Bitconnect has captured a lot of hype these days.

**Many people warned me of investing in Bitconnect. Internet had both positive and negative views on it.** I had some spare money so I invested **$110** in Bitconnect. And after Four days I've earned $4.96 on a $110 loan which comes out to be a pretty good amount! !https://steemitimages.com/DQmWphhDPR2SLyzSS2MYkUVuvWjArc3o8GneHGgehK287iT/Capture.PNG **A lot what is said about Bitconnect is that it could be a Ponzi scheme.** Ya, It is a fair concern. **But** Bitconnect Coin is a decentralized block change coin. The whole point is that transactions are **observable**. Note above that my original loan has an ID, then my payments are labeled as **Interest Paid**. _Ponzi's in the past have been centralized with hidden transactions._ Ponzi's had their transactions hidden and mostly had only a few investors. **But**, today, The Bitconnect community has over 2,00,000 people connected to its block chain.

Concern about the MLM referrals

A lot of the arugement I've seen about Bitconnect is their pyramid structure of the referrals. I agree here, But whats wrong if a website pays us for bringing more people to its community? We all know that referrals help websites. Amazon uses referral, Ebay uses them. **But to get into Bitconnect community you are NOT required to sign-up under someone**, and **you're NOT required to sign anyone else up in order to get paid**, The interest we get is on the basis of what we have invested. So the pyramid arguement stops **here**. So, unlike the other pyramid schemes , Bitconnect pays us even if we dont bring it any referrals. **Now arises the Million-Dollar Question**

IS BITCONNECT A SCAM?

I'm still not sure. But I have been getting daily payments since I've started, and also I've turned some of those **payments into Bitcoin** which makes it a good reason for me to lend money to Bitconnect again. Bitconnect is currently on number 8 on the coin market cap chart, and Steem is on 26th. Also there are some blogs on the Internet which claim that Steemit is a scam. Hahaha. **Another Question** **Could Bitconnect Fail?** Maybe Yes. So could Bitcoin and Steemit. Now if you want try out Bitconnect yourselves , [Click Here](https://bitconnect.co/?ref=bitcoindukaan). Or, Use the Referral id : bitcoindukaan . I'd love to read your views on this topic. Also this is my first post so let me know how I can improve. Thanks.