legit opportunities available in the market that can help you to earn money online.
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How does Bitconnect work?
Bitconnect Coin is publicly tradable altcoin, we also agree upon it but it has nothing to do with the Bitconnect Ponzi Scheme. They are confusing people by making them believe that they are investing in Cryptocurrency. They are doing it to hide their real business which is a blend of Ponzi and Pyramid Scheme. Ponzi scheme we have explained above. In the Pyramid Scheme (like Multi-Level Marketing-MLM) company pays a commission to its members without selling a real product or services. In the absence of any product from which company gets revenue, it means they are going to pay its members from the investment made by the new member.
The Bitconnect allow you to invest your money on their site and get high ROI in return. The Bitconnect is offering different plans and they are written below:
- You can invest $100 to $100 and receive up to 40% a month for 299 days.
- You can invest $1010 to $5000 and receive up to 40% a month for 239 days and also a bonus 23.9% ROI
- You can invest $5010 to $10000 and receive up to 40% a month for 179 days and also a bonus 35.9% ROI
- You can invest $10010 to $100000 and receive up to 40% a month for 120 days and also a bonus 30% ROI.
Now, you can easily see for yourself that the ROI is very high in every kind of investment plan. In the real sense, this is nothing by a Ponzi-Pyramid Hybrid Scheme. The company does not have any solid plan to get revenue for itself and interest for its members. It means they are going to pay its existing members from the money invested by the new members. It makes the company business plan unsustainable as well as nonreliable.
Every genuine company especially those that are dealing with money provide their information to its members to get their trust and loyalty. The Bitconnect has does not provide any information about its owner on their official website. They have guarded their information in WHOIS records. The guarding the information in WHOIS records is the most common feature of the scam websites. It means the company is intentionally hiding its information from the purview of its members.
Let’s for instance, we believe that Bitconnect is a good site and they have really a good plan to generate 40% ROI. The question arises is that why they are collecting money from the public and not going to bank direct? Ok, we also understand no bank will give a loan for such adventures but they can easily take the personal loans. The high-interest rates of personal loan will not be going to affect them much. It is because they are getting 40% ROI in one month. This is a very logical question you should ask it to the company before investing in their company.
Conclusion
We do Not Recommend the Bitconnect. Due to the various reasons already discussed above. The company affiliate invests the money in USD/Bitcoin into Bitconnect in exchange for Bitconnect coins. After it they can start to get the ROI payout, however, those coins will be invested within the Bitconnect for 120 days to 299 days as per their claims. Affiliate will think that they will earn a profit when the company makes a profit. There is no proof of such assumption on the site and also there is not a verifiable source of income coming into the company other than the company invested by the company. The question arises is that how they are going to sustain by paying 40% monthly ROI? This company will collapse but they are going to sustain for a long time as compare to other Ponzi scheme companies because of low ROI than other companies. We will advise you to avoid this website. Still, to invest in this site or not is your decision. You are the real master of your money. We have just provided you another side of this company does not seem at first sight.
If you are searching to know about the sites that help you to earn money online, then we offer you the Wealthy Affiliate Company. They are in this field for the last 13 years and still running very expeditiously. They help and mentor their members to earn a fulltime income on the internet. To get more information about the Wealthy Affiliate Company, please click the link given: https://onlineincomeresources.com/the-wealthy-affiliate-review-scam-or-legit
If you have any doubt about the Bitconnect website, please mention it in our comment section. We will be happy to help you.