Since I've joined this site, I've seen multiple posts regarding people investing in or promoting BitConnect. I would like to show them how exactly BitConnect works and save them and other users some money, and to also point out how to generally detect a scam. For those of you that don't know, BitConnect is a cryptocurrency(BCC) and a site that promises its users a return of up to 480%+ in cash(not crypto) per year, and even a guaranteed profit of up to 91.25% a year, depending on how much you invest, with no risk of loss! They claim these money are made with a cryptocurrency trading bot that they created.
Let's take a look at their official guide on how to "invest" in their business. I have highlighted spelling errors with red(discussed at point 1) and suspicious, scam-like business practices with blue(discussed at point 3, which reveals the scam):
First, I'm proud @rowbvp f0r stepping up cuz I've felt this from this company b4 @craig-grant and others started promoting this B.S. ish! I ain't got my ish together(soon i will) but I do know what's out there and I found a gold mine on how to make great money from having $1000 + in your pocket. If you only making a $1.00 or less after lending a $1000, somethin is definitely wrong! PLUS just by how the 'BitConnect' label lk's and the vibe doesn't feel right to me. I produce music, trade markets and I can honestly say, I am 99% all about vibes.
I was blessed to have common-sense what can I say!
I preached 3urst back in JAN(2017) look where it's@now! I preached XRP before it went to the 7-Sats(moon) and I bought into it a couple days right before it took off $imply by watching the charts! Some think others are smart because of some damn paper work - proof they went to some fancy ass school - Pls!!! I knw h0w the game wrks! I use to see it all the ti
하루가 다르게 새로운 코인들이 탄생하며 새로운 Dapp들이 만들어 지고있는 시기입니다.
그 만큼 ICO(Initial Coin Offering)들이 늘어 나겠지요?? 저는 개인적으로 지금 블록 체인 시장은 굉장히 블루오션이라고 생각합니다... 하지만 이런 시기에 때마춰 기승을 부리는 사기꾼집단들과 다단계 수법들 또한 넘쳐 나는 것 같습니다. 오늘은 일명 '사기 코인' 또는 '다단계 코인을'을 피하는 노하우에 대해 이야기 해보려 합니다.
우선 특정 코인이 사기인지 아닌지 알려면 어떻게 해야 할까요? 저는 세가지를 유의하여 관찰하면 답이 있다고 생각합니다.
저는 가장먼저 소스코드부터 찾아봅니다. 이 코인이나 Dapp이 뭐하는 건지 알아보기도 전에 이름만 보고 우선 소스코드를 찾습니다. 그 이유는... 기술력없는 블록 체인은 가짜라는 저의
The Cryptocurrency digital currency market is maturing at an incredible speed and this fast movement creates opportunities for people to be scammed.Yes, scammers have evolved in the techniques fraudsters are deploying to sneak into our pockets.
The cryptocurrencies fall into that arsenal,which never help to build trust and facilitate its wider adoption.With endless amount of Bitcoin services out there some times hard to tell or to decide what is legitimate and what is scam?.
The scammers utilized few strategies to gain access to your money. One great researcher from Southern Methodist University have been working on the first academic paper monitoring Bitcoin scams. He classified four Bitcoin related scams...
1-High yield Investment programs
I will tell you what happens to me in this past months that lead me to lose $650, for what reason and what I have learned from this experience
When I was approaching the month of February, I started to prepare myself to buy a gift for my mother birthday. It was in March and I wanted to work extra hours to afford to buy her a good gift.
My mom uses an iPhone 4 since a long time and she even got it from someone
Unfortunately too many people get sucked into ponzi schemes and it is extremely frustrating trying to convince someone they are indeed in a ponzi scheme...
This has to be the end of them - great article on it: http://bitsonline.com/onecoin-biggest-scam-history/
The infamous Multi-Level-Marketing (MLM) scheme and so-called ‘cryptocurrency’ Onecoin is under investigation once again. On April 10 the German Federal Financial Supervisory Authority otherwise known as Bafin has frozen funds connected with a Onecoin payment processor.
GAW Miners CEO Homero Joshua Garza has reportedly pleaded guilty to wire fraud in a deal to wrap up a criminal case brought by the SEC. Sentencing will take place at a hearing on 1st June after further interviews with victims.
Long long time ago I used this site. I did ok and life happened.
Had a couple posts had some fun then I had to work my butt off with college and work. I decided to check back into my wallet today and I have discovered I have a lot more steem then I thought I did.
One of my writer friends was underwhelmed when I told him about steemit. You could almost hear his eyes.
Why would anyone pay money to see a blog?
It took me a few moments to respond.
I think this is the biggest opportunity for Steemit.
Educate writers and bloggers.
Since I used this site the price per steem has gone up 5,000 satoshis. More than a 33 percent increase!
I wasn't sure how to tell my friend about steemit. How it works etc. But i think it is important to learn how. And that what he said: steemit is for suckers. Make sure it only applies to those who don't sign up for it.
Comment below how you converted friends and family to sign up for here!
I've just discovered that someone has set up a new website registered under invictus-innovations, using our old business address data and stealing content from everywhere.
Neither Invictus nor I have anything to do with this site nor did we register this domain.
It is prima face a scam.
The pages to raise funds for projects have become very popular these days, thousands of people with faith or malice put their projects on this type of pages.
It seems to me a great idea, people can contribute what they can, whether they are only $ 5 and with the amount enrolled in these pages and the opportunity to link the publication with Facebook that is the largest social network more people can get to know your project .
Pages like GoFundMe where you can place ads from a financial aid to buy a pair of shoes to buy a house or go on vacation.
Or as a kickstarter, where you can post cooking projects or electronics and software. This page is also part of Latin America.
But I see audition that I find absurd and seem rather pitfall hunting traps.
Who will need $ 30,000 for a lawn mower and gard