Bitconnect was risky, no question. I should have done more research before suggesting it to some people. I regret that to a certain extent. I was pretty sure that it was a ponzi type setup, but it also was the only crypto project that issued a dividend style, daily payout, while encouraging people to spread blockchainy ideas with a referral system. In hindsight, I was naive to think that they had a volatility trading bot which could make lenders money when the market goes up or down, without asking some serious question.
The other side of the coin, the fact that crypto is so wild west is also what interests many. If everyone has to be registered, every investor scrutinized on their credentials, then what is the point of decentralization and the creation of this new asset class?
Thanks for sharing, cheers!
RE: Trade at YOUR OWN RISK, Bitconnect, and RED FLAGS