Herbalife is also a ponzi that has done very well. Just because it's a ponzi, doesn't mean it will fail. The issue I have with it, is that it's a ponzi and therefore a scam. Also, it's illegal, and because of this, has been dressed up to misrepresent "investing".
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If you understood how the markets and exchanges worked you would come to the possible conclusion that bitconnect not only has a volatility trader it also probably provides liquidity to exchanges such as coinbase at a price.