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RE: 16th January
You're right - there are a number of great projects out there, but they are vastly outnumbered by utter garbage that as you say are nothing but FOMO generators. There's a simple test - if you watched a BitConnect video and thought it sounded like something worth invested in you're doomed, and visa versa. A good bullshit detector is essential in this game.
I've never heard of BitConnect. I'll avoid them like an angry skunk. Thanks for the tip.
Oh, and followed.
Thanks. BitConnect closed its doors yesterday. Lots have people have lost money, but any digging would have revealed it was a pyriamid scheme. Sad, but shows the importance of due diligence.
Damn, I feel bad for the poor folks who lost out. I find myself more and more ambivalent when it comes to regulation in the crypto world. It'd be a lot easier to digest if there were no centralized exchanges.