While it may not be a scam in your opinion, it could be considered spam. Spam is not appreciated by the community and could be flagged or may result in action from the cheetah bot..
Some things that can be considered spam:
Banner ads
Referral links/codes
Repeating the same post
Links to known scams, phishing sites, and other dangerous links
Hey thanks bud, but the post was not promoting anything, so I doubt you even watched it.
Also, what if people with lots of voting power just started going around flagging everything they disagreed with, how would Steemit turn out in the long run.
Just had a chance to watch and I think it's exactly as you described. I have been in for 6 weeks or so and in dollar terms I have made back half my initial investment. However, even taking that into account, the bitcoin I am still owed is $200 more than I initially invested. I think I'll be lucky to get back my initial investment (in bitcoin) by the end of the period.
I'm sure Bitconnect works well if you convince loads of others to join via your referral but just as a loan scheme it looks like a sure fire way to lose money(and that's assuming they are legit).
I'm not sure what would happen if we see a prolonged bitcoin bear market like we saw a few years ago. Would they stop paying interest? Gold? Or does the additional use of BCC insulate them from that in some way?
Only put a $100.00 in @kristyyd, and reinvest at every $10.00 threshold like I do. You could also just sit tight, and follow my progress over the next year, and then decide whether it's for you. 😉
While it may not be a scam in your opinion, it could be considered spam. Spam is not appreciated by the community and could be flagged or may result in action from the cheetah bot..
Some things that can be considered spam:
Hey thanks bud, but the post was not promoting anything, so I doubt you even watched it.
Also, what if people with lots of voting power just started going around flagging everything they disagreed with, how would Steemit turn out in the long run.
Please answer that, and have a nice day!
Probably better to hold onto BCC than lend $ but the question on both is when do you cash out...
I'm using it as a retirement fund myself.
Could you imagine... a retirement fund created from just a $100.00 initial investment?
It may not be a scam in the traditional sense but you will probably make more money by simply buying and holding btc.
In dollar terms I have made 60% of my investment back but in btc terms (which is what I invested) it's around 15%.
Umm... did you watch my video @grizgal?
Give it a gander, I think you'll enjoy it, because I do agree with you.
I can't at the moment mate as I'm mobile. I'll watch it tonight. Thanks
No problem, and thank you! 😀
Just had a chance to watch and I think it's exactly as you described. I have been in for 6 weeks or so and in dollar terms I have made back half my initial investment. However, even taking that into account, the bitcoin I am still owed is $200 more than I initially invested. I think I'll be lucky to get back my initial investment (in bitcoin) by the end of the period.
I'm sure Bitconnect works well if you convince loads of others to join via your referral but just as a loan scheme it looks like a sure fire way to lose money(and that's assuming they are legit).
I'm not sure what would happen if we see a prolonged bitcoin bear market like we saw a few years ago. Would they stop paying interest? Gold? Or does the additional use of BCC insulate them from that in some way?
No, they'd be out of a job if the needle never moved. They need Bitcoin to go at least up or down, or it's game over.
I'm interested, nervous, but interested :)
Only put a $100.00 in @kristyyd, and reinvest at every $10.00 threshold like I do. You could also just sit tight, and follow my progress over the next year, and then decide whether it's for you. 😉
That sounds awesome thank you :)
No problem @kristyyd!
Good write up. I now understand how Bitconnect works! Thanks!
Totally my pleasure @blazar!