It has everything to do with the banking system. Do you know how the federal reserve works? Do you know how when you lend your money to the bank that it's actually not your money anymore and they use it to invest or do whatever they want? You are basically giving all your money to banks legally and getting what in return? You get fees!
Why are you okay with people paying a monthly maintenance fee of $10 to the bank?
http://www.bankrate.com/banking/why-you-are-charged-hefty-bank-fees/
None of this is made up. If you were poor enough you would understand how horrible the bank fees are. Yet you trust the bank to keep your money?
So what about those bail ins?
https://www.investopedia.com/terms/b/bailin.asp
If you don't want to risk losing your money, just keep in fiat and stay out of crypto. Keep it in a bank where it's safe.
This is such another subject. I am very invested in crypto just not obvious Ponzi Schemes.
I work in finance and I understand VERY WELL how the Banking system and FED works.
So you finally admit it! You work in finance! You are a banker LOL!
So now your agenda is perfectly clear, I can end this debate.
I work in finance, I am not rich and I am super excited about cryptos. Just not Bitconnect.
I own ETH, LTC, XRP, EOS, SC, GLM, REP...
Just not your Ponzi Scheme.
You will likely never get rich and I have nothing against you personally. You work in finance though so you don't actually earn most or all of your income in crypto. Craig Grant and some of these others are more invested in crypto and more dedicated to it.
So of course you'll have the reasons to say what you say when you are paid by a competitor. There is a conflict of interest and I really think you should disclose on all future posts on this topic that you work in finance so people know.
Lol, I have a conflict of interest when this guy invested ALL HIS MONEY in Bitconnect?
I have none, I don't care about the future collapse (except it will splash on all other cryptos), I just want people to be aware that if they go for bitconnect, they are going into a ponzi!
Less than 10% of my crypto holding went to Bitconnect. I know about diversification. Craig Grant probably earns more in an hour than we do in a week.
Little off topic here.
https://sonm.io/ could become a Golem-killer. It's on Binance. I've sold my position for the time being. But I still believe in it. Also keep an eye on BAT and watch out for name calling commies!