RE: BitConnect a Pyramid Scheme? Threatened With Closure
You all should do more research on these topics instead of blindly listening to people just because you think they have reputation. It's a ponzi just because it pays 1% a day? Where is the logic in that. Also, nearly every economic and financial institute and commercial business is a "ponzi" or "pyramid". Please do your research, instead of fear mongering.
15 minutes on youtube and you can find plenty of videos providing proof that British authorities will not be taking over and shutting down bitconnect. I bet the author of this post is buying as many Bitconnect coins as he can as the price is currently being manipulated and held down with large volume buy orders at low bids. Meanwhile a bunch of fraudulent articles like this keep popping up to help create fear.
Feel free to follow me and check out my channel, Myself and others are posting INFORMATION, and letting the people decide for themselves. You can see evidence of the price being manipulated in my latest video.
Yeah I remember seeing something being posted a couple weeks ago where they were talking about this exact same thing. The only problem was it was information that was just coming to light over some documents that were filed months ago. I saw a number of youtubers talking about this. Like I mentioned below, Bitconnect doesn't say anywhere you're going to get 1% a day. Heck there are days you don't get anything. Everything they do is based on the value of Bitcoin and since it is just going up in value, people are making more money.