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RE: Bitconnect SCAM? Raise your hand if you went ahead anyway...
Damn bud your fingers must be sore after that.
Let's be clear I do not know a whole pile about bitconnect. But I do understand how a pyramid scheme works. It would be an injustice to continue this further without me being better informed first. But just speaking from the information in your post, I of course believe you have a moral obligation not to "support" such practice.
I stopped writing for a while and read there(or their, always get confused) terms of service in entirety.
Have you done so yet? It's a joke. Just a timebomb waiting to go off imo
Yes, ive read the terms of service MANY times. The spelling errors are one of the 1st things that initially put me off to the program. But, I looked past that and weighed out my risk/rewards and decided to loan out over $2k anyway. No staking, referrals, reinvestments, trading of tokens, etc... Just the interest payments advertised on the site. I have not made a single $1 off of anyone else and do not give out my referral for anyone to use. I haven't promoted Bitconnect at any time since my loan on July 7th, 2017. As a matter of fact, this is the only time ive EVER spoke of this program and I intend to keep people up to date with my experience on just my personal capital used to start the program.
Bitconnect is doing VERY well, and has been doing well since their beginnings. The true test of this program will come in a few months when capital release videos start being released. Not to mention new marketing campaigns and smart-card release. Once/if that happens, and Bitconnect not only survives, but THRIVES in the future and establishes itself as a REAL contender in the cryptospace, will you have changed your mind? If they become so successful, and stick around indefinetely, would you THEN not be as against this platform? Or do you always plan on calling it a ponzi no matter how successful the platform and people who use it become? 2 years? 3 years? 4 years? At what point would they become 'legit' enough for skeptics to do a 180° turn and start, at the very least, not label it as a proven scam. I ask this because if that time comes what would have changed your opinion of it? BCC would still have been doing what their sites advertised.
Do me a favor, if you get the chance. If you have time, check out 'Jeti Knight' on YouTube and listen to the way he dissects Bitconnect in EVERY aspect. He does an amazing job at articulating this subject. INFINITELY more than I'd EVER be able to.
Again, NO ONE is saying that BCC is a slam dunk, and no one should be putting money into ANYTHING that has not been properly researched by the investor themselves, and given themselves a chance to see if the 'juice is worth the squeeze'.
With their continuous success, upcoming Roadmap milestones, and growing daily user base, there are people who are obviously getting into it. Have all the newcomers been duped into something they don't understand? I doubt that. Some have absolutely jumped in without lifevests based off of what a YouTuber or friend/family member told them, but any consequences borne from this decision will be between the parties involved and IMO, shouldn't be used to slander BCC, Especially when no one has been "scammed" thus far. I think the more and more people REALLY think about what the program is, some can relate it to how Hedge Funds do business. And we all know how Hedge funds can goes YEARS without a down day. How is that possible? Bots, perhaps? Whats so different from their strategy? Name recognition?
As I've stated in my blog post, this is crypto. And I truly believe ANYTHING can happen in this wild world. That includes Bitconnect surprising alot of "non-beleivers".
It's quite late bud and you deserve a comprehensive response. I will get back to you tomorrow :)