Hey guys, so I know these HYIP programs like Bitconnect and Lazer among others are all the rage, with everyone talking about how much money they are making. I think the vast majority of people view them as a scam, myself included.
More recently I've seen more mainstream people witha bigger audience getting into promoting this what looks to be a fraud. Tanner Fox a popular Youtuber is making all these videos how he put 100K in. More recently I was watching Dan Dasilva who normally does Entrepreneur and eCommerce videos making Bitconnect videos.
I find it funny how all these guys hedge themselves by saying like it's probably a scam, I just want to tell you your money should be lost, but I'm gonna put in 100K and it's going to pay my rent and you guys shoudl do it too and these suckers eat it up and follow suit.
I figured if I'm going to call something a scam I should probably know 100% for myself that it is right? And if I'm wrong I'm happy to admit that, however like most ponzi schemes we have to keep in mind in the early days people do get paid and make money, if they didn't it wouldn't grow. It's like Bernie Madoff, the people who got in early get paid and make money off the people who got in later. It's like a game of musical chairs, just don't be the one without a seat.
Anyhow, last night I finally decided to pull the trigger and lose my money so you don't have to, or at least that's what I expect to happen. I think Bitconnect is on it's last legs so I passed on that one. I'm confused by EthConnect, is it live or isn't it? I see a countdown for 21 days or something like that. Their site is a joke and won't let me signup though so I ended up deciding on Lazer.
Lazer's site is kind of funny, they play really bad video game music in the background and the whole look and feel reminds me an 80s Nintendo game. I watched the intro videos and the creator or founder or someone made a couple intro videos in which he himself almost comes out and calls it a scam. He says something along the lines of multi level marketing things like this can work if they don't grow too big too fast and as long as we keep bringing people in and promising high returns more people will come so he essentially IMHO admits it is exactly what I thought it was.
Anyhow, I deposited my $50 worth of Bitcoin. Supposedly I should start getting paid within 24 hours and should have my initial principal back in something like 14-17 days. I fully expect and am okay with losing this money but we'll see what happens.
One last thing I want to mention. Really this is kind of an experiment for you guys as well as my Youtube audience so I'm losing my money so you don't have to lose yours. Because I'm not one of these guys trying to make money off you with affiliate links any posts or videos about this you will notice will be void of any affiliate links as I'm not trying to sucker or hoodwink anyone else.
Stay tuned for the updates.