When Certain People Were Pushing This Garbage on Steemit and Youtube I Was There to Warn You.
In our crypto trading groups on Facebook we were banning people daily. Humans seem to continue to fall for this garbage.
Never Give Up Your Crypto for Possible Future Gains via Ponzi, MLM or HYIP Schemes.
When people say, "but Randy, people lost a lot of money because of Bitconnect". I don't feel bad here is my list why.
- A simple Google search of Bitconnect would have opened up Pandora's box.
- People are greedy.
- People are lazy.
- People don't educate themselves.
- People can't do basic math.
I Have Made Mistakes as Well.
When I first went big into Crypto I bough into an HYIP (High Yield Investment Program). The number seemed so appealing and I was still green behind the ears in crypto. I invested 1 Bitcoin and after a few weeks the website disappeared. I lost .5 BTC in that debacle. But you know what I did? I accepted my stupidness and did not blame anyone else.
I also have BTC cloud mining pools with Bitclub. I have invested over 20 Bitcoin in Bitclub. Would I recommend others do it, nope! If I knew what I know now there is no way in hell I would hand over my Bitcoin to be paid back scraps. Sure I earned my money back in USD but I have not come anywhere near a return on my BTC invested.
There is a Great Aspect of Life That People Should Utilize.
Listen to those who have come before you. We have a wealth of knowledge to pass down.
Most people fall for these type of scams partly because of ignorance and greed, but also because of desperation.
With the economy in the USA & Europe limping along - not to mention out of control housing costs - what do you expect?
Everyone is frantically trying to make ends meet, and when income and job insecurity is at an all-time high, people get desperate and fall for these schemes.
One part of me wants to chastise every participant of Bitconnect for their gullibility, but another part of me has compassion for these hurting souls.
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Good point. Everyone mad a mistakes. I did many and cost me lot of $. But I’m thankfull for these mistakes, because it didn’t kill me and I learned. What doesn’t kill you makes you stronger.
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In this case it would not kill anybody... Just make them poorer. ;)
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Whoa !
I did not think that pessimist about bitclub.
Can you enlighten me more ?
A friend of mine is pushing it full steam.
Just wondering.
When it is too good to be true you know it is crap.
Keep on steemit.
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make it clear for all of us
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lmfao
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I agree that the only reason bitconnect worked at all was because it banked on greed and stupidity! This was an obvious scam. I personally thought that it could go on for longer due to the BCC token cut out and it probably would have if not the perfect storm of legal action and btc crash. Hell, they even had an ICO st the end! Now why on earth would a company with a bespoke trading bot that never lost and generated minimum returns of 1% a day, need to raise funds? Yet people still bought it!
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We have to read and search a lot befor make an investment in any ico because of that so good do not give so much. Regards
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How 'BAD" can it get ???!! The most tacky stuff I have seen since years :)
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But you know, Bitconnect made crypto hilarious with this video. It's really funny video. It's a meme, maybe first meme.
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Oh well....its still garbage in a way ...isnt it? I was laughing out loud ...thats enough
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Some people made money from it, some lose, is it a galactic balance? I don't know)) WASU WASU WASU WASU BITCONNECTTTTT
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You showing good point @hilarski. Peoples attracted with bitconnect those day. But finally understood better them what's a bitconnect. I believe it would be scam. Some peoples lost some money when they were invest in bitconnect. Thanks for given valuable details.
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@hilarski, I seriously know Bitconnect(Shit) is really scam.. Is not only created bitcoin. It name called "Shitconnect". I have no connection with bitconnect. Nice song indeed. Nut peoples must be carefully with like as bitconnect sites. Nice information.
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Great article right there Mr. Hilarski
Steemianz, peep through my related article: Bit-disCONnected: The Crypto Dip Smart Individuals Will Definitely Not Buy Into
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You are right, we should listen to people we trust, even if we make a mistake, there's nothing wrong with learning mistakes, we'll have a lesson for the future. Thank you for the article.
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With this I won the contest :D
Peace <3
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Everyone knows bitconnect is scam but peoples are greedy. You warn us many times. Thankyou
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Cause they don't believe in you. And you have never give up tendency that's why after loosing 5 BTC you don't give up
@hilarski
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I am still in learning phase on this platform and yes this is the most profitable thing i learnt so far
Thanks @hilarski for the great piece of advise
Stay Blessed, Steem On!
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A tough lesson for a lot of people, but hopefully one they'll learn from and not make the same mistakes again.
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Well, some will call the whole crypto-industry a scam, due to not understanding how it works
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Very true. People even react like that to Bitcoin corrections. I guess a lot of people are investing more than they can afford to lose, and not taking the time to learn anything before doing it.
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wow and awesome song and really true and sure we need to search first and then beware from these scams and also our greedy minds hilarski sir
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I almost fell for the trap which was once called Bitconnect! Almost pulled the trigger one month before they closed...good thing my fiat to BTC took so long now! LoL Thanks for the post!
