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RE: Bitconnect YouTubers Headed To Court: Prison Time? / Coinbase's New Tax Tools / BitPay Adds BCH / !

in #crypto-news7 years ago (edited)

Bitconnect was a scam from the word go...
In actual fact so was BTCGlobal...

When you have to wait for your initial investment and get rewarded with compounded interest, then ask yourself this; where will the money come from to pay me?
Answer - from people joining the system last and the dependance of referrals.

My advice is that if it is too good to be true then it probably is, be warned that those scams are not the first and will definitely not be the last of its kind.