Bitconnect Is a Scam Surprise, Surprise

(They advertise on their scam search lol)

I see a lot of people on Steemit have "invested" in Bitconnect, even some crypto celebrities are promoting Bitconncect and that really makes me mad.

I remember when I was a teenager I would fall for these scams, but to see grown up people participate in this...

"But Bitconnect paid me, it can't be a scam."

Then show me their magic trading robot. Hmm, where is it? Nobody has heard anything about it.

Your 5th-grade son who can already multiply, if he isn't sleeping at class can calculate for you that 1% a day or 360% a year or almost quadrupling your money in a year is impossible just like dividing by zero and this can't last.

Let's see for ourselves. A little mind workout.

We trade $10 000 worth of Bitcoin to Bitconncect coins, yeah we are not playing around with pennies. To make it easier for us let's just take a modest 300% a year return.

Year one: $30 000
#2 $90 000
#3 $270 000
#4 $810 000

And BAM! by year 5 you are a freaking millionaire. Along side the people who believed in you and got in, they are also millionaires and when your wife asks you where the money came in you say:

• There's this robot that makes 1% a day which made us millionaires.
• What robot? What are you talking about? Did you pay taxes on this? Are you dealing drugs?

Okay, just joking this will never happen because they will disappear soon before year 5, saving you from this awkward situation.

So, where is the genius of this scam?

Firstly, you have to lock in your money to get paid, this keeps the BCC token price high because everyone is holding their tokens to get their magic returns.

Secondly, the owners have so much BCC tokens at hand that they can use to pay you and even if the price of the token dropped 10 times they could still pay people out, because they control everything and you could get a billion BCC tokens all worth $0.0000000000000069 and that would pay your 1% for the day. This article analyzed this much better than I could: https://medium.com/@anesthesteve/bitconnect-explained-c68dd2daef2f

Lastly, they own the exchange between BTC to BCC. So, if too many people start withdrawing their money when they become millionaires they can just put a withdrawal limit of $1 and in one million days you will get your money out of the god damn place.

Investing in cryptocurrencies is risky, but investing in a cryptocurrency scam now this is just bonkers.

BCC is not even staying under the radar. It has a market cap of $500 million and is 15th biggest cryptocurrency.

So, if you get over $10 billion like Ethereum and all the press starts talking about it, then I guess BCC has only 10 spots to climb until it goes mainstream and government regulators start looking for that bot.

There's no bot you say? Well, let's seize this blockchain!