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RE: BitConnect investigation UPDATE - Tumbling down the rabbit hole

in #bitconnect7 years ago

Ponzi comes to mind. You give just enough to keep them roped in and give good returns early so people give bigger amounts to allow for future payments. As long as people reinvest no problem, issue arises once people want to pull out.

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People pull out money of the system daily. No problems with the system.

People pulling money out isn't an issue as long as there is new money coming in and crypto is on the rise. The issue will be if the Crypto market tanks or a couple of the largest investors pull everything without money replacing it.

That would be a problem IF THIS IS A SCAM. Nobody can say for sure one way or another right now, but to me it feels like many scams of old.