RE: The BitConnect scam exposed

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The BitConnect scam exposed

in scam •  7 years ago 

I will resteem as well. I've seen all these guys pimping this shit on YouTube, but it's OBVIOUSLY a scam. I can't believe so many people still fall for this crap.

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Thanks! Yeah, if they know it's a scam and they're still promoting it, that's a very shitty thing to do. I guess some of them don't know, though.

Yeah, I think they want to believe it. Rule of thumb - if it sounds to good to be true, it's a scam.

I'm not sure people are "falling for it" as much as participating it. crypto profit junkies are jumping into this to make money knowing full well that it is a scam but that its the less strategic "investors" (who stay in too long) who will loose. Remember Madoff did make a lot of people money! Before it goes boom. Would a major bitcoin price drop trigger its collapse I wonder?

Regarding people promoting it shamelessly for their own profit, please flag Craig Grant's video above that states he thinks it's not a scam, and still providing his referral link in the video description!