This is another way of scamming by bitconnect and to be honest when it first come with the plan there were some indications of the likely of a "scam" or "ponzy" scheme.

Let's have a look at those points :-

(1) Hefty interest rate on monthly basis ( to the extent of 40% per month) with capital guarantee.

Note - These kind of offer is usually too good to be true and a person should make proper analysis and not to fall prey to the scheme like this.

(2) They take the bitcoins from the user and in return give BCC, so the point is that they take one's valuable bitcoin and create their shitcoin BCC and every time a user buy BCC, price increases. So they artificially inflated the price of BCC.

(3) Their referral program is just like a pyramid scheme and the person sitting at the top of the pyramid and will wait to gather sufficient money and then manipulate and run away.

(4) They inflated the price artificially and when no new users come to join then start selling their shit coin which BCC, so BCC start falling and at a time, when even after this, it becomes out of reach to manage, they make a bloodbath to this coin by declaring that the exit payment would be through BCC not BTC. This is really height of scam.

When a person made the entry through BTC and the user buy their BCC from them only and then when they wish to make an exit they are saying that BCC will be the mode of payment. This is really deliberate plot of scamming people and I am feeling really sorry for those people who have got scammed by Bitconnect.

Thank you Hive account@swissclive for surfacing this article, people should be aware of such type of scams and not to fall prey to them.

Thank you and Have a great day.