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RE: Please Explain How BitConnect IS NOT a Ponzi Scheme
The fact that it locks your money away for at least 3 months is also suspect. The whole thing just feels off.
The fact that it locks your money away for at least 3 months is also suspect. The whole thing just feels off.
I guess it's my fault. I've been watching CNBC's American Greed for over 7 years.
They lock up most of the investments up for 299 days. SO once the cascade of investments are due they might fold like a house of cards unless BTC is SUPER high by that time. Their token could sustain such dramatic monetary drain if it is 3x the price in a year. EASY to pay someone back once their token is sky high since they will be holding so many of them.