You consume less than you produce and save the difference and invest intelligently to produce more. That's the only way a society grow prosperous.
BitConnect has been a very controversial coin. Various people have different opinions about this. So I'd put down some quotes from real people about BitConnect. All of the following quotes are simply unedited copy pastes.
This is just human kindness people helping people, that's what the world needs and financial abundance is our basic inheritance not greed and fear like the controlling power wants us to live in and believe. They treat us as we are puppets and we are not. Love on....
HI TREVON! YOU MADE MY DAY, YOU REALLY CONVINCED ME THAT BITCONNECT IS SUSTAINABLE. I HAVE BEEN HAVING DOUBTS ABOUT ALL THIS AFTER WHAT HAPPEN TO BITPETITE. MY QUESTION IS, IF OTHER COINS ARE CREATED SIMILAR TO BITCONNCET LIKE WESTERN COIN, DOES IT HAVE THE SAME POTENTIAL AS BITCONNECT. BASICALLY IF EVERYBODY LENDS AND STAKES IT IS WORTH INVESTING IN IT???
The companies up 42000 percent was featured in Forbes magazine! This year your seed come back you have to but there coin at market value the coin don’t disappear they just keep recreating wealth ! There day trading your money with all the inside info plus its under priced with will be 300 by the end of the year ! They may limit the number of traders once the achieve max has power think about it they creates 6 billion last night out of thin air ! There sharing the wealth they going to make 10,000 millionaires !
Very well said Craig, what if this actually works? There are so many negative people that are living paycheck to paycheck and misery loves company and they still choose to stay broke. I choose to better myself financially so I’m all in! See you at the top!
Hi Craig. People do seem to be having a hard time accepting Bitconnect as a real business. But as you said in one of your videos, you don't have to refer (or in MLM terms, recruit) new people. You can just make the loans and still make really good money as you've shown. The amount you make loaning funds is determined by the volatility of Bitcoin and I see nothing wrong with that. As long as the bot can do a good job when Bitcoin is going either up or down, then it should work.
Now to rub off all that utter stupidity rivaling SJWs let's see a real genius tackle the question.
But I figured out Vitalik Buterin who created the first smart contract platform might not be the smartest guy in town. He lacks this 'Human' element and doesn't really connect with all this wealth distribution hippie garbage. He doesn't even look like a stoner. I consulted:
OOPS! Sorry about the last clip. I think I fell asleep on my keyboard.
Oh it happened again. Really sorry. I don't mean to offend any stoneheads. Human kindness and recreation of wealth (whatever that is) is far superior to pure genius. If you look at the people who are on BitConnect (which is I kid you not:__Connected to Bitcoin__ which always goes up forever like Tulips) there are 2 kinds of them:
Some just wants to make some quick bucks.
The others are so gullible and stupid they actually believe in this ponzi. I found a great clip on why rich keep getting richer thanks to @goldsilverguide.
This isn't always the case. But the poor-middle and rich does show certain patterns when it comes to expenditure. If you look at the supporters of BitConnect and juxtapose that with the sentiments expressed in the video you'll see many parallels. There is no such thing as easy money or always goes up in this world. You consume less than you produce and save the difference and invest intelligently to produce more. That's the only way a society grow prosperous. Period.
The videos of BitConnect scum should actually look like this:
This is the truth. Anybody who say otherwise should be smarter than Vitalik Buterin. A society move forward by acting intelligently and making good decisions. HYPE is not an investment strategy. It doesn't matter if it's 1929, dot-com, Tulip or Housing. Nothing comes out of nothing. BTC is allegedly a store of value. If you need instant transactions with ultra low fees, you have Dash and PIVX. https://www.saltlending.com/ is a great lending platform. Sia, Storj let you store your files. Steemit is the single best social media community in the world. These things are all sustainable because they solve problems and serve a purpose.
But hey, I'm just a guy on the internet who knows few stuff. Just roll with the FEELZ and let the Atlas Shrugged unfold.
img credz: pixabay.com
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Fantastic! Thanks for posting!
You are welcome!
Bitconnect is an outright fraud and a Ponzi scheme. Stay away from it. See a detailed due diligence: http://blog.icoindex.com/why-icoindex-has-labeled-bitconnect-as-an-outright-fraud/
Read the article. It's pretty well done. Why don't you publish the same content on steemit too. It was a very well done article. I also read the one about Paragon ICO and I pretty much agree with the due diligence that has been done.
Seriously, start posting these on steemit.
Thanks. We will
Bitconnect is an unregulated exchange. Lets find out if they continue adding more coins.
It is interesting how Trevon has changed his tune about how there probably isn't a bot....etc. At the end of the day these guys pitching these ponzi's with their affiliate links have done better than pretty much everyone else in the crypto space. We will see but Karma might be a bitch on down the road for them or maybe they sail into the sunset. There is no telling
Things could continue for a while. BitConnect is going to be the decentralized https://en.wikipedia.org/wiki/Bernard_Madoff case. There won't be any company to shut down and tracking down the creators won't be easy either. Who are going to bite the dust are the potheads like Trevon and Craig.
I also suggest you check out @haejin who does Technical Analysis on crypto. If you take the case to any financial regulatory body the whole explanation on profitability of BitConnect will be juxtaposed with ponzi/pyramid schemes. Trevon and Craig have explained the whole thing like they were reading off of a PSA on ponzi schemes. There are so much documented evidence against them. Instead of some exchange owners, these are the guys who should be in jail.
This is a good report on bitconnect. Is it worth investing in? Or is it a scam? People seem divided on this
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People got rich on the dot-com bubble. Some people made a lot of money in the housing bubble before it went bust. Even TESLA could have more room to grow before it all blow up. You might actually see BitConnect being profitable for even another year. But there are safer investments. There are investments that could make you way more money.
always been hesitant about this... although ive seen trevon james' videos and it does make you want to dive in with 100 dollars and try it out. If it sounds too good to be true; it probably is. I'll stay away.
It's better to put it in steemit. You can check @haejin's Technical Analysis on STEEM. You are going to be at least using steemit and it's unlikely you'd get a lower price for years. You could also buy a PoS coin and stake it for more coins. There are so many great projects with great potential. Dash is already huge and it could seriously be the Bitcoin killer with all the upcoming improvements.
Take your time to do your research. https://www.dashforcenews.com/
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Bitconnect is an unregulated exchange and a virtual bank. Watch the video, there are real people from poor countries getting rich. Why is this something bad? We will have to wait and see what happens.
BTC-E is like Bitconnect but BTC-E was shut down because it was centralized while Bitconnect is less centralized.