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RE: Was BitConnect a Scam?

in #cryptocurrency7 years ago

Hi there, the way I see it, Bitconnect is indeed a huge ponzi scheme. Why did I say so? First of all people will earn nothing yet for the next 70 because technically, that is just the money that they put in. For example you invested $100 and gets 1% daily compounding, it would take approx 70 days to get the amount you initially invested, then that's just the start of your supposedly profit. What I have in mind is that if they do really care with their investors, they should have not released all of those BCC coins in a single drop to avoid panic selling. This is plainly just my opinion though

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Right I see what you're saying. Good points.

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