So now that Bitconnect has made the top 10 marketcaps and is still functioning and paying out nearly 1% per day rate of return is it still considered a scam?
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How long will it officially have to run and pay to NOT be considered a scam? is there a time limit?
Unfortunately I have been around this game long enough to remember when solid projects BECOME scams....in my opinion THOSE are even worse because they give 0 indication of the fact they are going to STEAL your $$, remember cryptsy or mintpal anyone?
Maybe crypto is ushering in a new paradigm where 1% interest rate will be the new normal...without banksters stealing it all for themselves.
We all know Forex trading bots exist and make people millions of dollars...is it so far fetched to believe one exists and actualy PERFORMS for Bitcoin?
Now, Bitconnect may certainly be VERY HIGH RISK but until they actually make off like a thief in the night I am going to hesitate from calling them a scam and take advantage of it with as much capital as I am willing to risk.
After all, I am posting this on a social network where people are encouraged to hold a LARGE portion of value in order to stand out with 0 accountability and/or support to help in the event of total catastrophic loss.
That certainly sounds like it could be a scam in the making as well.
So in my opinion, things are not necessarily always scams.....until they are. Welcome to crypto.