Bitconnect


Waldo asked 9 months ago

Hi, I just invested in Bitconnect, seeing how in numbers they pay the interest and the numbers that the website shows, goes with the math, however, I have been reading and hearing that this cryptocurrency can be a scam.
So at this point, I’m searching for the information to make sure, what I have done, and what I’m doing to solve any inconvenience this could bring me.
Can you guys help me to find more information about it.
But real information, not about people that talks about how the system could be a scam but never had invested in bitcoin.
Any guide can you give me I will appreciate it.

Jacques van Brakel replied 9 months ago

Hi Waldo

I was and probably am still in the same position you are now seeing that I thought the same as you 2 months ago and invested more than what I should have, but so far I can not complain as the profit is fantastic and the down time of the website and the bad news surrounding bitconnect is quite a regular occurrence and so far is always proved wrong.

Go to youtube and search for my channel “Jacques van Brakel”, where you will find an accurate log of my investment progress and some useful information on how to improve your investment and even pull your bitconnect investment out within 150 days, in stead of the normal 1 year contract and look at the bottom of the youtube videos of mine for my contact information if you need to talk any time.

For now read and look at the following for more information about my thoughts about bitconnect and davorcoin, which I am also invested in and please contact me if you need further information, but keep in mind I ma no financial adviser or expert and all of this is just based on my own opinions and 15 years worth of forex and crypto trading.

Bitconnect is a SCAM / Ponzi Scheme … Or not ?

*****************************************************************

For a video version of this then please go to :

So I have been hearing that bitcoin is a scam.
No wait bitconnect.
No wait anything new …..

Wait a moment.

Why is it a scam ?

Lets list the reasons why people say it is a scam ?

********************************************************
(1) They GUARANTEE 1% profit a day
********************************************************
(…)
Where?
No where on their site or any of their official documentation do they guarantee that.
Some days it is 1.5% and others 0.1% or even 0%.
I agree that a guarantee on 1% profit sounds like a scam, but I can find no official source indicating that, still people are hammering this point.

Still.
A lot of the same people say it is possible to create a bitcoin bot to trade that will make way more than 1%, precisely what bitconnect is saying that they are doing.
Then the people turn around and say that is a scam seeing that if the bot make more that 1% then why only pay out a fraction of that ?
Well.
They are a business and they take profit first and share the rest.
I have no problem with that and in any case I have got no access to these bots so I am more than willing to let them run their bot and I take some profit than me taking no profit for not having access to the bot.

********************************************************
(2) Bitconnect will disappear soon with your money.
********************************************************
(…)
Well maybe.
I do not know that.
As for any new thing.
The only proof that it is a scam or it is not a scam is by looking at their history.

Bitconnect has been running for more than a year now.
In this time many investor were paid out.
I can find no report of anyone not receiving their profits.

So going by this there is no proof of it being a scam.
Will bitconnect exist a year from now.
I do not know and I can only comment of the actual history.
And the history is clean and the theory behind a trading bitcoin bot makes sense as there are bots like that out there.

********************************************************
(3) Pyramid / Ponzi scheme.
********************************************************
(…)
Yes you are correct ………..
Just like pick and pay …..
Just like your bank ……
Just like Woolworth …..

What the h?ll.
Everything is a pyramid scheme.

So how do they classify a pyramid scheme.
People are payed by the investments new people are making.

Again I do not know if that is the case.
I can only look at the history and so far everyone got their profit.

Then again your bank also takes in new clients.
Why is your bank not a pyramid scheme ?

Ok OK.
So then the people say “but they pay people for subscribing new people”.
Well … Yes they do.
So does some bank if you get people to open a new account with them then you receive a bonus.
As do a lot of food companies.

It is a good way to get people to do advertisement for them, instead of paying millions to add companies they give that back to the investors.
Most big companies do this because it is so effective and cheap, compares to the add company alternative.

So am I saying they are not a pyramid/Pony scheme.
NO
A BIG N.O

I am saying I do not know and the only thing I can go on is their history, which thus far is clean.

********************************************************
(4) If all you can go on is the history then it must be a ponzi scheme.
********************************************************
(…)
If that is true then everything must be ponzi schemes, unless you have access to a time machine to make sure that in future they are still there.

Many years ago the same was said about bitcoin.
I which I invested in bitcoin when it started.

I do not have a time machine.
If I did I would have invested in bitcoin only, rather than bitconnect, but I can not complain about the profit I am getting from bitconnect and I am protected if the price of bitcoin drops.

