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RE: 🚀 What cryptos do YOU own? –November, 7th 🚀
Thank you for your insight on Bitconnect.
I was wondering about that one myself...it seems like one to avoid completely.
Glad my gut was correct on that one.
Someone did the math recently and found that the BCC payouts are 100% based on the token value increase and nothing else. Basically the entire BCC ponzi framework is based on continuous value growth of the BCC token to survive (not trading bots like they say), something which isn't sustainable in the slightest, and once the token value growth slows/stops, the entire BCC "house of cards" will come crashing down big time (faster then Kevin Spacy's career). IMO BCC is an obvious enough scam that most people should have known to avoid it from the get-go, but with that being said I still think its eventual downfall/collapse will have a bad impact on cryptos as a whole which isn't good and may very well be the thing that sparks a new wave of excessive regulations within the crypto space at some point in the somewhat near future (prob around Q2 of next year... if it lasts beyond that I will be shocked).
Thanks for the 411 on that.....I wasnt touching it no matter what I thought about it...something just didnt sit right.
As for the regulation, I think it is a given that there will be government intervention to the nth degree at some point. Like you said, an incident like that could be what causes the governments to jump.
I have been loading up on BTS of late....decentralized exchanges are going to be the next wave I believe.
Definitely a Ponzi, impossible to generate the Payout. I will publish an article but basically with their rewards, by investing 10k$, and reinvesting every daily interest you get. You "would" have 1mn in 2 years.
Too good to be true :D!