Online Detective #1 Bitconnect Is it a Scam?

in #bitcoin7 years ago (edited)


Ok just in case you don't want to read and see all the evidence.. SHORT ANSWER IS YES!!! BITCONNECT IS A HUGE SCAM BUT

It is the Most profitable Scam out there.

What is Bitconnect?
https://bitconnect.co/
Is a website that you would sign up for and trade your BTC for their currency which is bitconnect (BCC) BCC right now as I type this up is around $50 = 1BCC = 0.018175 BTC. With this website you make money 2 ways buy BCC and wait for the price to go up or you can Lend a certain dollar amount (IN BCC).. This is the money maker right here... (although when I joined up BCC was around $11.. so I made up my return and more so far) With the money lending you receive a daily interest in your investment. There are certain tier levels and time frames. But the interesting thing is they LOCK your money away and when your time is up.. You get your money back (so they say) and what ever interest you got.. WHaaaaaaaat BULLSHIT?!?!? Sounds Too good to be true right?

WRONG!!! It's true.. it really does work that way... Apparently they have this magic Bitcoin trading Robot that just is so well programmed that it can get you 1%+ average a Day in 120 days of your investment... BANKS DON'T EVEN COME CLOSE TO THESE KIND OF NUMBERS!! I want to kidnap this robot... They call it the "volatility software" and it comes with a calculator so you can figure out your potential profits...

The numbers it shows you. Oh gawd, they look so good... I want you to pick the sexiest person in the world you.. not put a dollar amount on that person.. THAT'S WHAT THIS SHIT WILL SHOW YOU. It is just a money making machine and all you gotta do is be patient and put your away in this secret magic Cage......

THE INVESTIGATION

My Personal Input:
I already put some money in and like I said I'm ROI is over 100% already but I have some money locked away for a 300 days.. Every day I get paid.. there was a 0% interest day that pissed me off (Like I wasn't making 1.75% the other days) but it was working... I get paid everyday in the morning... transfer my interest back into BCC and let it set because BCC is steady going up.. I did trade out of the site once for about $80 bucks.. but it was to see if I could... sure enough it went to my Coinbase account...... So it's not fake Sesame Street money they are handing out...

The Website:
Looking at the website it is beautifully made. The details, clip art, and just the structure of it gives you the feeling of someone put a lot of time and thought into this website. Inspecting the coding. Yea someone put they foot into this shit...

*Looking at the site I see its been active since March 2016. Not bad for a scam site.

*Support wise I asked about a month ago about this Trip to Thailand (as if I really wanted to go) haven't heard a thing back.....

  • Interesting thing about that trip.. You have to put in 20K in order to get a free trip to Thailand for some conference they are haing. No date is set yet but its in July.. This says SCAM all over it. You would think they would have dates, hotels, all that information readily available to you for people interested in going A MONTH OUT. I think if it gonna shut down its going to do it in July... So maybe wait until August to invest

  • They have a youtube page with about 20 videos.. Hell no I'm not watching them but they seem legit https://www.youtube.com/channel/UC21siJ1LcNnAm05ndZq8pDQ/feed

  • If you do a whois on the domain name.. YOU CANT FIND ANY INFORMATION. Well hidden.. just like a scammer would want it to be..

*MAJOR CON... Bitconnect said they were present at the Glorious India Expo in New Jersey....... Hmmm ok.... Got a nice pick of a booth but that looks more like a mall area... So I looked up the Expo.. there was an Expo.. but BITCONNECT WAS NOT THERE
https://bitconnect.co/system-news/59/glorious-india-expo-in-jersey-a-great-success/

Summary:
Lets be honest.. its a con. It's too good to be true that you can make that much money by doing really nothing. BUT WAIT, we make money on steem just by posting random stuff. Stories, theories, and pictures.. How is it so far fetched that this can be a scam.. I say if you have some extra cash... $1k put it in there... You will make money. Why not take the risk when the reward is so great. It's been up this long I dont think they are waiting for your $100 invest to say "OK THATS IT, WE GOOD NOW".... Plus you will make it back QUICKLY.... It is a Scam but a profitable one that can be taken advantage of... Just don't put ya rent money on it...

Sort:  

How can you be sure it is a SCAM ?

You just said:
I did trade out of the site once for about $80 bucks.. but it was to see if I could... sure enough it went to my Coinbase account...... So it's not fake Sesame Street money they are handing out...

So you are also proofing they are giving real BTC back...
I am so confused with your blog because you dont have 100% Proof it is a SCAM.

have you ever done daytrading???? anyway in day trading there are penny stocks... Maybe watch the movie "Boiler Room" might help explain better than I can.. ANyway.. these stocks ill lie and say they have the best thing coming out ever.. Medicine , products, contracts.. etc... SO what does a person do.. invest... more and more people invest.. rising the price of the stock.. now the guy that sales or gets out the curtain is pulled back.. He is Happy with the stock (ME in my example of pulling $80 out) but the poor sucker who puts his all in and loses it because it's found that this stock, (or website) is nothing but a closet in south side New Jersey.... is left with nothing.... So would you put 20K in? Can I be sure its a scam.. no hell I could be wrong... but more than likely I'm right... with my experience with stocks.. and how actual businesses function... I'm willing to bet I'm right... but Im going to make a lil money along the way with out risking a large amount of my capitol

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