I’ve been seeing ads on my youtube channel promoting this. I get comments of people posting their referral links to BitConnect in many of my videos. I see people promoting this on social media and how much money they’re making daily. And I’d hate for people to fall into this without knowing what they’re getting into. Feel free to add me on Snapchat / Instagram: GPStephan
If you’re not aware, BitConnect is a cryptocurrency known as BCC. They guarantee that you can make some pretty large returns on your money. And of course, the more money you invest, the more you make. On their website, if you want to stake interest, your first six months will make you 10% per month. Invest in BitCoin lending, invest under $1000 and you can make up to 40% per month..bbut you also have to agree to lockup your investment for 299 days. But if you invest over $10,000 - you’ll receive .25% daily + up to 40% per month from their trading bot, and you’ll get your money back in 120 days.
So already this is sounding pretty crazy, but lets keep going. The real magic here is their referral system. You refer someone through your link and you immediately make 7% of their investment. If they refer someone, you make 3% of that persons investment. If they refer someone, you get 1% of their investment…and you keep going. This is literally the definition of pyramid scheme.
Basically you’re getting one person funding the returns of another person, and you have to keep referring people to bring in the money to pay back these insane returns. This type of growth is absolutely unsustainable when enough people have joined, or enough people begin cashing out after their lock-up period, or Bitcoin recedes, or anything that would prevent the developer from being able to payout its users, or essentially whenever the developer maximizes profit, they can bounce and flee with a ton of money, leaving you hanging to dry.
The truth is there’s absolutely no evidence that this coin is worth anything, you have no idea where your money goes, you have to lock up your money for a certain period of time, and they incentivize you to refer other people to increase your returns.
It’s pretty obvious here. It’s unsustainable and at some point the gravy train can’t continue. So for everyone doing this, just be careful - greed can end up costing you a lot of money. This might benefit those who get in early and who get out beforehand, but the majority of people will end up losing. It’s a game of risk and reward - so for me, if you see someone promoting this or you see an ad on my channel with this, know what you’re getting into. Anytime something sounds too good to be true, it is.
For business inquiries, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
If you’re not aware, BitConnect is a cryptocurrency known as BCC. They guarantee that you can make some pretty large returns on your money. And of course, the more money you invest, the more you make. On their website, if you want to stake interest, your first six months will make you 10% per month. Invest in BitCoin lending, invest under $1000 and you can make up to 40% per month..bbut you also have to agree to lockup your investment for 299 days. But if you invest over $10,000 - you’ll receive .25% daily + up to 40% per month from their trading bot, and you’ll get your money back in 120 days.
So already this is sounding pretty crazy, but lets keep going. The real magic here is their referral system. You refer someone through your link and you immediately make 7% of their investment. If they refer someone, you make 3% of that persons investment. If they refer someone, you get 1% of their investment…and you keep going. This is literally the definition of pyramid scheme.
Basically you’re getting one person funding the returns of another person, and you have to keep referring people to bring in the money to pay back these insane returns. This type of growth is absolutely unsustainable when enough people have joined, or enough people begin cashing out after their lock-up period, or Bitcoin recedes, or anything that would prevent the developer from being able to payout its users, or essentially whenever the developer maximizes profit, they can bounce and flee with a ton of money, leaving you hanging to dry.
The truth is there’s absolutely no evidence that this coin is worth anything, you have no idea where your money goes, you have to lock up your money for a certain period of time, and they incentivize you to refer other people to increase your returns.
It’s pretty obvious here. It’s unsustainable and at some point the gravy train can’t continue. So for everyone doing this, just be careful - greed can end up costing you a lot of money. This might benefit those who get in early and who get out beforehand, but the majority of people will end up losing. It’s a game of risk and reward - so for me, if you see someone promoting this or you see an ad on my channel with this, know what you’re getting into. Anytime something sounds too good to be true, it is.
For business inquiries, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Thanks. What happened to your eyebrows?
I just want to say… You were right!
This video has aged well
Carlos Matos is a legend that nobody asked for, but we all needed
I lost $15k i wish i wouldve saw this and believed it back then
Scammers want to play games with money? They want to accumulate vast amounts of some useless currency?
Let them. Just physically allow them to spend that money or imaginary digital currency on any physical goods or services or any useful mental labor. Gift cards restrict where one may spend that gift card to a specific store.
Foodstamps cards restrict spending money to food. The concept already exists in practice. There is nothing sacred nor important nor necessary about the status quo. We can make any laws we want. We were forced into a world without our consent.
We Antinatalists get that. Force scammers, banksters, WallStreet to do hard useful physical or mental work in exchange for useful physical and mental services. Cut out the money. Go straight to keeping track of barter.
This is probably my favorite video of yours. Been watching for years. It's like a time capsule that I go back to and it makes me happy.
Greetings I advice anyone trying to buy a house but don’t have the complete funds. I urge you to Invest in stock market, then make good profit before buying a house, his mail address is above my comment
I made $78k after just one week.
Carlos Matos remix
waso waso waso waso
Bitconnect to the moon!!! 🚀🚀🚀
@Graham Stephan. Pls make a video on shiba inu as well. Recently they have launched a shiba inu giveaway scam. Your awareness video would potential save thousands of investors from being scammed.
what about you shilling floki inu? lost your values?
but you're stupid graham .. :)) you don't understand it.
Curb your bit connect
Flash back
still relevant in 2021
It’s 2021 and I’m here because of SAFEMOON lol
Anyone who acts surprised he predicted the future is the exact kind of person bitconnect was targeting.
Also stop saying SHHKEME
I like doge
Looked more like a reverse funnel system to me.
Graham’s voice sounds so different here lol
Safemoons the next bitconnect
Bitconneeeeeeeeeecccttt!
There are no 'legitimate' cryptocurrencies. They are all a scam. ALL.
Hello. 2021 someone?
I really wonder how much money they would of scammed if the… “hey hey heyyyy BIT CONNNEEEEEECT!!” Guy never got on stage and blew this whole thing up lol
Why is Graham making his voice deeper here then now in 2021?
Their music video is lit though.
Who’s here from Graham’s latest Bitcoin video?
Of course this is gold. Now he is a scammer, superb 🙂