RE: IS BITCONNECT A SCAM?

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IS BITCONNECT A SCAM?

in bitconnect •  7 years ago 

It's not a direct Ponsi like most people think where it needs new people entering to keep paying out. What it needs is BTC to continue it's exponential growth. Once BTC stabilizes it will collapse. Check out my post on the math of how they are giving you way less BTC than you give them: https://steemit.com/bitcoin/@jnorthwest/bitconnect-explained-how-they-take-your-btc-and-give-you-less

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That's to say it's not a sure investment then?

That's what am baffled about ...the number of people been deceived into it. They would eventually loose. It's just true good to be true process.

Are you saying that they would phase out soon like every other ponzi network? I've been a victim of bitcoin network scam severally.

Sure they will.. direct or not direct Ponzi. They always rob Peter to pay Paul.