Why BitConnect is a ponzi scam.
Let's talk about BitConnect and why it has to be a ponzi scam.
With 1% daily profit (that you keep reinvesting every day), you would become a BILLIONAIRE after 5 years with a $100 investment. You would have $7.7 billion to be exact.
After 10 years the $100 investment would have grown to.. and hold on to your hat... $592.944.857.206.943.000.
That is 592 quadrillion dollars from just a $100 investment, or around 3.000 times as much money as the approximately 200 trillion dollars we have in circulation in the world today. This is obviously not sustainable, and if you can't see that, then you deserve to get scammed.
Feel free to share this with your friends and family if they are trying to trick you into "investing" in this ponzi scam.
- Xodo
It Doesn't matter if its a Scam or not -
OutSmart it !
its simple -I wrote about it here :
https://steemit.com/bitconnect/@xgrosz/why-it-doesn-t-matter-if-bitconnect-is-a-scam
How Bitconnect can make the money it's paying out..
Why most people don't understand Bitconnect returns.. Your missing a few facts like, limited to 100k max investment. Also if Bitconnect's economy scales beyond certain limits, obviously the return would be reflected as such. The 1% people are getting isn't guaranteed and is based on current market conditions. Did you do any research before you posted this ?
I did a lot of research before I posted this. I even joined the ponzi with $100 just to do some research. The limit you are talking about doesn't make any difference what so ever. You are allowed to do as many investments as you want, and two $100k investments is exactly the same as one $200k investment. I know that the 1% daily return isn't guaranteed, but this is the daily return on the investment that has been the "norm" so far. And even if you only get the minimum 0.25% guaranteed profit every day (from a $10k investment). It will still add up to $90.780.322 after 10 years. That is 90 million dollars.
Before you do this articles and conclude Bitconnect as scam, you have to make a true research and explains what are the truths; Here's the following how you will do your research properly. You don't just do your calculations but test your self in the water; Here's the proper research that you do?
Is there any members of bitconnect who joined for more than a year did not received the pay-out? You need to answer such this question? Because the number one (1) signal if the program is scam is they are not paying out the investor's profit and not approve the release of withdrawals and they captured the capital of all investors.
Assumed you miss the number one (1) item. The next thing you will do is to register in Bitconnect program and invest at least $100 as your sacrifice money just only to find out if Bitconnect is not paying so that I can conclude that they are scammer but you didn't do this one in your actual research.
One of the business of bitconnect is trading? Did you come inside to their website and se the live trading? But you did not do these research.
Did you scroll www.coinmarketcap.com and to prove if bitconnect bcc coin is not there or it is traded? If your coin is not there in coinmarketcap which means your coins are fake and not passed as the digital crypto currency. But you didn't do your research there.
Aside from coinmarketcap, there a lot of exchange under this coinmarketcap like bittres, bethumb, polonia, nova exchange, gemini exchange etc. and did you see the bitconnect bcc coins on their trading? Bitconnect are always there.
I knew you are India nationalities and don't you know that one of the top leaders also are indian nationality see youtube and they testified that bitconnect is real.
A lot big conference being held and founders are attending these conference in Thailand, Malaysia and now in Vietnam this coming October did you attend bitconnect conference and interview all these founders and top leaders?
Check the who.is bitconnect is registered has telephone number and company itself and you they have several offfices you know scammers their office are not true and only virtual but bitconnect has office in UK and Indian and Hongkong and other 7 countries check the website.
Therefore on the above criteria which means your research is fake and hersays and you did not establish and dig itself bitconnect. Actually there are a lot of scammer website there want to duplicate Bitconnect like Control-Finance they are also lending and trading but don't you know what happened to Control-Finance since 6 Sept until now 12 sept. they are not releasing the withdrawals and daily profits of all thousands of investors and scammed $120M. So Control-Finance are real scammer but in the number criteria where the program is scam and is they are not paying anymore and capture all the capital. Did you xodo please improve your research and don't based your article on hearsays and lie. ok?
I told you!
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