********************************************************
(5) Bitcoin rose more than Bitconnect.
********************************************************
(…)
That is no proof of a ponzi.
Actually that is the opposite of that.
That actually means that even if bitconnect does not have a trading bot then they could just pay the profit to their investors from the profit they make from JUST holding on to the bitcoin they get.
If they have got a trading bot as they say then they really must make more than enough to pay their investors indefinitely.
There are many trading bots that claim to make multiple percentages a day, so why would bitconnect not use one of them?

Truthfully I wished I held on to my bitcoin, which gained 70% in the last months, compared to my bitconnect investment which gained 25% in the same time.
But hey.
Bitcoin could just as well have gone down, which bitconnect will be protected from.
Bitcoin a few days ago was $20,000 and yesterday it went below $14,000.
If I invested in bitcoin when it was at $20,000 then I would be crying now.

I believe bitcoin will grow a lot next year, but then bitconnect will also, without the bitcoin crash heart attacks.

I am satisfied with a 25% monthly growth.

My personal opinion is that I do not know if bitconnect it a scam, but I see no proof of it being a scam, based on their history.
I know people saying that casinos are no scam and to then I say to rather put that casino money in bitconnect if you are so willing to throw it away.

I say invest only what you can afford to lose.
Invest in bitcoin for multiple reasons.
Look at this video for some of the bitcoin investment reasons :
https://youtu.be/U46aDzLyqw8

As they say to put your money where your mouth is.
Look at the following video to see my own personal investment :

Do I want people to sign up under me.
YES of course I do.
Money is money and it would be nice to make money if people sign up under me if it costs them nothing.
I even created a special program for them to use to make the investment process easier :

Go to youtube and listen to everyone, but beware that there are a LOT of doom profits.
So listen for proof to what they are saying.
I like to hear the bad about something first before I make a decision and during the months I looked at bitconnect I could find no proof of any problems, thus far.

But please invest responsibly and take not that I am no financial adviser and that everything I spoke about is my own opinion so do your own investigation and good luck.

If you want to support me then please sign up using the following links:
Sign up for Bitconnect with this link:
Sign up for Davorcoin with this link: https://davor.io/Account/Registration?r=43AF98

And yes if you sign up then I will get a bonus.
Please send me an email to [email protected] if you signed up under me so that I can send you the automation program also.

Enjoy.

2 Answers
Steven Hay answered 9 months ago

Hey Waldo,
 
Sure thing, we have a guide on this exact subject:
 

Bitconnect Review: Is it Legit?


 
My recommendation would be to get your money out as soon as you can. Even if you might make a profit, it’s just not good karma to support things like this.

Jacques answered 9 months ago

Hi Waldo
I was and probably am still in the same position you are now seeing that I thought the same as you 2 months ago and invested more than what I should have, but so far I can not complain as the profit is fantastic and the down time of the website and the bad news surrounding bitconnect is quite a regular occurrence and so far is always proved wrong.
 
Go to youtube and search for my channel “Jacques van Brakel”, where you will find an accurate log of my investment progress and some useful information on how to improve your investment and even pull your bitconnect investment out within 150 days, in stead of the normal 1 year contract and look at the bottom of the youtube videos of mine for my contact information if you need to talk any time.
 
For now read and look at the following for more information about my thoughts about bitconnect and davorcoin, which I am also invested in and please contact me if you need further information, but keep in mind I ma no financial adviser or expert and all of this is just based on my own opinions and 15 years worth of forex and crypto trading.
 
Bitconnect is a SCAM / Ponzi Scheme … Or not ?
*****************************************************************

For a video version of this then please go to :

So I have been hearing that bitcoin is a scam.
No wait bitconnect.
No wait anything new …..
Wait a moment.
Why is it a scam ?
Lets list the reasons why people say it is a scam ?

