Like most people on this earth, I am always looking for opportunities to make some extra money (no shame about it). But in order to make money you usually need to invest some money. And when it comes to invest your own money, in anything, you should definitely do some researches first. Because in the cryptocurrency world you could lose money if you take anything you see on the internet for granted.
So today I am writing this post for those who recently watched a Youtube video promoting...
Bitconnect is a website where you can buy Bitconnect Tokens with your Bitcoins. Lets say you put $150 bitcoin value in, your money will be locked up for 299 days while the Bitconnect Robot will be trading bitcoin for you. If you put between $100 and $1000 they say you will get your $150 back after these 299 days. But the fact is the Bitcoin price will probably go up during that time and when you will finally be able to get your money back (Only if the website still exist) ...GUESS WHAT... you will end up with so much less bitcoin for that $150. You will definitely lose value over time !
The only people who are making money with this are Youtubers who have thousands of subscribers. People are ready to follow their bullshit advice to sign up with their referral code. In that case the Youtuber will receive something like $50 for each person signing up with his referral code. So in order to make money out of this REFERRAL PONZI SHEME SYSTEM, you should be a successful Youtuber fooling his subscribers. Otherwise you will be just another victim of this HUGE SCAM ! I thing you should unsubscribe to those Youtuber's channels, because they are just trying to take advantage of you (Shame on them).
Thanks for reading.
