BitConnect just celebrated the 1 year anniversary of their ICO a couple weeks ago with quite the extravaganza streamed live on YouTube and gave away millions of dollars in cash and cars to their top promotors worldwide. Not necessarily something I would personally do if I was going to fold up shop in 4 months.
HitBTC just listed the coin on their exhange. Not necessarily something that would happen if they were going to fold up shop in 4 months.
They're rolling out their BCCPay Mastercard December 1st which will allow those who own BCC to load the card and spend fiat dollars in their respective countries. Not necessarily something they would bother with if they were going to fold up shop in 4 months....
They have announced an "Amazon-esque" marketplace website rolling out which will allow you to purchase goods and services with BCC, similar to Amazon. Not necessarily somehing that would happen if....... You get the point....
EthConnect ICO crashed servers and sold out in minutes, and I can't come up with a LOGICAL reason they would roll out another "ponzi scheme" if BitConnect wasn't profitable and sustainable, and perfectly legal for that matter.
CryptoCurrency represents less than 1/10th of 1% of worldwide monetary market cap and daily moneteary transactions. BitConnect is less than 1/10th of 1% of the overall CryptoCurrency market cap. Can you say the ground floor of the ground floor?
BitConnect is a worldwide platform which is decentralized so it cannot be shut down by any single government entity and is going bonkers in greater Asia as well as India (which I know is also technically in Asia, for you nitpickers). Those of us in the U.S. will benefit greatly from the interest and activity from the rest of the world.
Not a SINGLE PERSON has not been paid as promised to this day, regardless of whether they are earning $10/day or $100,000/day, which some are. Otherwise, it would be ALL OVER Youtube. The only negative videos you see on Youtube regarding Bitconnect are from people who AREN'T IN BITCONNECT.
They hold over 6Million BCC's worth over $1.7Billion, which represents approximately 75% of the mined coins in circulation, not counting the Bitcoin that was traded for those BCC's. So they not only hold the BCC, they hold the Bitcoin and enjoy the ungodly appreciation both coins offer, and will continue to offer despite the dips and corrections along the way.
The only reason their market cap dropped recently is because it was decided they could not count the loaned coins in thier circulating supply. Therefore instead of 8.something million in circulation, it is now 2.something million.
They generate ridiculous revenue from their own internal exhange, whereby they charge a nominal fee to convert your BTC to BCC, and vice versa, as well as sending and receiving BTC from the platform itself.
They'll begin earning 1.5% of every dollar spent on their BCCPay platform beginning 12/01.
Oh yeah, and that trading bot..... Even if it exists, which it doesn't even need to for this business model to be sustainable for quite some time, if not in perpetuity, they only pay out a reported 20-25% of their daily profit from the wonderfully volatile Bitcoin market.:)
IF, and I mean IF Bitconnect is a scam, ponzi, etc., it will set the Cryptocurrency movement back at least 5 years when and if it crashes and burns. Like someone mentioned in a previous post, it would be Enron-esque. I can't imagine a scenario where anyone would do that. We're talking PRISON. At the very least, they will morph their payouts over time, and perhaps even discontinue their lending platform with an e-mail indicating as much and informing members they can no longer make any new investments and that their current investments will be paid out over the next 120-299 days, depending on the size of their original investment. They won't just pull the website one day.
https://bitconnect.co/?ref=wrc971 use link to join bitconnect.co