Awesome, it is my first time to see a token can be pumped so high in their own exchange. Other coins can't have own exchange.
That's so true,there's advantage and disadvantages on having a coin their own exchange people might perceive that they are manipulating the thread the advantages is they will not likely to get scam if the exchange turn scam then the coin is scam
Any exchange can turn into a scam at any time. It's the risk of crypto-trading. If money gets out of BitConnect's exchange it doesn't necessarily mean it's a scam. They can come up with the "we got hacked" excuse as Bitfinex did..
Any coin can turn into a scam if the dev team is smart enough to think it. You will never have a safer coin than Bitcoin..
Bitcoin is also not safe you can lose if the price drops,coins that are in the top 10 are most likely not to scam,because they have already build their community,their projects and wide distribution and since altcoins are also decentralized any developer can take over a coin.
Totally agree with you the strongest part is "since altcoins are also decentralized any developer can take over a coin".