Quote from: crshovrd41 on January 18, 2018, 06:55:53 AM

I had a lot of folks close to me get caught up in this scheme. There are so many of these operations that operate in this typically criminal scheme. Obviously, CC isn't regulated like the NASDAQ or NYSE markets. My question is, what does everyone think of these type of situations? This is much different than a bankrupt exchange stealing money, this seems like a pure Ponzi scheme.

Regards!

If you participate in Ponzi Schemes than its pretty much sure that you are gambling out your money. I have always considered Ponzi Schemes as Gambling.
It is because that we know sooner or later the program will shut down and run away with our money. There is no guaranteed return on investments on daily basis.
Those who participates, they know the risks involve in it. Still they participates to earn some quick money. But later they gets busted and complains meaninglessly.

Bitconnect is not different than other ponzi schemes.

Quote from: crshovrd41 on January 19, 2018, 04:36:46 AM

Anytime you hear "we guarantee XX%" it's a Ponzi scheme...

This is not fully correct. If you had said "guaranteed XX% daily" than it would be correct.
And also people should know how the X company generates revenues to pay back later to their investors. This is very important and people should understand before investing.

But the biggest solution for all about this is to ignore Ponzi Schemes. A SIMPLE SOLUTION!