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RE: BitConnect Ponzi Dumps 75% High To Low On "Website Hack" - Touches $38 - I Told You To Get Out
It was only a matter of time.
Bitconnect converts your BTC to BCC, then lends it out. Please find me someone who has actually borrowed money from Bitconnect, paid back the loan + interest. I wonder if the borrowers even exist.
That's a very interesting point. We've seen lots of people showing that they've gotten their principal back when lending with Bitconnect. I believe it. I think anyone who got in early enough is indeed making money, exactly like every ponzi scheme and MLM in history.
Much like the financial system that lead us to crypto in the first place, Bitconnect is one giant game of musical chairs with pied-pipers like Craig-Grant pushing it.