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Author Topic: Anyone in Bitconnect? Scam coin?  (Read 1234 times)
Mikaelxiong
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November 12, 2017, 06:35:26 PM
 #61

I took a step back and thought about it, if the price of bitcoin goes up biconnect may be able to pay back investors in dollars and not bitcoin.  Also if there are more bitcoin hard forks then all the minted alt coins from the hard fork go to biconnect.  If these hard fork coins get pumped like bitcoin cash, bitconnect may be able to pay back investors and come out on this gamble; but if these forks do not follow through like segwit it'll be a sad day for bitconnect coin owners.  Hodl your own bitcoins...

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Crypto-Freedom
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November 18, 2017, 12:53:30 PM
 #62

You are correct but it would need to be one massive gamble that it is constantly going to benefit from which is unlikely. I would say they are still going to be around for another 12 months maybe due to the fact they are pushing roadshows to feed the system. But the numbers just don't seem realistic its like most "lending" platforms unless there is a real need for this volume of $$ it would be very difficult to hit the daily profits. The false stability is coming from people constantly reinvesting in the coin and artificially inflating the system.

Don't get me wrong with Ponzi, MLM, Pyramid they are all eventually going to fail and the important bit if getting into them is to recognise they are exactly that. But investing early getting your ROI then rolling interest means you could have done well if in early or even now. The gamble is when will the house of cards fail.

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November 18, 2017, 01:50:51 PM
 #63

I think it grow much before it turns out its a scam, but not worth risking.
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