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RE: Is Bitconnect a scam? Or could buying BCC actually be a good investment?
The true test of how long BCC will be around is when the first large wave of people get 299 days into their loan. Will they reinvest or cash out. This bubble is waiting to be popped. If someone buys BCC I'm no finacial advisor but I wouldnt consider loaning a dime of it into the 299 day process. Watch the graph like a hawk and sell anytime it appears scary. When this bubble pops i'm not sure it will refill.
Even worse because im seeing large youtubers promoting it like Tai Lopez. The ammount of people blindly following in is scary :( .
The amount of people blindly following is scary.. indeed.
Like all of these coins.
But who are these investors? Random people from around the world.. not professional investors.
So they can easily be manipulated. Every time an announcement comes out about a coin is jumps in price lol.. people don't even worry about innovation or increasing adoption of the coin they only want the next PR boost to increase hype and value :)