I had the same arguments with people getting into Bitconnect who told me I was an idiot for buying Bitcoin 3-4 years ago. There was never any "Trading Bot" nor anyone proof of one. I am quite frankly pleased with today. Nothing will benefit this sector more than flushing out the bad actors and the Altcoin pump and dumpers.
Hey @vogeltron1 yeah I agree it's refreshing to flush out some of the bad actors. My fear however is that this gives a bit of a black eye to crypto from the eyes of people who don't know enough to distinguish between HYIP programs and ponzi schems and actual cryptocurrency. The timing of this doesn't really help either with Bitcoin and crypto already in a slide. In the longrun though your right it's healthy
Crypto coin/token with affiliate program attached to it most likely will ruin the coin/token in the long run. As we can see now on coinmarketcap all the top 25 coins/tokens have no affiliate programs attached to them. Top 26 is Binance. If Binance continues its affiliate program, it won't survive in the long haul.
As an affiliate marketer I like affiliate programs so I'm biased, however Binance is simply an exchange and they want to get the word out, with Bitconnect essentially being a ponzi scheme it was like hey bring in more suckers and we'll pay you.
I agree I think the Binance affiliate program will go away but not because of reputational harm but more so just because they don't need affilaites, they're growing super fast and don't need to pay people to get the word out. Heck they've already dropped the affiliate payout from 50% to 20% so soon enough it will go away entirely.
What's your thoughts on Kucoin token? It's dirt cheap today thinking about picking some up. I'm not a fan of the exchange myself but know that many others are. They also have an affiliate program
Kucoin has MLM attached to its affiliate program. Its a good start as most MLM companies are but for long term, I'd rather pick Binance. I like Kyber Network (kyber.network) you can check it out. And love to hear from you if you make a review.
Dropped all the way to #100 on CMC. I too think it’s a scam but did bitconnect come out and say anything? Or are they just bleeding like every other crypto?
Lol. But I really dont think bitconnect is the only one suffering this misfortune. For some days mow, the crypto community have really been bleeding. And as some people predicted. Its just the genesis
Ouch, its hard to feel bad for people who fell by this. But in a seriousness, there are a lot of people who lost a lot of money because of BCC. That sucks.
I had the same arguments with people getting into Bitconnect who told me I was an idiot for buying Bitcoin 3-4 years ago. There was never any "Trading Bot" nor anyone proof of one. I am quite frankly pleased with today. Nothing will benefit this sector more than flushing out the bad actors and the Altcoin pump and dumpers.
Hey @vogeltron1 yeah I agree it's refreshing to flush out some of the bad actors. My fear however is that this gives a bit of a black eye to crypto from the eyes of people who don't know enough to distinguish between HYIP programs and ponzi schems and actual cryptocurrency. The timing of this doesn't really help either with Bitcoin and crypto already in a slide. In the longrun though your right it's healthy
Yea, I agree. Anything that brings in the Government is always not good in my opinion.
Crypto coin/token with affiliate program attached to it most likely will ruin the coin/token in the long run. As we can see now on coinmarketcap all the top 25 coins/tokens have no affiliate programs attached to them. Top 26 is Binance. If Binance continues its affiliate program, it won't survive in the long haul.
As an affiliate marketer I like affiliate programs so I'm biased, however Binance is simply an exchange and they want to get the word out, with Bitconnect essentially being a ponzi scheme it was like hey bring in more suckers and we'll pay you.
I agree I think the Binance affiliate program will go away but not because of reputational harm but more so just because they don't need affilaites, they're growing super fast and don't need to pay people to get the word out. Heck they've already dropped the affiliate payout from 50% to 20% so soon enough it will go away entirely.
What's your thoughts on Kucoin token? It's dirt cheap today thinking about picking some up. I'm not a fan of the exchange myself but know that many others are. They also have an affiliate program
Kucoin has MLM attached to its affiliate program. Its a good start as most MLM companies are but for long term, I'd rather pick Binance. I like Kyber Network (kyber.network) you can check it out. And love to hear from you if you make a review.
Shit was bound to happen and everyone was warned. sorry not sorry my friends!
Always told everybody that BitConnect was a scam...
Dropped all the way to #100 on CMC. I too think it’s a scam but did bitconnect come out and say anything? Or are they just bleeding like every other crypto?
Lol. But I really dont think bitconnect is the only one suffering this misfortune. For some days mow, the crypto community have really been bleeding. And as some people predicted. Its just the genesis
A sad day many will have to go back to a job after this, diversify into other alts.
Ouch, its hard to feel bad for people who fell by this. But in a seriousness, there are a lot of people who lost a lot of money because of BCC. That sucks.