Bitconnect.... LMFAO: Ponzi meets Crypto
I’ve just started watching Doug Polk’s crypto channel, and it’s the YouTube channel we need in this space. Doug Polk is a fan of many of the same YouTubers I’m a fan of, and his content is top notch. He recently warned people against Bitconnect. It is very likely that he saved people countless amounts of cash.
Doug ruthlessly makes fun of the very multi-level-marketing scheme that bitconnect is. He also exposes such frauds as Crypt-Nick and a dude named Trayvon.
This guy deserves the views. Check him out:
Everyone will want fiat at the end of this speculative mania as fiat is officially recognized currency supported by state authority. Definitely not ideal, but still better than the virtual mirage of 'money'.
#Bitconnect, which has been accused of running a Ponzi scheme, shuts down..
Goes from $400 to $5
That it has a value of $5.00 is problematic.
You think crypto has no future? I think this was the end of a Ponzi scheme, not an indictment of crypto.