Bitconnect is a risk, but they can't just get out of the game like others, because they have their very own blockchain and "COIN", that can't just vanish like a simple HTML website.
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Bitconnect is a risk, but they can't just get out of the game like others, because they have their very own blockchain and "COIN", that can't just vanish like a simple HTML website.
You are right. This is a much more sophisticated operation with their own token but when redemptions start pouring in they can still block transactions and devalue BCC almost to zero. So the result will be the same and it will be dropped from all the exchanges. I think part of their marketing success has been allowing people to think it might be a scam but that they can beat the house. I never hear any of their promoters say that they ran the numbers and checked the technology and this is a solid investment. But it's definitely not worth the risk and even if you get out with some money there's always the risk of clawbacks from lawsuits.
If they do what they say they do then numbers will work and this is a business making great profits like Renaissance Technologies making profit 40% a year after expanses for years for their investors however still no evidence of all the things they say they have and do makes it kind of shady looking
WOW, before you send any BTC to these dudes, can I offer you a better deal? If you send me your BTCs, I'll promise you a 580% return per year, which is 100% better than what the BCC grifters are promising.
Let me know if you want my BTC address.
sure and you have people who can prove you did it for them as well and you pay them daily interest of 1.6% for at least one year looking back
then send me your BTC address