The large whales promoting bitconnect arent investing money into bitconnect, they make most of their income through referrals and then immediately withdraw.
I'd rather invest in steemit and its future. steemit doesn't have a controversial shady image like bitconnect does. plus there are many people backing steemit and are genuinly interested in steemits future.
I invest in both. I enjoy them both. I'm no whale.
Just to give you a heads up, It's impossible to "immediately withdraw". Who ever puts money into it is locked in for no less than 179 days at best and typically 299 days . Could be a scam though, who knows.
Ok, even if you earn the money from referrals? I wouldn't know
If you were only talking referral income than yes you are correct. Referral money can be taken out and turned into bitcoin. I follow a lot of these big dogs and none of them have zero invested though so they could only take out that referral money but all the other money they have tied into it cannot be taken out for awhile. Most of these guys have 20k-100k locked up in the site so they can't run anywhere anytime soon.
I am one of the people doing videos of my journey. I have $6500 invested so far with $973 in profit getting about $80-$100 a day profit and only $49 of my earnings are from referrals. I have money in Steem too and I plan to use some of my BCC profits to buy more steem for the long haul. I hope to have an account as big as yours one day. I'll get there for sure :)
How are you sure these "big dogs" aren't getting kickbacks from Bitconnect on the side to keep large sums locked in and keep the illusion alive?
Companies like this are not below paying off people in social media to promote their scam. Sure they may have 100k locked in and show it off in their wallet.... but maybe Bitconnect wrote them a cheque for 300k.
Even better - maybe it's possible that the devs of bitconnect gave him a special account that just shows off large sums so he can use it to impress people and get referral money.
If you don't think it's possible for someone to be working directly with Bitconnect I don't know what to tell you.
https://docs.google.com/presentation/d/1X-NWcgre5rTKSaVwo9TCinaKJy5KAsSZfviUYSgeBmg/edit?usp=sharing
BCC might be paying out well now and a lot of people will make money. People that get in and out within a year. It won't last though.
Message me in 3 years. If Bitconnect still exists and is still paying out .5% - 1% a day I will eat a tin of cat food.
Lol no need to eat catfood man, I'm not sure of anything accept I'm receiving my money everyday. Thats the only thing I'm sure of. Will it last, who the hell knows. I'm not sure if any of this will last. As far as Bitconnect creating these special accounts and paying people off to show fake amounts of money in order to bring the masses in, sure anythings possible. What I won't say is it will or won't last because I can't see the future. People said bitcoin won't last too.
Unless you have cashed out more then you have put in, you haven't made any money.
Most people "re-invest" the interest they make back into the loan. Bitconnect thrives on this.
If you put in a loan and are banking the interest, congratulations on getting in on the ground floor of the ponzi. Those who get in AND leave early will come out with money. Those who stay in will lose everything.
I don't need to know the future to understand that the sun will rise tomorrow, and at night the moon will come out.
You do not need to see the future to understand what's going to happen next with Bitconnect. It's math.
Best of luck to you.
Thanks man, much appreciated!
Poloniex has always treated me fair and also Cryptopia! Stop being a sally and listening to hearsay about a company
I've never had an issue with Polo. I love their graphs, so informative. thanks @thejohalfiles for the upvote