So with all of the people getting into Bitconnect, I see there is ALWAYS going to be new users that need education on how all of this works. And that will always be true because there will always be new people coming into the crypto currency realm! Even in 10 or 20 years there will still be new people coming into it! We can ALl become crypto currency consultants, so just FORCE yourself to learn about this stuff, even if you don't see HOW you're going to make any money since you may not have money to invest WELL you WILl earn and plenty of OTHER people DO have money! You can find someone in your local area with money to invest and ask for a small fe if your advice helps them make a lot of money! And if you haven't heard of Bitconnect, now is your time to learn about something that can become one of your favorite passive income streams next to to bitcoin Mining with Lifetime COntracts ( http://pool.bitcoin.com/?ref=zackza for best rates) and I will now explain how Bitconnect works, and then explain HOW even if Bitconnect WAS operating like a traditional ponzi, it would continue to sustain itself for as long as Bitcoin goes up!
So for example, if you click this link, http://bitconnect.co/?ref=zackza you'll be able to signup under me and i would make a small couple of percent commission off the Money you spend here on the website. But the way you spend money is very important to understand! Bitconnect let's you make a "Loan" and when you invest $100 you will get $10 a month for 299 days, or 42.7 weeks, allowing you to make around $420 (LOL) and then you get your $100 BACK at the end of the 299 days!
And your money is paid in BITCONNECT coin, which goes UP and UP as I bought a half a bitconnect coin when it as 44 back early this year and now Bitconnect Coin is around $110 ! Do you see now how this works? Imagine if you ran a pyramid scheme, and you offered to pay someone 1 percent interest compounded daily! And you paid the first users using investment from new users, and paid the new users from investment from even new users, and so on, and in US dollars this system is bound to collapse. But if you were doing this with BITCOIN, then guess what? Bitcoin is going to $! million dollars or more, it's almost a sure thing, but back when Bitcoin was new, people had no idea if it would really be unstoppable like it is now! it was risky! But I have an EXAMPLE of an ACTUAL PONZI SCHEME caught by the SEC but where a man was offering a high yield investment program, and the price of Bitcoin actually went up high enough for him to pay off everyone but he got GREEDY and tried running off with millions of dollars. That bitcoin would be worth Billions now but they didn't know that back then, also the people investing their bitcoins would have made just as much if not MORE money by simply HOLDING the bitcoins!
Now of COURSE if You tried this around 2014 to 2015 when Bitcoin went DOWN from $1000 to $100 then yes the ponzi WOULD collapse and it this plan only orks if youre operating the ponzi during a time when Bitcoin consustantly goes up. Here is the SEC website explaining this example and the report in Image form.
https://www.sec.gov/news/press-release/2013-132
So I want you all to do some math in your head! Imagine you have a ponzi scheme, which TRADITIONALLy worked by getting new members to join and having them invest, and then when new members join under them, they end up just using the new members money to pay the first level, and so on and so on, until they can't keep it up and it collapses. HOWEVER, I remember the old days of Egold HYIPs and the idea was if Gold would keep going up, and if people paid in Gold, (EGold allowed you to send digital gold which went up with the price of gold) so if the price of GOLD kept going up, you could actually PAY the insane 1% daily interest rates these scams usually offer! HOWEVER if you use BITCOIN you could actually pay ALL of the money people invested in bitcoin, and still keep a profit! MOST of these systems claimed to have a FOREX bot that traded foreign currencies automaticaly, and this was never the case!
NOW BITCONNECT is DIFFERENT. It is based on the Decentralized blockchain based Bitconnect Coin WHICH is up there with the top altcoins as a viable cryptocurrency someone can use as simply a store of value!
