Let's talk about BitConnect and why it has to be a ponzi scam.
With 1% daily profit (that you keep reinvesting every day), you would become a BILLIONAIRE after 5 years with a $100 investment. You would have $7.7 billion to be exact.
After 10 years the $100 investment would have grown to.. and hold on to your hat... $592.944.857.206.943.000.
That is 592 quadrillion dollars from just a $100 investment, or around 3.000 times as much money as the approximately 200 trillion dollars we have in circulation in the world today. This is obviously not sustainable, and if you can't see that, then you deserve to get scammed.
Feel free to share this with your friends and family if they are trying to trick you into "investing" in this ponzi scam.
- Xodo