Let's ask a few questions about bitconnect....
- Why don't they publicly address the common accusation that they are a scam?
- By going on social media to address claims, they are leaving IP addresses and footprints to be traced by the FBI (or equivalent)
- Why don't individuals within the company publicly identify themselves (CEO, etc)
- They need to disappear without a trace to prevent litigation
- Why don't they provide some evidence of an actual trading bot. Not how it works necessarily, but who developed it, how long it's been running, which markets it covers?
- Because there isn't one. The trading bot "trades" person 2's money as payments to person 1
And that's ignoring the obvious ponzi, MLM signs.
My prediction is that the site will close and disappear without a trace at or around October 19th. So make your money before then. That is the date that the first set of longterm investors will be getting their principle back.
RE: Bitconnect - SCAM or NOT? I will try a 100€ invest and share the experience here!