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RE: STEEMINT Brief 003 - BitConnect Warning - Very Good Chance it Will Cease to Exist Before October
Smart observation. Ususally pyramid schemes vanish after offering huge discounts or bonuses to maximize the deposits. Anyone remember LTCgear? Ouch. So, if this is the case with Bitconnect, better secure your profits and run. And unfollow the people promoting it. You can find better advice.
Oh yes, there were so many such schemes - scrypt.cc and the infamous Marcello Santos was the name given, supposedly operating 2 scrypt-based mining centers in Brazil. Supposedly hit by high electrical bills, then by hackers, then he just slowly let it die and Poof disappeared. The income from money invested was just too good, so people threw 100s of thousands into it. Then there was HashOcean more recently .. I would not be surprised if the same people are involved - just moving from one large-scale scam to the next.