I think it will come back. Just like the Greek Banking system came back... capital restrictions on withdrawals. If they change the rules, provide an excuse, and keep people depositing more money into the system, they'll get even richer. No reason for them not to come back. They might screw over 50% of the accounts when they come back, and if half the people lose their wallets and funds for "exploiting" the system, the rest of the people will keep dumping money into a sinking ship.
I think the real issue I have with this whole thing is the pervasive stupidity I see people engaging in. I am fine with casinos existing. Saying the odds are in your favor though and people believing it is where I am baffled by the phenomena of people dumping into Bitconnect.
"I think the real issue I have with this whole thing is the pervasive stupidity I see people engaging in."
Totally agree. It is mind boggling. There are so many promising cryptos out there I don't understand how a coin like this gets oxygen. The market cap on this one is beyond belief.
The biggest issue for me is when these things go down it reflects so badly on the entire crypto space. The mainstream media will have a field day with it and it hurts ALL cryptos.
I think it will come back. Just like the Greek Banking system came back... capital restrictions on withdrawals. If they change the rules, provide an excuse, and keep people depositing more money into the system, they'll get even richer. No reason for them not to come back. They might screw over 50% of the accounts when they come back, and if half the people lose their wallets and funds for "exploiting" the system, the rest of the people will keep dumping money into a sinking ship.
I think the real issue I have with this whole thing is the pervasive stupidity I see people engaging in. I am fine with casinos existing. Saying the odds are in your favor though and people believing it is where I am baffled by the phenomena of people dumping into Bitconnect.
"I think the real issue I have with this whole thing is the pervasive stupidity I see people engaging in."
Totally agree. It is mind boggling. There are so many promising cryptos out there I don't understand how a coin like this gets oxygen. The market cap on this one is beyond belief.
The biggest issue for me is when these things go down it reflects so badly on the entire crypto space. The mainstream media will have a field day with it and it hurts ALL cryptos.
Yes you saw it and called it out a while back. Great job!
I'm sure that is what every bitconnect "investor" is telling themselves right now.