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RE: Ponzi Schemes in crypto land

in #cryptocurrency7 years ago (edited)

I'm just going to apologize right now because I'm going to be rude and I'm usually not, but when I come across small minder / narrow minded individuals like you I have to put you in your place. First of all you haven't done your research you're not a part of Bitconnect you've simply copied a review from someone else.

I'm not saying that bitconnect can't run away with all our money and that. It can happen.. it's a risk. The fact that you call in a Ponzi scheme clearly shows that you don't understand it at all. Just like bitcoin the more people who own it the more circulation there is the more it's used the higher BTC goes. Just like bitconnect there product " bitconnect coin " has gained value based on the refferal program and people joining since there is more demand for it. So now that it's been trading at around 150$ that is how Bitconnect affords to pay everyone.. the fact that they were selling there coin that's been mined or sold by others for 150$ that right there they make enough money to pay the average volatility which is roughly 1%. So they wouldn't even need an autotrader they'd easily be able to pay everyone based of the price of BCC going up and that's why they're sucesful. They brought a coin that was worthless to a market and made a plan that it could gain traction through this process and now bitconnects blown up and people think it's a scam. It's not my #1 company I support.. but for a few 100$ to test it out and see what happens doesn't hurt.

Also lastly there are autotraders that can make roughly 1% daily in trading. Just because you don't understand it doesn't mean it's impossible. There are smart people out there. Again do some research before you make a post and look like a complete moron.

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If you have so much conviction, why you don't invest more. 100 dollar is pocket change.

I have convicion on Bitcoin and Ethereum, on both of them i have north of half a million investment. I don't give a rats ass if somebody is saying they are a scam or they are going to crash. I tust them enough and thats where my money is. I don't know where you live, but where I live with 100 usd is not even worth discussing. Parking cost more than that.

Agree with you mate. Invest in something you believe in. Dont invest in something just to prove it is a scam. There is no risk free return like the one promised. Autotraders also lose money now and again. As an algotrader i would know...

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