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RE: The BitConnect scam exposed
They [scams] all 'work' initially, sometimes up to a year, before the originator backs out with all your coins/cash. Ponzi works by paying you the 'interest' from new user 'investments'. They want to make it seem legit so this carries on for several months before the withdraws stop processing and support no longer answers tickets, then it goes offline.
i guess they must be gone already then because they are way past a year in business.
They seem to still be doing well, I am about to try it at the end of January, lets see.
Luckily you decided to wait long enough that it all ended and you saved yourself some loses and some frustration ;-) But remember, you were lucky, since you decided to ignore red flags other were warning about. Don't always count on the luck though
Will they run with their own Bcc coins?? You can only buy bcc from other traders and stake, lent and mine bcc. They dont receive btc from buyers. They pay out in their own Bcc coins. You sell them to other investors.