You have to be technically analytic before you can speak for, defend or against bitconnect platform, the geniuses behind bitconnect are betting on the rise of Bitcoin and they are holding two strong assets (BTC & BCC) which they are exchanging on their platform and pay you back the fallen dollars, turn the chart of bitcoin and bitconnect upside down against your precious dollars. The truth is that many people are not used to winning big and Bitconnect will survive a long time as long as Bitcoin keeps rising.
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If it smells like a hamburger, and feels like a hamburger, it probably is a hamburger. Bitconnect cannot be proven to be a ponzi scheme but it smells and feels like one when you look at it. One of the core features of a ponzi scheme is it being unsustainable. On bitconnects site, it says that you get 1% interest. Per day. Ok, lets calculate the compounded interest for 30 days, 90 days and 365 days. That would be 34% in one month, 244% in 90 days and 3778% per year. Something, someone or some entity has to pay for this. This cannot come from thin air. Compare that to the bank giving you like 2% per YEAR for the money you deposited with them. Again, if it smells like ponzi and feels like ponzi, it probably is ponzy coming your way. Get your money out faster than fast and stop fooling newcomers into crypto with bitconnect-propaganda-nonsense!
Nothing is guarantee in crypto world my friend, only opportunities and stop beating yourself up over someone's pain. It's not your pain!
Hi cryptoproff,
We haven't seen a sustainable correction in Bitcoin yet and when that happens, I want to really how they are going to pay investors those promised insane returns.. I hope for those poor investors that this doesn't happen soon
Hope is life!