By Yozshunos - 11.02.2020
Carlos matos bitconnect
On October 28, , BitConnect held its first (and only) annual ceremony in Pattaya, Thailand. During the event, an investor named Carlos Matos from New. Carlos Matos became famous when he appeared in a promotional video for the now defunct BitConnect. BitConnect, of course, was a incredibly.
Bitconnect also serves as a warning to us of how damaging scams can be not just to the victims, but to the whole industry. What carlos matos bitconnect the Bitconnect scam? Quite simply, Bitconnect carlos matos bitconnect, as it is sometimes written, BitConnect or bitconnect was a Ponzi scheme that leveraged an open-source cryptocurrency that used the BCC ticker symbol.
The origins of the Bitconnect scam are not completely clear, though it is widely believed that it started in India. What carlos matos bitconnect known is that the company BitConnect Ltd.
ASIC Bans Former BitConnect Front-man
It is also believed that the scheme was originally started to popularise Bitcointhat said after the ICO it appears that Bitconnect focused solely go here people buying BCC.
Before it had even launched Bitconnect attracted a lot of negative attention from those involved in the carlos matos bitconnect community. The cryptocurrency behind the scam was, in fact, real, but the organisation carlos matos bitconnect the cryptocurrency was anything but legitimate.
The primary factor behind the Bitconnect scam was its lending platform that used a supposed trading bot. The business plan is very fishy from the get-go: You would deposit your Bitcoin to their platform and in return, you would receive BCC.
You would then lend them back the BCC to their platform very fishy indeed! You would earn a daily profit because click here bot never made carlos matos bitconnect The bot, they asserted, was able to make returns better than the average day trader.
The scheme had different tiers for how much you invested in the scheme. Depending on your tier, you could either get rewarded by receiving a higher daily return or get back what you invested sooner.
Those who had invested in see more scam were also rewarded for bringing more people into the scam. https://market-obzor.ru/2019/verge-coin-prognose-2019.html
Bitconnect Carlos Matos GIF
In fact, the majority of people who were making money were actually making it through affiliate links, not from the trading bot.
The referral programme was prominent on social media and YouTube carlos matos bitconnect many YouTubers making videos about the money they had made.
The YouTubers who made these videos would often boast about their gains, but none of it was from trading BCC or the lending platform, it was all from referrals. The first and only annual ceremony While the Bitconnect scam lost investors a lot of money, for many observers it will always be remembered for its first and only annual ceremony that took carlos matos bitconnect in Pattaya, Thailand.
Bitconnect became synonymous with Click Matos and this famous YouTube video. We really encourage you to watch it to carlos matos bitconnect https://market-obzor.ru/2019/dragonchain-disney-2019.html sense of the insanity.
It has since become the inspiration for a number of memes. The fall Despite a lot of scepticism from people who were carlos matos bitconnect in the cryptocurrency community, Bitconnect was doing pretty well for itself.
carlos matos bitconnect
Carlos Matos From Bitconnect Tells Everyone Bitcoin is a SCAM and To Sell Everything!
Users were then informed that Bitconnect was shutting carlos matos bitconnect its lending platform and anyone who had invested would receive Bitconnect tokens BCC. It then became known to the wider public that the US District Court, Western District of Kentucky had issued a temporary restraining order on Click and froze their assets.
Now, a key thing to remember about Bitconnect tokens were that they were tied to carlos matos bitconnect well the trading bot was performing.
People carlos matos bitconnect realised that the trading bot had likely been shut down or potentially never existed. This carlos matos bitconnect that the value of the coins was highly questionable, and so this started a huge selling spree.
When the Carlos matos bitconnect scam broke out, it not only devalued BCC but many other cryptocurrencies as well. Today, Bitconnect is a big joke among the cryptocurrency community and a quick Google search will bring up a lot of memes, mostly featuring Carlos Matos.
You could say that Bitconnect has become an even bigger joke than Dogecoinalbeit not carlos matos bitconnect.
More recently, Matos has turned against Carlos matos bitconnect, claiming that he also lost money and has felt victim to scams before. But sadly, the story of Bitconnect will not prevent more people from losing their life savings investing in fake cryptocurrencies. The only way to overcome such scams is to teach people carlos matos bitconnect about how to spot click and how cryptocurrency works.
The biggest problem with cryptocurrency is its own success.
People hear carlos matos bitconnect the immense gains that some people have acquired and believe that it is possible for anyone. Unfortunately, this is simply not true. Many people who made their fortunes trading cryptocurrency were lucky and https://market-obzor.ru/2019/usd-to-php-2019.html into a good thing very early.
For the majority of people, this is just not possible, and they should instead aim to carlos matos bitconnect sustainable gains over time. The scam goes on… The closure of Bitconnect did not immediately end the scam.
Like many other scams, the creators simply carlos matos bitconnect the name. It is highly likely that carlos matos bitconnect matter how many times such scams get shut down, another one will always pop up in its place.
How can I protect myself from such scams? For many, pyramid read more are not obvious until they fall apart, but there are things you can look out for when you are carlos matos bitconnect of a scam. First and foremost, never trust anyone that guarantees you returns!
In trading, this is simply not something that can promise. It is always possible to lose everything you invest or at the very least make losses some of the time.
The Bitconnect Scam: The Biggest Price Plunge In Crypto History
Secondly, people need to carlos matos bitconnect over https://market-obzor.ru/2019/gmail-mailbox-full.html idea of making tonnes of money with cryptocurrency, as mentioned above.
To really make money from trading cryptocurrency, you need to have a plan, just as you would with any other tradable instrument.Carlos Matos works for Amazon now (meme)
There were also a number of other things about Bitconnect that raised red flags. One of the first was that there was carlos matos bitconnect immediate option to withdraw your money.
The carlos matos bitconnect of have shrimpy consider who invested in Bitconnect would have carlos matos bitconnect wait more than days to see their profits.
Locking up your cryptocurrency like this is very risky. Another important lesson learnt from Bitconnect is to be cautious of trading bots.
Even if Bitconnect had one, they are known to either be massive scams or make massive errors. You should also make sure carlos matos bitconnect matos bitconnect you listen to influential individuals in carlos matos bitconnect cryptocurrency community.
They have seen it all and can usually spot a scam with ease, often from the very beginning as many did with Bitconnect. You source also be able to find out who is behind the cryptocurrency.The bitcoin : bubble
For example, everyone knows that Vitalik Buterin is the creator of Ethereum. Typically, carlos matos bitconnect who orchestrate scams want to keep their identities hidden. Further to that, you should be able to research how a cryptocurrency works. When things seem too good to be true, they usually are Bitconnect is a great example of something simply too good to be true.
Not only were they a cryptocurrency, but they were an exchange too. Think about it; see more loan them your coins and in return, they use the funds to trade using a carlos matos bitconnect and you get interest in carlos matos bitconnect
There are so many red flags in that kind of business plan. Making money rarely requires zero effort. Key points Carlos matos bitconnect you remember anything from this article, make it these key points. Bitconnect scam was one of the carlos matos bitconnect cryptocurrency click the following article. The primary component of their scam was their fake trading bot that guaranteed returns.
They had also become one of the top 20 cryptocurrencies in the world. As of the time of carlos matos bitconnect, it is the biggest price plunges ever to take place in cryptocurrency.
By studying the Bitconnect scam we can 2019 litecoin price after halving other scams. There were carlos matos bitconnect number of tell-tale signs from the get-go. Learn to trade cryptocurrencies with our cryptocurrency carlos matos bitconnect course Want to learn more about other cryptocurrencies and how to trade them?
Then sign up to our cryptocurrency trading course! Top Brokers in.
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