Sign Bitconnect is a scam?
Bitconnect claims it has a trading bot which buys Bitcoin when it's low and sells it when it's high. It uses your loans in order to carry out these transactions and then pays you part of the profits daily.
Now here's my issue. Just recently Bitcoin shot up to it's all time high and then dropped a hell of a lot in the space of a few hours and then went back up again.
Now correct me if I'm wrong but their "Bitcoin volatility software" should of made a killing here, selling their Bitcoin at $11,000 and then buying back at the dip?
But here is the interest for the days in which this massive rise, fall and rise again has occurred and yet the interest for 01-12-2017 is 0.19% , one of the lowest I have seen.
So what's going on here? Obviously there is no Bot and if this is true then the entire platform is built on a lie.
As usual thanks for listening
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I'm afraid that it's the biggest scam going - EVER. If/when it blows up, that could really, really hurt the reputation/idea of cryptos. I know a lot of people claim they're making money at it, but I still don't like it - I'd rather go with something that actually has an open ledger/blockchain. I hear people talking about the blockchain connected to BitConnect, but I have never seen an actual place where anyone can look at the blocks ???
Forget Bitconnect! Join up with Hexabot. The creator is a real person who has over 10 of his own bitcoin invested. You can view his profile. Interest payments every hour. No capital lock. Invest as little as 0.005 Bitcoin. Trades BTC/USD, LTC/USD, DASH/USD. Your choice. Reinvest 0-100% of your interest automatically. 2%+ per day!
click the link - https://hexabot.top/?r=ragstoriches
Thanks for the comment.
I think they have been really clever by basically linking themselves to Bitcoin, you have to buy their coins with Bitcoin, which they then hold and the value of that Bitcoin usually goes up (they win). When you get your capital back it's in dollars not the Bitcoin you initially invested, so because of this it can last for a long time, but it's 100% based on a lie.
The people making the crazy money are the ones pulling huge numbers of other people into it and getting the 5%.
The past 2 days interest says it all. I'm guessing the "Bitcoin volatility software" took a nap those days.
yes i agree with you
Thanks for the comment.
Definitely a scam. Someone made a lot though.
Thanks for the comment.
Sadly those people that have made the big money have taken it from lots and lots of people who can't afford it through their 5%, which is paid right there and then and the people drawn in are tied into loans for up to 299 days.
It's obviously a ponzi. They give gains that are just unrealistic unless all the new people are paying the old, and their constant thirst for fresh blood tells this tale. The people making real money are the ones bringing in all the new victims. At least one of their top pushers has recently "admitted" there is no bot, and that they make money from being linked to bitcoin. Uh huh. The story is changing or he senses the wind changing?
When this self-destructs, it's going to be a big one. We may be able to take advantage of it, if BTC drops as a result, as it may with all the panic that is going to be out there, but I feel sorry for everyone being scammed right now.
I know who your talking about. Yeah it's sad when someone knows full well it's not legit and still pushes it on people to make themselves more money.
Here is the non existent "Bitcoin volatility software" past 2 days results after the past few days of a large amount of volatility (literally what it's meant to work with) and it's crazy low.
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