RE: BitConnect Scam??? Day 38 Results
I only wish it didnt have a "minimum" limit to start "loaning" and I only bought 1 half a bitconnect...when bitconeect was $10
it hasnt perfoormed very well, its barely the same price...and I refused to put $100 because if its a REAL system it should allow you to start with only $1 !!!! or less!!!! like steemit!
but nope it wont even let me withdrawl bitcoin i have in that wallet because its not .0005 when most wallets are .0001 if someone could plase send me some bitconnect so i could actualy withdrawl I would be less suspicious
But It should just admit it is another sidechain crypto currency altcoin that has some sort of trading bot...doesnt ake any sense.....it is on cooinmarketcap in the top 100 r so crypto currencies so if it keeps adding markketcap it will just grow BUT I feel I should ave makde some money with the PRICE of bitconnect! But it asnt gone up at all! its stayed flat is this ecause they selll their bitconnect for bitcons as the marketcap grows? its around $15 now but if i would have put that $five dollars i invested into bitconect to purchase a half a bitconect, ito let ssay. Siacoin or Potcooin ro Bytecooin, i could have made a real profit! instead i basicaly bought bitconct at ten dollars and now its fifteen dollars....and i only had enough to biy a half a bitconect
bitconnect offred NOTHING for me and others who only had enough to buy 1 bitconnect
if bitconnect was legit someone wiith extra bitconnect would have already sent me $100 in bitconnect so i could have started loaning it out, and i would have been able to pay the personback who gave me some bitconnect but nope
I wish someone could just send me some bitconnect so i would have enough to actualy do something! I cant even withdrawl it, thats how u know somethng is TERRIBLE wrong when you can deposit bitcoin and buybitconnect but youre not allowed to sell that amount of bitconnect for bitcoin and wtdrawl that bitcin because its not enough????
I wish bitconnect would have tokd me i needed at least $100 to start "loaning" or "investing" or whatever they wana call it.....
if this was legit someone would have sent me $100 in bitconnect so i can start whatever t is tat bitconnect does when you have at least $100!
Anyway, I feel like steemit would have been a MUCH better use of money invested into bitconnect! steempower is a GREAT investment! I mean honestly i was laughedat when I told peopel to buy siacoin and now everyone wants siacoinand people are even willing to pay hundreds of dollars to gain entry into teh siacooin CLoud Storage system where you canget paid in valuable siacoins (bitcoins) to simply rent out a few extra terabyte hard ddrives!!! People LOVE this idea! and once we have blocchain VPPN systems liek Mystereium youll also be able to monetize your extra BANDWITDH as now we have the ability to monetize extra CPU power with bitcoin/altcoin mining
(minergate use this link, download and start mining ttally for fre, and can accumulate altcins! https://minergate.com/a/d582a3e158500d130a38afed u will NOT regret it! I make multiple bytecooins a day sometimes aas many as EIGHT bytecoins a day with minergate on an old 2009 laptop! so if yoou have a fast compter youll be making a few cents a DAY of ethereum and if you can install this app on like al your friends an families computers and laptops an smartphones and tablets yoll be making a few bucks a day mining altcins! it accumulates fast! and bytecoins are about a penny now and soon wil be prth $1 and $10 and beyond! bytecoin is an ANONYMOUS versiionof bitcoin growing rapidly but still new enough for you to mine on your own existing hardware!
anyway now u can sell extra CPU and GPU procesiing power with miinergate and bitcoin/altcoin mining, you cansell your free HardDrive storage space with SIacoin, and youll be able to sell your extra BANDWITDH your not using with MYSTEREUM blockchain VPN! THOSE tokens will be HUGE in the ICO! peopel will LOVE the idea opf being able to PAY for COMPLETE anonymous browsing! darkeny drug dealers flush with cash will now have a way to SPEND MONEY on anoonymity and basicly allow people to PAY their way into internet safety and onlien drg dealing WITHOUT ever gettingc aght! we can mitigate thre risks! we can create secret drone delivery neteokrs for LOCAL drug dealer to be able to accept bitcoin and deliver and buy drugs anynomously to people in their own neigbrohoods!
Thanks for sharing @ackza
Sorry to hear BitConnect wasn't what you expected. From what I've seen so far, BCC coins are mostly used to make the actual loan and profits are paid in USD then you transfer to BCC or BTC to withdraw. (If anybody has a bit more info please share!) I haven't had a problem withdrawing BTC yet. I want to help you out since you asked if someone can send you some BCC...wish I could help you out with the $100 but, I don't know many people here that would actually loan that much with no guarantees of getting it back. :)
i can do one of two...I'll send you $5 in either BCC or Steem...Your choice!!!
So far, my experience with BitConnect hasn't been bad. Are there ways to gain higher profits??...YES of course!
What I'm liking about Bitconnect is that I get to cash out my daily profits and I will more than double my money at the end of loan term plus I can take my profits and buy more BTC, altcoins, etc. (again, is it the most profitable?...No!) All of us here pretty much know this but, that doesn't make it a scam. There are millions of people outside of the crypto space that believe ALL CRYPTOS ARE A SCAM...are they?
The point of me making the $100 loan is to prove that in fact BitConnect is a scam and I can't prove it unless I get my feet wet...just how I got my feet wet in the beginning investing into Cryptocurrencies.
If BitConnect turns out to be a scam I'll be the first one to let EVERYONE know!!!
Thanks again @ackza...don't forget to post your BCC address or let me know if you prefer Steem.....STEEM ON!!!!
My initial first reaction was that it was a definite Ponzi, but after looking at it more, I'm thinking it is unclear whether it is or not. There are definitely ways the system could payout, my current theory is that it's paid out of the company retained tokens that are appreciating in value due to the constrained market. Just look at the 1 year price chart, that has very little open market volatility you see with other coins, just a very regular price growth. So if the tokens were more widely traded on exchanges it could dilute it's pay out power. I don't think there is an actual bot trading volatility, but just a metaphor for it's undisclosed method of paying out profit. I cringe when people call it 'lending', because really time locked investing, more like a very high yield certificate of deposit (CD). So it's lending if you consider buying bonds or CDs lending! So I'm in for a certain amount, and will pull my original investment out after 3 month of payments, so it's a free ride of profits after that! But keep in mind it's not real until you pull it out of the system, so be sure to take a portion of your profits out in fiat, and don't reinvest EVERYTHING! I don't know if this is sustainable for long term or not, so I will be removing profits at regular intervals and if it is sustainable great. So my only risk is that it will die before the 3 months that I can pull my original investment out, which is possible, but I figure it could have longer than that to run.