@crypto-investor, many investors had no idea it was a scam or didn't want to see the red flags. It's the major promoters of this scam that let character and reputation fall to the wayside by promoting the scam. Sad so many people will get hurt while a few laugh all the way to the bank.
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Well, from the wording of the statement, it seems that the withdrawals could be due to a bug in their software. A similar thing happened to Ripple customers at CoinPayments a few months back, where hackers were able to withdraw more XRP from certain accounts than what was held on balance.
That may be true but it doesn't take away that the guarantee it gives on returns is what makes it scammy. Madoff ran his Ponzi for 15 years to the tune of billions and tricked some of the smartest people in the world, yet it was because the compounding interest he provided, kept more coming. I'm sure Bitconnect will be back. I just believe there will be a day of reckoning. For everyone's sake, I hope I'm wrong.
Ohh, I fully agree. There's no way in hell you can sustain those type of returns for any length of time.
It all depends on how volatile BTC will be...the BTC volatility has been and will be decreasing over time and as a result the rate of interest of BCC will be decreasing too.
check my post on btc volatility and bcc rate of interest:
https://steemit.com/cryptocurrency/@ka82/bitconnect-investment