This has shown that BCC is a ponzi– which is the 25th biggest cryptocurrency in the world and has a market capitalisation of over $2 billion.
Bitconnect is the biggest cryptocurrency scam as the case maybe right now. This is a fact, and from the way it is right now, digital currency is going to be affected for a while. This is a lesson for the impatient investors and also for the greedy ones too. The promises were to good to be rejected, 40% returns in a month, the referral bonuses also was much. Where do they expect them or how do they expect them to make those promises of theirs realizable?
As an investors, you have to work with this 6 simple steps:
●Who are the founders of the business you want to invest in because their lagacy or reputation matters depending on the type of investment.
●What is the genuity of the investment or business you want to venture into.
●Are the returns or profit promised realizable?
●What are natures of the business and putting the economic situations into consideration.
●The business has to be easily assessible and understanding to it investors.
●What are the aims and objectives of the investment to it investors and it society.
The Bitconnect team wrote that they have received two letters from from the regulators in Texas and North Carolina.
“We have received two Cease and Desist letters, one from the Texas State Securities Board, and one from the North Carolina Secretary of State Securities Division,”
The announcement blames an innumerable factors for their present predicament.
It is just too ridiculous when they have bitcoin in exchange of Bitconnect and of which it won't be assessible for a fixed period of time.
The table above shows their returns on investment.
@swissclive with the problem facing Cryptocurrencies right now, how sure are you that finney is going to reach $2 before April, what donyou think?
Sure? I am far from sure! I think we go lower now, but speculation is as perrenial as the grass. When it come back, we’ll blow past 2 bucks. I can’t say when, but April looks like a good target for the finney to be $2 (=bitcoin at $20’000)