RE: BitConnect Was Not A Ponzi Scam

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BitConnect Was Not A Ponzi Scam

in bitconnect •  7 years ago 

I gave multiple reasons as to why this was not a ponzi scheme. i do not believe the company ran based on new investors paying old investors. I explained that their control of their coin was one way they made really good profit. Also, the crazy increase of Bitcoin given to the platform for the exchange of a fiat payout gave the company a drastic profit of massive proportion from the time of their opening. These two features alone would have generated the company BILLIONS of dollars.

Lastly, I covered the possibility of a trading bot and how I know individuals that personally use them to make really good returns on the crypto market. Cryptocurrency as a whole is extremely volatile and if you had decent programmers at the helm, then I do not see any reason they could not make decent profits utilizing one.

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