Most people fall for these type of scams partly because of ignorance and greed, but also because of desperation.

With the economy in the USA & Europe limping along - not to mention out of control housing costs - what do you expect?

Everyone is frantically trying to make ends meet, and when income and job insecurity is at an all-time high, people get desperate and fall for these schemes.

One part of me wants to chastise every participant of Bitconnect for their gullibility, but another part of me has compassion for these hurting souls.