RE: Bitconnect is probably a scam
Don't count me on this and I'm not 100% sure if I'm correct, but I am apart of multiple AutoTrading companies. One being TradeCoinClub ( which I've seen the bot trading ) and I have 10x more invested in that then Bitconnect and I could still earn more in bitconnect. The reason why bitconnect can pay so high is that they exchange BTC for Bitconnect coin.. the coin used to be worthless and they've been getting bitcoin from people for the coIn. So over time as it's gotten bigger the coin is now worth 120$ USD. So they've been getting bitcoin for these coins they've been circulating in. So there alone with the money they're making from the exchange they could easily pay the interest.. who knows if they actually have the trading bot or not. I absolutely agree that one day they could just run away with it all.
Everything is backed by bitcoin. so yeah your trading bitcoin for bcc but if you go to ANY trading platform for crypto they make u deposit bitcoin and then buy whatever u want essentially trading bitcoin for crap coins.
also heres something to think about. what makes bitcoin so valuble? the answer is simple its supply and demand. ppl are still willing to buy bitcoin for over4k.. bitconnect coin is now around 120 ea with a market cap of almost 1 billion. This coin is going up plain and simple.