RE: The BitConnect scam exposed

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The BitConnect scam exposed

in scam •  8 years ago  (edited)

Jonathan Cole 2 days ago
Hey Craig, I have a few questions for you... You seem super gung ho on BCC right now, and I'm definitely interested in investing in it. But I'm SO wary of these fly by night HYIP schemes, and BCC lending DOES sound too good to be true. I've got about 40K to invest and I'm trying to really vet BCC, because this is a LOT of money to lose. But it's also a lot of profit to gain if the BCC lending is really legit. I'm wondering if you can tell me anything that will help me vet this system and blockchain. I'm worried that A- I won't get my money back after 120 days (how does it work??). Who's "borrowing" it to use with trading bots? And who handles the BCC lending contracts? What's to stop the bitconnect.co website from just walking away with my money after I lend it? How can I be totally comfortable in knowing that I won't get ripped off by the latest and greatest ponzi scheme? There doesn't seem to be a lot of info on BCC, just some weird videos of people in Vietnam going to a seminar, which doesn't tell me much. And all the news on CCN and cointelegraph are just paid press releases, which is kind of a red flag! True it's now top 20 in coinmarketcap, but that doesn't mean it's not controlled by a few whales who will cash out and collapse the whole system and run away with a shit ton of bitcoin! So obviously you stand to gain a LOTif I do get into BCC lending, because I'll be in your downline, and 40K is kind of a lot. So help me really wrap my head around this enough to feel comfortable with this. I have to go into this with full confidence. I have been google the sh%^ out of this and can't seem to find anything that will put my mind at ease. The affiliate marketing seems like a good option for you because of your youtube presence, but I'm more interested in the lending side, which I haven't really seen any really good proof of concept from anyone doing this in large amounts ($10,000+), or why this is a sustainable profit model. Any thoughts that might help sway me and any of the others in my same position who might read this? Thanks brother...

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Craig Grant 2 days ago
If you cant afford to lose the 40K, then do not invest it in cryptocurrency

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Jonathan Cole 2 days ago
understood. A risk I'm definitely taking because I DO believe that cryptocurrency is going to change the world and I'm stoked to be an early adapter. The question isn't my willingness to invest in crypto in general, it's BCC. I just wanted to know if you had an info to point me to to help me vet it a bit more. But I agree crypto in general is risky. I'm willing to take the risk because the upside is ridiculously enormous if the crypto market reaches even 1% of Global GDP (one BTC would be $65,000), and exponentially higher if it reaches total mainstream acceptance. So I'm thinking the risk is worth it. My other thoughts are to invest it in a diversified top 5 or 10 crypto portfolio situation, or buy GMYU contracts and diversify the X11 profits. But right now I have a liquidated 401K in the form of bitcoin growing at the rate that bitcoin grows (obviously). Wasn't doing any good sitting as fiat in my old schwabb account collecting dust as the crypto markets explode. I'll pay the taxes on it now, get it over with and now it's free to invest in crypto. Sorry to bother, just wondered if you had any more info on BCC...

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Craig Grant2 days ago
I started with a $100 loan, and another $100 loan a few days later, and will most likely do a $100 loan at least 1 time per week, because I can afford to lose that much.

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Jonathan Cole 2 days ago
fair enough

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Craig Grant 2 days ago
with 40k to spend, you can start with 1k, and play it by air from there

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Jonathan Cole 2 days ago
true... Might consider starting small with BCC and get a feel for it. I was doing the math on GMYU, and that amount in upgrades will payout like 3 Dash per day, which adds up, and GMYU is pretty trustworthy, I've been with them a year and a half, so... Not sure if I want to put it all into mining, but it's tempting...

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Jonathan Cole
Holy shit this is real... I invested 10K yesterday, this is an amount I feel comfortable with because its the minimum amount to get the maximum interest rate with the minimum amount of commitment time (only 4 months). In my first day, I just got a $107 payout! I'm going to start youtube promoting this logging the results of this experiment, so others are inspired to do the same. THIS IS REAL. WOW... Congrats Craig, you just banked 10K into your level 1 downline. Good job brother...

Reply 1
Craig Grant 19 hours ago
4 months documenting could get you tons of referrals

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I stopped reading at

If you cant afford to lose the 40K, then do not invest it in cryptocurrency

Since you apparently can't see the difference between real crypto currency and MLM referral bullshit.

at least you can see that I do not try to convince anyone to invest, so if he loses, then he is 100% responsible, as I am too, if I lose the money I loaned out

Just wondering, did you ever put all your investments into BCC? How is the outlook on BCC now?

11/13/17 Craig Grant Earnings $1,323,753