We are reaching the final destination of this ponzi. Be sure to remember all the people who dragged others into this scheme. Report them to the authorities.
Well you have thousands of people into this I don't know the number but will you include bitcointalk and youtube because they are also posting information about Bitconnectcoin it will take millions of dollars to sue this two big companies and how can you trace the holders and promoters because they are scatter everywhere.
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Anyone that invests in BitConnect is doing at their own risk. Who to sue? the SEC has already warned that in most cases there is nothing they can do if the exchanges are decentralized outside their jurisdiction. If BitConnect is able to maintain the security of the site and prolong its operation, even if the % return is dropped below current levels it is still better than what a fiat bank pays so there is no Ponzi. As long Bitcoin stays in business, BitConnect can tag and continue to make arbitrage profits and share with lending investors, it may fluctuate as we are experiencing now with bcc/btc. but, if the roadmap 2018 is followed and they introduce more cryptos and currencies to the exchange it will give more flexibility and returns to BitConnect investors. They made a mistake dropping BCH. If they had maintained that exchange with BCH at current levels it would have capitalized the BCC better. This is why if they bring more currencies like ETH, XRP, BCH, etc it will prolong the longevity of BitConnect. EthConnect seems to be an enhanced branch from BitConnect tree and I suspect owners are related. They added Eth to BCC and made a cleaner site but rather than abandoning BitConnect they should add more currencies and as long as the daily % return keeps coming, even if smaller that is still better than nothing in a bank.
SMH......so hard
Where is this proof that the SEC has warned that in most cases there is nothing they can do? Do you just make this up to make yourself feel better about investing in this?
I have a family member who works with the DEA and he told me that at a recent conference there were several groups from the SEC and their MAIN focus was targeting fraudulent investment schemes. Recently USI tech got hit with emergency cease and desist order.
https://www.ssb.texas.gov/news-publications/bitcoin-promoter-usi-tech-hit-emergency-orderIf you don't think bitconnect and these lending platforms fall in this category then I don't know what else to tell you.
Also bitconnect is not a decentralized exchange, where you get this info from is an enigma to me.
"As long as bitcoin stays in business"....? What? You can't be serious.
It's obvious you have literally no idea what your talking about, stop posting on here trying to make others feel ok about investing in this.