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samsonn25
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November 04, 2017, 10:25:02 PM |
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Control-finance, Bidpetite, Elektracoin, Hextraoin, Westerncoin, Ethconnect, Bitbase, will all go before that
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Gleb Gamow
In memoriam
VIP
Legendary
 Offline
Activity: 1428
Merit: 1145
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November 04, 2017, 11:30:32 PM |
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Another thing that people who are not involved in Bitconnect is that it is actually a fail proof system for the most part. Look at the graphs, Bitconnect is simply piggybacking Bitcoin at slightly lower interest payouts. Their fail proof system is that the platform can not have a huge dumpoff of coins or loans due to the way it is setup. When everyone thinks of Ponzi they think of Madoff. This is impossible to do because each loan has its own maturity date and that maturity date is different for different loan amounts. Bitconnect could only lose around 10% max of its total platform due to the way it is setup. Believe me BCC will be around for as long as the BTC unless the people behind Bitconnect decide to bail, Bitcoin fails, or the feds knock their doors down and shutdown the program. End of story. Invest in what you want and I'll invest in what I want. And in all honesty PLEASE someone tell me what is a 100% guarantee in the cryptocurrency market, the BTC is the closest thing and thats not even a slam dunk. PLEASE PLEASE PLEASE. Every Coin, Token, ICO they are all a crap shoot.
There's your answer. They WILL bail. Its just a matter of when. I think its likely to be one of two things that trigger an exit: 1. Bitcoin price correction. If BTC loses 10%+ quickly, I think they'll be out the door as the withdrawals will require more BTC to be paid. 2. After they receive deposits for the BCC Pay card. They are asking for people to deposit onto the cards BEFORE they are sent out! This is the last cash grab before the best disappearing act the crypto world has ever seen. Once they are gone, all the shills and promoters will be asking themselves what happened. And they'll start to realise, NONE of them even know who got all that Bitcoin. They will then tell their followers how investing is risky and that sometimes things go bad - too bad! The followers will lose everything and the promoters get to keep their referral bonuses. Scum of the earth! I'd say they'll stay online to at least the forking, then the fucking really begins. |
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bambarmia
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November 04, 2017, 11:38:09 PM
Last edit: November 05, 2017, 12:11:33 AM by bambarmia |
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Control-finance, Bidpetite, Elektracoin, Hextraoin, Westerncoin, Ethconnect, Bitbase, will all go before that
Do you remember Satoshi"s quote: Decentralized = Better? I think the opposite, Decentralized = Holly grail for scammers. No regulations for scammy ICO's, that are grabbing millions and delivering nothing, no regulations for obvious crypto ponzi scams, no regulations for non stop, scammy bitcoin forks that are designed only to enrich their creators. That bitconnect motherfuckers, will run away with hundreds of million dollars and it will be really hard to catch them. After the crash of bitconnect they will start a new ponzi crypto scam and I bet 1 BTC, that those people who will loose all their money with bitconect, will invest in their new ponzi scam without any doubts. That's how greediness and stupidity of people, will make scammers rich. Forex and binary options scams are in the past, now there is a new good opportunity for scammers called decentralized crypto world! |
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dumbboies81
Newbie
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Activity: 52
Merit: 0
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November 04, 2017, 11:41:34 PM |
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this coin is very good i love to find the greater fools  thank you greater fool hehehe  |
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MJMJ
Newbie
Offline
Activity: 42
Merit: 0
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November 05, 2017, 12:23:48 AM |
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Control-finance, Bidpetite, Elektracoin, Hextraoin, Westerncoin, Ethconnect, Bitbase, will all go before that
Do you remember Satoshi"s quote: Decentralized = Better? I think the opposite, Decentralized = Holly grail for scammers. No regulations for scammy ICO's, that are grabbing millions and delivering nothing, no regulations for obvious crypto ponzi scams, no regulations for non stop, scammy bitcoin forks that are designed only to enrich their creators. That bitconnect motherfuckers, will run away with hundreds of million dollars and it will be really hard to catch them. After the crash of bitconnect they will start a new ponzi crypto scam and I bet 1 BTC, that those people who will loose all their money with bitconect, will invest in their new ponzi scam without any doubts. That's how greediness and stupidity of people, will make scammers rich. Forex and binary options scams are in the past, now there is a new good opportunity for scammers called decentralized crypto world! You do realise most of the things you quoted are not decentralised? Just because something has a cryptocurrency doesn't mean it's decentralised. Bitconnect is heavily centralised, control finance wasn't even a cryptocurrency, and the others are carbon copies of bitconnect. A heavily pre-mined coin with 90% of the volume on their own exchange that they freeze if the price moves too far and tie up much of investors funds up in loans not in the investors control. That is not decentralised. It's actually brilliantly structured if it is a scam, though I suspect that was more out of luck than design. There are many scammy ICOs but most of them are not decentralised as they start with a huge pre-mine and have few if any developers. You're absolutely right, it's a scammers paradise, but that's got little to do with decentralisation. |
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bambarmia
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November 05, 2017, 12:50:38 AM |
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It's actually brilliantly structured if it is a scam
There is no IF. It is a scam! There are many scammy ICOs but most of them are not decentralised
All of them are "Decentralized", non regulated and scammy. That's why, all ICO's are banned in Chine and in US. (EU countries to follow very soon) |
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longshort
Member
Offline
Activity: 92
Merit: 10
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November 05, 2017, 12:51:07 AM |