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Thank goodness!
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true i agree with you people are greedy and they always try to snatch what you have be aware of Ponzi scams thanks for spearing awareness
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And there were people still promoting this scam shit even some hours before it shut down(well kind of)..no pitty
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Thanks for the information and good article.@hilarski
100% like and resteem
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I heard a lot of horror stories about people engaging in crypto ponzi schemes or mismanaging their cryptocurrencies and getting it stolen or sending it to the wrong address. I was lucky and have been very careful taking a lot of time to research both the cryptocurrencies I wish to purchase as well as the best method to secure and protect my purchase. Especially with what we saw today in Japan and how Coincheck reportedly lost around $400 million worth of NEM tokens due to a hack shows the importance of proper planning and security within this system. It is important to move your cryptocurrency off the exchanges immediately after purchasing them as the exchanges have proven themselves to be vulnerable.
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@hilarski,
I was an active Revshare and HYIP player. Lost almost 30-40 BTC in last year! But can you believe that I was the owner of a RevShare also? MytrafficAdsPay it was mine, I tried to run a scam free Revshare, but I failed. As a result of that I did refund. Yeah industry #1 and only revshare which refund all users before it shut down. BTC was at 1800 USD at that time :D After that I stopped my online investments. And I never ever trust PONZI, MLM, HYIP!
Cheers~
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I totally agree people need to start doing there own research you can’t put money into things without doing your research people. Just hope the community can learn from this.
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We need to peruse and look through a great deal befor make an interest in any ico due to that so great don't give to such an extent.
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awesome song and really true and sure we need to search first
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What a pile of trash, tbh I'm quite surprised that it is even still worth $10
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Everyone knows bitconnect is scam.
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The video link is broken.
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Bitconect steal everyone and give you back the money a wrong way
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wonderfull tune and beyond any doubt we won't give my crypto for these sort ponzi plans
what's more, I think the primary thing is just that the general population are insatiable @hilarski
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question of lack of confidence I think Mr hilarski .. thank you
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Great article. Nice song indeed.
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Hey thanks for the head up. Im a new believer in bitcoin and looking for ways to build my wealth through bitcoin.
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upvoted and resteemed.
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What goes up must come down.
The ineffable act of losing while you can just invest in the right coin is priceless.
Keep on steemin'
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As soon as I heard about CryptoGranny I knew Bitconnect was a scam! CryptoGranny was an older women who got into it from her son. She said she had been forced into retirement and was now making $50 a day to supplement her retirement income. She said she was "investing" 🙄
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LOL
did you make the music video?
Had me cracking up.
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I haven't held still 1 btc , haha
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Hip hop hurrah. Enjoy bitcoin music video. Thanks for sharing
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@hilarski i fully agreed with your thoughts and advices. you always guided well. and also well said in scam song, I am gonnna get my bitcoins, no no no....
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It is very unfortunate but you are very right dear friend @hilarski, people are greedy and want to earn money already, the easier the better, the ambition leads to invest in unsafe pages and high risk, that they say inberti a bitcoin and in a month you withdraw another, you have to suspect, the easy and very good lasts little.
Thank you very much for sharing this information
I wish you a great weekend
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Don't mind @hilarski, I think it very important to follower so I highlight it below. When people say, "but Randy, people lost a lot of money because of Bitconnect". I don't feel bad here is my list why.
A simple Google search of Bitconnect would have opened up Pandora's box.
People are greedy.
People are lazy.
People don't educate themselves.
People can't do basic math . also enjoyed the music video. Thanks for sharing me
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Some people think:
1.- Fast return of my money, if not, I do not invest ... (very badly)
2.- I invest my money and go to sleep, I do not educate myself, I do not think where the money comes from in these schemes PONZI. (Very badly)
3.- I invest because I need money urgently and soon. (very bad)
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I really proudest to watching your video.this is vary difficult. And i love more same song.thanks for sharing @hilarski
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Some dishonest people got very wealthy off of the backs of others. Hopefully these people will remember the golden rule... because karma doesn't play dice!
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I'm glad all the hype is over but this was a nice post , happy for those who didn't invest including my self
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It seems, therefore, that investing in electronic currencies is a kind of frank speculation, unsecured by consequences, and obligates the owner to prepare for the possibility of losing everything at any moment for any possible reason, no matter how bright and attractive the currency looks,
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I still cant believe in it, there were guys who was sure about 1% earn each day so much they encourage others to put all money into it.
You could get scammed and its nothing wrong in it, but pulling other people into the same scame is the next level of stupid.
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I was just watching few guys complaining and so mad that they have lost a lot of money in Bitconnect and telling everyone not to get into cryptos etc.
I feel very bad for these people and my heart is broken to watch them lose everything, but they blame everything else but themselves which is silly.
