I've been bugged by everyone about this bitconnect (BCC) even when it was sold for $150 Dollars I gave it deaf ears, the advert and trend are so much. Now its sold for 1 BCC = $293.7104.
They even offer 30% ROI for your investment just like all SCAM people do. I wonder if its scam or worth investing in. And what is the best amount to start investing?
It's not a direct Ponsi like most people think where it needs new people entering to keep paying out. What it needs is BTC to continue it's exponential growth. Once BTC stabilizes it will collapse. Check out my post on the math of how they are giving you way less BTC than you give them: https://steemit.com/bitcoin/@jnorthwest/bitconnect-explained-how-they-take-your-btc-and-give-you-less
That's to say it's not a sure investment then?
That's what am baffled about ...the number of people been deceived into it. They would eventually loose. It's just true good to be true process.
Are you saying that they would phase out soon like every other ponzi network? I've been a victim of bitcoin network scam severally.
Sure they will.. direct or not direct Ponzi. They always rob Peter to pay Paul.
It could be a scam who knows.... But I think the best amount to start with is what you have.
The ROI is not static and it's bitcoin dependent ...there's no guarantee or whomsoever that's running this group or organisation. It seems shady and am going to research it our my self