@stellabelle thanks for the "heads-up" on this scam ICO. IMHO, there is nothing worse for the future success of blockchain technology than the fact that fraudsters are also using the same tools to run their bogus scams. It's the nature of "tools" - you can use them to build things or tear them down. Thanks for being a creative force in our community!
I would be very interested to see you do serious research into BitConnect, as it is heavily - maybe even exclusively - built upon affilliate marketers. There is a lot of back-and-forth out there regarding this token. It seems the vast majority of their token transactions are done on their own website. And, last I heard, nobody was able to pull any of their BitCoin back out of it. I have not followed up on it recently. If you have already covered this topic, please share your link with me so I can read what you have to say about BitConnect. It would be greatly appreciated.
Not to barge in to share irrelevant links (the link is related to your question), nor to toot my own horn (it is original content that I wrote, though); I'd like to share an analysis of BitConnect I did recently.
I'm involved, but not promoting it. I think it's likely to be a scam, what with no white paper for the BCC (BitConnect Coin) token, nor identities of the principals. The short version: as long as BTC keeps going up, they'll keep their doors open because that returns less to users. (I bought in starting with BTC; perhaps others don't -- if they start with dollars, then the "return in dollars" won't be as bad as it is for me.)
10 seconds of research and you coulda known this obvious fact but you were so quick to believe lies spread by jealous people who dont get how bitconnect could grow to #13 biggest cryptocurrency at nearly $1 billion dollar marketcap....and a volatility trading bot is too hard to believe ....but see the bitconnect token price increase is where the money comes from and BCC just as worthy of a coin as any other to go up in price....people don't have ANY evidence BCC is a scam....it just games the system, uses bitcoin and BCC price increase to pay dollar payouts! its a decentralized company, dont be upset that they found a great way to grow their own Proof Of Stake blockchain with MLM affiliate marketing to make a lot of money!
those BCC tokens really are bought and sold for that $110+ price across multiple exchanges
bitconnect hasn't scammed anyone that I know of! its very misunderstood but tell me, how does a scam get to #13 on coinmarketcap?
maybe im wrong but BCC would get an award for most elaborate crypto scam ever, maybe scam level rivaling the Federal Reserve! lol XD
no hard feelings good comment, and @libertyteeth is onto something
Here's the way I look at bitconnect. It's more of a risky play vs. a cryptos that have better use case. No one knows exactly how they apply their system to make a profit, but it's certainly quite possibly that they have trading bots that can leverage the volatility. There are big traders in the ES Mini's that sophisticated trading software. This is well known among day traders. So it's not out of the question that they have a legitimate system. If they are borrowing from their investors and making a profit from system trading then sharing a portion of their profit, then they could keep going for a very long time.
I do feel like its more of a high risk, high reward compared to other cryptos. Trading software often does very well in volatile markets, but not so well in sideways markets. So a change in market dynamics could eventually leave people holding the bag. The early adopters have and will make good money. As long as you are aware of that fact, then more power to you. There are people dumping money into complete garbage ICO's compared to Bitconnect.
Maybe a better question to ask - and I'd like to get a simple answer to - is this:
If I bought $1,000 of both BitCoin & BitConnect (coins, loans, whatever) and then I waited for 299 days - which one would be the better investment to have made?
Is there anyone out there who has posted an easy answer to this question? @libertyteeth may have answered it in his long article - but I got tired about 1/2-way through the article trying to figure out the answer. Somebody could have just said... what the answer is. I don't have time to research every coin out there - so I tend to just stay clear of the ones which seem to have some controversy and concern surrounding them - like BitConnect. There are plenty of other coins out there doing as well, or better - and they have a better reputation.
