Exactly, i was wondering if anyone here had any experience with these kind of things. Their facebook page has 10K+ likes so idk man. It looks legit but i wouldn't know.How about you try it out and let me know how it goes?Usually with things that are too good to be true, it's usually what it is.
People are saying its a scam, but yet theres so many people investing and site is up and paying for 2 years now..They also survived hack and lost around 50k theire own currency and some bitcoin..And yet...they're still there
Not a shocker that you have no idea what your talking about. The site hasn't even been running for 1 year and your saying 2 years LOL. There is no really good thought out ponzi schemes eventually they will have to pay more than they make and they will scam quit like all other ponzi schemes. 2nd Trevon James doesn't have 700k invested in Bitconnect hes earned 700k and thats mostly from referrals.. Hes only put profits into Bitconnect never his own money. I have a feeling you just got into BCC. Lets say someone put $1 million dollars into BCC you do realize if he reinvests that for like 1 year all profits he would be a billionaire in like 2 years?? BCC cant ever pay that out LOL hence a ponzi scheme but good luck buddy!
Some people think that just because bitconnect has been here for some months that it isn't a ponzi scheme
Ujak pls.
The thing is these websites aren't actually mining anything they are just paying you with other peoples money that invested after you. I can link you about 20 cloud mining sites that were made just within a week and i can guarantee you that 99% of them will disappear with everyone's money within 2 weeks, I've seen this happen 100's of times and all these youtubers advertise them because they get paid usually 5-15% of what you invest in it. The same thing with Bitconnect they say a bot is trading for you but why wont they show any proof of the bot?
Amen brotha, thats exactly what i was thinking
Kind of what im saying about it, ponzi scheme or not theres still money to be made now but after a year or so id stop investments. Pull out what you can make currently.
I'm not defending these programs but listen to yourselves lol, the whole crypto world works like a ponzi. Get in early you'll make the most, get in too late and bare the consequences.
Do you know the definition of a ponzi? because a coin going from $1.50 to $30 is not a ponzi thats supply and demand and if it drops that means their is no demand. Bitconnect is a ponzi because they dont have a trading "bot" or at least theirs no proof of it. What bitconnect is doing is paying there old investors with the new investors money. Thats the reason why you have to have ur money in for so long. I just watched a video of 1 of these youtubers advertising this ponzi scheme called DreamHash and i went on that website just to see how much ppl were getting scammed and guess what the whole website is down now.
Demand caused by what.. fake promises? How many of the 1000+ cryptocurrencies on coinmarketcap have an actual use case and aren't just a useless erc20 token or a copy of bitcoin? Can I use them to pay for my phone bill? No. Bitcoin right now is the only one that I personally get a use case out of in real life and can use to pay for stuff, so it's a legitimate currency however all the other ones are the devs shilling it, and since they are most likely holding most of the coins they are on top of the pyramid, it's a ponzi in disguise. The reason why the bitconnect coin is top 10 is because the devs are actually bringing up demand for it, not with fake promises but with their actions over the last few months, something a lot of the other coins are lacking (look at 90%+ of the cryptos on cmc). I mean "making a coin to pay for games" (yes this coin exist), can just be done through bitcoin, but why is there a coin? Because they get to make an ICO and get instant cash from investors, they're also holding a good chunk of the coin themselves and giving a reason to investors through promises (e.g "the gaming market is huge the demand of this coin will go up so much it's a great investment!") is literally just a ponzi where the devs/early investors who shill it are on top.
