Be more careful than careful when you read that you get 1 % return on investment per DAY. It's not sustainable in any form or shape, however you turn this argument. It just isn't. Get your money out quicker than quick. It will fall like a house of cards once no new "investors" are found. A word of warning to anyone considering investing in bitconnect.
I feel obliged to point this out. Even cointelegraph that had an ad up on bitconnect has removed it.
Way to go cointelegraph.com!
But the coin itself is doing very well... BTW, I was in a 3.5% per day, and it was a good, honest opportunity, but... they gave that much only at the very beginning of the project and then they reduced to much less ;-)
I am not in BitConnect, but I know many people who are. Some of them are making serious money and are already in the withdrawing mode. They started early though, and with such an opportunity, the later you join - the higher the risks, or... like with Chronium and many others out there, you join early and... there is no website :-)
Exactly. My simple theory with BitConnect is that even IF it is a scam, it's a scam that seems to be working well for them for now. I'm guessing they'll keep it running for as long as possible (I would estimate another 2 years(. And especially now that Bitcoin seems to start going mainstream, this is the time for them to start earning the big bucks...
Yes I'm well aware of the risks, thanks for the heads up. But like I said, I have considered my initial investment as a loss before anything else. So far the investment seems to work out, but indeed like you said, it could all come crashing down at any point. In case it doesn't, well I'd be happy to reap the benefits for as long as it lasts..