As of this writing, Bitcoin is back up enough that the money I’m sending
0.06739776 BTC = $1,021.64
is enough to initiate an interest bearing “loan” to the Bitconnect trading bot.
You might not choose a lending program. There are mining pools you can join, which I know very little about, or you can just sit on it and watch the market. My own goal is to earn more Bitcoins (more dollars is just gravy), so I did go with a loan investment program.
A minimum of $1010 gets you an extra .1% / day. The “Reinvests” do not get that extra .1% kicker, but you have the option of reinvesting it every day for the daily variable interest, or holding it until you have enough to initiate another loan. You can hold it in unchanging USD, or in the BCC (Bitconnect) coin wallet, on the possibility it might grow there faster than in the USD wallet. Putting it immediately into BTC (Bitcoin) incurs exchange fees, and if you’re going to reinvest it or make a new loan anyway, there is no point.
I started mine at $1020, did daily reinvests for a couple of weeks, but I’m now accumulating the interest, in either the USD Lending Wallet, or the BCC wallet (BCC=Bitconnect Coin), until I accumulate enough interest to initiate another loan with the .1% daily kicker. The BCC Bitconnect Coin is not the same as the BTC Bitcoin, but they follow very similar profiles on their price charts. I care more about the slopes up and down than I care about the actual price per coin, since unlike stocks, you can buy fractions of coins.
The BCC company did some kind of adjustment to its coin supply or something, to correct for that too steep dip last week. They appear to want to keep it on mirroring BTC.
BTC & BCC price path in USD (U.S. Dollars) as of 01/02/2018
BTC & BCC’s daily ROI (Return on Investment), as of 01/02/2018
Jimmy Song – Bitcoin blockchain programmer, teaching blockchain programming seminars
Crypto Spark – short videos with a broad view on the world of crypto, which is much bigger than just Bitcoin
Sunny Decree – Swiss German, good technicals, good overview of the crypto world. Used to sponsor Bitconnect, but he turned on them over a graphical image error on the Bitconnect website, which he felt was misleading, and I felt was merely a mistake. It has since been corrected in either case. I guess he does all right for himself on other lending and especially mining platforms.
Ivan on Tech – Programmer, Russian born, now lives in Sweden. Good technical explanations. He appears to be younger than I think he really is. I think he wears lipstick. He is starting up an online academy to teach blockchain programming. He’s the one who said how hard it was to explain to citizens of 1st world countries why Bitcoin is a safe haven from banksters & governments who go rogue. But people in Russia, Venezuela, & Zimbabwe, etc, get it.
Andreas Antonopolus – deeply philosophical and evangelical about Bitcoin saving the world – he saved his mother’s life savings from the clutches of the E.U./European Central Banks/Greek Government (aka crony banksters) when they went raiding the Greek public’s deposits, called “Bail-ins”, a crime they had been planning against the whole world, including Americans, to save the banksters from their own corruption failures, — by transferring her life savings into Bitcoin where they couldn’t get it.. (Don’t think the NWO doesn’t eventually have that planned for you and me, if they could possibly get away with it.)
CryptoNick – a teenager who has a knack for trading & choosing lending programs (there are others besides Bitconnect) & cloud mining investments. He made a bet with his parents he wouldn’t have to go to college if he could make a millionaire of himself, and he did it faster than he expected to.
EverythingCrypto – a brand new channel that only has 3 videos, but if she keeps it up, she’s very good at explaining how-to’s to newbies to crypto. Just those 3 videos have already put her over 4,000 subscribers.
Bitconnect Specific Gurus I like are –
Roy Murphy – lots of calm technical explanations. I ended up choosing him as my “upline” sponsor, (not required to join Bitconnect) because I was pretty sick of all the drama on several other Bitconnect YouTube channels.
Trevon James – some technical, a lot of drama, always entertaining, he sometimes understands more than he’s able to express.
One I really don’t like is –
Craig Grant – actually pays for ads on YouTube. ALL DRAMA ALL THE TIME, no technical nuthin’. Big swagger. After several videos, I’ve realized I really don’t like him as a person. I even hate his commercials now.
You all need Coinbase accounts to move USD into and out of your bank accounts, although I hear others are becoming available. However, Coinbase is known to pass judgement on your transactions, and if they consider who you’re transacting with “spammy”, they will suddenly close your account.
I have no idea what Coinbase thinks of Bitconnect, because Bitconnect is only a year old. In fact, Bitconnect is having an ICO & new decentralized exchange launch later this month. You can make a lot of money with Bitconnect without being anyone’s sponsor, but their main marketing model is Multi-Level-Marketing, where you can make a lot more money in commissions a lot faster, if you have the personality for it. (I don’t think I do.) But just the MLM aspect triggers some people into labeling Bitconnect a “scam”. It’s not. But I don’t know what Coinbase thinks of it.
