Intro
Bitconnect finally got exposed for the scam it is. Unfortunately people did loose a lot of money, the creators got away safety (the identity was unknown) and more regulation will be put into place for cyrptocurrency but atleast the promoters (people Trevon James) will be in trouble and hopefully people learnt their lesson about putting money in assets that promised guaranteed huge returns.
Lending programs
Hopefully all other lending programs like Dovor Coin, BitReserve, etc fail as people find out that reward like 40% profit a month is unreasonable. If it feels to good to be true then it properly is.
What to buy instead
You should instead buy bonds, stocks or real estate as passive flowing income. Here is a link to company's that pay the highest dividend. Also please do research when you invest. You don't want to end up like this guy. Also treat your investment as if you lost that money. Pretend the money was stolen and if it goes up when you sell it, then treat it like the thief gave the money back. Do not count it as a gain until you sell it.
Conclusion
In conclusion bitconnect scandal is over and i hope other lending programs will collapse with it. People have learnt their lesson. Also we got some pretty good memes from it.
Is that Pewdipieeeeeeeeeeeeeeeeee
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hell yeah.
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