One thing I learned, and we need to be aware of this co-investors…. it’s maybe a coincidence or intentional. In my point of view, the closing of Bitconnect lending stops all operations as well as their accountability of paying high return of investment, as they lasted for almost 18 months. Based on the table that compute daily compounding interest available in our excel soft copy, within this period of time, the 548 days or 18 months time, the investment of $5,030 from the very start will earn $7,434.64 per day, $223,039.20 per month, equivalent to P11,151,960,00 (million) per month which is so big for them to pay for several investors that can afford to invest as much as this big.
With a twinkling of an eye, all their accountability is over. And to their advantage, they buy back more coin for those affected of panic selling. This is the beauty of crypto business. And with this move, they answered most of the doubt asking question “How can they sustain paying high return of investment in a long run of their operation?”
The answer is not to pay them but they will create scenarios that give them excuses of their accountability.
If you understand this business, go and engage, for this is good in our generation today. You can take advantage if you consider the time frame. They might close the flat form again once you earn millions every month. But before they do that, make sure you enjoy so much of the return of your investment.