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RE: BITCONNECT: From triggering a dMAmapping⇗⇗⇗⇗⇗⇗ BUY Alert Signal on 20th May 2017 at $12.35, BITCONNECT has seen a growth of no less than x 5.27 to the current price of $65.10.
Many people here on Steemit says that Bitconnect is a scam... how good is this crypto actually...Why many consider it as a scam?
I've tried it out and I think it's a scam, although a potentially very profitable one if you get in at the right time. Basically they claim that a trading bot is what earns money but theres no proof whatsoever that it exists and the reality is that it's far more likely to just be a ponzi.
How you know its not trading with Btc and BCC when people buy and sell on there website. I use BCC and back in thr day it used to take around 15 mins to sell your bcc tokens. And now its almost instant with hoe manh are buying and selling. This could be what the trading bot does on there own exchange. Point to note !
Still no proof that the trading bot exists and BitConnect isn't even listed on any proper exchanges. I hope it's not a scam because I did put some money into it but I think it more than likely is. Either way it will be interesting to see what happens
Am the same as you. I got 4.2k invested in it. And havr over 50% back already. So its working and hope it holds out!
I'm at about 15% back so far, just needs to last another 80-90 days and I'm happy!
Happydays! Fingers crossed. How much did u invest.
$1100, I thought about risking it and going for more but decided against it
Yes point taken. Only time will tell with BCC. But if theh are giving out BCC for BTC there is no reason it carnt last a long time. I dont 50 days now and no issues at all. But there is always that dout ya know what I mean.
In response to hm818. That is a loaded question. To be fair. All trading has a level of risk. The transparency is not very evident when it comes to the BCC trading bot and the multilevel marketing aspect has some critics crying foul. Those critics will also flag promoting a cloudy investment even if it is presented in a clear way. In my view if you put a down payment for a brick and mortar business you may not get it back or worse, ruin your credit and end up in debt. With BCC you can't lose more than you put in, worst case scenario ie: (shut down, crash and deactivation). They say you get your investment back and historically so far this has been the case. Users have shown proof of withdraws but no one has a crystal ball to see the future.
If an investor looks at the stability of an opportunity the reward vs the risk and only invest what they feel comfortable losing why not invest? Even fiat, in a "safe" savings account is subject to inflation. So with inflation you risk having a dollar today not being worth so much in the future. BCC has a roadmap to give use cases for their currency, but will the team be able to deliver? It all raises questions. Asking questions leads to a thought process that helps investors speculate even if the answers are not very clear. A pros and cons list could be generated if you factor in opportunity cost and probability of outcomes. According to the Stephen's dMAmapping in this post the currency itself has promise. The platform has elements of value amalgamation. Only ones PERSONAL risk tolerance can tip the scales between the decision to investing (gambling) or not. I have invested in the lending platform and it has been performing well in my case but that is just me.
THANK YOU! Also people just need to do their own research tbh.. BCC is a great concept