BitConnect, CryptoNick, Trevon James, and the truth!
In this video, I breakdown the general phycology of a typical YouTube personality who promotes thing they themselves don't actually believe in.
We see this all too often in the cryptocurrency space, and more people need to be educated on how to not fall prey to it going forward.
I hope this video helps:
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trevon is ok
Did you watch the video?
If only everyone listened to these warnings people would not have recently lost millions of dollers in Bitconnect. The promoters like Glenn Arcaro, Craig Grant, Trevon James, and Cryptonick are actually getting sued in court and the SEC is now looking into it. It was a huge scam ponzi scheme and its sad to see how much money people lost. All the promoters are deleting all their Bitconnect videos just so they don't look guilty, but its too late for them because its all over the internet.
Plus Google has backups of them all, so let them delete all they want... it's not going to make a difference.
I thought that these youtubers were sellouts as well, thanks for the video!
The pleasure is all mine @loomy.
Tokatore, Not to defend any of the Bitconnect Promoters but i think you should also considered depending on the amount they lend they do get extra percent amounts when investing from 1010-5010 and 10010 .10% .20% and .25%. So your statement that he is lying may or may not be 100% accurate. If he is lending alot with large amounts those locked in extra percentages including the average percent could possibly be yielding him 1% -2% per day. You have to remember when they do talk they are speaking from their reference earning view and not the average person. So i agree they should explain more to not miss lead and saying that is what the average person will get daily just wanted to help shed some light on that because i think that is the misscommunication when it comes to the daily percent earnings. I would love to speak with you more on this as i too believe in educating people. Thanks
The highest extra percentage is only 0.25%, so even with that, for most of last month they barely ever hit a full one percent return or higher a day.
Not to do a back and forth but I'm not really sure if you understand fully what i am saying Lets use this for example. You just showed that CryptoNick has over 100k in is active investment so lets say for argument sake if he invested 10,010 every day or month doesnt matter each one of those lends are .25% so if he does 4 or 8 of them which he has the money to do they stack which would be a combine percentage of 1-2% .25%+.25%+.25%+.25%.... you get the point plus whatever the average is. Now unless my math is wrong and you dont want to consider each lend seperate then add them up this makes total sense and from his point of view he is in face getting 1% 2% per day locked in. Do you understand now?
Ha ha, I like your style of thinking, but that's not how the percentage payouts work my friend. It is a percentage based on the entire amount invested, now you could argue it the way you just said, but that's not the way percentages are calculated on total sums.
I don't think we are working well together with communicating so well just leave it as you have your view point and i have mine. I personally think that the percentages are separate but if you add them all up then they do stack as each lend is counted separately Also you seem kinda of angry and Nik and the other youtubers not sure why?
His scheme has come to an end, so I ain't mad any more.
Plus, after watching Nick over these past few weeks, he won't have much money left to be doing no $10,000 loans per day. I'm pretty sure he's lost a lot making shitty trades over the last few weeks, plus BitConnect is dying, which is his main source of income.