BitConnect Review - Legit or Scam? by mrwalt

bitcoin · @mrwalt · May 19 '17

$8.80

BitConnect Review - Legit or Scam?

https://www.youtube.com/watch?v=62O3clgOA2U

Besides developing software I review different programs from time to time that  some of my subscribers ask me about.   This is just my opinion on the program called BitConnect that has the potential to be a very big success or a very clever way to deceive a lot of people.

Connect with me on:
Steemit: https://steemit.com/@mrwalt
Facebook: https://www.facebook.com/meetseanwalters

Use this software to start generating income from home: http://www.softwarexchange.net/yt

👍 thejohalfiles, fyrstikken, marcusxman, rarepepemaster, mrwalt, giovis, steemito, nitinchugh, dex0

`post_id`	2,851,620
`author`	mrwalt
`permlink`	bitconnect-review-legit-or-scam
`category`	bitcoin
`json_metadata`	"{"app": "steemit/0.1", "format": "markdown", "links": ["https://www.youtube.com/watch?v=62O3clgOA2U", "https://steemit.com/@mrwalt", "https://www.facebook.com/meetseanwalters", "http://www.softwarexchange.net/yt"], "image": ["https://img.youtube.com/vi/62O3clgOA2U/0.jpg"], "tags": ["bitcoin", "cryptocurrency", "bitconnect", "scam", "freedom"]}"
`created`	2017-05-19 04:16:21
`last_update`	2017-05-19 04:16:21
`depth`	0
`children`	15
`net_rshares`	3,038,457,419,169
`last_payout`	2017-05-26 04:16:21
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	6.673 SBD
`curator_payout_value`	2.125 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	517
`author_reputation`	12,525,001,246,993
`root_title`	"BitConnect Review - Legit or Scam?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	0
`author_curate_reward`	""

properties (23)vote details (9)

voter	rshares	pct
fyrstikken	100,318,859,591	1%
steemito	144,112,245	100%
thejohalfiles	2,923,148,241,915	30%
giovis	1,015,376,670	100%
nitinchugh	96,063,997	100%
marcusxman	11,026,052,877	100%
mrwalt	1,193,343,116	100%
rarepepemaster	1,515,368,758	100%
dex0	0	100%

@marcusxman · May 23 '17

Great video, has recently been looking at Bitconnect myself.  It does seem too good to me truth.

properties (22)

`post_id`	2,970,121
`author`	marcusxman
`permlink`	re-mrwalt-bitconnect-review-legit-or-scam-20170523t061435311z
`category`	bitcoin
`json_metadata`	"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
`created`	2017-05-23 06:14:21
`last_update`	2017-05-23 06:14:21
`depth`	1
`children`	4
`net_rshares`	0
`last_payout`	2017-05-30 06:14:21
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	96
`author_reputation`	1,601,195,808,042
`root_title`	"BitConnect Review - Legit or Scam?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@mrwalt · May 25 '17

Yeah, it makes no sense to me to give up my Bitcoin for BitConnect tokens in the hope that I will earn interest when the price of Bitcoin is going through the roof.

👍 sk33t3rb0b

`post_id`	3,038,294
`author`	mrwalt
`permlink`	re-marcusxman-re-mrwalt-bitconnect-review-legit-or-scam-20170525t054437303z
`category`	bitcoin
`json_metadata`	"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
`created`	2017-05-25 05:44:33
`last_update`	2017-05-25 05:44:33
`depth`	2
`children`	3
`net_rshares`	0
`last_payout`	2017-06-01 05:44:33
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	164
`author_reputation`	12,525,001,246,993
`root_title`	"BitConnect Review - Legit or Scam?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
sk33t3rb0b	0 B		0	100%

@marcusxman · Jun 2 '17

You're not calling bitconnect a scam.  What are the reasons why you might have doubt?

properties (22)

`post_id`	3,288,356
`author`	marcusxman
`permlink`	re-mrwalt-re-marcusxman-re-mrwalt-bitconnect-review-legit-or-scam-20170602t032149173z
`category`	bitcoin
`json_metadata`	"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
`created`	2017-06-02 03:21:33
`last_update`	2017-06-02 03:21:33
`depth`	3
`children`	0
`net_rshares`	0
`last_payout`	2017-06-09 03:21:33
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	85
`author_reputation`	1,601,195,808,042
`root_title`	"BitConnect Review - Legit or Scam?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@sk33t3rb0b · Jul 3 '17 (edited)

$0.12

This is the main reason I feel people think its a scam.  In a way bitconnect is trying to get peoples bitcoin promising them a percentage per day.  Even if it may be 0% for that day.  Right now it might not seem feasable as bitcoin, ether and all these other cryptos are skyrocketing but when they calm down?  Compared to my bank... where my money was kicking it and gaining about .20 cents a month is now earning me $10, $20 bucks a day.  Then it lets me cash out my profits at any point.  If you have bitcoin to invest in what is just $100 in "profit" to test it out?   Compound interest is pretty amazing.  The biggest red flag I feel they have is that you dont see them on any other exchange like you mentioned.