Like you said, they don't study or search anything, just jump in it, and it doesn't mean that cryptos or Bitconnect is wrong, but just like everything else it has it's timing and a lot of people got hurt because they jumped in the wrong time.
Everything in life we do, we have to take the risks if we want to succeed in life and that doesn't mean every risk we will take will succeed because then that would not be a risk, but we have no one to blame but ourselves if it doesn't work out and from that we learn and grow (part of life), speaking from my own experience (had the world in our hands and then lost everything) but I would not change a thing because everything in life happens for a reason and we have learned so much from it and it made us stronger, but again we did not blame anything or anyone and I hope these poor people can do the same.
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Great post. upvoted and resteemed!
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Sound advice @hilarski once bitten, twice shy. There really are some wicked schemes and scams out there, research, research and more research.
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Hello sir..
I would like to introduce my place the first time, im comming from indonesia. Im here just wanna say that i love your post this one, too many peoples confuse with what you think in this wrote. Btw im here newbie on steemilt, and i need your help here how the way to get new friend that have big power steem. Succes always for you.
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soon as i saw that clown jumping around all loud and cooning like that! I knew it was only a matter of time lol smh
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I’ve made similar mistakes in other fields. I’ve also made a few mistakes by following the hype in the crypto world like purchasing useless coins based on uneducated strategies, we live and we learn. Hopefully those that lost their money with Bitconnect will learn from their lessons and make smarter investments in the future.
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I thought you would like this " garbage" one :)
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This is why the phrase "do your own research," is important to actually listen to...and then do your own research!
That song was great. "That's a scam."
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The approach of invest in bitconnect, pull out profits regularly, do not re-invest and hope it stays functional for 3.5 months after you get in worked like a charm.
No one listened to me though, cus as mentioned greed. I made a great % return on my money in 4.5 months I was in it and didn't have any big referral fees, probably cus I told people we are investing in a pyramid scheme.
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awesome song and really true and sure we need to search first
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that awkward moment when they were promoting it like only its the best
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Why people do not want to educate themselves
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we learn daily thanks for the post
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Bitconnect is a ponzi scam , its the End of this shitcoin!
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My friends told me about a new Ponzi scheme with Bitcoin that someone recommended to them. I'm so happy they have me as their friend to punch them in the face when they are trying to do some stupid shit...
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Greedy, lazy, ignorant people who can't do basic math shouldn't even be in this game.
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Imagine just for a second. If he was advertising any other good coin instead of scamming people. He would instantly become number one showman in crypto industry. Not laughing stock but a respected showman.
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There are 2 paths to wisdom. One is to learn from your mistakes and the other is to learn from the mistakes of others. I know which one I prefer
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The thing that flashed alarms for me a year ago when people seemed to be flocking to this obvious Ponzi was Guarantees.
We cannot get any assurance or guarantee that our mortgage contract is "True, correct and complete" and without deception or fraud despite demands for such, and in fact our reasonable requests were repeatedly dismissed without substance claiming it's all "legal fiction".
In short, If people are guaranteeing you profits, or selling guarantees they are trying to convince you.
Justsimply try to have your mortgage contract guaranteed as "true, correct and complete" and assured that there is no deception fraud or any additional contracts that they will pull on you later, fat chance you will get anything back that could be considered assurance of such.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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Hahahah and now those 'victims' are filing a class-action suit against Bitconnect: https://www.coindesk.com/investors-file-class-action-against-bitconnect-following-abrupt-closure/
Damn, some people really don't take responsibility for their own actions anymore nowadays...
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this is sad but so funny ahhah
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The truth is people had a lot of faith on 4 kids making bitconnect videos on steemit, instead of believing in experienced people.
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you can lead a horse to water but you cant make him drink.
I shiver at imagining how many people will suffer for their greedy behaviour.
Thanks for sharing Randy!
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A very good post friend, I am a new follower and I am very happy for the great content that you upload to Steemit, that is the content that is needed, greetings my friend!
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well i thnk its funny ... just feel bad for the people ...
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People actually gave money to those clowns?
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@hilarski dear sir wonderful art cal thank for shear
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Thanks for the article ... It makes us think that we should be careful and select very well the people we trust!
regards @hilarski
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Bitconnect would last until a big correction on Bitcoin... If bitcoin would keep going up they would last, but you would never would get as much as just holding bitcoin...
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Im getting in BCC for the dead cat bounce...
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yes, for me the first problem was handing over my Bitcoin to anybody, anywhere, for any reason.... and that was just for starters!
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Get rich quick scams are everywhere
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BITCONNEEEEEEEEEEEEEECT HAHAHAHAHAHH
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great information.... i like it....i hope everybody like your post...thanx for shear it brother....
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thus i always follow you and your activities about cryptocurrency, it make better feels to take your advice.
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hahahah wonderfull song and sure we will not give my crypto for these type ponzi schemes
and i think the first thing is only that the people are greedy @hilarski
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Always listen to your wife. Always.
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good info
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