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Is Bitconnect A Good Investment?

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#1 SiriusTraffic

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Posted 21 December 2017 - 09:58 PM

Has anyone here heard of Bitconnect or is currently using it?


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#2 Darren Olander

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Posted 22 December 2017 - 11:04 AM

It appears to be a ponzi.


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#3 market101

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Posted 23 December 2017 - 01:10 AM

First rule:  If you are going to invest in bitcoin or anything for that matter, make sure you do not invest more than you can afford to lose.  If you have doubts, don't do it?  As far as bitcoins go, I invested a small amount with "coinbase", over a year ago.  So far so good  :)  I do not know the owners.  Keep in mind if something is a  well run ponzi scheme, it could go on for quite awhile.


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#4 rpsmith

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Posted 03 January 2018 - 03:28 AM

I have been wondering about bitconnect myself. I have seen their ads appearing nearly everywhere I surf nowadays. Have wanted to invest till now. Got burned more than once in these, now I am twice as leary of them.


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#5 Glen Palo

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Posted 09 January 2018 - 02:44 PM

The Texas State Securities Board issued a cease-and-desist order to BitConnect on 4 January 2018. Basically, BitConnect is a ponzi scheme.


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#6 jackchun

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Posted 24 January 2018 - 05:19 AM

Bitconnect now disappeared, just as expected !!
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#7 rpsmith

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Posted 16 February 2018 - 05:50 AM

As I always try to say. Do your due diligence. Most of the time, you can tell a scam because they promise you the world with no work. I think most people still need to educate themselves more on bitcoin before getting into it.


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#8 market101

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Posted 16 February 2018 - 11:46 AM

As I always try to say. Do your due diligence. Most of the time, you can tell a scam because they promise you the world with no work. I think most people still need to educate themselves more on bitcoin before getting into it.

 

Yes.  We all need to educate ourselves more.  BTW, If getting involved for free is an option, I suggest you do that first.  You can always upgrade after you are more comfortable with the process.  You know that old saying, "Don't put all of your eggs in one basket" ?  Seems to be good advice.  Instead of investing a lot in one program, why not invest a little in several programs.


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#9 rpsmith

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Posted 17 March 2018 - 06:17 PM

Yes.  We all need to educate ourselves more.  BTW, If getting involved for free is an option, I suggest you do that first.  You can always upgrade after you are more comfortable with the process.  You know that old saying, "Don't put all of your eggs in one basket" ?  Seems to be good advice.  Instead of investing a lot in one program, why not invest a little in several programs.

 

While I agree with you on the idea of starting for free, I have noted that some scam sites offer free memberships but make them so unattractive that upgrading is the only way to make any real money. I see this alot with the new wave of bitcoin/altcoin miners that seem to be flooding the net these days.


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