You're so right about this "Reputations are more important than a quick buck"
There's an adage in my local dialect; Igbo; that says that "Ezi aha ka ego" which means: A good name is better than riches
There's nothing but respect for those who speak honest instead of being bought and saying what they want to you say to make the people buy . Props to you for that
Yes. Learned this the hard way. You can never be sure if you are a being spoken to as a friend or a "mark" when speaking with folks involved in MLM. I tried it for about two seconds, realized I couldn't do it and still be true to myself, and quit.
Good to know it's a scam, thanks for the heads up.
For me when investing in cryptocurrencies & Icos I consider if it's something I myself actually want to use & do I? It was a big part of the reason I started investing time over here.
I've pondered doing affiliate links & such, but I think it'd have to be for things I've used & truly loved. It sucks when someone just loathes something I adore, that they bought based on my word. (No regrets Sodastream, I still miss you!)
My wife got a sodastream and I love it! We get syrup that's much healthier (Monin's sugarcane cola, and root beer; and Joe's organic raspberry), and mix it to our taste (which is generally less than a normal soda).
My pleasure, did your squash every rebound? Last I saw it was a little shocky, but I haven't stalked lately.
I'm going to have to keep an eye out for the raspberry & the rootbeer. Those sound amazing! I want to learn to make my own ginger ale concentrate. Mmmm.
My wife got some "ginger beer" but I didn't like it at all; gave it to a friend.
The acorn squash is dead -- however, someone very helpfully told me about a 10% milk solution, which I sprayed yesterday just before a rain, and today it looks much better! The powdery mildew is going away, but now there's some sort of yellow spots on the cucumber leaves, and I think the squash also. I'll take pictures tomorrow.
affiliate marketers build a list priority via a landing page the list is your business its your distribution outlet. on to it affiliate marketers utilize a marketing system that does the selling for them whilst they focus on building the list which is their business.not just one off sales. they build their business with value based marketing system on the front end of their funnel and their product or service/ or opportunity on the back end. the front end provides income multiple streams of income built into the marketing system essential to all professional marketers. you drive your traffic to your landing page to build your list which will take them thru your funnel to your valued based signature page then onto your product on the back end. blessings your way...
yeah, whenever i hear the word, "sales funnel", I usually shut down....
My idea was just to write books and put them into Amazon.....and just pray people buy them....
Marketing continues to just feel a bit sleazy to my sensibilities.
True... If we all can share common value which part is integrity, we will go a long way. No one should encourage scam activities and promoting illegal things.
Lol thanks so much for posting about this.. With ALL the coins we currently have... It's just mind-blowing that in a sea of fantastic options, some shit-coin ICOs will still get traction 😄
That's why I always ask people "What makes (this coin) better than ___, ___, etc? Or what makes it unique?"
😂 It's so funny how sometimes you go to a website for an ICO and it says some generic and in-original shit like "secure Blockchain economic system. Provides encryption in a peer to peer way." Or some equally-vague shit 😄
Keep it up Stella, I like how Real you are with people! In a not-so-distant future, everybody will have no choice but to be Real with eachother 😄❤️♨️
Thanks so much for this educative piece, your decision to downvote him will teach others a lesson to research before supporting.
Talk about affiliate marketing and MLM to an average Nigerian, laughs, we (i inclusive) have been victims repeatedly of affiliate marketing and MLM scams. 2016 marks a year of super-scaming which has never been experienced before. I believe this kind of message should reach africa and Nigeria in particular. We still have people who have not learnt their lessons despite the massive bad experience. I have learnt mine though and this serves as a good reminder for me. Thanks once again @stellabelle
@stellabelle thanks for the "heads-up" on this scam ICO. IMHO, there is nothing worse for the future success of blockchain technology than the fact that fraudsters are also using the same tools to run their bogus scams. It's the nature of "tools" - you can use them to build things or tear them down. Thanks for being a creative force in our community!
