Opinions. Real or scam?

Seen some ads on this website.

www.waitcoin.com

You can double your investment in like 90-150 days. Sounds to good to be true. Opinions on this?

 

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.

 

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.

 

This guy has 700k invested in bitconnect


use my ref username while registering (Ujak321)
i'll send you 10$ after your first deposit

I've met couple of people who withdraw money from bitconnect also they're trading volume is frkin* high

 

There is a simple saying: if something is too good to be true it usually is.

 

In my opinion bitconnect is really good thought out ponzi scheme that will be paying for atleast couple of years,

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!

 

These are all Ponzi scams.

 

Some people think that just because bitconnect has been here for some months that it isn't a ponzi scheme

 

Some people are morons.

 

this is just basically cloud mining. You are buying a plan in order to make more money? they use the money to buy more machines and pay for rent, and then give you a small cut of what they mine... but each machine will slowly get worse and worse profit wise and soon they will be at a point where they must sell the miners and who knows what happens when they do.

you would make more money jsut investing the same money into the coin itself. Also, what happens when its a sunday and payout day is a friday and bitcoin is crashing hard... there is no way to pull funds.

There are too many problems to state here. Mainly they are up charging you for "hashing power".

100 day return on investment.. they mean this in the amount of BTC paid back. That doesn't mean BTC will be worth that more much after those 100 days. its possible it would be worth less, but you are stuck in a contract with them. Also, mining difficulty is constantly rising, and they wont be able to maintain those ratios unlesss the mining difficulty went down (wont), or if they are constantly spending users money to buy more and more machines, which again, will eventually not be worth much.

7nm and even 5nm chip sets are coming soon... there's no point of paying for hash that will just become less profitable over time.... I don't see why people do this unless they see a narrow window to make some quick cash on a starter pack or something.


I can't say the same for bitconnect, but I can tell you there is support for mining it, because well, I mine it, but the concept can't go forever IMO.


these websites also pay people to add more money to their accounts and get higher returns in the short term to show "how rich i got off (insert cloud mining opp here).

 

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.

 

60% profit over a few months is ‘too good to be true and a ponzi’ but a coin going from 1.50$ to 30$ is not a ponzi and is fine.. come on guys.

 

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.

Think about it, the only difference is centralized vs decentralized, but being decentralized doesn't make it legit.

Again I'm not saying any of these investment opportunities are legit, but in my opinion they are more legit than 90% of the coins out there since they are actually creating demand vs promised demand/use-case