Post
Topic
Board Scam Accusations
Re: BitConnect = Massive Ponzi Scheme
by
Iranus
on 23/10/2017, 21:55:34 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.
-link-
Your article claims that Bitconnect is entirely legal, but in all states that I know of, unlicensed managed investment schemes are extremely illegal. Bitconnect's founders are also anonymous.

You also neglect to mention that users of investment schemes tend to compound their interest.  By the time a user had kept their $100,000 in Bitconnect for two years at a rate of 1% per day, they would have accumulated 142 million dollars.  By the time they had left it in for three years, they would have accumulated 5 billion dollars - an amount I think we can both agree is too much for Bitconnect to handle.

In your attempts to benefit from their referral program, you are yet another person becoming complicit in Bitconnect's massive scam which is right under the majority of people's noses.