OFFICIAL SCAM URL: bitconnect.com
With the drastic rise in the value of Bitcoin, the scams surrounding this highly valuable cryptocurrency are also increasing in number. There is just no denying that and it can be seen with this latest example, the Bitconnect app. Sure, trading in cryptocurrencies like Bitcoin and Ethereum, among others, can be very profitable, if you know what you are doing or if you are using the right software. The Bitconnect trading app alleges that it can generate thousands and thousands of dollars per day with no risk of loss for you. There are very many different factors which contribute to our sound knowledge that this is a scam.
There are various telltale signs that we recognize here, all of which point to one single fact, that Bitconnect software is a total rip off. There is still more to it though, because this Bitconnect system is also a Ponzi scheme, a highly illegal and fraudulent money thieving scheme that will leave you penniless. Make no mistake about it folks, the Bitconnect is dangerous, it’s malicious, and it’s coming for you. We are here doing this Bitconnect scam review to give you fair warning about the very real threat posed to you by this pile of trash that has the nerve and audacity to call itself a legit trading solution.
Who Is In Charge Of The Bitconnect Scam App?
We actually do not have a single clue as to who is at the helm of this ridiculous Bitcoin trading scam. The whole presentation video features only a voice narrator who neglects to share his name with us or even make up a fake name. This is the first sign that something fishy is afoot here. We don’t even get to see his face. Next, there is also no official company name or listing given for this app, which is odd because somebody has to be in charge and somebody has to own it too. Moreover, the location of the headquarters of the Bitconnect system is not provided either, nor are any contact details given to us.
In other words, the Bitconnect app is totally anonymous and without a real visible leader. This is of course a big problem for various different reasons which we will discuss shortly. The biggest problem here is obviously that there is no one you can blame once your money inevitably goes missing. Using a guise of anonymity is a great way for the scumbags behind this ludicrous system to keep themselves from going to prison. They know that the Bitconnect system is totally fraudulent and illegal. They are just looking to cover their own butts.
Bitconnect Trading Scam & The Problem Of Anonymity
As we mentioned before, being anonymous is a big problem for the Bitconnect app. Legitimate trading programs, whether for binary options or Bitcoin, needs to be fully licensed, registered, and strictly regulated. However, because this scamming trading system is 100% anonymous, with no clear person or company at the helm, it cannot possible have any kind of licensing. Providing signals, Bitcoin mining, and all forms of trading require various licenses. Since the Bitconnect app obviously does not have these licensed, it is either trading illegally, or more likely, it doesn’t ever make any trades at all. It’s just a Ponzi scheme meant to get you to fork over your hard earned cash.
Another important issue related with the Bitconnect app being anonymous is that there is also no reliable broker involved. Reliable brokers are also licensed and regulated, which means that a really legit one will only allow itself to be associated with an equally trustworthy trading app. Since the Bitconnect system is clearly not legit in any way, you can bet your bottom dollar that the brokers involved are just as bad. Don’t trust these guys because the sole intention of this system is to rob you blind.
How Is The Bitconnect System Supposed To Work?
This is yet another surefire way of telling that there is a scam afoot here. We have no idea how the Bitconnect works to generate money. There is no mention of any trading strategies or algorithms, no indicators, and nothing else. We are simply told that this system will turn our investment into a giant pile of cash. This is a classic scam tactic. They hope that some people will fall for this get rich quick scheme without even having to invent a fabricated explanation as to how it really works to put money in your pocket. Trust us when we say that you will never see a single penny in returns here. It’s a scam, it’s a Ponzi scheme, and it’s meant to empty your bank account.
Bitconnect Scam Software – The Ponzi Scheme
There is not a single shadow of a doubt that the Bitconnect app is a Ponzi scheme. In other words, it promises huge payoffs in return for minimal investment. However, the way a Ponzi scheme works is by taking money from you with the promise of an ROI, but then never really paying you anything at all. The crooks behind the scam simply take the majority of the money for themselves. You might get a few bucks in the beginning just to placate you and draw you into a sense of complacency, but this is just a trick to buy time.
There are various investment packages with the Bitconnect app, each of which cost more and promise a higher ROI. There have been hundreds of complaints lodged against this absolute trash pile of a trading app and all of them claim the same thing. Nobody has ever gotten any kind of ROI and everybody has had their money stolen from them. This is what a Ponzi scheme is and how it does it. Don’t fall for these cheap tricks folks!
Bitconnect Review – Conclusion
It is painfully obvious that this is just another Bitcoin scam, a huge Ponzi scheme meant to take you for everything you own. Stay away from the Bitconnect app because it will cost you dearly!
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