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RE: BitConnect Ponzi Dumps 75% High To Low On "Website Hack" - Touches $38 - I Told You To Get Out
It's a ponzi scheme in conjunction with a pyramid scheme. Proponents will tell you otherwise, however it's the truth. Their financial model is unsustainable and collapse on itself once money stops flowing in.
I agree completely.
The problem is, they ask for proof...and rightly so. That's logical.
However, the proof is already in their faces. The gains, strategy, and red flags are the only "proof" you will ever get until the collapse.
You can only "prove" a ponzi scheme in retrospect once it collapses.