RE: The BitConnect scam exposed
Dude it totally does work. I invested starting with 100 bucks and am up to 150 with only 3 referalls and interest for 7 days...
Now im gunna invest three thousand and reivnest every interest accumulation inmultiples of ten then 100 daily and explode it!
Best part is u cash out anytime
The BEST way to earn exponential compound gainssz in BITCOIN PA$$IVELY is to join bitconnect and get Paid Daily interest on trading bot loans..
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And you are rekt!
I thought this was a troll post at first, but was saddened to see it was serious. Bitconnect is an obvious scam, similar to Gladiacoin. No financial institution can guarantee 1% returns every single day. Even top hedge funds such as the Baupost Group only average 20% yield a year.
The model of Bitconnect is unsustainable and it will collapse once investor confidence becomes more wary.
Your comparing apples and oranges. This is not a regulated stock market They don't guarantee anything. Have you done any research? This article is 5 months old and bitconnect is still here paying out.
lol.... what about now? idiots....
Up in the comments someone just said that they just closed the site. I checked and....surprise surprise it is open still! :)
Do you even check your replies? I said the scam closed and it's closed. The site will remain online as a wallet for their ShitCoin. Try to inform yourself before speaking. This information is freely available and extremely easy to find.
tell me about it! I was dying as I read this xD
did you actually read what they say on their site? I will make it for you
The daily profit is not guaranteed. The interest rate that you earn daily using our investment platform is calculated by our BitConnect Price Volatility Software and accrued daily. Some days, the profit may be 0%.Read more
this is true. i have had about 4 days in the past one year i have been earning where i did not receive an earning. the 1% is the averae. i have had .05% and 5.0% days, very few, but most days i earn about 1.50% average, it is very possible for them to pay these earnings when everyone is trading their coins.
whilst I am still on the fence about whether its a scam or not I don't think they actually guarantee any 1% per day return anywhere that's simply the average. There are plenty of days where it makes no return whatsoever. Control Finance on the other hand is quite clearly a scam. I got caught out but knew full well that it was a scam. Sometimes you can make more than your original investment back anyway by the time they do fall over.
As for BitConnect from what I am led to believe there are trading bots out there that can average 1% a day trading the volatility of bitcoin. I suspect if they are legit the fluctuations in Bitcoin will reduce over time and therefore so will the returns. There are some good videos on YouTube that cover how it could be possible that they could generate these sort of returns.
it is very possible. i started out with 100.00 a little over a year ago and i have taken out over a thousand dollars in profits already and i now have 1600.00 loaned to them. i have reinvested from my profits to give them that loan. plus every time my loan contract is up after the 298 days i get my loan paid back after all the profits i had made for my 298 day loan. they pay instant withdraws every time. plus you can also send your coins to 3 outside trading platforms and sell them there and buy other coins. so if you decide to build your ether or dash inventory up just send your coins to one of those platforms and get any coin you want from your earnings. http://weurls.com/MileHighMillionaire
first of all they do not guarantee anything. for the last 2 days i made 0.1 and 0.5% there are days when its low but on average it returns 1% right now. if the company can no longer yield such returns in future, im happy with what i have made so far. im sure most people joining are cautiously optimistic as well.
I love BCC and yes they guarantee some small things a measly sum of 0.25% BUT That's because all my loans are over 10k... SO whatever the percent is I ALWAYS get 0.25% without a hiccup and to me these guys are geniuses no scam artists. The guy who created this ruined it for the stupid sheep followers and just lost them over a million dollars or atleast for people who can invest 100k or more
They [scams] all 'work' initially, sometimes up to a year, before the originator backs out with all your coins/cash. Ponzi works by paying you the 'interest' from new user 'investments'. They want to make it seem legit so this carries on for several months before the withdraws stop processing and support no longer answers tickets, then it goes offline.
i guess they must be gone already then because they are way past a year in business.
They seem to still be doing well, I am about to try it at the end of January, lets see.
Luckily you decided to wait long enough that it all ended and you saved yourself some loses and some frustration ;-) But remember, you were lucky, since you decided to ignore red flags other were warning about. Don't always count on the luck though
Will they run with their own Bcc coins?? You can only buy bcc from other traders and stake, lent and mine bcc. They dont receive btc from buyers. They pay out in their own Bcc coins. You sell them to other investors.
i can't help it, i just have to give my opinion on this. all he can do is hate. i looked at his 3 coins he is trying to promote and he doesn't mention how bitconnect coins bcc is traded on 3 public trade platforms that won't let a scam coin stay in if they find out it's a scam. at the same time he is running bitcoin down that every single coin was built from and no coin will ever survive if bitcoin ever disappears he is promoting dash coins that has skyrocketed but was created by one of the biggest scammers to ever hit the internet. dash was originally created as a scam but people did not know it so they bought it and drove the price up. so who sounds like they are concerned about you now?
