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RE: "Do Not Invest in BitConnect, it is a Ponzi Scam!" – RESPONSE
It is an unregulated exchange but no more of a Ponzi Scheme than any other crypto. I think a lot of the heat it gets is fueled by government interests but that would be a conspiracy theory. Bitconnect is paying, and no user of it complains, so it is profitable.
It is CERTAINLY more of a Ponzi scheme than any other crypto.
PONZI scheme means a fraudulent mechanism where specific returns are promised, but in fact that those returns to the first ones in are being paid by the fees of the last ones in, until it collapses on itself as the inflow of new investors dries up
This is exactly what Bitconnect does.
Please give the name of any other cryptocurrency that is promising specific returns in specific timeframes?
I've personally submitted a Bitconnect loan and got paid. How many Bitconnect loans have you tried? If you have never used Bitconnect and never even browsed the website then who are you to tell us what it is or isn't? You are in a competing Ponzi Scheme. If you are afraid of risks and of Ponzi Schemes I suggest you keep your money in your bank account where the government can protect you from these risks (and opportunities). People afraid to take risks don't deserve opportunities and so they don't get them.
Do you expect to get rich without taking an equivalent amount of risk? Finally
BITCONNECT DOES NOT PROMISE DAILY INTEREST RATES AND ON THE SITE IT SAYS THE RATES ARE VARIABLE RATES! STOP SPREADING DISINFORMATION AND QUOTE THE WEBSITE.
No one has ever showed me a quote from Bitconnect with the word promise or guarantee on ROI.
How is bitconnect doing now?