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[BitConnect]

Start: January 2017.
Paying: SCAM

 

[KingChango]

Well I guess the right question is,
Would people still invest with Bernie Madoff now if they knew in advance what was going on? Technically yes. If they knew the answer in advance, would give them the answer on when it would expire also.

Well I jumped in, I am fresh in it for 2 weeks, and if there is any interest I would gladly elaborate in the forum and share my experience with you all.

Up to now, I have invested quite a bit of time in crypto research and some of my savings ($590) to get going at a reasonable pace. And the returns are pretty much as advertised. A bit crazy but darn, I am able to withdraw the crypto unicorn powder out of my computer into some wallet or something.

I guess for a newb, making $45 in 2 weeks based on in initial of $170 on Oct28th. Then adding $420 on top, seems reasonable.

If only we could see the future.....
This is my all in, and again, let me know if anyone is interested.

Signup is free, there is no monthly fee, there's supposed to be a trading bot doing it's thing, and making my daily interest payments ON TIME.
If you care to check it out, "FREE" follow the link-
https://bitconnect.co/?ref=SASSgroup

Hollar at me if you care for screenshots, and or follow ups, on the progress, Im keeping records for my non crypto brain to be able to remember waddaheck I just did so yeah.

Best, KingChango

 

[overcast]

Looks like those stats are good for those who want to take risks. But it's something I can't take risks with. So on that note I'd say it'd be reasonable to consider that it'd surely fetch some really good output. I am not much into this type of the thing so not planning on investing there. But tell me is it legit. or is it like some sort of the HYIP or the investment program option? I would like to know for sure.

 

[Micheal joe]

it is good to invest in it its legit as its having registered office in different country ;its will legit for 5-10 year i guess;instead do trading manually ;thankx !!....

 

[Medowriter]

If the site has been on for a while, it worth giving a trier, though not with huge amount of money that can could frustrate you if the site turn out to scam.

 

[Lucky Bastard]

I just wanted to thank those that signed onto my Bitconnect team. https://bitconnect.co/?ref=skincheese
Here is proof of team

 

[Kambas]

I just wanted to thank those that signed onto my Bitconnect team. https://bitconnect.co/?ref=skincheese
Here is proof of team View attachment 5120

Hi
You have to be really careful with this company as it is a ponzi scheme, when people catch on as to what is going on here and how the system pays it's old members with new member money, it will collapse eventually. For now it's a very clever system because the people who "invest" give away their money straight back into the system in hopes to make back their initial investment within 100 days.

Do you have proof of payment from this company?

 

[mmmbeefy]

Hi
You have to be really careful with this company as it is a ponzi scheme, when people catch on as to what is going on here and how the system pays it's old members with new member money, it will collapse eventually.

I'm not saying it's not a ponzi, but what is the basis for your assertion that it is?

 

[Kambas]

I'm not saying it's not a ponzi, but what is the basis for your assertion that it is?

On the basis that as soon as there are no new investors the system will collapse. Perhaps they can hold out with that 1 Billion Dollar market but for how long?
On the basis that it has nothing to hold it up but constant promotion and flow of new investors who buy Bitcoin to exchange for Bitconnect to lend it out, hoping for a 1% return per day.
I'm not saying you cannot take advantage of the gravy train while it's running but we need to highlight the potential downside so people don't go throwing their life savings into this system.

I have seen this work for many people and have watched many videos on YouTube of great ROI...
Only I wonder if these are Bitconnect hirelings or genuine people sharing their experience.
I'm guessing it could be a mix of both?

If you keeping a close eye on this and know what you doing then by all means take advantage.

 

[Medowriter]

Once a program is HYIP it is fundamental that it will crash someday and definitely some will loose while some will gain, I even saw advertisement about this bitconect on facebook but I am still not motivated with it

 

[mmmbeefy]

On the basis that as soon as there are no new investors the system will collapse. Perhaps they can hold out with that 1 Billion Dollar market but for how long?
On the basis that it has nothing to hold it up but constant promotion and flow of new investors who buy Bitcoin to exchange for Bitconnect to lend it out, hoping for a 1% return per day.

Main point I'm making is that you (nor anyone) actually knows whether they are running a trading bot or not. It could be legit or not legit depending on this. The assumption that it's a ponzi is not backed by actual evidence.

