Episode Highlights:
- 00:57 – Is Bitconnect a Scam?
- 03:45 – Let me Break it Down
- 04:58 – My Investment, $1030
- 07:48 – Bitconnectd Affiliate Program
- 09:45 – MLM on Steroids
- 013:21 – Closing Thoughts
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Transcription:
Hey! What’s up guys? It’s Dan again from cryptocamacho.com, bringing you another crypto currency update. And today guys, I would like to give you a quick update on a program, on an experiment that I have been running. So guys let’s jump right into it.
So for a lot of you guys…I’m laughing because a lot of people keep telling me that this program, this experiment, it’s a total scam, it’s a scam, it’s a scam. I can’t tell you how many times people have told me that, people have commented that on my YouTube channel.
And the reality is that it does not matter if it is a scam or not.
As long as it’s ethical, as long as it’s not hurting anybody else, I would say go ahead and go for it. The entire crypto currency markets, the entire disruption that’s happening right now is the Wild West. There’s no rules. There’s no regulation. There’s no government sanction backing on any of these things right now.
So you’ll be the decider. You decide if it’s ethical. You decide if it’s worthwhile or not. You decide if it’s a scam. You decide if it’s a risk or not. You decide if it’s somewhere where you want to put your money and invest in it yourself. But I can tell you right now from my own personal experience, it is working out well for me.
00:57 – Is Bitconnect a Scam?
What am I talking about guys? I am talking about the one and only, the famous BitConnect, right? So BitConnect. I want to give you an update on my BitConnect progress. If you remember about a month and a half ago, maybe a month and a week ago, I lent $1,030 on BitConnect because I was so interested to see
what the problem was all about, how it worked, how it didn’t work, if it was a scam.
I really wanted to find out if it was a scam or not because everybody on YouTube is saying it’s a scam and then there’s another set of people that are saying it’s not a scam.
03:48 – Let Me Break it Down
Let me break it down for you guys right here. Okay. Let me go back to my spreadsheet here. You guys have probably seen this before. Okay. So on November 15th, I invested a thousand dollars in the BitConnect. After 26 days, I gave this update right. This is my update. 26 days into the program, I’ve earned $255. I reinvested $50. I was earning an average of $9.83 in daily interest, which is about a .95% daily interest that I was earning on my initial capital. Right?
Now, fast forward a little bit further. Fast forward a little bit further and you will see I have now been in the program for 43 days. So yes about a month and a half. I still have only invested at $1,030 and I still have only reinvested that $50. Although the interest I have earned now is up to $587.43, almost double from what it was literally just maybe three weeks ago right?
So now my average daily interest is about $13.66 or about 1.33 percentage daily interest, compounding every single day guys. So I have made, let’s see, almost. This is all passive income coming in. And let me go to my BitConnect account and show you exactly what I’m talking about.
So here’s my BitConnect lending wallet, $587.53. That’s how much interest I have made. Let’s go down to the transaction section here and I will show you every day the transactions coming in. Give it a sec. Okay, here we go. Go over to my lending wallet. And you can see, every single day, I am making interest right?
04:58 – My Investment, $1030
I have two loans out there. My initial $1,030 loan right here, which I’m getting about, let’s say anywhere from I’d say $6, $5 all the way up to let’s see $16 per day on that thousand dollar investment. On my $50 investment, I’m getting quite a bit less obviously because the amount is less. I mean, if it’s 50 cents, 20 cents your net, the thing is, is it’s adding up guys. It is starting to add up and I can if I wanted to reinvest this entire $587and I would actually almost double my daily earnings.
I wouldn’t quite double it but I would almost double it, right? So rather than earning what I did I say, $13 a day I would probably earn somewhere around $20 a day which would make me about six $600 a month right? So you can see how this could snowball as you reinvest your earnings over time and that’s exactly what I plan to do. I’m debating on whether or not I should reinvest this entire $500 into the BitConnect platform or if I should take it to a different crypto lending type of program and use it there, right?
