People are always going to red flag anything that seems too good to be true. Of course that's the case with this as well. For now, they've done everything as promised and kept their word. They're a fairly new company, a lot of things are still waiting to happen. They're going to show up at some major events within the next few months. Honestly, we won't know for sure unless it's too late. But I'm willing to take that risk. I've personally invested enough so that if it's legit I'll get far with compounding and low enough that it doesn't really matter if it turns out to be a scam or not. I've been recommending it to friends since I believe in BCC and I want them to succeed. You can't call someone a scammer unless they've scammed you. So far they've tried everything to provide a good service and be legit so it's honestly not fair to them.
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If Bitconnect was trading outside of cryptocurrency, they would not even exist right now. They would have been shut down because what they are doing would be illegal. They would be classified as an illegal hedge fund.
Bitconnect shows no evidence of any revenue being generated. No evidence of their "trading bots" existence. They should be providing info/data regarding every investment their "trading bot" makes.
No one is investing into Bitconnect using "logic", all investors are investing with "emotion".
I understand that the average person does not understand how ponzi/pyramid schemes function. The fact is that they all payout. They need to be able to pay old investors in order to build a bigger scam so that they can make the most of this opportunity.
People are talking about being paid hundreds of dollars. It's funny to me. As if hundreds or thousands of dollars make up a large sum of money. This is not. What is a large some of money would be "hundreds of millions of dollars" which Bitconnect is more than capable of generating.
I have not heard a single intelligent reason to invest in Bitconnect (anywhere online) and the only ones making money are youtubers, from referrals.
Everyone else is focused on compound interest, meaning they are reinvesting and have not been able to withdraw enough to cover the amount they initially invested.
If a company was able to produce the results that Bitconnect (and other companies) claim to be generating and if they were to be transparent providing the details of every investment they make, they would be seeing more investors signing up than they could even handle. They would be known world wide as the greatest investment in the world. They would not need an affiliate system and so they would generate even more for them selves
When most people go shopping they don't shop using logic, they shop using emotions. Same goes for investing.
Bitconnect is not even an investment. It is a gamble. You are literally gambling on Bitconnect to stay in business.
I'm waiting to see the headline "Bitconnect was hacked" lol..
Bitconnect can claim to have been hacked and they will get away with it. Nothing is stopping them.
Bitconnect is a genius scheme.
fyi it's funny to me that no one commented on the photoshopped image of the "new office" Bitconnect says they have in India.
Why would they fake an image like that?