Hey so most people try to avoid those random online "get rich with bitcoin" schemes as they're pretty much guaranteed to take your money and run.
I know this from experience....I'll come back to that shortly.
I want some links and details of bitcoin/crypto schemes that claim to be able to make you loads of cash so I can actually put some money in there to see what happens.
I'll select one of the suggestions, stick some BTC in there and document what happens. Of course I'm not going to invest my life savings but i'm happy to put in a small amount.
I've been burnt a couple of times before, not so suprising really! Does anyone remember a website called BTC-ARBS.com? The premise was quite simple and straightforward. You send them BTC and they take advantage of the difference in price (arbitrage) across the big exchanges like BTC-e, Kraken, Bittrex, Poloniex etc.
Each day, they would pay out to each investor a portion of the profits they'd made by trading across the different exchanges. Back in the day i think I invested maybe 0.5BTC (this was about 2014 when BTC was worth a few hundred dollars).
The site ran beautifully well for a few months and then it got hacked! Now of course most people said "bullsh!t"...they all assumed the site admin just took the money and ran.
But the admin came onto Bitcointalk and explained what happened and started sending peoples initial investment back. So I actually got my BTC back in my wallet again. He felt bad for what happened so repaid people from his own pocket.
That was a good outcome, most of the time people just loose their money for ever.
I'm hoping Bitconnect doesn't end with the site being shut down and BTC gone...i've got a small amount in there and so far so good.
So, what dodgy sites would you like me to stick some bitcoin into?