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RE: Bitconnect? Is it a scam

in #cryptocurrency8 years ago

Well they are paying thier lenders right now, but until when? I tried by investing $100 , which is the minimum amount. The lending bonus is credited almost everyday and I have received around $35 dollars in tha past 30 days.
The scheme seems legit only on the point that they are asking thier lenders to invest in USD , not in BCC , which means that they are gonna pay you back your invested USD in USD only. The increased demamd of BCC will push the prices to great levels .
For example- When I purchased a BCC a month ago it was trading at a price of around $20 , so I had to purchase 5 BCC in order to make $100 for lending. My initial investment was $100 or 5 BCC, now BCC is trading around $60. Now if they return my initial investment to me which is supposed to be after 299 days, considering that the price of BCC remains the same at $60, they will pay me $100 dollars which is just 1.6 BCC, and they can resell the remaining 3.4 BCC.
Maybe this lending scheme is just to increase demad and price of BCC.
Only time can reveal what is the truth.
But if you wish to lend use my referral -
https://bitconnect.co/?ref=Premkumar