********************************************************
(1) They GUARANTEE 1% profit a day
********************************************************
(…)
Where?
No where on their site or any of their official documentation do they guarantee that.
Some days it is 1.5% and others 0.1% or even 0%.
I agree that a guarantee on 1% profit sounds like a scam, but I can find no official source indicating that, still people are hammering this point.
Still.
A lot of the same people say it is possible to create a bitcoin bot to trade that will make way more than 1%, precisely what bitconnect is saying that they are doing.
Then the people turn around and say that is a scam seeing that if the bot make more that 1% then why only pay out a fraction of that ?
Well.
They are a business and they take profit first and share the rest.
I have no problem with that and in any case I have got no access to these bots so I am more than willing to let them run their bot and I take some profit than me taking no profit for not having access to the bot.
********************************************************
(2) Bitconnect will disappear soon with your money.
********************************************************
(…)
Well maybe.
I do not know that.
As for any new thing.
The only proof that it is a scam or it is not a scam is by looking at their history.
Bitconnect has been running for more than a year now.
In this time many investor were paid out.
I can find no report of anyone not receiving their profits.
So going by this there is no proof of it being a scam.
Will bitconnect exist a year from now.
I do not know and I can only comment of the actual history.
And the history is clean and the theory behind a trading bitcoin bot makes sense as there are bots like that out there.
********************************************************
(3) Pyramid / Ponzi scheme.
********************************************************
(…)
Yes you are correct ………..
Just like pick and pay …..
Just like your bank ……
Just like Woolworth …..
What the h?ll.
Everything is a pyramid scheme.
So how do they classify a pyramid scheme.
People are payed by the investments new people are making.
Again I do not know if that is the case.
I can only look at the history and so far everyone got their profit.
Then again your bank also takes in new clients.
Why is your bank not a pyramid scheme ?
Ok OK.
So then the people say “but they pay people for subscribing new people”.
Well … Yes they do.
So does some bank if you get people to open a new account with them then you receive a bonus.
As do a lot of food companies.
It is a good way to get people to do advertisement for them, instead of paying millions to add companies they give that back to the investors.
Most big companies do this because it is so effective and cheap, compares to the add company alternative.
So am I saying they are not a pyramid/Pony scheme.
NO
A BIG N.O
I am saying I do not know and the only thing I can go on is their history, which thus far is clean.
********************************************************
(4) If all you can go on is the history then it must be a ponzi scheme.
********************************************************
(…)
If that is true then everything must be ponzi schemes, unless you have access to a time machine to make sure that in future they are still there.
Many years ago the same was said about bitcoin.
I which I invested in bitcoin when it started.
I do not have a time machine.
If I did I would have invested in bitcoin only, rather than bitconnect, but I can not complain about the profit I am getting from bitconnect and I am protected if the price of bitcoin drops.
********************************************************
(5) Bitcoin rose more than Bitconnect.
********************************************************
(…)
That is no proof of a ponzi.
Actually that is the opposite of that.
That actually means that even if bitconnect does not have a trading bot then they could just pay the profit to their investors from the profit they make from JUST holding on to the bitcoin they get.
If they have got a trading bot as they say then they really must make more than enough to pay their investors indefinitely.
There are many trading bots that claim to make multiple percentages a day, so why would bitconnect not use one of them?
Truthfully I wished I held on to my bitcoin, which gained 70% in the last months, compared to my bitconnect investment which gained 25% in the same time.
But hey.
Bitcoin could just as well have gone down, which bitconnect will be protected from.
Bitcoin a few days ago was $20,000 and yesterday it went below $14,000.
If I invested in bitcoin when it was at $20,000 then I would be crying now.
I believe bitcoin will grow a lot next year, but then bitconnect will also, without the bitcoin crash heart attacks.
I am satisfied with a 25% monthly growth.

My personal opinion is that I do not know if bitconnect it a scam, but I see no proof of it being a scam, based on their history.
I know people saying that casinos are no scam and to then I say to rather put that casino money in bitconnect if you are so willing to throw it away.
I say invest only what you can afford to lose.
Invest in bitcoin for multiple reasons.
Look at this video for some of the bitcoin investment reasons :
https://youtu.be/U46aDzLyqw8

As they say to put your money where your mouth is.
Look at the following video to see my own personal investment :

Do I want people to sign up under me.
YES of course I do.
Money is money and it would be nice to make money if people sign up under me if it costs them nothing.
I even created a special program for them to use to make the investment process easier :

Go to youtube and listen to everyone, but beware that there are a LOT of doom profits.
So listen for proof to what they are saying.
I like to hear the bad about something first before I make a decision and during the months I looked at bitconnect I could find no proof of any problems, thus far.
But please invest responsibly and take not that I am no financial adviser and that everything I spoke about is my own opinion so do your own investigation and good luck.

If you want to support me then please sign up using the following links:
Sign up for Bitconnect with this link:
Sign up for Davorcoin with this link: https://davor.io/Account/Registration?r=43AF98
And yes if you sign up then I will get a bonus.
Please send me an email to [email protected] if you signed up under me so that I can send you the automation program also.
Enjoy.

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