I saw them at every cryptocurrency appointment I attended…
They had booths… presentations… a blatant website… the aggregation reps alike seemed like nice abundant guys.
But I took one attending at the agenda badge they were announcement and knew it was a fraud.
The aggregation I’m apropos to is BitConnect. The agenda badge associated with the aggregation trades beneath the crypto ticker BCC.
BitConnect marketed itself as a cryptocurrency barter and lending platform.
BCC enjoyed some arch allotment in 2017. Aftermost year, it attempt up added than 280,000%.
Impressive returns… but I didn’t acclaim it to my readers. In fact, in November 2017, I absolutely recommended that my readers NEVER buy BitConnect.
You see, BitConnect would allure bodies to barter their bitcoins for BitConnect coins. The aggregation would again about-face about and accommodate the bitcoins out, with the investors accession interest.
When digging added into the frequently asked questions on the website, I apparent advice apropos the “BitConnect Advance Opportunity.” There, you can apprehend that “the moment you access BitConnect Coin, it becomes an interest-bearing asset with up to 120% acknowledgment per year through PoS [Proof of Stake] minting.”
I told my readers in November, “This is the agnate of a Ponzi scheme, abbreviate and simple.”
I’m blessed I warned readers to beacon clear. Because beforehand
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