Biiiiiitconnneeeeeeeeeeeeeeeect Australian promoter pleads guilty, gets 3yr good behaviour bond
https://www.financemagnates.com/cryptocurrency/bitconnects-australian-frontman-has-been-convicted-but-released/
63 points · 6 comments · view on lemmy.world
6 Comments
Alphane_Moon@lemmy.world · 13 pts · 2y
With such rates of return; it's clear they are targeting the greedy and the desperate.
If they have a magical investment strategy that can guarantee 0.25% per day, why would they share money with random idiots? Wouldn't it be easier to get a bank loan and keep all the profits from this magical investment scheme to yourself?
carlitoscohones@awful.systems · 8 pts · 2y
I think that people have a really hard time conceptualizing compound interest rates. $10,010 invested with bit connect at their claimed rates would be $3.1 million after 12 months. But you get your "capital back" after 4 months?
runjun@lemmy.world · 6 pts · 2y
I’m currently playing an awful mobile game that has a reconnect button for when you navigate away from the app. Every time I click I say to myself ‘Reecoonneeeeeeect!’
kwomp2@sh.itjust.works · 4 pts · 2y
Each time I'm thinking about speaking to any kind of audience I consider if this might be the time I open with "Hey Hey Heeeeeey"
o7___o7@awful.systems · 3 pts · 2y
Little Bunny Foo Foo
I don't wanna see you
Scooping up the field mice
and tryna sell yer bags
snake@lemmy.world · 2 pts · 2y
Carlos Matos is a legend