What Happened to Bitconnect?!
I can't say I told you so, because I've never posted about Bitconnect(BCC) before now. But I always thought it was a scam. I've witnessed it surpass the $400 mark and now it's back down to $15.
If you haven't heard about Bitconnect it basically works off a referal system. The more referals the more money you make. Kinda sounds like a pyramid scheme doesn't it? No need to get into all the details of what you could actually do on this site since it's been shutdown.
People with wallets with Bitconnect van withdraw there money still, but the price withdrawl price is around $360 based on an average of the last 15 days.
Keep an eye out for ponzi schemes!
Yes many ponzi schemes out there. They guarantee returns per weeks to per month to per year. Any platform which says your money will become this much in this much time is a scam. Beware of such ponzi schemes.
Countless ponzi schemes. A lot of ICOs that just stink of it. Self proclaimed best ICOs. If it sounds too good to be true, usually it is.
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