As long as Bitcoin continues to go up, Bitconnect will be around for a very long time. Even if it is a ponzi with no trading bots, the returns are significantly less than Bitcoin's, so as long as BTC doesn't have a long drought after a dip, they can pay back minimal profits to BCC holders, while keeping the difference for themselves.
I've had a small stake in Bitconnect for a while now and have received profits since the start, I'll let you know if I get it all back when it's time to be released, I may re-invest, but only as long as their growth curve is upward, when it starts to flatten, that's when we'll all find out if it really is a ponzi, or if they did employ some magical trading bot all along.
I agree that if Bitcoin continues to go up Shitconnect can survive. I think the one of the biggest worries is that the creators start getting worried that what they created has gotten to big and will catch too much attention so they decide to pull the plug before it ends up top 3 on CoinMarketCap. The bigger it gets the harder it will become to run because more and more eyes are on it when it fails.
I don't fault you for taking a position in Bitconnect. I have seen other people say they saw the uptrend and bought BCC just for capital appreciation but evidently didn't participate in the loaning of any of it.
It will be interesting to see how it plays out.
Same thing now happening with Regalcoin, trying to copy Bitconnect, it's was up to over $80 from 30 something a week or two ago. Their market cap is not listed, and there's not too much info about the company online besides their lending platform page, so a bit too sketchy if you ask me. Now there's BitPetite too, but as far as I know all HYIP and no token, logic or reason behind that one.
Bitconnect probably has a good year or two left before they hit a wall and expansion stalls, so unless they overextend themselves expense wise before then, it should still be safe for a little while yet.
I rode that Ambis HYIP scam a while back, doubled my BTC and pulled out before it went bottoms up, but that one was so obvious.
Sh*tconnect works for now, just checked and it's still paying out. Only have a handful of pesos in the game so nothing to lose sleep over.
But, if you're willing to bet Bitconnect will still be around for at least the next year or two, well...
I have just the perfect link for you...
https://bitconnect.co/?ref=daveparkinson
Or a bridge in Brooklyn, only time will tell.
(I am not an investment advisor, just a snake oil salesman)
Hahha, That is hilarious.
Yeah I'm seeing tons of stuff poping up on CoinMarketCap advertising like Laser Online and Bitpetite. I feel like if a person is going to gamble on all these they should diversify into a bunch of them and play it like entertainment with money they would gamble with or something.
In early, and out before you lose your shirt.
Get 3 out of 5 on average and your doing okay 👍
Yeah get in early because bitconnect is here only for a year so far (and you could have your money back 2 times by then with good ROI), laser.online only for 4 months (and you could have your money back 8times with 44% ROI)
Yes there are stupid HYIPs like aurora bitpetite but you are stupid to put them all in one bag...
That’s the thing, you could not have doubled your bitcoin in the platform, you would have struggled to break even because everything is done in USD. You would have made much more money but I g and holding btc over the same time frame.