Topic: BITCONNECT the most massive crypto ponzi scheme ever??? - page 2. (Read 1466 times)
This one is so polarizing and interesting. I'm VERY suspicious of BCC so I'm not advocating for it, but here are my thoughts. I'm using Gunbot for automatic trading and still learning... but so far I'm earning about .5 to 1% a day on average. So I believe it's quite possible to earn 1% a day in bot trading; especially if they have statisticians and experienced traders on their payroll. Also, and this just occurred to me the other day, they have full control over one side of the equation. I wonder if they're auto-trading BCC to BTC on Nova and controlling the supply side of BCC. This could dramatically improve their profitability (at the expense of other traders.)
good article its make sense
https://steemit.com/scam/@thegrinder/the-bitconnect-scam-exposed
any old member want to commend about this bcc?? legendary or hero member here???
https://steemit.com/scam/@thegrinder/the-bitconnect-scam-exposed
any old member want to commend about this bcc?? legendary or hero member here???
I'm getting the feeling that a lot of people know it's a ponzi and are just trying to game the system before it collapses. Not very ethical, but I guess if you can live with victimizing someone you're just like all the cryptohackers and scammers out there. Control Finance was one of the other big ponzis that underwent a major exit scam recently. Bitconnect will probably just close it's doors someday as well, leaving most people with empty promises.
Anyone here actually took any real money out of it, or are you guys just watching the numbers going up?
Def a ponzi scheme. I'm staying very far away from it. It will probably stay strong for a while longer until it completely plummets one day...
Probably a Ponzi but a very clever one. I took the risk recently though and so far it has been working like intended. As far as I understand it has started only in the beginning of 2017, I think it will continue at least for another year until it collapses.
Def a ponzi scheme. I'm staying very far away from it. It will probably stay strong for a while longer until it completely plummets one day...
I don't care, it made me a profit. Most of the coins are scams anyway, it will take you a couple of years to realize that when they are out of the money....you know the same thing that will happen to bitconnect.
Yes, Bitconnect in the biggest ponzi in th world.
Bitconnect use lending for pay interest on other lending, or in other word is a ponzi: in a few time, when "investors" will try to withdraw their money, bitconnect will collapse. Stay tuned, this will happen soonest as you think.
Bitconnect use lending for pay interest on other lending, or in other word is a ponzi: in a few time, when "investors" will try to withdraw their money, bitconnect will collapse. Stay tuned, this will happen soonest as you think.
I recently ran across Bitconnect today for the first time. Looking at their meteoric rise prompted me to investigate. It looks like everyone is making money. Everyone loves it. There is a network effect and more and more people are jumping in. While this looks great, there are some major fundamental problems:
Who is Satao Nakamoto? What a name, just like Satoshi Nakamoto, you'll never know who he truly is. He is apparently the lead developer of this platform, yet we have next to nothing on him. Not even a LinkedIn profile or even a photo of him on his Facebook. Who are the other developers?
Where is the whitepaper? Is it so proprietary that it can't be released?
Where is the money everyone is making coming from? Supposedly you make money by staking it with a "volatility bot" that makes money through some sort of algorithmic trading program. Where is the volatility program arbitraging its earnings from? What exchange is it trading on? The money everyone is making has to come from somewhere and it's coming from the new investors.
How is there never a loss? You make money every single day, there's never a day where you lose money. This is literally impossible. If it sounds too good to be true, it is.
Why do they need their own coin? You don't need a coin to run a trading bot. Is it so you could attract new buyers with a rising price?
If you are judging other people's or your own gains as proof of it's legitimacy, you don't even know what a ponzi scheme is.
I use to watch the show American Greed on CNBC and there were many ponzi schemes just like this one that stole millions or even billions by promising very high risk free returns and that is exactly what this is. It has a very well put together and functional website, which only reinforces the network effect and appearance of authenticity. This is a very well put together ponzi, one of the best I've ever seen.
With all these ICOs going on and no one paying attention, it's easy for something like this to roll on. The thing about ponzis is they survive as long as more and more people are willing to put money into it. Bernie Madoff ran a billions of dollar ponzi for years without getting caught.
Please correct me if I'm saying something wrong. Otherwise, get your money out!
Here's some further research:
https://steemit.com/scam/@thegrinder/the-bitconnect-scam-exposed
https://www.facebook.com/profile.php?id=100010892495970
https://en.wikipedia.org/wiki/Bernard_Madoff
https://en.wikipedia.org/wiki/Ponzi_scheme
http://www.hyipscope.org/?a=details&lid=6844 - "40% a month with no risk".....come on, now you're just admitting you're a ponzi
Who is Satao Nakamoto? What a name, just like Satoshi Nakamoto, you'll never know who he truly is. He is apparently the lead developer of this platform, yet we have next to nothing on him. Not even a LinkedIn profile or even a photo of him on his Facebook. Who are the other developers?
Where is the whitepaper? Is it so proprietary that it can't be released?
Where is the money everyone is making coming from? Supposedly you make money by staking it with a "volatility bot" that makes money through some sort of algorithmic trading program. Where is the volatility program arbitraging its earnings from? What exchange is it trading on? The money everyone is making has to come from somewhere and it's coming from the new investors.
How is there never a loss? You make money every single day, there's never a day where you lose money. This is literally impossible. If it sounds too good to be true, it is.
Why do they need their own coin? You don't need a coin to run a trading bot. Is it so you could attract new buyers with a rising price?
If you are judging other people's or your own gains as proof of it's legitimacy, you don't even know what a ponzi scheme is.
I use to watch the show American Greed on CNBC and there were many ponzi schemes just like this one that stole millions or even billions by promising very high risk free returns and that is exactly what this is. It has a very well put together and functional website, which only reinforces the network effect and appearance of authenticity. This is a very well put together ponzi, one of the best I've ever seen.
With all these ICOs going on and no one paying attention, it's easy for something like this to roll on. The thing about ponzis is they survive as long as more and more people are willing to put money into it. Bernie Madoff ran a billions of dollar ponzi for years without getting caught.
Please correct me if I'm saying something wrong. Otherwise, get your money out!
Here's some further research:
https://steemit.com/scam/@thegrinder/the-bitconnect-scam-exposed
https://www.facebook.com/profile.php?id=100010892495970
https://en.wikipedia.org/wiki/Bernard_Madoff
https://en.wikipedia.org/wiki/Ponzi_scheme
http://www.hyipscope.org/?a=details&lid=6844 - "40% a month with no risk".....come on, now you're just admitting you're a ponzi
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