I would be very interested to see you do serious research into BitConnect, as it is heavily - maybe even exclusively - built upon affilliate marketers. There is a lot of back-and-forth out there regarding this token. It seems the vast majority of their token transactions are done on their own website. And, last I heard, nobody was able to pull any of their BitCoin back out of it. I have not followed up on it recently. If you have already covered this topic, please share your link with me so I can read what you have to say about BitConnect. It would be greatly appreciated.
Upvoted and Restemmed.
Not to barge in to share irrelevant links (the link is related to your question), nor to toot my own horn (it is original content that I wrote, though); I'd like to share an analysis of BitConnect I did recently.
I'm involved, but not promoting it. I think it's likely to be a scam, what with no white paper for the BCC (BitConnect Coin) token, nor identities of the principals. The short version: as long as BTC keeps going up, they'll keep their doors open because that returns less to users. (I bought in starting with BTC; perhaps others don't -- if they start with dollars, then the "return in dollars" won't be as bad as it is for me.)
https://steemit.com/life/@libertyteeth/bitconnect-is-gaming-the-system-btc-will-keep-rising-and-they-transact-in-dollars
Anyone claims that you cant pull btc out of bitconnect is false
and you can buy and sell bitconnect on many exchanges like novaexchange or any others listed here
https://coinmarketcap.com/currencies/bitconnect/#markets
10 seconds of research and you coulda known this obvious fact but you were so quick to believe lies spread by jealous people who dont get how bitconnect could grow to #13 biggest cryptocurrency at nearly $1 billion dollar marketcap....and a volatility trading bot is too hard to believe ....but see the bitconnect token price increase is where the money comes from and BCC just as worthy of a coin as any other to go up in price....people don't have ANY evidence BCC is a scam....it just games the system, uses bitcoin and BCC price increase to pay dollar payouts! its a decentralized company, dont be upset that they found a great way to grow their own Proof Of Stake blockchain with MLM affiliate marketing to make a lot of money!
those BCC tokens really are bought and sold for that $110+ price across multiple exchanges
bitconnect hasn't scammed anyone that I know of! its very misunderstood but tell me, how does a scam get to #13 on coinmarketcap?
maybe im wrong but BCC would get an award for most elaborate crypto scam ever, maybe scam level rivaling the Federal Reserve! lol XD
no hard feelings good comment, and @libertyteeth is onto something
Here's the way I look at bitconnect. It's more of a risky play vs. a cryptos that have better use case. No one knows exactly how they apply their system to make a profit, but it's certainly quite possibly that they have trading bots that can leverage the volatility. There are big traders in the ES Mini's that sophisticated trading software. This is well known among day traders. So it's not out of the question that they have a legitimate system. If they are borrowing from their investors and making a profit from system trading then sharing a portion of their profit, then they could keep going for a very long time.
I do feel like its more of a high risk, high reward compared to other cryptos. Trading software often does very well in volatile markets, but not so well in sideways markets. So a change in market dynamics could eventually leave people holding the bag. The early adopters have and will make good money. As long as you are aware of that fact, then more power to you. There are people dumping money into complete garbage ICO's compared to Bitconnect.
ya and if people wanna go after BCC why not go after the federal reserve lol now thats a scam!
yes u nailed it
Maybe a better question to ask - and I'd like to get a simple answer to - is this:
If I bought $1,000 of both BitCoin & BitConnect (coins, loans, whatever) and then I waited for 299 days - which one would be the better investment to have made?
Is there anyone out there who has posted an easy answer to this question? @libertyteeth may have answered it in his long article - but I got tired about 1/2-way through the article trying to figure out the answer. Somebody could have just said... what the answer is. I don't have time to research every coin out there - so I tend to just stay clear of the ones which seem to have some controversy and concern surrounding them - like BitConnect. There are plenty of other coins out there doing as well, or better - and they have a better reputation.
You can still pull Bitcoin out of Bitconnect. And you don't need to have affiliates to make money in Bitconnect.
