@jimbojones and everybody who invested in this bot, how can you trust them?
I just checked the website and there's no contact information, no team information so there's a possibility that they decide to run away with people's money. They can just simply disappear on you guys like what Bitpetite did.
Please be careful and let me know if you have any information that makes you trust them.
Best of luck,
@hananova
Good question @hananova :)
You can't :)
Don't trust anyone with your bitcoin.
Even if they had contact information, MT GOX did too ;)
But i treat this like gambling, and i do like to gamble :)
For in life, there is no great reward, without great risk.
Often i will chuck 50 bucks in the pokies.. the odds of winning something are probably about 1:10 give or take.
I give this system about 50/50 of making me money - It can either pay, or run away with my money.
The payout could be 10X what i invest, or even more with the rising price of bitcoin.
So i am willing to throw in 50 or 100 bucks and give it a whirl.
I think that's how people should look at these systems. It's a real shame when people get greedy and start throwing in huge amounts of money they can't afford to lose, or start borrowing and getting mortgages etc.
Me personally, i think these online investment platforms have huge potential, we are just in the wild west days of scams, shams and flim flams.
My prediction is in the next 2 years we will see an influx of legitimate investment systems run on smart contracts or run by reputable companies, and a new multi billion dollar industry will be born :)
I see, yeah we should be careful, it is good to warn people especially those who're new to Crypto because they might get so excited and then get burned.
Thanks for your explanation
Btw i really don't like those HYIP sites. They are just ponzi schemes..
https://steemit.com/bitcoin/@jimbojones/hyip-high-yeild-investment-programs-what-are-they
I am trying to find real investments like ICOs, POS coins etc
They need to be based on real products and services.
Bitpetite tried to say it was, although no one was using the money jumbling service i would presume.
Yeah, imagine if they collapse.. people holding these coins will be left with big bags of zeros