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+--- Thread: Once more, warning about Bitconnect, Several warning signs (/showthread.php?tid=5722461)
Once more, warning about Bitconnect, Several warning signs - Rake - Sep 21, 2017
It makes me lose faith when I see other members creating threads about their Bitconnect investments.
Here's 4 BIG Reasons I think they will scam / shut down within the new few months .
1 . Unsustainable Daily Returns
To put in prespective, A $40,000 Investment in Bitconnect will turn into 18Billion Dollars...In just 4 years.
1% daily returns or whatever the fuck their "Software Volatility Index" spits out, is just simply not sustainable.
2. Losing Momentum
Bitconnect will only stay open as long as they continue to make profits.
Looking at the coin itself on Coinmarketcap, it gives you sort of an idea on the ammount of buying power of new investors there are. When it was on a massive run it was a great idea to get in the HYIP, still a gamble, but a lot less risky then now.
The coin has topped out and begun to drop the past weeks, clearly losing momentum as less people come into the site.
3. Hidden Owners
Owners of bitconnect remain 100% anonymous, even with booths at popular Crypto events, no pictures of the owners / founders in the booth.
Any legitimate project / most legitimate crypto projects do have public owners or people that work on the project at the VERY least.
This is a big red flag for me, espically with the claims bitconnect makes.
4. Trading bot? What the fuck
I dont think any trading bot is capable to never take any losses like Bitconnects apparently does, and bring you 1% daily ROI Consistantly.
Why have they not shown pictures of the servers running these thousands of "trading bots" or at the very least go into the algorithm they use / more in DEPTH about it.
I know to a lot of you this post may seem obvious, but to a lot of members some just don't get it, what Bitconnect really is.
* - Mudhoney - Sep 21, 2017
Thanks for this. Some people just don't get it yet :)
* - Ravioli - Sep 21, 2017
yeah idk why people are even talking about this scam, just don't fucking get involved with it.
* - Mudhoney - Sep 21, 2017
(Sep 21, 2017 10:19 PM)Altcount Wrote: ...................................
mhm, okay i see your point ty
* - OregonWeed - Sep 21, 2017
Yeah but I think they got enough millions to run for a few more years at leased.
* - Ravioli - Sep 21, 2017
(Sep 21, 2017 08:52 PM)$trat Wrote: A $40,000 Investment in Bitconnect will turn into 18Billion Dollars...In just 4 years.
(Sep 21, 2017 10:25 PM)OregonWeed Wrote: millionsgood joke my guy
Spoiler (Click to View)
* - Siddharthz1 - Sep 21, 2017
I know people who are making a shit load of money in Bitconnect. Their sources say it will run atleast for another couple of years (being the minimum).
Also, they do not have daily interest payments, for quite a few days the payout is 0%
* - Leroy Jethro Gibbs - Sep 21, 2017
This is kinda concerning since I am currently building a website for a dude dedicated to the discussion of bitconnect.
* - Rake - Sep 22, 2017
(Sep 21, 2017 10:25 PM)OregonWeed Wrote: Yeah but I think they got enough millions to run for a few more years at leased.
Yeah a few years and my 40 grand turns to billions.
Not sustainable
I call max 3 months before they exit scam