Bitconnect Website offline
If you have followed me for awhile you know my feelings on Bitconnect. Basically it's a site that promises unsustainably high ROI. They also lock in funds for 300 days and run a MLM scheme to get new users(money) into the system. It thrives on people's greed by promising easy money. Did I mention the owners aren't known and that it's run in Thailand conveniently out of US jurisdictional law? All signs point to a ponzi and most of it's investors know it.
Then this happened tonight:
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They recently held a conference I think, where they paid expenses for high level investors who attended. They also implemented new security questions last week. I don't see why they would do this if they were going to fold the next week. Unless something external forced their hand?
Good point..but still has to be a scam long term
I don't know longer term. It seems a bit early to dump that's all. I'm not sure about the extra votes. Not my accounts. Maybe something to do with the minnow support project I joined a while back.
I tell anyone interested on BCC to use money they can totally afford to lose. Never borrow or take funds you can't afford to lose all to invest on BCC... that's my take on it.
Lol
I thought you said BCC is dead?