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Question: Is BitConnect A Scam?
Yes - 5 (55.6%)
No - 1 (11.1%)
I Do0nt Kow? - 1 (11.1%)
I Dont Care? - 0 (0%)
RUNNNNN - 2 (22.2%)
Its Worth A TRY!! - 0 (0%)
Total Voters: 9

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Author Topic: BITCONNECT - END THE DEBATE TOPIC!  (Read 447 times)
minerus
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August 13, 2017, 11:51:59 PM
 #1

I'm in the process of putting my money into this, I'm not putting more than Im willing to lose if it turns out to be a sham. I personally cant make sense of it, It seems like a complete pyramid scheme and will eventually implode. Lets see what you guys have to say about it?

Thank YOU! Huh Huh Huh Huh Huh Huh Huh Huh
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August 14, 2017, 02:08:56 AM
 #2

It's a complete pyramid scheme!  But I have a minimum invest in it as well.  LOL!  I'll loop back in 100 days and let everyone know if I broke even, lost out, or... I'll let you know how my lambo drives on some island that I own.

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August 14, 2017, 02:19:08 AM
 #3

I'm in the process of putting my money into this, I'm not putting more than Im willing to lose if it turns out to be a sham. I personally cant make sense of it, It seems like a complete pyramid scheme and will eventually implode. Lets see what you guys have to say about it?

Thank YOU! Huh Huh Huh Huh Huh Huh Huh Huh
If you can see the official thread of thr bitconnect then you will found that a negative trust has been putted at the account of the bitconnect .So here a type of a smell of scam seems looking small .
Here in my opinion this is totally money rotation , and every investment site will ran away after the big scam . But here the scheme of the site ie such that the chances of scamm will be lowered because thry are not giving the fix income , they are only giving the daily % earnings which can be even zero , so it all depends upon the investment of that is coming in the site .
So totally chances to scam are very less in the current time but still they will scam 100% in tue future which is truth of the all investment sites ( a big example is hashocean ) .


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August 14, 2017, 04:26:58 AM
 #4

I'm not gonna say if it's a scam for not, because there's no way for me to know for sure, but here's what I think: It's too good to be true. I mean come on, just look at it. Capital back from 120-299 days? There's only one way to achieve this, through a Ponzi scheme. No wonder alot of small-time crypto youtubers are advertising their bitconnect referral links right? And you know what happens when a Ponzi collapses? Yep. They run away with your deposits. You can always try depositing $100 just to try. As long as you're fine with losing that $100, then go ahead.


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August 14, 2017, 12:21:22 PM
 #5

It's a complete pyramid scheme!  But I have a minimum invest in it as well.  LOL!  I'll loop back in 100 days and let everyone know if I broke even, lost out, or... I'll let you know how my lambo drives on some island that I own.

If its too good to be true it probably is, But It doesn't mean I wont dabble in it! hahaha. You dont have too much longer to go. Good luck with the lambos!
Iranus
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August 14, 2017, 10:50:37 PM
 #6

You can always try depositing $100 just to try. As long as you're fine with losing that $100, then go ahead.
Do not do this.  Ponzi schemes are only profitable to their owners for as long as people continue to deposit money into them.  A completely obvious Ponzi scam should not still be getting enough investments to keep running several months down the line.

Most people on this thread claim to understand that it's a Ponzi scheme, but you do not understand why.  Here are the signs:

-Bitconnect's coin can only be bought on their own exchange from your Bitconnect account, plus a couple of small shady exchanges.
-Bitconnect is promising you an increase in cash value for a cryptocurrency.  A cryptocurrency is its own unit and the only thing which Bitconnect could actually promise you is an increase in the amount of Bitconnect coins that you own.
-Issues with "pending support requests"
-Running for a long time without any details of their investment activity
-Their domain is registered with NAMECHEAP, one of the only domain registrars to accept BTC as a payment method, and their whois information is anonymous.  They have no regulated company.

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August 15, 2017, 06:02:43 AM
 #7

bitcoinnect only wait to scam, same with edinar
if without new member join, bitcoinnect can scam

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August 16, 2017, 01:05:53 AM
 #8

it's a pure ponzi , and not even that attractive or profitable unless you have referrals so it doesn't even worth the try unless you want to recruit people and scam their commissions
not sure why people are talking so much about it , there are many better and safer opportunities  like lending in poloniex , investing in gambling sites , buying some pos coins and stake them .. etc

even yobit investbox is much more profitable and safer than bitconnect ( not legit since they gave no info about where the profits come from but the odds of scamming is the same odds of yobit shutting down their exchange and run away with the money ) all of the above are better and more profitable than bitconnect

but remember that there is no 100% safe investment 
 

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August 16, 2017, 08:19:53 AM
 #9


but remember that there is no 100% safe investment 
 

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August 17, 2017, 06:27:35 AM
 #10

I was also going to invest in Bitconnect a few days ago but then i changed my mind. I watched a youtube video which changed my perspective towards Bitconnect. At first i thought that even if Bitconnect doesnt make profit they will give zero interest and when they do make a profit they will give us the particular interest and so i was thinking to invest in it. But after watching the video i realized that bitconnect coin is only bought by people and not many people are selling it, thats why the price of bitconnect coin is keeping on increasing. I realized that when people dont buy the bitconnect coin the price stays still , which is quite obvious and when people will start selling bitconnect coin the price will drastically go down. If a there is a slight panic in the bitconnect market and if people sell their coins then thats the end of bitconnect then. So i backed off from it.

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August 17, 2017, 09:49:11 AM
 #11

I was also going to invest in Bitconnect a few days ago but then i changed my mind. I watched a youtube video which changed my perspective towards Bitconnect. At first i thought that even if Bitconnect doesnt make profit they will give zero interest and when they do make a profit they will give us the particular interest and so i was thinking to invest in it. But after watching the video i realized that bitconnect coin is only bought by people and not many people are selling it, thats why the price of bitconnect coin is keeping on increasing. I realized that when people dont buy the bitconnect coin the price stays still , which is quite obvious and when people will start selling bitconnect coin the price will drastically go down. If a there is a slight panic in the bitconnect market and if people sell their coins then thats the end of bitconnect then. So i backed off from it.

I understand why you fear in such a way because in the first place Bitconnect started as an investment company (the claim is that they are using their Bitcoin volatility software meaning they are into crypto trading as against plain Ponzi scheme where revenues are generated only from new members).

Now, when describing the activities of their coin (BCC) above, I am wondering is that not also true with other other coins in the market? And in that case we should be calling all the coins (hell even Bitcoin) available in the cryptocurrency market as all scams?  Please clarify your position.

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August 17, 2017, 10:37:06 AM
 #12

You have said it all since you are not investing more than what you can afford to lose.

I have been watching this project BCC from a distance especially their investment section; all i can say about it is that it look like an in - house investment and i do not know if an outsiders can participate and benefit from it successfully.
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August 17, 2017, 05:43:03 PM
 #13

bitcoinnect only wait to scam, same with edinar
if without new member join, bitcoinnect can scam
Sadly, there are still people who are fooled by pyramid schemes, it's obviously deceiving and our money just spins on the new members. I have experienced this, and will not be fooled again for the second time.
Investing in real business is more profitable and secure.

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