(BitConnect on CoinMarketCap Link Here: https://coinmarketcap.com/currencies/bitconnect/ as you can see, it has 3 quarters of a Billion dollar marketcap as of today August 16, 2017, it has a 761 million dollar marketscape, so all the bitconnect put together is worth 761 Million US dollars. And it's all in a decentralized crypto currency....and just imagine if someone at bitconnect TRIED to steal the bitconnect on the website the way someone at Mt Gox broke into their own companies bitcoin wallet and drained it of 80 percent of the coins, Where would they then go to sell their bitconnect? It would be impossible, and aso, the price of bitconnect would drop to 0 and noone would want it and so it makes more sense to NOT do that. Not that it would eben be possible! Because its NOT! You can't just run of with this 762 Million dollars worth of bitconnect, lol, it doesn't work that way. The bitconnect coin makes the creators far more money of the program they have in place!
The bitconnect website offers an exchange (and many claim this is the only exchange) but anyone can buy and sell Bitconnect coin for bitcoin, anyone can offer to sell or buy bitconnect coins, maybe no one else has a bitcoin to bitconnect exchange right now but for example bittrex could trade bitconnect one day! (Then imagine how much it will go up!) It is a decentralized crypto currency that you can also MINE. And Bitconnect coin has gone up from a few dollars to over $110 in a matter of months, and since it is an altcoin that will rise with bitcoin, well, bitconnect can offer high returns and it SHOULD NOT be a surprise to ANYONE!
I bought a half a bitconnect coin for $2 back in March when @craig-grant first made me aware of it! I thought I had nothing to loose really buying a half a bitconnect coin, when the price was only $4, and now Bitconnect coin is $110, and so If you just bought bitconnect coin back early this year, YOU WOULD HAVE MADE A LOT OF MONEY and it DOES NOT mean its a ponzi scheme! hah, this is just residual jealousy and FOMO from people who still believe Bitcoin might be a ponzi! they don't get it! Now after seeing posts by @yuliana about her success with bitconnect I want to help skeptical beginners see the real innovative technology behind bitconnect coin. I don't blame people for being skeptical....But com on....doesn't anyone know about how Facebook and Apple buy back shares? Well by "ReInvesting" into bitconnect, you're buying back shares, in a sense.
Buy investing profits back into the bitconnect coin, you are first of all, switching from fiat inflationary US dollar for a Limited finite crypto currency like bitconnect coin! This coin is simply benefitting from all of Bitcoins positive attributes, the qualities of being a deflationary international cryptocurrency and its connection with bitcoin is going to keep Bitconnect Coin going up for a very long time!
(Image Comp I just made illustrating how we can use Blockchains and MLM AND social media all as one living organism!)
Now a funny example of how this sort of "Working Ponzi" is Mt.Gox who simply stole 80 percent of users funds and then FROZE the remainder, and is now promising to pay back back EVERYONE but NOT the full price of their bitcoins....but the price of of their original investment in US dollars! which is better than nothing but honestly they should be forced to operate their business and pay the profits back to their customers until they pay it all off which would take years but its very corrupt and shady BUT at LEAST the price of Bitcoin has gone up SO high that the 20 percent of bitcoins that WEREN'T "stolen" by the Mt Gox hack are able to MAKE UP for the ALL the money stolen at least the US dollar amount!
This is like a Back to the Future Stock Market paradox...If you go back in time to invest in the stock market thinking you know the future prices, you'll immediately change things and mess with the way things happen, and the future prices you have records of will change! DSo if Mt Gox NEVER HAPPENED the price might not be where it is today! The price had to collapse after a big hack like that because Mt Gox was the ONLY big exchange and had TOO MUCH power and now there are many exchanges and the bitcoin world is SAFELy decentralized when it comes to exchanges! A conspiratorial Trade Bot called the Willy Trading bot was responsible, some say, for Bitcoin going up from $100 to $1000 and that it was unnatural to begin with, and anyway when someone STOLE those bitcoins, you'd imagine they were angry once the prices dropped, just like if Poloniex for example stole the hundred million or so in Bitcoin and altcoins, the coins would drop in value! And if Bitconnect stole all the bitconnect coins locked into their website, they would see a MASSIVE drop in bitconnect coin! So it makes MORE sense to keep it going! Just like how poloniex makes more of their trading fees than they ever could stealing their customers money! Greed keeps them from doing the wrong thing! heh Anyway these bigger picture images are more important than studying the individual parts. We must "think holographically" Like Alex Collier the ET contactee recommends, it is the best way to
understand global finance systems and the economy!
