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!
The funny thing is I had recently started thinking about putting money into Bitconnect after watching a YouTube video where someone explained that you get interest just from storing coins there. I thought this could be something worth doing. Im glad I didnt invest. I am very cautious these days after losing money on the Cryptsy exchange a couple of years ago.