seen a lot of compelling posts from the ponzi scheme side of the argument. Got a question though, who here has lost money from bitconnect, whether it be a small or large amount?
Likely nobody has lost anything yet. The way Ponzis work is that they pay out large returns at first, and then stop paying out when they have enough deposits to make it worth closing up shop.
Ponzi supporters always defend their scam with the immortal line "but it's still paying!" as if that proves it isn't a Ponzi.
That's a good question and worth setting up a bet, it's been a year and nobody's complaining that Bitconnectcoin has scam anyone here even a single cent and the people who complaints here are all none investors it's our money it's none of your business all coins can grow up to 20% or dip down to 40% so what's new in this business.
The problem with setting up a bet is that while I would be willing to bet that this scheme stops paying out its massive returns within the next 2 years, anyone who believes in the scheme enough to bet against me believes that they can make 40% per month investing in it. Compounding that 40% per month for 2 years would allow them to multiply their money by a factor of 32, whereas betting against me would only let them double their money. There's no way I'm offering 32 to 1 odds, so the scam supporter is better off just investing in the scam and hoping. If the scam stops paying, they lose either way, but if it doesn't they're better off with the 32x returns from the "lending bot" than the 2x from betting with me.
.The bitconnect team is very efficient and seems to have high technical expertise. That gives me some confidence that they will be around for longer than expected.