👍 mrwalt

`post_id`	6,048,342
`author`	sk33t3rb0b
`permlink`	re-mrwalt-re-marcusxman-re-mrwalt-bitconnect-review-legit-or-scam-20170703t211300473z
`category`	bitcoin
`json_metadata`	"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
`created`	2017-07-03 21:13:00
`last_update`	2017-07-03 21:27:54
`depth`	3
`children`	1
`net_rshares`	18,829,468,800
`last_payout`	2017-07-10 21:13:00
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.092 SBD
`curator_payout_value`	0.031 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	715
`author_reputation`	-5,141,751,827
`root_title`	"BitConnect Review - Legit or Scam?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
mrwalt	0 B		18,829,468,800	1%

1 reply

@sk33t3rb0b · Jul 3 '17 (edited)

$0.17

Best advice I can give is start small and learn what your doing.  If you lose $100 you wont be as bad off.  But when you get comfortable you can start doing bigger amounts and get into better money.

👍 mrwalt, sk33t3rb0b

`post_id`	5,445,742
`author`	sk33t3rb0b
`permlink`	re-mrwalt-bitconnect-review-legit-or-scam-20170628t181841023z
`category`	bitcoin
`json_metadata`	"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
`created`	2017-06-28 18:18:42
`last_update`	2017-07-03 21:38:48
`depth`	1
`children`	3
`net_rshares`	19,926,337,271
`last_payout`	2017-07-05 18:18:42
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.136 SBD
`curator_payout_value`	0.031 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	198
`author_reputation`	-5,141,751,827
`root_title`	"BitConnect Review - Legit or Scam?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000
`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
mrwalt	0 B		18,829,468,800	1%
sk33t3rb0b	0 B		1,096,868,471	100%

@mrwalt · Jul 2 '17

@sk33t3rb0b I unfortunately will have to disagree with your assessment on BitConnect based on all of the reasons mentioned in my video, but thank you for commenting.

👍 sk33t3rb0b

`post_id`	5,904,772
`author`	mrwalt
`permlink`	re-sk33t3rb0b-re-mrwalt-bitconnect-review-legit-or-scam-20170702t161620995z
`category`	bitcoin
`json_metadata`	"{"app": "steemit/0.1", "users": ["sk33t3rb0b"], "tags": ["bitcoin"]}"
`created`	2017-07-02 16:15:39
`last_update`	2017-07-02 16:15:39
`depth`	2
`children`	0
`net_rshares`	1,160,707,377
`last_payout`	2017-07-09 16:15:39
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	165
`author_reputation`	12,525,001,246,993
`root_title`	"BitConnect Review - Legit or Scam?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
sk33t3rb0b	0 B		1,160,707,377	100%

@dex0 · Jul 3 '17

Sir sk33..., spamming every threads about bitconnect with your referral is not helping your cause :D

properties (22)

`post_id`	6,007,765
`author`	dex0
`permlink`	re-sk33t3rb0b-re-mrwalt-bitconnect-review-legit-or-scam-20170703t142250829z
`category`	bitcoin
`json_metadata`	"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
`created`	2017-07-03 14:22:51
`last_update`	2017-07-03 14:22:51
`depth`	2
`children`	0
`net_rshares`	0
`last_payout`	2017-07-10 14:22:51
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	100
`author_reputation`	1,107,756,850
`root_title`	"BitConnect Review - Legit or Scam?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@mrwalt · Jul 4 '17

@sk33t3rb0b I appreciate the encouragement, but Bitconnect is a little out of my league.

properties (22)

`post_id`	6,077,881
`author`	mrwalt
`permlink`	re-sk33t3rb0b-re-mrwalt-bitconnect-review-legit-or-scam-20170704t040621679z
`category`	bitcoin
`json_metadata`	"{"app": "steemit/0.1", "users": ["sk33t3rb0b"], "tags": ["bitcoin"]}"
`created`	2017-07-04 04:05:42
`last_update`	2017-07-04 04:05:42
`depth`	2
`children`	0
`net_rshares`	0
`last_payout`	2017-07-11 04:05:42
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	88
`author_reputation`	12,525,001,246,993
`root_title`	"BitConnect Review - Legit or Scam?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@dex0 · Jul 3 '17

$0.13

THX. good points.
 Also they are working with $ so let say you gave them 1BTC  back in oct 2016 (=600$) after 9 months you get your 600 back + your 6$/days (1%/day) so 2220$ 
July 2017, Btc = 2600$ so you convert to BTC and end up with 0.85 BTC.

This example is extreme (you can withdraw your 6$ every day / reinvest them, knowing that your withdraw date will be pushed forward/ BTC will not increase as much (lets hope it will ..))

My point is that giving the risks we take (as seen in the video) the reward is not as great as it seems.

