Post
Topic
Board Scam Accusations
Re: BitConnect = Massive Ponzi Scheme
by
xypos
on 31/08/2017, 08:41:47 UTC
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.