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RE: BitConnect - Scam or Legit?

in #cryptocurrency7 years ago

I DONT THINK IS A SCAM!

Think about it like this....how many POS coins exists on the market? when you make a masternode you get coins in reward right? you can sell those coins or you can save them to reinvest them in a new masternode right?
the diffrent with Bitconnect is that they exchange the bitconnect coins from you into dollars and reward you with dollars.
WHERE DO THE MONEY FOR THE INTEREST THEY PAY YOU COME FROM ?

Mabe they put them in their own masternode somehow, or something, minting them...I don't know.
SECOND
First you give them BTC to get bitconnect.
After that you give then BCC to get dollars. lets say you exchange 120 BCC for a 1000 dollars.
Now they have both you BTC and BCC right?
If they are HODL-ing all those BCC and not sell them the price will go up right?
And mabe they are smart enough to keep the BTC too. Have you guys thought about that?

In the end is just a sort of POS minting. If its not, well then why shouldn't all the POS coins be a SCAM???

I am not saying its a scam or not.
Bitconnect is doing very well so far.

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I think the key point of what makes BitConnect suspicious is that neither you nor I or anybody else actually know how BitConnect works. They seem to be keeping it a secret and if they don't have anything to hide why not just announce and prove to everybody how it works. If they proved there was a real trading bot making all this profit the value of BitConnect would sky rocket

But think of it like this...if they reveal the secretion a couple of months we will se more coins on the market with the same system of making money. Why would they want that happened??
Every coin have a secret to make the coin worth to invest in...

Well yeh I suppose that's one thing I didn't think of. Time will tell! Either way it's going to be interesting...

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