Learning about Bitconnect  over the last week at first made me sad but now I am angry. This thing is 100% a scam and a ponzi scheme. There are no ifs, ands, or buts. I am a registered financial adviser/ financial consultant and hyip scams like this are nothing new. Bitconnect only made it more involved by having a token backing the whole thing. Its pointless trying to convince you blind cult followers who follow Bitconnect. But it doesn't matter what the product or investment strategy is. No one and I mean no one can guarantee daily interest of even .1 % let alone anything near 1%.

The reason I am now mad is from watching all of you jokers on youtube pushing this thing and trying to get referrals. By doing this you are literally stealing from other people. The money that is paid out as interest is purely from other people coming in. There is no trading strategy in the world that can constantly give insane profits. If their product or strategy was soo good they would have raised 10s of millions of dollars from institutional investors and actual institutions and would thus be the most successful hedgefund to ever exist. By trying to get people to join up and sign up under you is sick and stealing. I am tired of seeing how smug all of you Bitconnect followers are by thinking you are being  prudent "investors." From my research I have even seen some people who invest in these things knowing they are HYIP scams but hoping to just make some money before they get shut down. Well that again is stealing, as the money you make will be from someone else who might lose out when the site shuts down.


To resolve this mess tomorrow I am filing a report with the FBI office here. This needs to be shut down before more of you jokers try to lure people into this ponzi/scam. Shame on you all.