Quote from: xypos on August 31, 2017, 08:41:47 AM

Quote from: Airstriker on August 30, 2017, 09:05:23 PM

Quote from: NewbCoins on August 13, 2017, 02:52:30 AM

yes bitconnect is ponzi scheme. many people will get hurt. i never invest it

Same story everywhere. No self-implied thinking, just pure hate. Learn something about that coin first, and only then dare to say something wise about it.
https://bitconnectexplained.wordpress.com/2017/07/26/bitconnect-explained/

Check other articles too, if you need more details. I don't tell you to invest, just get some knowledge.

Your article essentially establishes on the fact that bitconnect team is going to stay honest, and not dump any portion of their premine. In fact you pointed out yourself, why people shouldn't be investing in it. You assumed that the "trading bot" is non-existent, and that's what most likely is happening. There is no such thing as a trading bot, and i ithink that you know that. Based on that we can already deduce that bitconnect is a dishonest company even if they pay out their users through staking profits.

It should be clear that bitconnect is not sustainable, is not decentralized, has no intrinsic value, and the founders hold a sizeable premine that they can dump at any time. And yet you are defending it, like it is some sort of magical way of earning money.

The funny story is, all the facts that you actually point out as a proof of scam, are at the same time the traits, that make this scheme work. Every single trait matters. And of course they can dump and destroy the coin in a day by day manner but why a hell would somebody want to do that? You serious? You think they don't already earn a ton simply by making this work? Do you usually destroy things just because you can? Destroy profitable company? Now, did you ever thought what would have happened, if the big Bitcoin holders dump their holdings? Do they actually do this? Why do you think they would ever want to do this? The only point in time where I find it collapsing is just where the whole crypto world collapses. And after all remember, that it's all just because of how the market mechanics work. Nobody wants to scam anybody. It simply works that way. Was anybody accussed of making the Tulip bubble to burst? The .com bubble? The commodities bubble? No. It simply collapsed because of the supply and demand stuff. Shit happens. So simply don't ever invest the money you are not ready to lose.