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RE: What If I Kept My Bitconnect Investment in Bitcoin Instead? [VIDEO]
I would advise you to get as much of your investment out of Bitconnect ASAP. Chances are it won't last past the beginning of December, according to Clif High of Halfpasthuman.com -- I was taken in by their fake promises too!
Well, as you probably know, the money is locked in the system until term completion, therefore I can't withdraw. Though I am skeptical still about Bitconnect, it might be speculative rumours too, in order to make the coin's value decrease. IDK. I guess we will see.
Believe me, I know. I've just been taking out all the profit I can, and hope to at least get close to breaking even.
By the way, Clif is not about spreading FUD. Quite the opposite. He's hell bent on helping us overcome the bad state of the economy. I highly recommend you watch his recent videos on youtube: Jsnip4's channel, Cryptoblood, bix weir (road to roota) -- they are friends and you often get insights from Clif :)
Clif has been a developer longer than I've been alive, and he's a fantastic source of information, and really good at breaking things down. He does get into the woowoo, so if that's not your cup of tea, you can just skip those parts of the videos.
Best of luck!
To hopefully finally seal your skepticism, one of the things I learned recently is that there's only 2 exchanges where you can trade BitConnect. HitBTC (a shady exchange) and BitConnect's own exchange, hosted by BitConnect. Also, if you try and find who the owners are, or how the trading produces the income, there's nothing :(
It was a shock! I felt like an idiot.
Sorry to reply so late, I didn't get a notification. I agree that there is ambiguity regarding the Bitconnect owners, but in the same time, do we know who is Satoshi Nakamoto?
I also agree that the exchanges they offer are not the most transparent ones . They make money on the BTC one invests in the platform, and a user makes money on BTC's volatility.
Thank you for engaging and I hope to speak to you soon!
Take care!
No worries. I've bee away a good bit myself. It doesn't matter who Satoshi Nakamoto is, because he's not the one developing the software. And anyone can download, read, modify the software. You can see who the devs are on github, linkedin, etc.
BCC is an actual company that is registered in the UK and hasn't filed their paperwork and are close to being seized by the Crown.
Don't get me wrong. I still have skin in the game, so I'd love to be wrong. I'd much rather it be true and be able to help my friends out of poverty.