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RE: $5,000 Investment Plan Into Bitconnect, Will It Work?
I think it will eventually close and exit scam...but i hope all the best for the investors..when things are too good to be true i just can not trust them..guaranteed rich doesn't sit well with me..would need to be in it early and exiting with your interest daily
There is no "guaranteed rich". This is based on a variable interest rate + fixed rate. The fixed rate is something they add to incentivize larger funds. That will eventually be removed and only the variable interest will remain.
Guaranteed means no loses whatsoever, and they never produced a single loss. They could be sustainable because bitcoin price was going up, wait when bitcoin goes down then you'll see. Variable interest my ass, they never made any money, just using new investor money to pay old one, just like any other pyramid scheme. When new money stops, the pyramid scheme will collapse.