RE: How is Bitconnect Sustainable? How is Bitconnect Not a Ponzi?
I have a different outlook when it comes to bitconnect and the cryptomarket in general. There are some great projects out there that I truly believe in (PAY, BAT, NLC2... and more).
It seems like the majority of people are always searching for the next big thing. There are so many ridiculous ICOs and coins that are worth far more than they should be. Most of them won't ever come to fruition.
When you are investing into crypto, the only question you should be asking yourself is:
"Will this make me money?"
We sit here and focus on the technology of a coin and the possibility for it to change the world. SiaCoin has a great platform (not interface) that provides a great storage solution. The coin is basically free at about 60 sat.
Stop flaming bitconnect. If you hate it, continue hating it. Stop trying to convince people that it is a scam. It's obvious that nothing could sustain infinite 1% compounding payouts. Maybe they will scale down their interest, maybe there is a bot - who cares. Regardless, it can't sustain in its current condition. The math is very simple on it, and if anyone refuses to believe it, they obviously will never change their mind regardless of what you say. If you love bitconnect, great. Stop trying to convince everyone else that it is great. Let them make their own decisions on how to invest into something that is very volatile.
At the end of day, your job is to ask yourself - "will this make me money?"
The answer with bitconnect is: Yes - at the moment. It could be around for 2 years, it could end in 5 minutes. No one knows. Diversify your crypto holdings. If you can afford to hold some volatile investments that could provide high rewards, but also could go to 0, then invest in bitconnect. Don't push it down everyone else's throat. Don't sign up under a youtuber or referral spamming prick and encourage them to continue spamming.
Use a service like BCCshare.com or another referral sharing service so you can get your referral links used without you spamming endlessly. I have 3% of my crypto investments in bitconnect. I used a referral sharing service because I refuse to shove my referrals down into people's throats. It's a terrible system that creates endless spam. If you've ever visited r/bitconnect ... you are in for a very bad time.
The point is the only way to make money on bitconnect is to push referrals. If you just do loans you are better off just holding btc!