- "The Guaranteed Return" is too good to be true
First and most convincing argument.
I just calculated that if you invest 10 000$ and reinvest every penny you get from your BitConnect income, with a 0.5% daily interest you would have 10 405 071 in 2 years.
This is unrealistic and I do not think anyone would believe this is a "guaranteed return".
As we say in finance, there is no free lunch. I only wish there was...
Is this a little too good to be true? Can we all be millionaires that easily? What's the catch? Can Bitconnect service just disappear over night? Where can we trade our bitconnect tokens then when the volume on other little shady exchanges are minimal? Who would buy my tokens then for actual bitcoin?
To end in high note, see what Bitconnect meeting looks like:
Then compare it to scam called onecoin:
See the similarities?
LOL
Yep, it's nuts but people fall for this when they're chasing them dollars and not doing their own research.