Bitcoin Forum

I was considering getting into the ethconnect ico in 3 days time but changed my mind and will do something almost as risky.

I plan to put $5010 in bitconnect and make a 179 day loan with +0.20% daily bonus.
Rather than reinvesting the daily interest of $45 odd I will buy alt coins - bitcoin, ethereum, litecoin and lisk with bitconnects daily profits.
If bitconnect doesn't go down in 6 months I will get back my $5010 and will also have about 8k invested in altcoins.

Any thoughts (apart from "it's a pyramid and you will loose your investment")?  ;D

Peace

wish you all the best my friend because i even joined and heard about that kind of journey,
and in the end some of us get what we want but some people did not get it at all.
also in the next few months they will close it due to lack of interest.
plus your loan rate really killing me my friend  :D :D

Bitconnect is the one of the most corrupted and scammy platform to invest your bitcoins. I see that some of the person complaints that they was involved in the bitconnect trading scams.
If you have the enough money you will be able to invest your money in all time growth altcoins like Monero, zcash and Neo. These coins have the prominent growth in the difficulty market graph.

So I have $10k that I want to invest and am prepared to lose it all.
Now that cryptos are so high do I wait for a 20-30% correction in the market, if it ever comes?
Or do I get in at a 10% discount and hold for a few years.
I know for certain that if I buy eth and btc at todays price I will see them drop like a stone.

You hit the target and found the most perfectly driven scam project in crypto coins.
Thats really sad and there is nothing to do at this time.
Never put your money in crypto if you can handle losses.

If you guys wait for the next bitcoin fork 2x this November you will see bitcoin rise, so buy BTC a few weeks before the fork. Hold untill a few hours to fork time and then buy your alts. All will be in red and some will be down 20-30 percent. You could also hold the BTC and get the forked 2x coin then try and quickly buy alts when everyone else is doing it.

have fun.

I am fully aware that bitconnect has no trading bot in operation and that it's a question of When and not if it will collapse.
At the same time I think it will be around for a while as most folks get greedy and for the compound interest hook that ties their money long term.
That's why I am considering the 6 month tie in with $5k. And it I don't get it back I will still recuperate all if not more in the next 3 months.

well its better to wait if this things will go to its direction, i know bitconnect would be a gamble a big risk to take so instead of placing your money
into one investment better to split it out and try investing with your own hands, bitcoin and other crypto's will go as long as you understand the
risk and can handle it until you gain good profits.

I have no idea about Bitconnect, but it just keeps going higher and it goes up against BTC too which is important. Are the payments of these loans decentralized, or you need to trust a centralized website like for example Poloniex loans?

If you want to take high risk:high reward moves... Poswallet is an interesting bet. The price has bottomed and soon they will add upgrades which will be attractive for all PoS coin users, and ETH will go PoS eventually (not really sure when) but it will, and I think Poswallet could become a website where newbies can stake their coins without the annoyance of running their own full wallets. Therefore, I see a good use case for this coin, and if it fulfills its promise, it's definitely undervalued.

Would be better to buy $5k worth of BitConnect coins, with it's growth, I think it's a better investment and you can't be scammed.

be careful because bitconnect is a ponzi sheme and their model is not sustainable!

your investment will doubl every 6 months until their pyramidal construction burst!

Yep.. it looks like it to me upon further inspection. Just the typical "keep your money here and you will double your money in X time!!" also "bring your friends for extra money!!"
https://steemit.com/bitcoin/@jenny143/bitconnect-scam-with-proof

I hope that BitConnect has good lawyers, because if it goes wrong it could be pretty brutal. Im not here to claim 100% this is a scam because I don't know for sure, but anything that delivers returns, unless heavily regulated like stocks that deliver dividends... or completely decentralized so there's no point of exit scam risk.. should raise alarms.

To me bitconnect train has long left train station, why don't you invest small percentage in ethconnect or order good ico, then investing bitconnect,you know bitconnect is a pyramid scheme, it about getting to it collapse point.

