Bitcoin Forum

I recently cam across a website called bitconnect.io

This website promises you up to 40% interest on your loan per month

They pay out the interest rate everyday which you can right away withdraw
Currently people earn per loan approximatly 1%

Im very sceptical on how this works but after doing a research on bitconnect token, the currency used on bitconnect.io for lending out your loan, is number 20 on coinmarketcap, so this seems to be a valuable coin.

I just did a 100% loan on bitconnect.io to see how much and if i earn something

Did you guys use bitconnect.io yet

Is this legit?

It's look like a ponzi site. :))) I'll never believe and trying this kind of website :)))).

people are always quick to call everything a ponzi

but it looks legit, like i said the tkens are nr20 on coinmarketcap
and yutubers are putting 100k into bitconnect.io like its nothing

its all on video, its crazy

Pretty sure it's a ponzi. Anyone here lending money from bitconnect.io?

I never believe in any invest video :))) They can easily make a fake video :)))

Well try your luck if you believe in such sites and at the end you will know if you get any interest or you end up losing your principal amount as well. Better to be safe than repent among sites which you are not aware and do not know who has started ,when was it started etc.

This guy got lot of negative trusts relate to ponzi and now he provides a website and make people believe that it's not a ponzi site :))) So fucking hard :))

There are thousand ways to make a fake video :))) I'm not believe in that video and you also :))

I don't know if it's ponzi or not.
But, it's not a wise decision just to believe in such sites like that.
You sould also not easly believe in any invest video like that, too.

Isn't it bitconnect.co? not io? I've read plenty of articles about this before and I must say mostly claim that this is a scam scheme or just another pump and dump coin. They claim that the money you will lend will be used in trading but theres a possibility it's just a ponzi disguise and some say that they are faking the volume of the coin or it is just the team trading it and eventually they will dump once more people get on board.

Sites that promote 40% return on investment is nothing but a ponzi scheme which is not anywhere near being sustainable for whatever reason. Because I want to understand how they intend to pay that amount? Even freebitco.in that have been with us for a while and trusted to a large extent has never promised as high return as such. To those interested in making quick money, good luck in making that a reality.

Yes. I also want to say its scam ponzi. why anyone will giving us huge % for my investment. I will suggest you, stay away from this kind of fucking site. you can loss all of your money

but noone did loose a cent on their, everybody is making money

they use a trading bot and pay us a small percentage, if you think 1% is not much, if you have a good bot he can make way more than that

i signed up for bitconnect.io and im very happy so far

I don't care about how much they earn from your site, this forum is not for ponzi so you should delete your thread or keep it and get more negative trust :)))

It's a scam attempt for sure. And I am pretty sure one of the .io or .co is a scam. Not sure which one. I remember before that there is a signature campaign about bitconnect but I fail to remember what their website was.

It's .co . I found their thread:  https://bitcointalk.org/index.php?topic=1681719.0 and the OP has a red trust for an accusation that this coin is a ponzi which surely is obvious. OP may have been advertising that .io site . For sure it's a clone and a scam as well.

Looks like a ponzi scheme - be careful, you know once you earned you should really take all the earning before its too late.

Basically they use your money and take advantages of Bitcoin's volatility to buy low and sell high and I believe this is automated, and you gain if they gain, but lose nothing when they do. Since they have a larger capital to begin with, they can get more profits too.

Looks reasonable, but the site is still new and I do not want to invest in things like trading, and they even have their 'own coin' which is a no-go for me, so I would not want to invest in this.


*Only invest what you are willing to lose

It's totally ponzi :))) This guy got a lot of negative trusts because he's trying to promote ponzi in this forum :)))

At first you posted asking if this site is good . But now all your posts is just defending the site !! if you already know it is good why you posted

to ask here !!? Anyway from the first look they use trading pot to invest our money as you said . SO I recommend anyone want to invest there to just

go buy trading pot and use it at least your money will be under your eyes and trading pot is really not hard to setup anyway . 

Don't be a fool, read this article to learn all about Ponzi

https://steemit.com/usa/@king-of-kings/ongoing-criminal-enterprise-usa-corporation

I am start worrying everyday i came across loan site.

Lending is only trustable if the website is offering you some sort of security for your lending. How could you trust the trade if there is no security and what is the proof that you will get paid your interest for the amount you lender. These things must be considered before you could start investing money into site like this. My suggestion would be to stay away from these sites because lending business is not trustworthy and when it's online with virtual crypto currency then it's useless for sure. Most of the time it turn out scam. As far as I know you should do lending in the bitcoin forum only where you can at least escrow the money and be safe about it.

Loaning online is risky as there is no garuntee who will turn out scam in short period of time. Looking at the site it looks promising if we consider the coinmarketcap value for coin. But they are nit related to each other. Bitcoin is highest value currency but it doesn't mean loaning it would be very easy and get the returns for it. You need to have some sort of contract or mortgage for instance to cover your loss if anything goes wrong. These sites anyway comes under the category of ponzi and thus category is high risk investment. So please make sure that whatever you do you do it with extreme caution. If I have lots of money then I would invest it somewhere else.


The 40% interest is too much for getting the coins from it because you would fade up paying the interest rate. So I believe how can people really work on this site and the lending stuff really.

40% interest in return? C'mon man. Does it seem trustworthy to you? Never believe at this kind of techniques mate. Once you bite the bait. Your done. Your money is gone. Don't bother ask them why they are not giving what they promised. Where the hell you think they get the amount that they are promised to give you? Too good to be true. Stay away from it. Stay away from any HYIP sites. You'll regret it in the end once you put your money to them.

By the way, your red trust is for running a ponzi. Hmm.. You should know that it's a scam in first place because you are running a ponzi scheme. Somethings fishy around here.

!
I have also invested my money in bitconnect, as far as I know it is legit. Since I earned a lot of interest in a small period of time. By re-investing this money it will raise extremely quick, within 3 weeks I already doubled my money. So I strongly reccomend to lend your money in bitconnect. The first thing you need to do is transfer your money in bitcoin and then make an account with this link:

https://bitconnect.co/?ref=JobvanBrug

Afterwards you have to transfer your bitcoins into bitconnect. By lending your money you will receive a daily profit of 1%, by reinvesting your money you will receive more then 400% interest per year, without doing anything