screenshot taken from coinmarketcap.com
Hello guys!
If you had invested on Bitconnect, I guess you gotta take your money out now before the coin blows-up. Most likely it will disappear in an hour or a couple of hours or a day or a couple of days or if its strong enough maybe a week or so. I guess you can check it yourself and investigate what's going on especially when you invested a lot on Bitconnect. In my opinion, those coins/tokens with affiliate programs attached to them would most likely end up in struggle and in the long run will fade away slowly by slowly.
All the top 25 coins/tokens on Coinmarketcap.com (currently as I'm writing this post) have no affiliate programs attached to those coins. The top 26 is Binance with affiliate program attached to it as we all know. If Binance won't stop its affiliate program, it will not survive in the long haul in my opinion. Why? Its because many affiliates would take advantage of this program especially those experts in affiliate marketing. They would advertise like crazy even to the point of creating some fancy ads (sometimes over descriptive even to the point of not related to the company they're promoting) of any sort to get huge signups. How much more if the affiliate program has also an MLM attached to it, it will be much worse.
Have I talked long guys? Much more to come!
As always,
STEEM rise!
😂😂
The affiliate program is good for growth but can't be at unrealistic rates. Most companies have some sort of budget cap for their advertising draws. Bitconnect was really bad beyond their marketing, their product was unsound. Who can guarantee daily profits unchecked by anything... Thankfully I have a fear of mlm style advertising and didn't get in
I'd joined several variety of MLM companies. The style of Bitconnect pretty much similar to most of those I joined maybe not all of its aspects. Most MLM are good at the start. In the long haul, it slows down. Some and maybe many failed and created another same concept. But there were those MLM companies that were successful, a few of them I guess, but the momentum I guess had slowed down. This is my observation and personal insights..Steemit has no affiliate program but its pretty much impressive in the overall style of its concept. Huge users, Alexa rank very good. Maybe because its decentralized unlike giant companies that are centralized sharing all profits to the shareholders.
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