I generally agree that nobody should be putting their life savings into anything with crypto. I wouldn't put more than 10% of your net worth into it, and even there, I would recommend putting at least 50% of that into Bitcoin and letting it sit/grow.

 

[Kambas]

The assumption that it's a ponzi is not backed by actual evidence.

It's not an assumption and here are some facts to support what I am trying to say;
https://steemit.com/bitconnect/@crypto-investor/the-bitconnect-whitepaper-maths-of-a-ponzi

 

[mmmbeefy]

It's not an assumption and here are some facts to support what I am trying to say;
https://steemit.com/bitconnect/@crypto-investor/the-bitconnect-whitepaper-maths-of-a-ponzi

If they're running a trading bot, they would be working with the same compounding. Traders normally reinvest most of their gains into increasing their trading pool. That's why you can't logically say it's a ponzi or that it's not a ponzi, because there isn't enough information either way.

The other assumption is that they don't have trading losses, when it's plausible they're merely smoothing the P&L curve by taking larger chunks during up days and then hitting 0% on down days. Again, don't know one way or the other on this.

 

[mmmbeefy]

It's not an assumption and here are some facts to support what I am trying to say;
https://steemit.com/bitconnect/@crypto-investor/the-bitconnect-whitepaper-maths-of-a-ponzi

Example:

If you put $10,000 into a trading platform and used Gunbot, and averaged 2% a day, and didn't withdraw any money/used your gains to trade, guess what your profit would be after 30 days? 60 days? 90 days? Do the math yourself so you can see.

 

[Medowriter]

Main point I'm making is that you (nor anyone) actually knows whether they are running a trading bot or not. It could be legit or not legit depending on this. The assumption that it's a ponzi is not backed by actual evidence.

I generally agree that nobody should be putting their life savings into anything with crypto. I wouldn't put more than 10% of your net worth into it, and even there, I would recommend putting at least 50% of that into Bitcoin and letting it sit/grow.

You have just said the basics facts about investments and that is why some sites will even advice to invest your spare money cos any thing can happen any time, it a game of win or loose

 

[ceecee]

Hi, Im new here. I have an account in bitconnect but i don't how to use it. Someone can teach me?

 

[Lucky Bastard]

Go onto youtube. There are some good videos on how to use bitconnect

 

[mrsimple]

It's not an assumption and here are some facts to support what I am trying to say;
https://steemit.com/bitconnect/@crypto-investor/the-bitconnect-whitepaper-maths-of-a-ponzi

they have meetings/conference/seminar . fb groups /bitconnectPhilippines/

 

[adamec213]

Hi guys! A few days ago, I found this amazing bitconnect community for referrals I have found a great website for referrals. They started 2 weeks ago and already have 188 active members with total active lending balance of over 300.000 http://bitconnect-referrals.com/adamec212

Once you add the sponsor to your bitconnect account, you will then be confirmed by that person and immediately placed into the queue so that you can get your referrals.

Here is a proof of how it's going so far

https://ibb.co/nmonhm

 

[Lucky Bastard]

Hi guys! A few days ago, I found this amazing bitconnect community for referrals I have found a great website for referrals. They started 2 weeks ago and already have 188 active members with total active lending balance of over 300.000 http://bitconnect-referrals.com/adamec212

Once you add the sponsor to your bitconnect account, you will then be confirmed by that person and immediately placed into the queue so that you can get your referrals.

Here is a proof of how it's going so far

https://ibb.co/nmonhm

If we are to sign up under adamec212 and you are adamec213 are you just showing us your direct referrals? Can you show us someone other than yourself that is getting referrals from your system. If this is not legit I will be reporting you to Bitconnect.

 

[adamec213]

It is not my system, I only signed up on that site like everybody else. As I already had a sponsor on my main account I created another one that is completely independent from my main one. You can go the the Bitconnect reddit forum and do your own research: https://www.reddit.com/r/Bitconnect/ The idea is basically that people who have no sponsor get one and they will become sponsors themselves. When you sign up on Bitconnect, you mostly either profit only from your own investment or have to do large affiliate marketing to sign people under you, but this platform does the job for you so that everybody gets a referral, not only the big players in the game