Bitconnect an Steemit are having the same problem.
I already once explained the big problem of steemit here:
https://steemit.com/steemit/@mathsinnature/the-problem-of-the-steem-price
I invested 0.1 Bitcoin into Bitconnect and lent the money to someone. Today I logged in again and saw that i gained almost 6.7 percent of the invested money. But there was one big problem: the total amount of BCC (Bitconnect coins) had less value than 0.1 Bitcoin.
The well known cryptocurrencies are exploding so fast at the moment that even the rising Steem could not keep up. To invest time and money into Steemit is a good investion anyway, but it is easier to gain money with doing nothing than with steeming.
This phenomenon is a big problem.
If there is anyone who does believe that the Bitcoin will fall soon, he can of course invest a "small amount" of his Bitcoins into the Bitconnect plattform making some nice profit there. But probably nothing can keep up to the speculation gains.
Please share this post and maybe we also get some speculation freaks into steemit to make interesting posts well paid!
