Is BitConnect a Blessing or scam ?

in crypto •  7 years ago 

What are your thoughts on BitConnect ?
BitConnect had been running successfully for more than a year now, it has turned many people's fate,from rags to riches. It is optimal to invest in BitConnect ?

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Certainly it is in top 20 coins in coin market cap with a market cap of 2.72 billion. The price has hiked dramatically to $441.
People have doubts on the BitConnect's technology (the trading bot) but it has certainly made a fortune for several people.
What are your thoughts on BitConnect ?
Feedback/ suggestions will be highly appreciated

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I get $1500 worth of bitcoin from bitconnect daily that I use to buy other cryptocurrencies. I have zero referrals. Not too shabby. Works even better during the December crash. The higher the volatility the higher the returns.

Bunch of people that don't understand how it works only want to claim it is a Ponzi scheme. I am an engineer and can prove mathematically that it is not a Ponzi scheme..... When I do, everyone puts their fingers in their ears and goes "La La La" I'm about to give up trying.

Latest hot news is the cease and desist order from Texas written with no particular address. (by the way, bitconnect is based in England). Check out this post about what the government is attempting to do. https://steemit.com/bitcoin/@socky/texas-state-securities-cease-and-desist-order-against-bitconnect-is-an-effort-to-limit-access-to-only-the-elite

Bitconnect is a great coin to invest in if you have been in for the last 6 months. other than that it is a very risky coin to jump into now as it is obviously a Ponzi scheme.