BEWARE Youtube crypto channels promoting misinformation like Crypto Nick
The videos contained in this post break down the misinformation and outright scams being promoted on Youtube.
One such channel is Crypto Nick who recently told his viewers that he didn't know the difference between a public and private key and this guy sells a $500 crypto course that (i kid you not) has setting up your Bitconnect account as one of the courses chapters.
Crypto Nicks clickbait headlined videos like (17 year old makes $300,000) are all about Bitconnect, the well known ponzi scheme and his $100 in btc giveaways keep the poor crypto newbies coming back.
This kid has no clue about investing in or securing digital assets and is spreading low quality information to the most vulnerable cryptocurrency new comers. He knows his money comes from selling the uninformed the ponzi not investing in it himself.
This video breaks down his Bull****
Heres what Charlie Lee, co founder of Litecoin had to say about Bitconnect:
These guys have been exposed over and over again. We need to do our part to make sure that they cannot poison newcomers with substandard information while charging them to do so.
The worst part is, they are multiplying! BEWARE PEOPLE
It s about time somebody exposes these guys. But it isn´t uncommon in the crypto Community to trick newbiws into thinking they can get rich for basicly doing nothing and knowing nothing.
Actually sad, when you think of it......but the idiots keep comming
https://steemit.com/cryptocurrency/@stefanakis/bitconnect-finally-busted
Always someone trying a new scam ....my favorite of all time was the solar powered clothes dryer .. the guy would send a clothesline........
....LOL
damn, you are exposing haha nice one :D
Really stupid of them to keep jeopardizing their rep for stuff like BitConnect which has no excuse whatsoever.
Don't those "Crypto Experts" know the only way to get rich quick is to join Steemit? xD
Cheers
thanks for the info! as a newbie who is just learning about cryptocurrency it is so hard figuring out what is real and what's a scam. Luckily I'm in Steemit for the long haul so I don't worry much about trading or the 'get rich quick' plans but it's still important to understand how the systems work.
Glad to have you here! i recommend WCN the world crypto network on youtube. They are all about bitcoin but the information and interviews are great.
@squatee thank you - definitely gonna check them out
Finally!!!
https://news.bitcoin.com/bitconnect-shuts-exchange-citing-string-excuses/
Good ridance.
There are now hundreds of these youtube videos regarding bitconnect. The scale of this seems to be growing day by day. I regret falling into such a scam but to be honest when I was a noob the interest earned seem so enticing because bank rates are so terrible. Almost anything was beating out a bank's savings rate.
Of course BCC blew up. Sadly most people are 80%'ers and get into scams like it. More people sub to BCC type short term thinker channels than to Andreas. That says it all. Well the 80% make us 20%ers richer in the long run. Unfortunate that in the end they learn the hard way.