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RE: IS BITCONNECT A SCAM – November 2017 update. Very alarming news for Bitconnect investors, could be a sign of the company shutdown.

in #bitconnect7 years ago

I think it may have started off as a scam but they are doing so well it might not be anymore haha

They created a coin that is now worth billions of dollars! They could pay out clients for a very long time just off that alone.

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Yeah, before this record appeared they might be spotless (they pay to clients, they have coin etc.), but now.. well much harder to prove they are not a scam in terms of legitimacy. Because a lot of company activities (e.g. holding conferences, paying for goods and services etc.) still need a legal entity nowadays.