For this reason, the advice I’ve heard more than once is to get a personal wallet for BTC/ETH/LTC that is the only path you move crypto money into and out of Coinbase with, even though it might cost you more fees. Right now Nick and I have Blockchain.info wallets. A lot of people have Exodus wallets you download and install on your hard drive. (I’m too scared of them, myself.) I believe Andreas Antonopolus is associated with both of those companies. I wouldn’t touch a phone wallet, except for maybe enough money to go grocery shopping with. Tone Vays recommends GreenAddress. A quick search on Blockchain.info (DNS, IP loation)’s & GreenAddress.it (DNS, IP location)’s server info, shows that they are both hosted in likely the same building in San Francisco.
Bitconnect itself has a BTC wallet, but that is the wallet I prefer not to deposit directly to from Coinbase.
Some people prefer and recommend hard wallets, which plug into your USB port, which have recovery protocols you can set up in advance to recover your money, if it ever gets lost, stolen, or destroyed.
Some of the gurus have demonstration/review videos of hard wallets. Nano S & Tresor seem to be the two big names.
We’ll have to watch it to get it locked in a “loan” above $1010 or $1020. Bitcoin almost looks like a living thing, the way it breaths in and out.
I view Bitconnect as taking some of the volatility out of crypto for me. It’s like jumping rope, timing when to jump in, when to jump out.
That’s enough for now.
PS – Update 01/08/2018 – On a final note, you might have fun (& profit) looking into Steemit social media. This guy, Thrift Shop Hustler on YouTube, & @reseller on Steemit (same guy), is pretty good at explaining it, although its level of complication is like learning a high-strategy virtual game! 💡 😆
You are not asking the right question in today’s NY Post. Of course Wall Street and the feds (you mean The Fed, who are not “the feds” at all, but a private corporation set up to serve the banks) can prevent another market plunge. The real question is, will they?
Not if they planned the crash, they won’t! And crashes don’t happen unless they are planned. (How do you get to be a financial writer and not know this?)
The Fed has been telegraphing in many places on the web (here, here, here, and here) in the last few weeks that they plan to scuttle the economy, certainly in time for the U.S. midterm elections. President Trump has taken notice, and telegraphs back he is considering breaking up the Wall Street banks. So I contend the crashes the banksters are planning will be no later than Jan 2018, to make sure people have time to “feel the pain”, and that the media can have several months to “blame Trump”, before people actually go to the polls.
Crashing the economy by the Fed, in regular profitable cycles, is not hard to trace. The stock market, the lending rates, the “tightness” of money. Wall Street is planning a big big crash, much bigger than 2008, a new recession, or even a full scale long term depression (as un-politically-correct as that word is), especially if the midterms go favorably for Trump. In fact, the more favorably the midterms go for Trump, the bigger a depression will be imposed, as revenge, on the American people for “voting incorrectly”.
You asked if they might be willing to save the stock market for themselves, since they have so much money of their own in it. Well, the answer is No. Because by the time they scuttle it, their money will be entirely out of the stock market, and entirely out of the U.S. dollar. Oh, you didn’t know? The banksters’ intention is to entirely scuttle the U.S. dollar, too, unless Trump does something about it. (There are things he can do, without even breaking up the banks.)
By now the population has figured out that “printing” money out of thin air as “loans”, while not printing enough money to pay the interest on those “loans”, is one big worldwide ponsi scheme, designed to drive defaults and reposessions, of the real wealth, people’s homes and businesses.
The blockchain & Bitcoin were invented as the killshot against the IMF/Fed style system, as practiced all over the world. It was, in fact, designed to excise the Fed & the central banks from the world economy. So of course its inventor concealed his identity. He knew what he had, and he valued his life.
After keeping the world on perpetually shrinking fiat currencies and in a perpetual state of war for centuries, so that the central banks can profit from collecting interest from both sides of every war, or profit from foreclosing on governments themselves for the mere powwwaaaaahhh of government ownership, the world has had enough. We’re done.
But of course the banksters are not going down without a fight. Wall Street and the Fed are responding with a new centralized bank-to-bank “cryptocurrency” of its own, “Ripple” (symbol-XRP), the antithesis of Bitcoin and others. Right now XRP is still dirt cheap, but that’s about to change, or so they think. They plan to lock up over 50% of XRP in escrow by the end of the 2017, in order to cause a run on it beforehand, in the hopes of crashing Bitcoin & the dollar simultaneously as people try to “move their money”. The banksters will have already begun affecting prices by dumping their own assets in the U.S. dollar, the stock market, and Bitcoin, for XRP. They have already made it incredibly hard to buy XRP directly with the U.S. dollar, without buying another cryptocurrency first. Why? Really, for the sole purpose of causing a pump & crash of non-XRP cryptocurrencies, especially Bitcoin, which they think people will dump for XRP, while they leverage XRP up. (As if.)
And then they think they will blame it all on Trump. No way are they going to “prevent another market plunge”. Crashing the economy is their last desperate grasping gasp at existence. Like Saddam Hussein burning all the oil wells in Iraq.