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RE: The BitConnect scam exposed
I dot think int's scam, and I can wait a few months to know I'm right, if it does turn out to be a scam then I can delete all my videos that talk about or link to Bitconnect. In the past I did the same for Genesis when so many comenters were calling it a scam, I deleted all the videos and restarted promoting it a few months later. I remember when steem was a scam, and when dash was a scam. Time will tell
Yes I remember that. I totally agree with you on this. When people don't try it or understand it they call it a scam. Just as they did With DASH, Genesis-Mining and Steemit.
There is no question BitConnect is a scam. It has all the characteristics. Early adopters to these scams who know when to get their funds out can realize those returns, but only at the expense of the principal of all the other suckers who put their money in afterwards. If you promoted this to your YouTube audience, then I'm calling that a misuse of your influence.
here is a steemit post about someone who loaned $1500, got it back, and made $842 in profit on the loan. https://steemit.com/bitconnect/@henry-gant/bitconnect-investing-before-i-wised-up-what-you-absolutely-have-to-know-to-gain-on-your-bitconnect-investment
And I won't be following that guy either. In fact, I will not follow anyone who promotes these types of "programs." Sure, they are allowed to exist, thanks to the industry not being burdensomely regulated--I get that. But anyone who promotes such schemes is displaying a profound ignorance of sound investment principles and quite possibly also a subconscious view of their audience as a thing to be parasitized.
lol, wow. You'd think after all the time you put on the platform you'd know the difference between a project that in no way requires you to put money up front to be able to earn cryptos between one that does.
That's why I've been negative towards you pushing referrals as if its your day time job. A project that requires new investors to place 100 usd up front and the ones referring gain a % of that is a huge red flag considering no other genuine cryptos allow that. To top it off your funds are locked for x amount of days. Genesis mining is different in this regard, but bitconnect started to remind me more and more of MLM scams like Onecoin.
How does you deleting all videos of bitconnect help the users you referred who may lose money on it while you have gained a % of the money they have put in?
the same thing that got me to do a $100 lean with bitconnect is the same force of nature that drives others to do it, so I am in the same boat as them, my subscribers hear me preach about personal responsibility everyday, no praise or blame games
right now I can upvote myself 40 times per day and earn about $30 worth of steem because I have 100,000 steem tokens locked up. I could lock up 20K in bitconnect for 120 days and get paid daily for that, but it has to be locked up in USD, whitch makes the payments higher. It's like saying I can lock up my steempower for 120 days as SBD and get paid for that
There is a difference between an open-source project and one that promises returns from a closed sourced trading bot. The numbers you see and receive on their site will mean nothing once they decide to shut it down and run with all the collected USD. While no one other than you has control of your Steemit account.
Sure, keep comparing the 2 though.
bitconnect would shut down if there is no demand for the bcc token, and with their referral program being so lucrative, the bcc token will have demand
Good Luck with that..
I agree with you, but -- how would one access their STEEM/STEEM Power if steemit.com went away?
Through other wallets and front-ends.