We all know Bitconnect is a HYIP.
An HYIP that also has 8 downline leves and pays uplines commissions on the investments.
Basic economics would tell you that 1% daily interest on top of upline commissions just doesn't add up.
The only reason Bitconnect has been paying for over a year and has become as big and as popular as it has is because the rate of both BCC and Bitcoin has gone up more than 1% a day, which, as crazy as it sounds, has actually made it a somewhat functional HYIP that is profitable to the owner, however beware that the site is run by an unidentified person, and that person could just randomly run way with everyones funds, since the owner controls the wallets where the members "invest/lend" their BCC.
If that service crashes or scams, the value of BCC would plummet to the ground, BUT, in order to purchase BCC with them you have to buy using Bitcoins, In other words, the site owner doesn't just stock up and prop the value of BCC but he/she gets paid in Bitcoin.
Last edited by Raizvan » Sun Nov 19, 2017 19:05 » edited 1 time in total