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I Lost $50 to Laser.Online HYIP Scam so You Don't Have to | Talking Bitconnect & Other Scams

1,056 views · Published 6 December 2017 · 12:31 · Indexed 25 October 2026

Channel: Rules For Rebels · 2017 · Howto & Style

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I've been hearing about Bitconnect, LaserOnline, Control Finance and many other HYIP or HYP programs as they are called.

Most people seem to think these are Ponzi schemes, however the great returns promised cause a lot of people to jump in. Make no mistake some people do make money, that's because if they stole people's money from the start nobody would tell their friends and it wouldn't grow. 

The reason Ponzi Schemes work is because people do make money early on, they tell their friends who get in, make money and tell their friends. Most people continue re-investing and are wealthy on paper, although if they ever wanted to withdraw that money whether they actually can is another thing entirely.

Many if not most of these programs have at some point stopped paying out. When new user growth slows down and/or people start wanting to withdraw money they can't pay anyone and payouts stop. Many come back online where as others exit scam.

I decided to do an experiment and throw $50 into Laser.Online, fully expecting to lose my money. My Steemit post of this experiment was actually called "I'm Going To Lose $50 On LaserOnline So You Don't Have To". 

I put my $50 in, after 14 or 17 days my money had more than doubled and stupidly rather than pulling out I reinvested so had $104 altogether rolled in. As some money became available I decided to try to pull out something like $27 just to make sure I could withdraw. 

The two days withdraw period passed and I wasn't paid. SHortly after this the site became very glitchy, would be down with 404 errors, etc. Support was useless and as of December 5, 2017, Laser has removed their Youtube Channel and all videos, Twitter account, and Facebook account. For all intents and purposes it looks like they never existed.

To my surprise I was able to login today so the site is back up, althoguh really buggy and loading slowly. I'm pretty confident this was an exit scam, however oftentimes these sites pop up for one last quick money grab. When this happens everyone shoudl try to pull all their money out and by no means should anyone else put more money in.

In this video I also touch a bit on HYIP scams like Bitconnect, BTCHash, Ethconnect and others. I touch on Trevon James and Craig Grant with their fake hacks which leads me to believe they know something we don't and Bitconnect will be crashing soon.  Craig Grant and his girlfriend Yuliana who you've probably seen on Youtube ads which play non-stop also had some shady stuff in the past with Russian Marriage scams and Nigerian scammers suckering money out of lonely men, you can read more about that by Googling and/or checking out this Steemit post below...

https://steemit.com/crypto/@cryptofinancial/bad-people-in-crypto

Anyhow, my opinion is that all of these are scams. SOme people do make money if they get in and out at the right time, but again that's because ponzi schemes have to make some people money to draw in the masses. 

Anyhow, I lost $50 and I'd advise anyone considering doing this to rethink that idea. I think your going to make more money just buying and holding crypto than you are with a promise of high interest payments which may or may not ever come and which you may or may not ever be able to withdraw.

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