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Control-finance, Bidpetite, Elektracoin, Hextraoin, Westerncoin, Ethconnect, Bitbase, will all go before that
Do you remember Satoshi"s quote: Decentralized = Better? I think the opposite, Decentralized = Holly grail for scammers. No regulations for scammy ICO's, that are grabbing millions and delivering nothing, no regulations for obvious crypto ponzi scams, no regulations for non stop, scammy bitcoin forks that are designed only to enrich their creators. That bitconnect motherfuckers, will run away with hundreds of million dollars and it will be really hard to catch them. After the crash of bitconnect they will start a new ponzi crypto scam and I bet 1 BTC, that those people who will loose all their money with bitconect, will invest in their new ponzi scam without any doubts. That's how greediness and stupidity of people, will make scammers rich. Forex and binary options scams are in the past, now there is a new good opportunity for scammers called decentralized crypto world! You do realise most of the things you quoted are not decentralised? Just because something has a cryptocurrency doesn't mean it's decentralised. Bitconnect is heavily centralised, control finance wasn't even a cryptocurrency, and the others are carbon copies of bitconnect. A heavily pre-mined coin with 90% of the volume on their own exchange that they freeze if the price moves too far and tie up much of investors funds up in loans not in the investors control. That is not decentralised. It's actually brilliantly structured if it is a scam, though I suspect that was more out of luck than design. There are many scammy ICOs but most of them are not decentralised as they start with a huge pre-mine and have few if any developers. You're absolutely right, it's a scammers paradise, but that's got little to do with decentralisation. Exactly. Most BCC investors don't understand how they are putting their money into a centralised organisation with monumental control over token pricing and also storing all the wealth outside the control of the people. This lesson will come as a crushing blow when the day comes that they cant log on to the website. Samsonn25, you are correct that the people will throw away more money into other scams. Just look at all the morons that lost money in Bitpetite! They're already pouring money into Bitconnect and Ethconnect! Some of these people are beyond help but we need to educate other newbies before they get sucked in. |
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longshort
Member
Offline
Activity: 92
Merit: 10
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November 05, 2017, 03:57:40 AM |
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You are correct that I have made this account to expose Bitconnect. Doesn't make me wrong. Unfortunately I am not MJMJ, although I do agree with him. I do not make money from this. Purely trying to save naive investors from throwing their money away. Some of them cannot be saved though  |
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samsonn25
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November 05, 2017, 04:24:12 AM |
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Control-finance, Bidpetite, Elektracoin, Hextraoin, Westerncoin, Ethconnect, Bitbase, will all go before that
Do you remember Satoshi"s quote: Decentralized = Better? I think the opposite, Decentralized = Holly grail for scammers. No regulations for scammy ICO's, that are grabbing millions and delivering nothing, no regulations for obvious crypto ponzi scams, no regulations for non stop, scammy bitcoin forks that are designed only to enrich their creators. That bitconnect motherfuckers, will run away with hundreds of million dollars and it will be really hard to catch them. After the crash of bitconnect they will start a new ponzi crypto scam and I bet 1 BTC, that those people who will loose all their money with bitconect, will invest in their new ponzi scam without any doubts. That's how greediness and stupidity of people, will make scammers rich. Forex and binary options scams are in the past, now there is a new good opportunity for scammers called decentralized crypto world! You do realise most of the things you quoted are not decentralised? Just because something has a cryptocurrency doesn't mean it's decentralised. Bitconnect is heavily centralised, control finance wasn't even a cryptocurrency, and the others are carbon copies of bitconnect. A heavily pre-mined coin with 90% of the volume on their own exchange that they freeze if the price moves too far and tie up much of investors funds up in loans not in the investors control. That is not decentralised. It's actually brilliantly structured if it is a scam, though I suspect that was more out of luck than design. There are many scammy ICOs but most of them are not decentralised as they start with a huge pre-mine and have few if any developers. You're absolutely right, it's a scammers paradise, but that's got little to do with decentralisation. Exactly. Most BCC investors don't understand how they are putting their money into a centralised organisation with monumental control over token pricing and also storing all the wealth outside the control of the people. This lesson will come as a crushing blow when the day comes that they cant log on to the website. Samsonn25, you are correct that the people will throw away more money into other scams. Just look at all the morons that lost money in Bitpetite! They're already pouring money into Bitconnect and Ethconnect! Some of these people are beyond help but we need to educate other newbies before they get sucked in. Its like the Wild West out here right now, They need more reputable ESCROW services to act as middle men |
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rudystyle
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November 05, 2017, 09:18:04 AM |
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Another thing that people who are not involved in Bitconnect is that it is actually a fail proof system for the most part. Look at the graphs, Bitconnect is simply piggybacking Bitcoin at slightly lower interest payouts. Their fail proof system is that the platform can not have a huge dumpoff of coins or loans due to the way it is setup. When everyone thinks of Ponzi they think of Madoff. This is impossible to do because each loan has its own maturity date and that maturity date is different for different loan amounts. Bitconnect could only lose around 10% max of its total platform due to the way it is setup. Believe me BCC will be around for as long as the BTC unless the people behind Bitconnect decide to bail, Bitcoin fails, or the feds knock their doors down and shutdown the program. End of story. Invest in what you want and I'll invest in what I want. And in all honesty PLEASE someone tell me what is a 100% guarantee in the cryptocurrency market, the BTC is the closest thing and thats not even a slam dunk. PLEASE PLEASE PLEASE. Every Coin, Token, ICO they are all a crap shoot.
