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Read these 10 Reasons Why is apparently bullshit. First, I wanted to thank him for giving my old post so much attention as I reached 5 views with this post good news for Steemit organic growth: As before, this is an epic-fail and I am linking below his video so you can make your own opinion.
He takes the example of Bitcoin, the most successful crypto investment in the world to show that Bitconnect's returns are "possible". Yeah Right and Yesterday I rode a unicorn They control the price and the trading platform, it helps them make this Ponzi lasts longer. What is the purpose of any of these coins? Ponzi scheme he clearly stated that they use new money to pay old investors in his bullshit video. He does not even understand the Crypto world and the purpose that these companies are trying to fulfil, it is risky but we know the development team, have updates on github, etc….
Oh my god, we would be all rich if it was that "easy". This guy is ridiculous! Nothing to add… If they realized these levels were not sustainable, guess why? If their business model works, why lower these fees? Then Why defend the Bitconnect platform on a 25 minutes video?
Why share your referral? At least, we know about the Core Bitcoin development team. Do we know anything about bitconnect development team? Madoff never invested any of the money, he admitted it and there is no record of him trading even one share on a listed market.
Ca va faire du mal au monde de sur cryptos quand ca va exploser. This isn't even the worst my friend. I was looking to put the link to his arguments and came across this: You can have more cringe laughs here: These fanatics seriously look like commies and leftists living in unicornotopia. The only way we make progress is producing more than the consumption and saving the difference.
Any other way such as funny money, helicopter money, money velocity or just transferring money from place to place does not grow the economy nor the human civilization. Yes, but no I'm not a fanatic about Bitconnect. I do hate Saltlending because think about the business model for a moment. Salt Lending encourages crypto people to go into debt to the banks. Does that seem attractive to you? If it does why not just stay in fiat and use a Visa card?
My post and my response to the post above is more anti-bank than pro Bitconnect. My opinion is the Ponzi Scheme is the bank charging us to lend them money! And Salt Lending is pure evil, they want to encourage people to spend money which doesn't even exist, based on exploiting hype cycles in crypto. Some foolish person will think if they borrow off their Bitcoin stash that somehow having fiat to spend off that collateral is a good idea? So what happens if the price of their Bitcoin in collateral goes down?
Can they lose their collateral? Answer this, what do you need a bank for if you have crypto? And what do you need credit for if you're a multi millionaire in crypto? My guess is you are the sort of person who thinks banks, inflation, debt, high interest on college loans, are helping to grow the economy. Your comments regarding https: I invite everybody to take a look at the introductory video of SALT.
It's the best kind of sustainable lending. SALT lets you use your investment as a collateral. If you had used https: Eg; 50K portfolio and 30K car. I was one of those people who considered P2P lending is a disaster prone thing to consider and I cringed at the existence of https: I haven't done too much research into it. But I know you use your crypto as collateral. It's loans backed by assets. There is high chance that the loan may end up paying for itself.
At least in theory it does. Sure you can say Bitconnect is a pyramid and sure you can say craig-grant is near the top. The difference is at least we see regular people working their way to the top of these pyramids with no bias against nationality, gender, political views, etc. The crypto bank has it's promoters who bring in new lenders such as craig-grant.
Banks that doesn't charge for lending are ponzi. That's what wrong with the banking sector. The interest rate is non-existent or even negative. This is clearly punishing the savers.
Tell me in what universe does is it ethical or does it make sense for us to lend money to the bank so the bank can invest with our money, yet we pay them a fee too so they can take even more from us?
A bank is supposed to pay interest to lenders off the profit they made with our money. It is our money right? Because of negative interest rates is why people love Bitconnect, because really it's not such a bad deal compared to the for sure screwing you get by banks. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.
No, if I were a promoter I would have a referral link. Please answer my questions for why you do not want ordinary people to have the chance to earn crypto? If Bitconnect is so bad why is it the only thing crypto other than Steem which appeals to the masses? This is a Ponzi, people are mostly ignorant when it comes to investments! And this is why they go for it. To be honest, to invest and not know bitconnect is a Ponzi, you have to be dumb. If you invest knowing it, you take a risk and could live with it after it falls.
You never answered any of my questions. How is it okay for you to lend your money to a bank and also pay the bank a maintenance fee for that? Tell me also how anyone can get rich without taking a lot of risk? You think people get rewarded in life without risk?
You think you can become a millionaire without taking millionaire level risks? It is not possible. So you always have to take big risks to get big rewards and just because some people are afraid of getting rich doesn't mean others should not have the right. This is about the right to earn and also about the banking system.
I do not care about Banks, they fuck us I agree with you. Taking risks is fine when it is not meant to collapse in a matter of months. Now Go away or I start flagging. So I have to give them my real wealth in crypto so they can give me some fiat? Again what happens if I cannot pay is them back in fiat? This encourages useless spending on bs like cars which you used as an example. Yeah, go buy a Lambo on credit as the example of how to preserve wealth. So I think you should think up a realistic dare.
You don't give away your wealth. You don't pay your debt, SALT use your collateral to cover up the lone. Don't teach me about risk taking. You are nobody to teach me about dares. I guess that was little too much for you. A lot of you tubers are going to lose integrity if this imploads, lots going to get burned in the process. People who don't take risks deserve to stay poor. You cannot find financial success at these levels without risk.
The risk of being perceived as having no integrity is part of what it takes to have the opportunity to get rich. There is no risk free process to get rich. It does not exist. Anyone who goes from poor in the shadows of society to being a millionaire winner is not going to be able to achieve this without attracting haters.
People will be jealous of the success of others and will even make up fake news to pull people down.