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RE: BitConnect Ponzi Dumps 75% High To Low On "Website Hack" - Touches $38 - I Told You To Get Out
Well I agree with the point in that article...it may be driven by referral. but the way I'm seeing it and as I been using it for 4 months now, I can tell you if it was only based on referral it was already long gone! I haven't done much referring, only 3 people with total sum of $350 bucks while I've been paid at least 15 times of that!
Please also check my data analysis on BCC data and let me know your thoughts if you like:
https://steemit.com/cryptocurrency/@ka82/bitconnect-investment
I also agree 100% that one day it may not work anymore but that depends on BTC volatility. I'm also not saying that it's a good way to make money but not saying would not work either.
I will concede, loathe as I am to do, that it (like all schemes that blow-up) are a way to make huge profits early on.
However, these promises of gains always come (and are sometimes, delivered for awhile, see Bernie Madoff) at the cost of future investors. It's a form of time-delayed theft from whoever the "Greater suckers" end up being.
Since it's
impossiblevery difficult to decide when to get out of something that you don't have any real information on (because it's all proprietary) I always advise to avoid investing in these "schemes", for both ethical and financial reasons.I'll check out your post, thank you for the link, and the reply.