Quote from: HAARP on November 07, 2017, 10:31:52 PM

Quote from: Cipherr on November 07, 2017, 10:08:06 PM

You didnt search then.

Bitconnect is a well known ponzi scheme in the crypto community. Its trading of its coin is kept to as few exchanges as possible to manipulate and control its stats and its a joke that will crumble when they cant pay out eventually.

If it wasnt a ponzi everyone in their mother would talk about it, because look at its growth rate. But when you realize what it is, you wont touch it with a 10 ft pole, because it could collapse into nothing at any given moment. Like 10 days ago they just dropped their marketcap by like 500million out of fucking nowhere with some lame excuse. Go check the marketcap chart to see it.

Ridiculous. Stay away.

It's a ponzi scheme for sure, but we can't understand how its price was pumped this much. From the january 2017, until now, there is sharp value inflation in its price and this is very interesting for such ponzi scheme. That's the point.

One of the big reasons the price went up was because a TON of greedy crypto-youtubers were spreading the word like wildfire because of referral bonuses. They offer a lucrative bonus for inviting new people in the system by giving you like 10% profits from your guests profits. It's incredibly sketchy, when I first heard of it I knew very well this was nothing but bad news. The people who invest in this downright confirm it's legitimacy without a shadow of a doubt, but the truth is poignant with BCC. It looks like a ponzi and it feels like a ponzi, so most likely.... it 's a ponzi.