What makes an opportunity legitimate or illegitimate? If BitConnect is centralized then you always have the same risk you have with centralized exchanges like Poloniex. Cryptos don't generate any passive income and while you do get ROI, you don't get anything for referrals so you cannot earn anything in most crypto ecosystems. Steem is an exception but Steemit earning potential is low for the vast majority of users.
Aside from the fact that Poloniex and the other exchanges don't promise users any profit, you should know that the owners of these sites and their addresses are public information, if you do a "whois" search, while BitConnect's information is hidden. So the owner of Poloniex could not run away with the money without repercussions, while the owner of BitConnect could.
Thanks this is a very strong point and I have removed all references to BitConnect. Please post more about the fact that BitConnect cannot be traced to a human owner. This would be fine if it were a decentralized exchange but it's not.
Well, there is no information on their website about the owner (or a company, for that matter). There is no information on google about the owner. Finally and most importantly, if you go to any "whois" site, like https://www.whois.com/whois/ , you will see that the owner chose to remain anonymous, which is a service that costs a small yearly fee, and a service that the vast majority of legitimate businesses do not use. Poloniex's owner information (name, address, phone number) is public, and they verify your information when you register the domain, so it's not like you can type in anything you want.
I have chosen to protect my identity on my registrar as well, but that was to protect myself from spam, and because the cryptocurrency I'm trying to create will be decentralized. With the minimum investigative work you can find out who the owner of vialcoin.com is, since I've linked my LinkedIn and several other social media accounts to it. Having identity hidden doesn't necessarily make something a scam, but Bitconnect has all the warning signs flashing bright, for those who have seen ponzi schemes before.
The owners of Poloniex are fake names, they got 1 legit guy taking the fall for the rest.
If you want a crypto that can generate a passive income, look into Diamond. It mints at 25% annually. It's been around for a while. I have it and I like the monthly returns I'm getting. I'd encourage you to look into it and see if it's something you'd like to add to your portfolio. Disclaimer: I am not directly affected by your decision either way. The coin does what it does for me regardless of who else invests in it or doesn't. If more people invest in it, that would raise the price, but at this point I don't need the price to go up--I made my personal calculations and strategy based on what the price was several months ago.
Can you post a link?
https://bitcointalk.org/index.php?topic=580725.0;topicseen https://bit.diamonds/
I'm trying to launch a very different crypto,unique to everything else out there, and can use any help I can get (new users, shares, etc)
Free to claim, I will never ask users for money or give details to any third party. +earns a modest 0.5% / month interest while freely available to use 😊Check https://VialCoin.com @Dana