Things are all changing so fast and any popular crypto currency is going to be valuable and Bitconnect coin is going to remain a powerful blockchain with many users to come now that it is in the top of coinmarketcap at the #15 spot and steem is only #22 (Steem was at #12 a month or so ago at around 600-700 million dollar market cap but we WERE the #2 under Ripple and Bitcoin back last summer!) but now Bitconnect is up there, in the top 15, so why not get a little of one of the top crypto currencies in the world? It will make you money just like Steem or EOS or any altcoin or even Bitcoin will make you money, but we should understand that multi level marketing combined with Bitcoin is going to allow for sustainable profits for a very very long period of time! So use tools like Instagram Snapchat even Craigslist to post ads promoting these passive income systems! I also recommend http://pool.bitcoin.com/?ref=zackza for the best deal on 1TH of Cloud Mining lifetime contract, (around $160 per 1 TH of lifetime BTC mining which pays itself off in around 90 days. This is something you can use to start your journey, and then put some money into Bitconnect when you're comfortable, and soon you'll all be enjoying passive income, and it won't always be this easy! This won't be an option for as many of us as it is right now!
So if you don't have any money to invest, you always have the ability to earn money on stemit! That is where I get all the money I use to invest! You get paid in Half stempower half SBD here on steemit so you can be a team player like @sweetsssj and @gigafart and @teamsteem and @stellabelle and barely ever power down and just use your liquid SBD to sel for BTC and use to get yourself into Bitconnect and pool.bitcoin.com and then you can use Instagram And CRAIGSLIST ads to promote your referral links! I haven't even fully done this as much as I could yet but i am not afraid of someone taking this idea before I have a chance to do it because you're all in different cities! You all have your own local craigslist audience and i PROMISE you that you'l find leads that will be calling and emailing you if you create an Ad like I did on craigslist here https://sandiego.craigslist.org/csd/fns/6265837691.html
And if someone as crazy and incoherent as me can attract potential bitcoin enthusiasts to Steemit and bitconnect with a craigslist ad then imagine what YOU can do with your own genuine craigslist ad! i have gotten dozens of responses many of which I've redirected to sign up to steemit like @silverbit and @tytran and so craigslist and Instagram and facebook and reddit and youtube) are so vast that you'll have FULL TIME 8 hour a day work for yourself everyday if you really want! This is what I am most struggling with in my life! The Ultimate first world problem of having such a comfortable life that I have to push myself to work harder everyday, including forcing myself to watch Rap videos in order to keep my eyes on the prize watching stacks of cash lamborghinis big house private jets but that's all a symbolic placeholder because for me I want business prestige, I want employees who love me, I want to change the way people think about passive income and the developing world! I want to use the money that some would spend on luxury items and i want to hire people in Africa like @tj4real and @bania and @cryptoactive and @xpency and @ogoowinner from Nigeria and ghana which are all part of Team Africa on Steemit supported by @stelabelle and @thejohalfiles steemit whales who help us promote these causes! I hope you can all see the value in helping developing nations as there is A LOT of money to be paid helping create a GLOBAL middle class using crypto currency and blockchains!
Let's Fuck up some COMMAS steemit! Let's get past 1 comma ($10000 get to TWO commas ($1,000,000 ) and get steem market cap to 3 commas $1,000,000,000 a billion ! $10 Steem is coming folks! Get your steempower ready! Steem will make us MORE money than bitcoin! Steem going from $1 to $2 is like Bitcoin going from $4000 to $8000!
If you have questions about bitcoin steemit crypto or making money mining or marketing, feel free to email me zackza@gmail.com or text/call me (619) 302 0398 and....
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