Quote from: KylesmomisaB on March 09, 2018, 03:29:35 PM

Quote from: Silberman on March 09, 2018, 03:08:39 PM

Quote from: showbiz111 on March 09, 2018, 10:10:20 AM

Well as for me I wouldn't advise anybody to give his money to some set of people to trade because they are not different from ponzi scheme. They only promise you a high return but what they do in actual sense is to use another new member money to pay your return on your investment I.e the more new people come in to invest the more money for them, on the long run it will finally crash once they can get more people to sustain the business. So my advise for you is do your own research and buy some portfolio of altcoin by so doing you would have diversify your investment and for sure within 12 month to 18 you will sure get a good return on your investment!!!! Wink

Even if those companies were not a scam, you'll be going against what bitcoin stands for, the whole point of bitcoins and cryptocurrencies in general is to have control of your money and to not have to rely on anyone else for its protection or its growth if you give your money to someone else expecting you to give you more money in return you go against those principles.

Side point of crypto and life: don't partake in ponzi schemes or promote them. What you just described OP is literally what the Bitconnect platform was. A trading bot which guaranteed returns for you, a bit suspicious no? Well tons of people thought it was legit, which is bizarre and I sincerely hope that was the last time it happens.

It is going to happen again, it always happens people are simply too greedy they want to obtain a lot of benefits and profits but they do not want to make any kind of effort, this is how a system like the one we currently have has lasted for as long as it has because people are not willing to take control of their money and their lives they prefer that someone else does it and so they give up control of their money not realizing they are giving control of their future as well.