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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Bitconnect and Davor

BY: @armyjoe98 | CREATED: Jan. 20, 2018, 1:37 a.m. | VOTES: 1 | PAYOUT: $0.00 | [ VOTE ]

Just a few quick words. Yes Bitconnect was a Ponzi scheme, yes Davor is a Ponzi scheme. Yes they do and did payout well. These platforms subsist on Bitcoin. As long as Bitcoin was sustainable and driving the markets, it was easy to payout. And payout they did. I have no problem with this nor do I have a problem with those that promoted these platforms. I feel truly sorry for those that lost their money. It's so difficult to turn down what you feel is free money, but nothing is free. There are no trading bots and there is no way to give you 1% daily payouts unless you have new money coming in and something that's driving your returns. Bitconnect had Bitcoin which was doing extremely well. The way to get in was by deposing Bitcoin. The crash made many people gun shy and also left Bitconnect with losses. I believe that had the Bitcoin price stayed stable, they would have continued to payout. Good luck to all who invested. Please stay away from the other lending platforms. And on;y invest what you truly can afford to lose.

TAGS: [ #bitconnect ] [ #trevon ] [ #james ] [ #craig ] [ #grant ]

Replies

@steem-network | Jan. 21, 2018, 3:18 a.m. | Votes: 0 | [ VOTE ]

Congratulations @armyjoe98, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.

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@steemitboard | Jan. 21, 2018, 6:06 a.m. | Votes: 0 | [ VOTE ]

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@dtubix | Feb. 4, 2018, 2:48 a.m. | Votes: 0 | [ VOTE ]

Following you! + upvote :)

@steemitboard | Jan. 20, 2019, 2:48 a.m. | Votes: 0 | [ VOTE ]

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@steemitboard | Jan. 20, 2020, 2:20 a.m. | Votes: 0 | [ VOTE ]

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