I'm invested in BitConnect and I feel it is legit. People are quick to yell ponzi because the interest payouts are so high. This is bitcoin and cryptocurrencies!!!! It is a new market, everything has been high, especially the last few months. So the returns aren't "unusually high", just high in comparison to other investments.

Your argument is that they profits are "too good to be true"? That would be true if we were talking about stocks, real-estate, etc. This is cryptocurrencies, wouldn't sound odd at all to hear a coin increasing 2000% in a few months. I really dislike it when people yell "scam / ponzi scheme / pyramid scheme" without any real proof as to why they make the claim.

First off, those are separate things. A ponzi scheme is not the same as a pyramid scheme. So make up your mind what you want to call it and do your due diligence to name it correctly if your going to push a claim. Secondly, just because something has a referral program doesn't mean its a pyramid "scheme". There are many legit businesses that implement a referral pyramid/ladder system. Thirdly, the platform works without referrals. Some main points everybody who yells scam or what-have-you miss out on is that bitcoin is VERY volatile at the moment. On any given day you can see the price of bitcoin rise and fall several hundreds of dollars so it wouldn't be hard to make an average of 1% profit on any given day.

Lastly, Even if bitconnect didn't actually have a trading bot and they just sat on bitcoin they get they still would have enough to pay back loans. (because the price of BTC has gone up significantly) They are also an exchange, so they make a profit every time somebody puts in money or takes money out.

The referral program is just icing on the cake! I have just $100 in and have made about $24 in less than a month. No referrals! Referrals just boost profits like any other business that has referrals. Even if the referral system didn't exist I still would be trying to get everybody I know involved because I see it as a great investment opportunity.

BitConnect to me is like a mutual fund for BTC. Sure you can make more if you invested directly into BTC, but you would have to do more work.

One last thing! BitConnect isn't Trevon's or Craig's platform! So why say they are scammers pushing this like it's they're own lol? They just been in the game the longest.