Most of my Bitcoins Locked up in the Genesis Mining Scheme and See now Bitcoin Soaring. Aw that Hurts :-(

in genesismining •  7 years ago 

Don't be Stupid like me and HODL Guys !

2017.08.05.png

genesismining bitcoin pyramid scheme hodl
7 years ago by

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    • [-]
      ·  7 years ago 

    Cloud mining iin low-electricity countries to reduce costs is a good idea in theory. Sadly they keep all the profits for themselves...

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    [-]
      ·  7 years ago 

    yes , i don't like mining , i think trading is the best way to increase profits

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      [-]
        ·  7 years ago 

      Jeez I feel the pain @pagandance
      I guess you were better of HODLING rather than investing it in Genesis Mining
      Well I hope you finally get your return and nothing bad happens regarding Gensis

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      [-]
        ·  7 years ago 

      I was stupid to put most of my bitcoins in GM.

      But luckily there are other opportunities in crypto-land. So I am invested in bitconnect and control finance too (for a little more than a bitcoin in total for both), and I see the returns compound every day.

      When my investment in these 2 has gone up to 10000, I will start taking out my money that I invested and have a free ride. If these companies are suddenly ended for whatever reason, I will have lost only 1 bitcoin.

      Besides that I have a lot of Steem too that can only go up. And for the rest I will start hodling from now on.

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      [-]
        ·  7 years ago 

      Bitconnect it is good to invest.?

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      [-]
        ·  7 years ago 

      Don't put in too much, it doubles by itself anyway every 2 or 3 months, so :-)
      It's the ideal solution if you're a lazy or a lousy trader :-)
      But get your initial investment out of it before anything bad may happen

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      [-]
        ·  7 years ago 

      thank you so much ; i will try to put some bitcoin in bitconnect
      they have a referel program?

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      [-]
        ·  7 years ago 

      Yeah they have some but I am not looking for profits that way.
      But if you don't mind you can use my link
      https://bitconnect.co/?ref=collector
      and if you don't it's alright also :-)

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      [-]
        ·  7 years ago 

      I will use your link :)
      thank you so much
      hope you great trad to double your bitcoin

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      [-]
        ·  7 years ago (edited)

      thank you, and good luck for you too, now I feel a little less pain :-)

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      [-]
        ·  7 years ago 

      That really hurts :(

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      [-]
        ·  7 years ago 

      but not dead yet :-)

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        [-]
          ·  7 years ago 

        Btc To 4000 man :)

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        [-]
          ·  7 years ago 

        indeed, that's what I am thinking too. it comes from around 1000, then half-way made a bulflag around 2500, and now we are in for yet another 1500 + all the way to 4000 :-)

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        [-]
          ·  7 years ago 

        so no way of getting it out ???

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        [-]
          ·  7 years ago 

        you can't get out of GM, you have to sweat it out and hope they pay you as much as you have invested in bitcoins - not in usd of course - before 'your contract becomes unprofitable' and they shut it down.

        I read somewhere on YT of a guy who invested in GM 2 years ago and he lost 32 BTC at the moment Genesis closed his contract.

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        [-]
          ·  7 years ago 

        32 BTC that a freaking number :(

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        [-]
          ·  7 years ago 

        My guess is he went in with 100 BTC when it was like 200-300usd and got only 68 BTC back out of his 'life-time' contract. I guess the 1/3 lost goes to those above you in the pyramid scheme.

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        [-]
          ·  7 years ago 

        these pyramid schemes always lead to scams later on i can't even imagine the pain :(

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        [-]
          ·  7 years ago 

        Since when are they in the scheme?

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        [-]
          ·  7 years ago (edited)

        a couple of months, I watched one of them "What's up guys, I am gonna do another Genesis Mining upgrade" video and thought it was a good idea to multiply my bitcoins.

        How wrong I was. Not because of the 'daily' payouts that have turned into 'weekly'. But because of the ultra-fast drop in ROI. If I am VERY lucky, I may get all of my bitcoins back in 2 years or so.

        But now I believe I may be happy to recover 2/3 of the bitcoins I invested. I am sure I will NEVER see any satoshi, that has been 'mined' in 'China' or 'Iceland'.

        Knowing where bitcoin will be going in the next 5-10 years, this Genesis disaster will have cost me millions.

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        [-]
          ·  7 years ago 

        it certainly has cost you buddy bitcoin is looking strong now

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        [-]
          ·  7 years ago 

        I like that you try to show other people that you might made a mistake with GM and you are not trying to get other on the sinking boat.

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        [-]
          ·  7 years ago 

        It's really been painful to see them operate for these past few weeks.

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        [-]
          ·  7 years ago 

        That's sad that its locked in genesis mining. but don't make the same mistake. Just HODL and CHILL next time :)

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        [-]
          ·  7 years ago 

        Almost all traders and investors sin against their own rules, once the 'greed' demon has entered their head :-)

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          [-]
            ·  7 years ago 

          Over time it shows that Bitcoin turns out to be solid and stable over time so yes people are confident if not everyone would sell and it would be spitting.

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          [-]
            ·  7 years ago 

          Why Genesis Mining why you do this

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            [-]
              ·  7 years ago 

            No update from them ??

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