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RE: Is Bitconnect a scam?

in #bitcoin7 years ago

I think you are right about that @damarth I think that as long as Bitcoin goes up, so does the price of the Bitconnect coin, and i think they continue paying out to those that also lend within their platform.

But I do wonder what would happen in a long period of either stagnant prices or even a downturn. I believe this would definitely test to see if their is a trading bot, and if it can remain viable under such conditions.
Anyhow, take care and lets hope bitcoin hits $25,000 or more sooner rather than later.