Maybe I'm getting something wrong here, because I don't know bitconnect very well, but is it giving a loan there any safer or profitable, than making a loan on an exchange, like Poloniex for example? The rake you will be asking is nothing special, and you can easily get that in poloniex. I got rates around 2% already. It's hard, and I only saw them like that twice, and only close to forks, but 0.20% should be easy. So why do it in bitconnect?

what is suggested in this thread's title is not a good idea in my opinion, if your idea is that you've missed the crypto train and the answer is the urge to gamble, no no, Bitcoin has not matured yet and other crypto's haven't either. I have a lot of Bitcoin and Ether and I'm still buying more every week. Been doing that for a long time haha and I still like it because it's good to be here and alive

I think buying btc or eth at current prices is also a gamble.
If they fall 20+% I'm in.

How will you buy bitconnect? It is a ponzi scam. Do not buy this coin, search a little more and you will find out what this coin is.

everyone with 1/2 a brain knows this but it's still alive and growing

RISKY project, but HEY, no risk no FUN! ;D ;D ;D

EDIT: i did THE EXACT same thing, but with 110€ (i am on a low budget right now :P)

My friend. Take some good advice from well meaning folks here. Do not take this gamble. Everything in crypto is already a huge gamble as it is, no need to take an even bigger risk like this. Even if it is not a pyramid scheme, it is very likely in this climate that it cannot deliver the daily bonus for a long time.

You have NOT missed the crypto train. It is still in the station. Climb on board and take your time to learn.

Bitconnect is the worst investment that you can make, it is a ponzi/hyip or whatever you want to call it for. That coin will never stop being tradeable because it is already listed, but the program is a ponzi, there is no way to give more than 1% to the investors per day because it is not possible, not even warren buffet or mark suckerberg are able to make more than 1% a day with their investments and companies.
Make a good investment, not in that shitty platform in where you will lost all your funds.

This statement is funny. Looks like investors are aware that Bitconnect is a Ponzi and realize that it will blow up at some point.

I'd wish you good luck, and I kinda do, but that would include this scheme to go on for at least 6 months, sooo… ¯\_(ツ)_/¯

(To be honest, I didn't research it myself, but a lot of people I trust have called it out.)

You can't expect an alt coin not to go down within 6 months. Everything is at stake when it comes to crypto, the market is moving all the time and don't think that way.

I will not going to take a gamble to bitconnect, it's totally risky and it's a scam you have found on how you can earn through their system and that's nuts, no real market.

Why not just simply buy bitcoin and hold it for a long time that $5,000 can even go $6,000 - $10,000 in no time.

If you are still looking, I got perfect legit program that pays 1% daily. PM for more info if interested. Cheers.

You are probably looking for some negative trust, hashocean promised the same daily interest rate, even I promised other people the same deal. lol.
No program could give you the profit like Bitcoin, it's the most famous crypto, it has the widest exposure and you could dump hundreds of millions in a day without being worried about any crash. OP you made $5K between your first post and your third post here, if you send me $50 I will beg you in an official manner, in public.

Well program is about BTC, I can send you link so you can check it out. 100% Legit, only program that is compliant with SEC and big news coming often. Cheers.

i don't know anything about bitconnect and if you already read reviews about that, then you can trying to invest in bitconnect and i hope you can make your profit. but for me, i think its better to invest our money in btc, ethereum as we know the coins can increase more high than the price now so its worth to buy that coins. and if you considering to invest in the ico then you need to read about the details of the project so you can feel safe when you invest in the ico.

Personal advice, it's better to invest more in ethconnect as is something new and profits are almost sure and highd, but as it's new the risk that the devs disappear after the ico, is high

Scammy project, gonna fail in near future.

No advisable! Better off just picking cheap alts before they pump again. LISK is a good one, and pick some others that are lower than their ATH

Interesting to read that you are fully aware that bitconnect is a ponzi scheme but you're still willing to invest. If that's your decision then I'm not really sure what advice you are looking for but for your sake I wish you good luck and hope that bitconnect does not collapse before you recover your investment.

5k all  in walton chain. Thank me later.

Walton to $70 in a year. FTW!
Also like zcash, dash, monero. neo, litecoin and lisk.

I am not defending bitconnect but has anyone actually used their system (and got scammed)? everyone says fraud.....yet where is the proof.

It works at present. The scam part is that is will collapse sooner or later.

Never repeat same mistakes again. It is good to see that you understood your previous mistakes. Trade smartly and follow new tokens that promise  bright future.

First of all you haven't missed the train, its barely even taken off yet.  Secondly investing in the scam is definitely a gamble, so if you lose don't act surprised.