What is Bitconnect?
Bitconnect is a website where you can invest your money and profit just with your investment. It is based on crypto currency and uses auto-bots to buy and sell cryptocurrency on the exchange. Bitconnect offers about 1% of your investment daily and your invested capital back depending on how much you have invested. There are tons of people investing in it and for now, it works.
What is exit scam?
Exit scam is when someone creates a place where a lot of money circulates and then shuts down the site. There have been huge exit scams in past with millions stolen.
Believe
I always wanted to see only good stuff and ignore the bad stuff. Even with people... I don't want to get to know someone because I will probably find out something bad about him. That's what happened when I ran onto Bitconnect. There are tons of videos people making money of Bitconnect and I am so grateful to see them living their lives just investing and I wanted to be apart of it. But what you see is not always what you get... That's also the case with people.
Trust
Since I know a lot of you have been really excited about Bitconnect I want you to give few things to consider.
This whole thing about crypto currency is about trust and in the case of Bitconnect they did not earn it. The first thing I looking up for is a man that is behind Bitconnect and there is nothing on the web about him. Not being anonymous is about opening up and when you open up you will receive.
Clue #1 – Annual ceremony
When you open Bitconnect site there is a notification about Bitconnect Annual ceremony event where are people invited if they invest 20 000$. I mean why would you not create this imaginary event just before you want to take the money and run. Also when the August 1. hits there will be huge chaos in the market because Bitcoin will split into two currencies so when the exit scam will be perceived as something that was caused by this.
Clue #2 – Promises
When you are investing you are told to be paid the 100% of your investment after 299 days. That's how they make sure you never get your 100% back. By the time you should be paid they are already out.
Clue #3 – Mislead
Posting something like this on Bitconnect news is probably to earn some of your trust before they exit scam. If this is what I think it is they are masterminds.
My advice
Cash out your funds from Bitconnect until this mess with August 1 is over. Get in the safe place until the storm is over...Then you will be sure is it a scam or not.
At the end of the day, I still want to believe that Bitconnect is legit.
See you on August 1.
The problem with this theory is that they are not hiding, most of the scam sites were easy to spot becuase nobody would know who the developers are, where they are and what the dev stratergy was. With Bitconnect its a lot more difficult becuase everyone knows who they are, they partake in conferences and they have a company address.
Do you really think if they decided to close down their site that people are just going to forget all the information thats out on the scammers? I'm not saying that its not a scam, I'm saying that if it were a scam in order for it to be a success these scammers would have to either make up some sort of hacking incident where all their funds were "stolen" or they'd have to disappear of the face of the planet.
Its highly unlikely that any of this is going to happen.
I am not saying they are scam either. I would love to see Bitconnect as legit , I am saying they are maybe scam because they are not transparent as other big companies in this game. And yes I I suppose "hacking incident" will happen at august 1. because segwit. There will be chaotic in crypto world and thats the best time to exit scam.
is it the same with @claimwithme? we cant cash out
I advise you to cash out all money out of Bitconnect before July 31, so you will be safe. If its not scam you can go back and invest ;)
Well this would have been a mistake since they delievered and continue to deliver everything they've promised, including the imaginary conference.
Congratulations @antminer! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPall mlm system and pyramid schemes have annual meeting and event... but that doesn't change the fact that they are ponzi schemes