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RE: My reflection on bitconnect's closing lending platform
It was a ponzi scheme, i.e. a scam. The smart course of action is to sell, immediately, before the coins are worth 0.
It was a ponzi scheme, i.e. a scam. The smart course of action is to sell, immediately, before the coins are worth 0.
If that was my attitude then I would have sold it yesterday when it was priced at around half price right now. That wouldn't be really smart right? Anyway thanks for your input maybe you sold all yours already? If it goes to zero then sorry for me hahah.
I was never involved with it because it had scam written all over it from the beginning! The maths never adds up with Ponzi schemes; that's how you can tell they are scams. BTW Ponzi schemes are illegal and the guys who started it may one day find themselves in gaol.
Yeah I've read a lot about the math that does not add up. Oh I don't know maybe it is maybe it isn't a ponzi scheme. As I have said i am no expert. Still learning. If proven wrong then so be it I get scammed. Lesson learned and move on :) Yeah in most parts of the world Ponzi is illegal i know that for a fact and there are a lot of them around just look at behind mlm site. love that site by the way. I think some investors will try to sue them and prove in court that indeed they are ponzi. I think they call it due process (heard it in some movie haha) But hey I appreciate engaging me in this little discussion I know you really passionate about what you believe in and I am as well. At least we agree to disagree haha