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RE: BITCONNECT - THOUGHTS?

in #crypto7 years ago

It's not just a cryptocurrency.

Cryptos are transparent, BitConnect is not.

BitConnect does 95%+ of its volume on an internal exchange. It's only otherwise on small exchanges. Thus the volume is likely fake.

It is also an MLM which they admit on their site. This is the same kind of scam as Amway. I suggest you research MLM's and pyramid schemes and find out why the are scams.

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ive been doing so much research but like i said views are conflicting!! there is no evidence to say it is a scam!

It sounds like you've been asking what people think rather than looking at how it works. The evidence is the structure of the system itself. MLM's are fundamentally unsustainable and exploit participants.