Don’t fall for another BitConnect — key steps to take before you invest in cryptocurrency

Too Long; Didn't Read

<a href="https://hackernoon.com/tagged/bitconnect" target="_blank">BitConnect</a> has exited the cryptocurrency market. It’s volatility <a href="https://hackernoon.com/tagged/software" target="_blank">software</a> was able to guarantee up to 40% interest every month and 0.25% daily interest back for your investment if you invest over $10,010. Based on these claims, BitConnect was saying for your $10,010 investment, you will gain $25.025 per day ($750.75 every 30 days) just from the daily interest rate guarantee. Then, take into consideration their vaguely defined “proprietary software” that guarantees returns (and never have any losses in its trading algorithm, regardless of market behavior) and you’ve got yourself a major <strong>red flag</strong>.