Community post
Proof That Bitconnect Is A Scam
Photoshop Fail
Checkout this photoshop fail which can be located directly on their own blog located here
As you can see this image is clearly photoshopped. Analyze the image here
Here are some zoomed in looks at their editing mistakes
Bitconnect claims to use a trading bot which profits from the volatility of Bitcoin. There is no evidence that a trading bot even exists. They are paying out around 1% on average in daily interest. This is not sustainable.
The only people making money are youtubers with hundreds/thousands of referrals. A great marketing scheme.
Bitconnect is currently averaging around 2000 new members daily.
If you were to invest in Bitconnect you could turn 50,000 in 24 months by simply reinvesting your earnings. If you invest $1000 you would have half a million dollars in that time frame. Obviously this is not possible.
Bitconnect has so many red flags it is laughable.
Replies (14)
Don't listen to this guy's fud! My stats so far for 32 days!
Total investment
2,300.00
Active Investment
2,300.00
Total earned
813.85
With not one referral!
But if you would like to be the first one please use:
https://bitconnect.co/?ref=paulyaces76
I will give you 1% back in cash right away!
You obviously do not know how a ponzi scheme works.
I forgot you are the all knowing, screaming about btc-e one of the biggest exchanges out there a couple weeks ago. Oh, you weren't, my bad you missed the real scam!
I saw you delete that comment. lol
You know why, I like this place and I don't mean to put steem down in the process, but tell me isn't it?
I had big plans for Steemit and completely shut those plans down a month ago. I was working on a website and going build the beauty community on Steemit. Now I am cashing out the little Steem Power I have.
Steemit is a scam. I agree. It won't last long.
Dan Larimer is someone I do not trust. EOS looks like it could be a scam too. In 2018 the EOS team will have control of 5-6% of all Ethereum due to the EOS token distribution. EOS may not deliver on what they have promised.
Lots of potential scams.
Upvotes on Steemit are worth barely anything. 100k Steem Power is only a $15 upvote right now. It was a lot higher only a few months ago. I know that the price of Steem went down, but I have been watching and the value of upvotes is not completely based on the price of Steem.
upvote calculator
I heard that around 55 people control 80% of the Steem available.
Congrats to them. lol
exactly, but I hope your wrong on bitconnect. We can agree to disagree. But, I am also going to start powering down as soon as my delegation gets back from minnowboost!
People are always going to red flag anything that seems too good to be true. Of course that's the case with this as well. For now, they've done everything as promised and kept their word. They're a fairly new company, a lot of things are still waiting to happen. They're going to show up at some major events within the next few months. Honestly, we won't know for sure unless it's too late. But I'm willing to take that risk. I've personally invested enough so that if it's legit I'll get far with compounding and low enough that it doesn't really matter if it turns out to be a scam or not. I've been recommending it to friends since I believe in BCC and I want them to succeed. You can't call someone a scammer unless they've scammed you. So far they've tried everything to provide a good service and be legit so it's honestly not fair to them.
If Bitconnect was trading outside of cryptocurrency, they would not even exist right now. They would have been shut down because what they are doing would be illegal. They would be classified as an illegal hedge fund.
Bitconnect shows no evidence of any revenue being generated. No evidence of their "trading bots" existence. They should be providing info/data regarding every investment their "trading bot" makes.
No one is investing into Bitconnect using "logic", all investors are investing with "emotion".
I understand that the average person does not understand how ponzi/pyramid schemes function. The fact is that they all payout. They need to be able to pay old investors in order to build a bigger scam so that they can make the most of this opportunity.
People are talking about being paid hundreds of dollars. It's funny to me. As if hundreds or thousands of dollars make up a large sum of money. This is not. What is a large some of money would be "hundreds of millions of dollars" which Bitconnect is more than capable of generating.
I have not heard a single intelligent reason to invest in Bitconnect (anywhere online) and the only ones making money are youtubers, from referrals.
Everyone else is focused on compound interest, meaning they are reinvesting and have not been able to withdraw enough to cover the amount they initially invested.
If a company was able to produce the results that Bitconnect (and other companies) claim to be generating and if they were to be transparent providing the details of every investment they make, they would be seeing more investors signing up than they could even handle. They would be known world wide as the greatest investment in the world. They would not need an affiliate system and so they would generate even more for them selves
When most people go shopping they don't shop using logic, they shop using emotions. Same goes for investing.
Bitconnect is not even an investment. It is a gamble. You are literally gambling on Bitconnect to stay in business.
I'm waiting to see the headline "Bitconnect was hacked" lol..
Bitconnect can claim to have been hacked and they will get away with it. Nothing is stopping them.
Bitconnect is a genius scheme.
fyi it's funny to me that no one commented on the photoshopped image of the "new office" Bitconnect says they have in India.
Why would they fake an image like that?
That is there building.. just no signs outside and obviously someone in the office put up the pic signs.. people do it for there ad's.. no big deal.. but its there.. remember these are different people in the world.. adding pics is nothing.. they thought it looked more pro.. As far as compounding.. you are used to banks taking all your interest.. there is so much room for growth in Crypto and money to be made.. BitConnect at least has a few ways its NON stop earning 24 hours a day... there are a few other companies similar to it.. while its good to be a healthy skeptic.. after reading thru the posts.. you are borderline over the top.. we all KNOW getting into crypto there is risks.. so you put in what you are willing to loose.. ALL of it is NOT for sure..so dont know why you are bitching..
All you do is talk yet you provide no intelligent reasoning. Most people share your mindset. (sadly)
Thanks for pointing this out, it may help some people.