You are viewing a single comment's thread from:
RE: BitConnect Scam: How Many People are Involved? Post 4
So I have been trying to guess the number of people and amount of money involved in Bitconnect. I see 7,540 active addresses. Using the $1,400 per subscriber; that means an estimate of $10.5 million US of cash has gone in. I wonder if the crytpocoin is not being used like a Pump and Dump. This used to happen a lot in the stock market (and still does) and now the alt coins are the new area. What is interesting is that with only 10.5 million US; they have been able to get $860 million dollar market cap. I guess when you only allow 2% of the company to trade; that is easier to do.