This morning we discussed ponzi schemes and what classifies.
Enjoy
Subscribe to my videos on youtube for a chance to win bitcoin. I do a giveaway ever 1,000 subscribers!
.
.
.
.
SPONSORED:
Bitcoin SwC Poker, download and use affiliate code: Blazin8888 when creating an account for rakeback at tables
You're definitely right about Control Finance having a nice website. It's better designed even compared to BCC website. Control finance seems like a Ponzi scheme. The commissions on their plan especially at the advance level appear to be just too large to sustain that scheme for a long a time.
Ponzi schemes almost all end up in failure. The people who make the most money in them are the founders followed by the people who got in really early then cashed out.
If BitConnect is here end if next year you all are going to be pissed off! Well the people that havent invested init! Most ponzis are take ya bitcoin for silly hourly accumulative payouts that never come in the end. Bitconnect has somthing to offer. it has a coin that you buy with your btc! I only invest what I am not dependant on. do the same!
well said Williams! more guys like you need referrals!
Am small fry in this game haha. 😆
Nice Video
I agree!
"Is it too late to join Bitconnect?"
"Yes. It too late to join Bitconnect."
All win.
No it aint!I got 4.3k in BCC https://bitconnect.co/?ref=williams858
Watch the video, understand the joke.
"....and it's gone!"
I totally agree with you BitConnect has a BlockChain and buy and sell orders list is long - so this makes for 50% of validation - now the trading bot is a question but if it pays lets just collect
anyways never invest more then you can afford to loose
I agree, also if the price of BTC continues to rise then it increases the longevity of bitconnect. If there was a way to view the trading bots trades that might help dispel some doubt.
Unless you want to outsmart potential Scam -
1 Deposit what you can afford to loose ( lets say $1000 )
2 in about 100 days Bot will pay that back in profits
3 withdraw $1000 you just made
and just play the rest of the game basically for FREE
this is my Plan :) https://bitconnect.co/?ref=xgrosz
"I got one question, does it have a blockchain?"
bitconnect does yes
Many Nigerians lost a lot in different ponzi schemes this year. I also lost alot. The search of other means of income as a student led me to Steemit after losing alot to Ponzis. I had to buy steems to power up though because i so much believe in Steemit. Resteemed
Bitcoin just surpassed it's all time high and this time it's fucking smashed it! W00P W00P
The amount of Ponzi Schemes in the crypto space is crazy. Keep it simple, buy the strongest assets and hold them!
haha awesome streem man
bitconnect is not a ponzi scheme
yeeeeyyyyyyyyyyyyy
@trevonjb im glad you brought this up in todays new vast world of crypto there is a lot of opportunity and with opportunity there's always those that are trying to take advantage of it. It is a smart thing to raise awareness of Ponzi schemes we may not ever be able to stop them but we can absolutely put a dent in their plans by coming together maybe we should start a page where we list all of the known Ponzi schemes even the old ones that had been caught and shut down as a reference who knows it might just help.
I enjoyed the talk. I was there on my youtube account "Chrono Rising" I don't make videos or anything but that's the account I was using. I like how you keep it real.
People really do just throw around terms they have no frickin clue about, or what they mean. Its just fear talking on there end. Great video as always bro, keep the content pumping! Glad to see you killing it out there!
Ponzi schemes just suck period. Made to make the boss of it richer & pretty much screw the rest that are below him/her. HYIPs are shit too. Years ago i was part of a HYIP & actually got paid. After that, haven't got crap. They jump server to servers & their info is private. The choice is ultimately yours which you have to be VERY CAUTIOUS.
bitminer owes me 0.00517600 BTC
have been following you for a while now, man you funny as hell and i learned a lot from ya....cheers mate god bless ya!!
Great video. I think bitconnect has a very bright future
why you always do so good!, hahahaaha, i'm little jeolous :D @travenjob
Thanks tre! Best guy in the crypto scene ill say it all day long.
amazing topic @trevonjb "Ponzi schemes" these schemes really make the internet the worse place.
ponzi schemes i really want btc sir and sure i get it if this get us from ur video
helpfull buddy
keep it up
its wonder full if we win the the btc from ur video really i subsucribe it trevonjb sir
Another amazing video thanks for sharing with us @trevenjob!!
Nice information about ponzi schemes.
I only know one thing about ponzi schemes. They never work except the creators :D
Thanks for the update trevon much love!
ponzi has thought me a lesson i will not forget.
Another super video !! Great, I like your job!
I invite you to go through my blog may be to your liking and I can learn more from you !!
Https://steemit.com/spanish/@milagros/la-mano-del-man-the-man-s-hand
I think ponzi is a relative term, any program which seems to be legit and legal turned out to be ponzi later.
As always nice video talking about different possible ponzi schemes
Amazing !
damn right true!
Upvote just for that face👌🏼
I think All HYIP propositions are ponzi schemes. There is no other way to explain the high returns that they promise. Please correct me if I am wrong here.
So the point is that most of the companies operating such websites seem to get away with the crimes. Not sure if they are pursued & brought to book.
The silver lining though is that some of the forums (like bitcointalk.org) do discuss such issues & warn others not to invest.
If someone is making crazy profits with a trading bot, no scheme involved. However, there is a lot of people who are "bag holders" or people who lost money. Stocks and all trading instruments are transfers of wealth. Not money makers necessarily.
People want to say that Steem is a ponzi, but you can make $$$ here without putting up any of your own funds. That goes against what a Ponzi scheme is because without new $$$ CONSTANTLY flowing in a Ponzi falls apart. I love the ideas of Steem and Bitconnect, great livestream.
Umm. Every business depends on new or repeat money flowing in to stay operational. Is that the definition of a ponzi? If the owners at the top of a business makes more than the workers at the bottom does that make that business a ponzi or pyramid? If a business pays its sales team a commission to bring in more clients who spend money in that business does that make it a pyramid?
Bitconnect is the truth thru the roof and I think this is just the beginning to a beautiful journey towards building wealth and being financially free
trevon how about avalon life?
Control Finance and Bitconnect are both Ponzi pyramid schemes with elements of crypto overlaid to give the appearance of legitimacy.
Yeah, my first capital release is around Christmas.
Well said , I am still studying about control finance though. Invested a few bucks but referral helps a lot.
I hate how you gotta go to the YouTube page to hit the Like buttom. I wanna be hitting u with YouTube likes, but I don't be wanting to go on YouTube
The capital releases are going to put selling pressure on the BitConnect Coin as people transfer their capital release into BitConnect then sell that into Bitcoin to "Withdrawl to their bank account!", so around then could be a good time to buy and HODL some BCC tokens
Been in control finance for a month. My approach with this stuff is wait and see, just put a small deposit and watch what it does. I think what's happening is forex traders who use bots to trade forex are just opening margin accounts on crypto exchanges, and then taking in investor's money and trading it on exchanges using bots and giving investors a small chunk of the profit.
For a forex trader this is probably just as easy and more profitable than an actual ponzi. There are NO regulations on trading crypto. You can trade as many times as you can a day, 24/7, 365.
What i did not notice: you ain't gonna get your investment back. Your deposit will stay there for as long as control finance is around. Just hope to make enough profit to get the deposit back ;)
yup. They lock up your money for good. I already made 400% profit though.
@trevonjames you need to see they way ponzischeme was in my country for the past four months but now it has reduced
Great video men really loved it i'll make sure to subscribe