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  1. #1
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    Bitconnect investments thoughs

    Hey

    So I invested around 12000$ in bitconnect around 3 weeks ago.


    So far I got 3000$ back in 3 weeks, the website has been up for around 2 years, and the average return of the past year is almost 1% per day, so you usually get the investment back within 100 days.

    They have a market cap of almost 1 billion

    [Removed]

    With the insane amount of people investing in it currently, I would probably give it another 6-12months before it collapse or around that, thats my though at least.



    Has anyone else invested in bitconnect? if so what are your though about the legitimacy of it?




    Also I am not really advertising for that website, it's just that I invested in it 3 weeks ago and already got so much back, and also I am not 100% sure when the site will collapse. It's really like gambling, if it collapse in 1-2 years and you invest something and keep withdrawing from that single investment, you will make alot, likewise if it collapse in less than 100 days which will mean you will most likely lose everything.

    Last edited by Taki; 1 Week Ago at 07:20 PM. Reason: No referral links allowed.
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  3. #2
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    BitConnect is a pyramid AND ponzi scheme all rolled into one.

    As my old man would say, its "Mutton dressed up as Lamb". They market themselves very well and hide the fact that its a pyramid/ponzi scheme. But if you do your research and digging, you will see it for yourself. There are plenty of reviews and details on how to explain the above all over YT and Google.

    If it was this easy, don't you think everyone would be doing it? It's not a sustainable business model. The coin you get from BitConnect in exchange for your real $'s, is only worth what people are paying. Once people stop purchasing it, it's value will drop. It's like a hype train.

    Here is some, what I believe, are accurate assessments regarding BitConnect.

    https://gyazo.com/14dbbfa4d77c4816272d98252b75f293
    https://gyazo.com/436d05fc5d492ca8e9ebaabee32b013b

    A lot of my mates have been getting into it, and I also give them the same advice. Any money invested in BitConnect should be seen as a gamble, and you should only invest in it what you're willing to lose.

    If you can afford to lose it, I think it's worth putting a 100 into it. If it's still around in a few years time (doing what it does now), you'll come out far ahead.


  4. #3
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    @Spellslinger congrats

    Last edited by EpicNPC; 5 Days Ago at 09:39 AM.
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  5. #4
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    @EpicNPC We're talking about BitConnect. Not BTC. BitConnect give you their own coin (BCC) in exchange for BTC. I never said Bitcoin is a pyramid/ponzi. BitConnect is. Feel free to google "BitConnect" if you haven't heard of it yet. It's like a new fad.

    Last edited by ChaosTheory17; 5 Days Ago at 05:34 PM.

  6. #5
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    lol, whoops, missed that. Sorry.

    After taking a look, it does seems like it could be a scam. You're basically giving them bitcoins for their BBC coin, which can't be used anywhere but their website. The problem is if their site isn't popular enough, no one will want to exchange real bitcoins with you and you'll be stuck with their BBC coins.

    In the worst case scenario the site doesn't do well and shuts down, anyone with BBC coins will lose everything. That's a huge risk to take.

    I'm not sure why anyone would use Bitconnect, why not just buy bitcoins directly and hold them in your own wallet?

    Last edited by EpicNPC; 5 Days Ago at 09:47 AM.

  7. #6
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    Quote Originally Posted by EpicNPC View Post
    I'm not sure why anyone would use Bitconnect, why not just buy bitcoins directly and hold them in your own wallet?
    Because they offer you a good interest rate for having their currency, over 100% per year.

    It will collapse sooner or later, but those who came in first can earn a lot.


  8. #7
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    It's a scam and they have done it before. @Spellslinger you need to get your money out asap if you still can.

    Their domain info is private and there's no contact info on the site.
    https://www.whois.com/whois/bitconnect.com

    nameservers are these:
    Name Server: NS1.P-O0I9U8Y7T6R5E4W3Q2.COM
    Name Server: NS2.P-O0I9U8Y7T6R5E4W3Q2.COM

    These are the same nameservers used on coinnomia.com which is another site that does the exact same thing.
    https://coinnomia.com.cutestat.com/

    A ton of scam articles about coinnomia. I guess they started over with bitconnect.
    https://themerkle.com/bitcoin-scam-s...ning-coinomia/


    If it sounds too good to be true, it always is. This is 100% a scam.


  9. #8
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    Wow, I wish you the best of luck Spellslinger.


  10. #9
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    I am not sure if you ever played runescape, but this is exactly like a "merch clan". When a merch clan tells all its members to buy an item, the prices raises significantly due to everyone buying the item and not enough supply for the demand. But just like all items being merchanted, it will eventually drop and completely crash. How people made crazy amounts of money from this (including myself) is knowing when to sell your items.

    Not saying you can't profit from this because you can for sure. It's just the fact of knowing when to get out.

    Once the demand is gone say bye bye to all money that currently held in investments on the website. Like you said, its a gamble. If you do it smart, you can go home with a huge piece of the pie.

    My point is that the owners of the "merch clans" had almost no risk while putting everyone elses money on the line, but there were still the smart people out there that benefited from this. This is very similar to the scenario you're in now.

    But yeah, this website is a scam and is only 100% risk free for the owners.

    Last edited by LeagueShack; 4 Days Ago at 03:16 AM.

 

 

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