as for bitconnect, they really can pay those kind of profits because they are making that kind of money. i got in a little vera year ago with my 100.00 and rite now i have 1600.00 loaned to them from my profits, plus i have withdrawn over a thousand dollars. they instantly send back my loan as soon as the 298 day contract is up even though i have made profits from it for 298 days. so you are earning for free because they are earning big from their robot. yes they make profits from the members who sell high and try to buy back lower and end up taking a loss to get their coins back because they start jumping in price and they don't want them to get away from them, but that goes for all coins. that's how the trade robot makes it's money. you can do exactly what the robot is doing but the robot is going to do it better. they also charge a small transaction fee for everyone doing their trades, imagine how much they can earn just from that when millions of transactions are done every day. yes they are making lots of money that can be proven, bt no one can prove they can't afford to pay such high amounts in commissions, only opinions, no facts. i have had about 4 days this past year where i earned zero because the robot did not earn, i have had about 8 or 10 days maybe where i only earned 2 cents or a nickle. but i have had a few days that i earned over 5% and many days where i earned over 1.50% so yes, it probably averages about 1.25% a day if you average it. this place makes millions so why can't they afford to pay it back? they are also earning so they don't want to lose what they have. i have sent many of my bitconnect coins to an outside trade platform called livecoin https://livecoin.net/?from=Livecoin-Ub5t4keE
where i sell them and buy etherium coins. so they are building my ethers also. no one can come up with any real proof that bitconnect is a scam. never have, never will. the haters can only say it's not possible to earn that much but again, they can't produce any proof. just because they have an opinion it don't make it so. if they earn one million dollars from their trading platform why can't they pay the members three quarters of a million back? i don't know anyone that is not happy from their earnings from this site. they could have ran off with millions a long time ago if that was their plan. their coin has dropped in popularity in the past 6 months from number 15 on the top coin ratings list to about 130 now, but there have been a lot of new coins to come out so you can't stay number 1 forever. thats 130 out of about a thousand coins by the way, still not bad. so i say to all the haters, i'm sorry about your luck. you should have gotten in back when the coin was only 12 cents each about 9 months ago. it's still not too late but you could have been richer if you bought up about a thousand coins for 12 cents and sold them today and you would have earned over a hundred thousand dollars for a hundred dollar investment. don't keep thinking negative like people did with bitcoins when they said since it was 150.00 it has to be the end of it. bitconnect still has plenty of growing room. who would have ever thought dash would have grown so high since it was created by a known scammer. research it and you will see.
anyone that wants to become a millionaire with me just join my team and i'll show you bitconnect is real and they are paying real profits just so they can borrow your money to trade on their inhouse platform for bitconnect coins. they do not force you to buy or sell in their platform. you can send your coin outside to 3 different trade platforms and they can't make money from your coins. but at least they give you that choice to remove your coins and do business elsewhere. they are your coins and you decide what to do with them. if you decide you can even put them in your outside wallet and earn from staking them. they are your coins. http://weurls.com/MileHighMillionaire
Get rekt by the facts. The scam is over.
A very decent answer.. Thanks
dude it doesn't even have a white paper
They have a roadmap and a nice website. Plus their coin is MINEABLE.
and that's your biggest concern, LOL
the only white paper i need is toilet paper, but other colors will also work in a pinch. but yes, i do like the white paper the best
The only paper i need is the cash paper when i want to cash out. Check out Davor Coin They made a white paper which gives me already the information that BCC has got ALL over there site
definition of a ponzi scheme and mlm, if you dont care about your personal reputation, go fo it!
all my referrals are constantly thanking me for telling them about bitconnect and a lot of them are sihning u in my other businesses because they are so thankful.
Hello. I would just like to thank you so much for your amazing post.
http://www.bit-sites.com/p/bitconnect-tutorial.html
This step-by-step tutorial, help my How do I buy bitcoin from coinbase and send it to my bitconnect account
Are they still thanking you now, after they ran away with their money?
Thank you, Arcane Bear. it is amazing what people will fall for. Suppose what most who believe don't realize is that it all works fine until it doesn't. until the pyramid leads get the most $ they can and walk. period. How long did Bernie MAdoff mislead people for a Billion before he made off with their money? A decade? longer. i get excited on any first impression too; it's human nature, then you use your brain and research it. Enjoy it while it lasts. I give it to early December and their gone with your dough.
scum
hei, what about this?
it's brand new: https://exacoin.co/ref/pheidon
Exactly. At least one who thinks in favour of BCC. Did you watched TrevonJames? :)
How are you feeling about this now? :/