FEDS: Feds, open up! We know what you're doin' in there. You're runnin' a legit crypto thingy and we want in. PLEASE! We'll give you a donut. Your attempt on jokes are getting stale. Same jokes on the same theme for a year |
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MJMJ
Newbie
Offline
Activity: 42
Merit: 0
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November 05, 2017, 12:15:40 PM |
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It's actually brilliantly structured if it is a scam
There is no IF. It is a scam! There are many scammy ICOs but most of them are not decentralised
All of them are "Decentralized", non regulated and scammy. That's why, all ICO's are banned in Chine and in US. (EU countries to follow very soon) I agree with you, except for saying it's decentralised. Bitconnect is not decentralised and neither are those other scams you mention. It doesn't have to be a government for it to be centralised, it just means either 1 entity or a small number of entities control it. |
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MJMJ
Newbie
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Activity: 42
Merit: 0
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November 05, 2017, 12:23:06 PM |
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Have you actually read my posts? Not a single one of my posts is promoting bitconnect. If you look at my post history you will see me pointing out several times how it is not sustainable. You think bitconnect are paying me to point out the flaws in their system? lol |
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legendx87
Newbie
Offline
Activity: 21
Merit: 0
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November 05, 2017, 12:27:08 PM |
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WHY Bitconnect UP DOWN WITH BTC ONLY ?
WHY INVESTMENT FROM MARKETS IS LOW ?
WHY THIS COIN NOT ADD TO BITTREX AND POLONIEX ? |
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free-bit.co.in
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November 05, 2017, 12:37:44 PM |
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WHY Bitconnect UP DOWN WITH BTC ONLY ?
WHY INVESTMENT FROM MARKETS IS LOW ?
WHY THIS COIN NOT ADD TO BITTREX AND POLONIEX ? Because Bitconnect is a ponzi scheme, so the bigger exchanges stay away from it otherwise they would already add it.Also, 90% of the trading volume is done on BCC site.. |
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vickigoh
Member
Offline
Activity: 151
Merit: 10
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November 05, 2017, 12:46:35 PM |
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WHY Bitconnect UP DOWN WITH BTC ONLY ?
WHY INVESTMENT FROM MARKETS IS LOW ?
WHY THIS COIN NOT ADD TO BITTREX AND POLONIEX ? Because Bitconnect is a ponzi scheme, so the bigger exchanges stay away from it otherwise they would already add it.Also, 90% of the trading volume is done on BCC site.. But recently it listed on on HitBTc? Is that a big exchange? |
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free-bit.co.in
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November 05, 2017, 01:28:59 PM |
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WHY Bitconnect UP DOWN WITH BTC ONLY ?
WHY INVESTMENT FROM MARKETS IS LOW ?
WHY THIS COIN NOT ADD TO BITTREX AND POLONIEX ? Because Bitconnect is a ponzi scheme, so the bigger exchanges stay away from it otherwise they would already add it.Also, 90% of the trading volume is done on BCC site.. But recently it listed on on HitBTc? Is that a big exchange? HITbtc is operating under shell companies and I wouldn't trust them at all, if you ask me...Owners are unknown..and so on.. Atleast for Bittrex and Poloniex we know who the owners are, but they have their own problems,too.. |
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Thebestis7950
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November 05, 2017, 01:32:49 PM |
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suckers
bitpetite folded this week and stole 100k BTC
it wont be long before BCC folds and steals all your BTC
dont cry afterwards you werent warned
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AQ16LcTPQcYXH9BhQTQfVDe7JtYNwdDaXj
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vickigoh
Member
Offline
Activity: 151
Merit: 10
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November 05, 2017, 01:42:16 PM |
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suckers
bitpetite folded this week and stole 100k BTC
it wont be long before BCC folds and steals all your BTC
dont cry afterwards you werent warned
Does bitpetite tie to any coin? |
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TheCryptoWhisperer
Newbie
Offline
Activity: 47
Merit: 0
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November 05, 2017, 04:36:08 PM |
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suckers
bitpetite folded this week and stole 100k BTC
it wont be long before BCC folds and steals all your BTC
dont cry afterwards you werent warned
Yeah, that should be a warning. Bitconnect is a ponzi, you will make money until: - they run out of new users - they run out of BTC to pay existing users And both of these reasons are connected. People saying "it works!" are right, it does work... until it doesn't... and then your funds are gone... You won't be the first, won't be the last... |
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