Quote from: suchmoon on April 23, 2018, 02:12:28 PM

Quote from: jnns on April 23, 2018, 09:30:14 AM

As for Bitconnect, so there is NO REAL PROOF it to be a scam/ponzi actually. NO FACTS, but only opinions that certain people spread over the Internet.
Personal opinions are NO proof!

There is really only one indisputable fact that is enough to call it a scam - Bitconnect stopped paying the unsustainable interest rates, i.e. the ponzi collapsed. But if you want to be more specific - see below.

https://www.sec.gov/fast-answers/answersponzihtm.html

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What is a Ponzi scheme?
A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors to create the false appearance that investors are profiting from a legitimate business.

Why do Ponzi schemes collapse?
With little or no legitimate earnings, Ponzi schemes require a consistent flow of money from new investors to continue. Ponzi schemes tend to collapse when it becomes difficult to recruit new investors or when a large number of investors ask to cash out.

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What are some Ponzi scheme "red flags"?
Many Ponzi schemes share common characteristics. Look for these warning signs:

High investment returns with little or no risk. Every investment carries some degree of risk, and investments yielding higher returns typically involve more risk. Be highly suspicious of any "guaranteed" investment opportunity.

Overly consistent returns. Investment values tend to go up and down over time, especially those offering potentially high returns. Be suspect of an investment that continues to generate regular, positive returns regardless of overall market conditions.

Unregistered investments. Ponzi schemes typically involve investments that have not been registered with the SEC or with state regulators. Registration is important because it provides investors with access to key information about the company's management, products, services, and finances.

Unlicensed sellers. Federal and state securities laws require investment professionals and their firms to be licensed or registered. Most Ponzi schemes involve unlicensed individuals or unregistered firms.
Secretive and/or complex strategies. Avoiding investments you do not understand, or for which you cannot get complete information, is a good rule of thumb.

Issues with paperwork. Do not accept excuses regarding why you cannot review information about an investment in writing. Also, account statement errors and inconsistencies may be signs that funds are not being invested as promised.

Difficulty receiving payments. Be suspicious if you do not receive a payment or have difficulty cashing out your investment. Keep in mind that Ponzi scheme promoters routinely encourage participants to "roll over" investments and sometimes promise returns offering even higher returns on the amount rolled over.

That's nice that you give all these definitions here, good to know, thanks.

But most of them have nothing to do with Bitconnect, as it has not "promised to invest funds in opportunities claimed to generate high returns with little or no risk".
If you claim so, you are lying. Have you read their Terms and Conditions? I have.

Please show us, where on Bitconnects website is promised "guaranteed" investment opportunity? You cant, because there are no such claims, and have never been.

So, please deal with FACTS, not just definitions you seem so much wanting to apply on Bitconnect.

Each organization collapses when people stop participating in it.
Bitconnect was very successful. What happened was that a lot of new people entered through Bitconnect into the crypto space.
These newcomers did not consider the risks of investing in crypto, but had desire to quickly solve their financial problems and fulfill dreams.
They forgot the first investment rule: Do not invest what you cannot afford to lose.

We all know that each adult is responsible for their decisions.
If some people made wrong decisions due to greed and foolishness, does this mean that Bitconnect is a scam? NO.

The organized massive FUD and hate campaign started when Bitconnect run on the sixth place on the top of Coinmarketcap and passed DASH.
Whats the reason YOU participate in that campaign?

All in all, I wonder, why you are so eager to make untrue claims on Bitconnect actually?

If you want to spend your time doing something really valuable, then why dont you deal with REAL scams?
There have been very-very many of them over there, but nobody does talk about them. Why so?
Just wondering.

jnns

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