Good luck with your project. Just remember, the longer a ponzi scheme is open, the more likely it is to take the money and run. And with crypto, you have no legal recourse, they just grab your bitcoin and run. Most ponzis close up shop within a year. The bigger ones can last longer. Traffic Monsoon lasted about 15 months. So keep in mind how long the ponzi has been open before you lock up any money in them.
You are viewing a single comment's thread from:
Thanks for your concern, but Bitconnect is not a ponzi scheme, as you do not have to recruit anyone in order to profit from this platform. Also Bitconnect is the number 13 cryptocurrency with a almost 800 Million Market Cap, it has a BCC coin that takes computing hash power and large amounts of electricity to bring them into existence (POW) just like Bitcoin, which gives it an actual value. Bitconnect stands alone as the only Blockchain lending platform( for now, Regal coin coming soon) as it has its own Blockchain and coin, something that ACTUAL PONZI SCHEMES like Traffic Monsoon and Control Finance can't say.
Every ponzi scheme has a way for you to profit without recruiting. It is just that recruiting other suckers is where you make the fast money. Bitconnect is just a ponzi scheme that attached itself to a blockchain. Nobody trades bitconnect, nobody uses bitconnect to buy anything but loans on the bitconnect website. 95% of all volume is for that purpose only. Bitconnect stands alone as the only ponzi scheme with its own blockchain. At least since onecoin collapsed.
The only thing holding bitconnect afloat is the big rise in bitcoin price. This means that when your "loan contract" is up they will only have to pay you back a small portion of the bitcoin you borrowed them. That will give them another 6 months maybe...
You my friend have a very negative way of thinking. Either you have been robbed by a ponzi scheme before or one of them has had a negative effect on your life. Either way I would appreciate if you keep your negativity to yourself and not comment on my posts, thanks and take care, wishing you the best here on Steemit.
hi is mabe frustrated that he missed it from the start. I am going into regal coin too
LOL
good work dude
They don't understand that they have the investment back in 3 months. Take it out and keep going further. is difficult to be smart these days
it just take a little of a math to understand
Nope, never put any money in any ponzi schemes. Just thought I would point out what you are getting yourself, and others who you sign up under you, into...
Cheers, mate, and keep on Steeming!