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RE: BITCOIN CRASH SUNDAY!! ----- BITCOIN OVERPRICED!!! ----- INVESTMENT BANKS MANIPULATING FUTURES!!!
I think Bitcoin will continue up, its not a bubble... There are better coins then Bitcoin: Steem, EOS and Bitshares are way better. Bitconnect is interesting to lock your Bitcoin profits in.
If so you say, EOS, Steem and Bitshares are better than BTC. Then why would BTC needs to go up?
(Just a genuine question, trying to understand your viewpoint)
Bitconnect is the definition of a Ponzi scheme. They flaunt lavish lifestyles and massive ROIs on minimal risk/effort. They're appealing directly to peoples' emotions and targeting those who are new and potentially not as informed about the industry.
I am by no means an expert and will happily eat these words if this turns out not to be the case. What exactly are they selling? What problem are they trying to solve? What exactly is their technology/solution? You won't easily find this information on their site and when you do it is rather vague.
Compare that to groups likes Golem, Ethereum, and Steemit who are all working toward solving difficult problems. They are VERY transparent about their intentions, openly share and promote their technology, and acknowledge the criticism and potential drawbacks. I won't deny there is no money at the top of their pyramid, but when Bitconnect goes down it is going to take a lot of people and momentum with it.
Since I'm on it - just be wary of anyone selling a "forced matrix" compensation plan - (cough cough ) Project Ethereum, which is not associated with the Ethereum developers.
In classic Musk fashion: "imo..."
so glad you mentioned Bitconnect here... I think one thing many overlook about Bitconnect is that the volatility is what makes the coin and loans valuable.