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RE: [Warning] Do Not Invest in BitConnect, it is a Ponzi Scam! Read these 10 Reasons Why
Bitconnect sounds to good to be true? but in the short term? People earn money.
Bitconnect sounds to good to be true? but in the short term? People earn money.
Yea, there is no doubt people are earning real money. But that doesn't change the fact that it is unstable and will collapse. Eventually screwing thousands of misled people out of their hard earned cash. At the end of the day it is up to you how you want to invest your money when presented with the risk. My issue is the amount of disgusting people out there trying to lure people in through Social Media.
I agree with you @trystonperry11 100% its too bad these things are out there but they are... ive always been skeptical of this one as well as the most recent version ethconnect. these things play on peoples greed so they become highly profitable for a select few. anything that promises to pay you a percentage daily or that you have to sign people up underneath you is most likely a ponzi. and Thank you @vlemon for posting this valuable warning for people who may not know about these sorts of things. definitely following both of you and upvoting. wish you both much success!
You are more than welcome and I hope it helped some investors to not risk their money into Bitconnect.
@trystonperry11 I agree with this is not realy stable. But do you think stock market is stable? All investments are risky. It depense on the people witch level of risk they want to take. But everybody should make their own research!
It's a ponzi, which relies on misdirection and lies to lure people in to perpetuate what is eventually an unsustainable scam. It was not started with good intentions, it is a hoodwink for the owners to walk away rich.