👍 mrwalt

`post_id`	6,007,347
`author`	dex0
`permlink`	re-mrwalt-bitconnect-review-legit-or-scam-20170703t141901334z
`category`	bitcoin
`json_metadata`	"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
`created`	2017-07-03 14:19:03
`last_update`	2017-07-03 14:19:03
`depth`	1
`children`	3
`net_rshares`	18,829,468,800
`last_payout`	2017-07-10 14:19:03
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.097 SBD
`curator_payout_value`	0.032 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	539
`author_reputation`	1,107,756,850
`root_title`	"BitConnect Review - Legit or Scam?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
mrwalt	0 B		18,829,468,800	1%

@sk33t3rb0b · Jul 3 '17

Very true,  comparing it to BTC Value-USD.  When BTC calms down.  Starts to level out,  Would you consider this to be "not as good as it seems" still?  Or would you consider this to be decent, reinvesting your profits till your making 80,000 a year or more as a side income.  Not hoping the market doesn't fall or rise but just knowing your averaging about 1% a day?

👍 dex0

`post_id`	6,048,845
`author`	sk33t3rb0b
`permlink`	re-dex0-re-mrwalt-bitconnect-review-legit-or-scam-20170703t211902989z
`category`	bitcoin
`json_metadata`	"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
`created`	2017-07-03 21:19:03
`last_update`	2017-07-03 21:19:03
`depth`	2
`children`	1
`net_rshares`	1,137,482,431
`last_payout`	2017-07-10 21:19:03
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	366
`author_reputation`	-5,141,751,827
`root_title`	"BitConnect Review - Legit or Scam?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
dex0	0 B		1,137,482,431	100%

@dex0 · Jul 4 '17

Sure, i'm just concerned about the sustainability of bitconnect if the BTC loose 50% of its value during monthes like it did before. But I sincerely hope they proove me wrong. ANyway we will all be billionaires soon right? :D

👍 sk33t3rb0b

`post_id`	6,093,936
`author`	dex0
`permlink`	re-sk33t3rb0b-re-dex0-re-mrwalt-bitconnect-review-legit-or-scam-20170704t080340949z
`category`	bitcoin
`json_metadata`	"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
`created`	2017-07-04 08:03:42
`last_update`	2017-07-04 08:03:42
`depth`	3
`children`	0
`net_rshares`	1,143,296,766
`last_payout`	2017-07-11 08:03:42
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	225
`author_reputation`	1,107,756,850
`root_title`	"BitConnect Review - Legit or Scam?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
sk33t3rb0b	0 B		1,143,296,766	100%

@mrwalt · Jul 4 '17

@dex0 you pretty much hit the nail on the head, but I'm not hating the program it is just that people need to know that it is very high risk.

👍 sk33t3rb0b, dex0

`post_id`	6,078,554
`author`	mrwalt
`permlink`	re-dex0-re-mrwalt-bitconnect-review-legit-or-scam-20170704t041730024z
`category`	bitcoin
`json_metadata`	"{"app": "steemit/0.1", "users": ["dex0"], "tags": ["bitcoin"]}"
`created`	2017-07-04 04:16:51
`last_update`	2017-07-04 04:16:51
`depth`	2
`children`	0
`net_rshares`	2,321,403,735
`last_payout`	2017-07-11 04:16:51
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	141
`author_reputation`	12,525,001,246,993
`root_title`	"BitConnect Review - Legit or Scam?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000
`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
sk33t3rb0b	0 B		1,160,707,377	100%
dex0	0 B		1,160,696,358	100%

@sabinp · Jul 11 '17

$0.16

I know this is an old subject, but here is my opinion on the [Bitconnect Scam Debate](https://steemit.com/cryptocurrency/@sabinp/bitconnect-scam-debate-i-really-hope-it-s-legit). 
I'm curious if you changed your mind even for a little bit, now ... after 2 months from writing your post?

👍 sabinp, mrwalt

`post_id`	6,881,703
`author`	sabinp
`permlink`	re-mrwalt-bitconnect-review-legit-or-scam-20170711t175739615z
`category`	bitcoin
`json_metadata`	"{"app": "steemit/0.1", "links": ["https://steemit.com/cryptocurrency/@sabinp/bitconnect-scam-debate-i-really-hope-it-s-legit"], "tags": ["bitcoin"]}"
`created`	2017-07-11 17:58:27
`last_update`	2017-07-11 17:58:27
`depth`	1
`children`	1
`net_rshares`	47,445,703,915
`last_payout`	2017-07-18 17:58:27
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.154 SBD
`curator_payout_value`	0.007 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	286
`author_reputation`	221,592,754,272
`root_title`	"BitConnect Review - Legit or Scam?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000
`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
mrwalt	0 B		18,964,405,898	1%
sabinp	0 B		28,481,298,017	100%

@mrwalt · Jul 12 '17

$0.03

@sabinp No my opinion has not changed on it and BitConnect as far as I'm concerned is operating just like it should be at this point.  I will leave it at that as my videos speak for themselves as when you have been in this space as long as I have this is really normal activity.  Everyone will see in due time.

👍 jesta

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
jesta	0 B		8,211,286,348	0.1%