From the start, many know already that bitconnect is a ponzi scheme but we can't do anything for those people who invested there for the sake of profit. Now they will blame themselves for investing in this shitcoin. Many had said that this is ponzi scheme already from the start.
Everyone blind with his dream, the desire to earn money the easy way is a bad culture. I feel that everybody wants money and they forget the risks. Everyone wants to get rich instantly and this is the biggest mistake.
I think that many were fooled because they were unaware that it is a Ponzi scheme. The thing about Ponzi schemes is that it doesn't even look like a scam in the first place. Also, the promise of great profits and returns has blinded people from seeing how risky it is. Red flags such as the guarantee of large returns should be looked out for before making any investment.
I really feel bad for the people who were victims of this scam, and I hope that they get compensated in some way. There's no authority available yet in order to have some remedy for situations like these.
Right. From the very beginning it has ponzi smeared all over it already. Though of course those that entered early probably were able to make profit, given that they were wise enough to exit with their profits. And here. Comes the bitconnectx ico lol. Who would seriously consider investing there again
