I hope everyone else is wrong then and those who have money in BitConnect are right.
" I don't care what @vitalik says about Bitconnect" - I hope others want to hear what one of the smartest minds in crypto has to say about a project before putting money into it. That would only be wise. And being wise with money means you are less likely to lose them. So, follow lasseehlers who doesn't care and craig-grant who says things like
"Currently, the value of a BCC token is $280.82. If we multiply $280.82 by the total supply of 8,392,580 BCC, we get $2,356,804,315.60. That is how much Bitconnect could pay out at one time if necessary"
or listen to the man who has been in crypto for years and has created #2 cryptoproject in the world and is looked up to.
Just a warning to those who are still not hooked into this
All ponzis do, until they do not. Stay safe and good luck.
If we can keep calling Bitconnect a Ponzi then why not call Bitcoin one too? Why use the phrase of the government regulator to determine the worth of a decentralized technology?
It is risky, I even must admit, but so is Bitcoin, these ICOs, and practically everything else in this space. The same risk you take when you put $10,000 into some ICO, you are taking a risk putting it into some Bitconnect loan, or holding the Bitconnect token, it is opportunity cost.
But if you've got so much money that you don't care if you lose 10k, or if you are betting on crypto for fun or just because you don't know what to do with the money, well then it becomes different.
The issue is, no one should be betting their rent money or their last dollar on any of these tokens, not even Steem.
Are you seriously comparing Bitconnect with Bitcoin? Wow. There is a difference between putting money into obvious ponzi and investing in a risky ICO. To anyone not yet invested into this scheme, there are many other ways to take high risks to gain high rewards.
https://steemit.com/bitconnect/@vlemon/warning-do-not-invest-in-bitconnect-it-is-a-ponzi-scam-read-these-10-reasons-why
Go over the points in that post. Take your money out while you can, don't be daft.