I can essentially take a hundred dollars out of that five hundred dollars five times and invest in five different crypto lending programs and see how it works. I’m debating whether or not to do that or just to put it all back into BitConnect. So that’s kind of where I’m at right now. I have made a little bit of money in referrals, not a tremendous amount of money. I have, let’s see, about, I have 31 referrals. So not a lot, lot less than I’d originally thought that I would have. So it’s not like I’m making a ton of money off of these referrals.
I think I get five percent back on anything they invest and I think the top person has invested like a thousand dollars. So again it’s not a ton of money but every little bit helps and you could re-invest that money as well and if you guys sign up under me, you will, I’ll get a percentage of that, I think it’s around five percent percentage, and I’m happy to give you back about half of that percentage if you guys do sign up under me. Happy to do that. Just contact me. Make a comment on YouTube or contact me at contact@cryptocamacho.com.
Happy to arrange that with you. Actually I got a text message earlier today from somebody that signed up and he wants to do that and I said yep that’s fine. Because what I’d like to do is I’d like to start building out my team a little bit deeper right? I have thirty one referrals but underneath those referrals nobody has any referrals under them. The key here guys is that you want to at least promote BitConnect to some of your friends or family. If you have them so that you have referrals underneath you because then that really starts snowballing right? I don’t have that yet but I’d like to see how that works out.
07:58 – Bitconnect Affiliate Program
And let me show you why. Every time you promote your BitConnect link, there’s three levels essentially that people could sign up under. So I could essentially have somebody sign up under me and then they could have two more people sign up under them and I will get a portion of that commission right? And so will you if you sign up under me and then you have two people under you, you’ll get that percentage as well right? It’s a multi-level marketing program on Steroids.
So enough with… this is a total scam. This is a total scam. It is a little bit scammy but so is Mary Kay. So go to Google and Google multi-level marketing. Google the top multi-level marketing programs in the United States and you will come up with all kinds of companies that operate in a similar way to BitConnect right, which operate on a referral system. It’s not necessarily the product. It is the referrals that drive the company. The same thing happens with BitConnect but it’s on Steroids because it’s using crypto currency and the momentum we have with cryptocurrency is going up nowadays.
09:45 – MLM on Steriods
There’s nothing like it. There’s been nothing like this ever in the past. I mean, I’m telling you guys, scammer or not, check out multi-level marketing. And then really study and concentrate and figure out what BitConnect is doing. And you’ll understand that they have cracked the code on building out a new age multi-level marketing or an MLM 2.0 if you will.
Anybody could come in and create an MLM program based on cryptocurrency, do something similar to BitConnect and I guarantee a lot of people are already doing that and a lot more are coming, right? You’re going to eventually see like the Mary Kay’s of the world, those type of MLMs come onto the blockchain and do something similar to BitConnect. It’s a better business model than anybody else has come up with in the MLM space, which is why they’re doing so well and why there are so many haters out there.
Most people just don’t understand how it works. They don’t understand how the whole ecosystem works and how it sustains itself by referrals, by users, by maintaining a user base and bringing on new referrals and stuff and so on. I can break it down for you in a spreadsheet doing some math. Maybe I will at a later time but I wanted to let you know that so far BitConnect has not been a scam to me.
13:21 – Closing Thoughts
And I hopefully have shown you that right here. So again, I have invested a thousand dollars, $1030, sorry, and I have so far made it back almost $600.So I’m very, very happy about the return so far. Now, I just need to figure out what I’m gonna do with all my earnings. Try reinvest, should I put it to CloudMoney, should it put it to another crypto lending program, what do you think?
Help me out guys. What do you think I should do? I’m Dan from cryptocamacho.com. If you have not already subscribed to my YouTube channel, please do. You’ll see daily updates on how you can make more money in crypto currency. See you guys.[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]