You're so right about this "Reputations are more important than a quick buck"
There's an adage in my local dialect; Igbo; that says that "Ezi aha ka ego" which means: A good name is better than riches
There's nothing but respect for those who speak honest instead of being bought and saying what they want to you say to make the people buy . Props to you for that
i see u all over steemit! glad to see ur success! u will be millionaire next year
Not as much now since I'm a full time college student , full time mom now so I hope to get back to a Steem more . Thank you :D
Yes. Learned this the hard way. You can never be sure if you are a being spoken to as a friend or a "mark" when speaking with folks involved in MLM. I tried it for about two seconds, realized I couldn't do it and still be true to myself, and quit.
Good to know it's a scam, thanks for the heads up.
For me when investing in cryptocurrencies & Icos I consider if it's something I myself actually want to use & do I? It was a big part of the reason I started investing time over here.
I've pondered doing affiliate links & such, but I think it'd have to be for things I've used & truly loved. It sucks when someone just loathes something I adore, that they bought based on my word. (No regrets Sodastream, I still miss you!)
My wife got a sodastream and I love it! We get syrup that's much healthier (Monin's sugarcane cola, and root beer; and Joe's organic raspberry), and mix it to our taste (which is generally less than a normal soda).
Thanks again for your help with my garden! :)
My pleasure, did your squash every rebound? Last I saw it was a little shocky, but I haven't stalked lately.
I'm going to have to keep an eye out for the raspberry & the rootbeer. Those sound amazing! I want to learn to make my own ginger ale concentrate. Mmmm.
My wife got some "ginger beer" but I didn't like it at all; gave it to a friend.
The acorn squash is dead -- however, someone very helpfully told me about a 10% milk solution, which I sprayed yesterday just before a rain, and today it looks much better! The powdery mildew is going away, but now there's some sort of yellow spots on the cucumber leaves, and I think the squash also. I'll take pictures tomorrow.
affiliate marketers build a list priority via a landing page the list is your business its your distribution outlet. on to it affiliate marketers utilize a marketing system that does the selling for them whilst they focus on building the list which is their business.not just one off sales. they build their business with value based marketing system on the front end of their funnel and their product or service/ or opportunity on the back end. the front end provides income multiple streams of income built into the marketing system essential to all professional marketers. you drive your traffic to your landing page to build your list which will take them thru your funnel to your valued based signature page then onto your product on the back end. blessings your way...
yeah, whenever i hear the word, "sales funnel", I usually shut down....
My idea was just to write books and put them into Amazon.....and just pray people buy them....
Marketing continues to just feel a bit sleazy to my sensibilities.
This.
For me, the more of a "pitch" something needs, the scammier it is. If something is TRULY amazing, you don't need to sell it, it sells itself.
You can do an affiliate program and get a great reputation
True... If we all can share common value which part is integrity, we will go a long way. No one should encourage scam activities and promoting illegal things.
Lol thanks so much for posting about this.. With ALL the coins we currently have... It's just mind-blowing that in a sea of fantastic options, some shit-coin ICOs will still get traction 😄
That's why I always ask people "What makes (this coin) better than ___, ___, etc? Or what makes it unique?"
😂 It's so funny how sometimes you go to a website for an ICO and it says some generic and in-original shit like "secure Blockchain economic system. Provides encryption in a peer to peer way." Or some equally-vague shit 😄
Keep it up Stella, I like how Real you are with people! In a not-so-distant future, everybody will have no choice but to be Real with eachother 😄❤️♨️
Thanks so much for this educative piece, your decision to downvote him will teach others a lesson to research before supporting.
Talk about affiliate marketing and MLM to an average Nigerian, laughs, we (i inclusive) have been victims repeatedly of affiliate marketing and MLM scams. 2016 marks a year of super-scaming which has never been experienced before. I believe this kind of message should reach africa and Nigeria in particular. We still have people who have not learnt their lessons despite the massive bad experience. I have learnt mine though and this serves as a good reminder for me. Thanks once again @stellabelle