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Topic: I'm surprised no one is copying Bitconnect yet ✍ ☕ ⌛ - page 3. (Read 2167 times)

full member
Activity: 266
Merit: 100

FIRSTcoin - FRST
PuraCoin - PURA

Ponzi scheme.
legendary
Activity: 3262
Merit: 3675
Top Crypto Casino
Why copy it?
I think this is a bubble.
hero member
Activity: 752
Merit: 501
Bitconnect is so successful, they have over $700 million USD in marketcap.

I'm surprised no one is copying Bitconnect yet. It's too easy for some one to clone a proof of stake coin. Create their own exchange on their website that only they can control, sell their coin, and get people to lend that coin back to them. What a genius idea from Bitconnect.

If someone were to copy Bitconnect's business strategy, they could easily rake in at least $400 million USD in marketcap in less than a year.



If it is so easy, why don't you do it then? Grin

See, everything is a lot harder than it seems at first. There is a team of employees that must respond to customer support inquiries all day long. The website must be coded optimally and run smoothly this alone takes a long time and requires a professional programmer. Then you have cold storage and security, and the overall functionality of everything, organization, etc. It is A LOT of work, more than you think!
full member
Activity: 207
Merit: 101
Bitconnect is so successful, they have over $700 million USD in marketcap.

I'm surprised no one is copying Bitconnect yet. It's too easy for some one to clone a proof of stake coin. Create their own exchange on their website that only they can control, sell their coin, and get people to lend that coin back to them. The bot they are using to automatically trade is called 'GunBOT'. What a genius idea from Bitconnect.

If someone were to copy Bitconnect's business strategy, they could easily rake in at least $400 million USD in marketcap in less than a year.

There are a lot of ponzi schemes out there, all banks run ponzi schemes including the UK's private bank Federal Reserve.
That's why Bitconnect cannot be shut down. Not to mention, people only lending them their own Bitconnect coin.

As long as people are not lending them the USD or the British Pound, it's not illegal for Bitconnect to operate their business scheme in the UK. You'll be surprised to find out that the UK is full of businesses operating ponzi schemes. That's because the central bank of the UK run on ponzi scheme. The central bank of the UK would be accused of being a hypocrite if they were to shut down the rest of other businesses that run ponzi schemes.

These are probably a few multi level marketing software developers those Bitconnect clones are using

http://www.mlmscript.in
http://www.lbssoftware.com
http://www.armmlm.com


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