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RE: BITCONNECT - THOUGHTS?

in #crypto7 years ago

I have not invested in this but in my opinion it looks like a ponzi scheme. Like most of the ponzi schemes, only early member will reap the benefits and that too on the cost of other's losses.
But please keep in mind that this is just my opinion and I'm not an expert.I may be wrong too.
Always invest after you own reasearch and invest only that much amount which you are fine with losing.
Best of luck.

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yeah of course! makes sense !only your opinions matter! but how long do ponzi schemes last?

How long will they last? That totally depends on their tricks, their marketing and people awareness.
Although I think they will last a little longer than other ponzi schemes because:

  1. they are cleverly making users feel that they are investing in 'bitconnect' coin, which is not the case.
  2. they are offering low ROI as compared to many other ponzi schemes.
    If your motto is to grab some profit, you can try with small amount. If you are lucky enough to reap good profits before the company run away, good for you.But this may be hard, as there are a lot of negative reviews for this program on google, and people will obviously do research before investing in these kind of schemes. :P
    In my opinion, it would be better to mine that coin instead of investing in such ponzi scheme. ;)