Thank you for your frank post. I believe anyone who is investing in Bitconnect or any other lending services should be withdrawing their profit immediately. In case it fails, at least they get their money out. Its all about taking risk.

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Ponzi scheme and pyramid scheme are two different things.

You mix them up in your summary.

The return from Bitconnect is actually stated on their website as being variable.  And it approximates what you would get from just holding BTC.  So you don't know for sure it is a Ponzi based just on rate of return.

There are some classic signs it could be a Ponzi:
- the "trading bot" is a secret algorithm, which no one discusses in detail
- the people who run the site are unknown, and could choose to disappear with your funds at any time
- it is promoted as having unbelievably high returns (which in fact are only average for the crypto industry over last 12 months).

I agree with your conclusion that it makes sense to stay away from Bitconnect.  Not because i am CERTAIN it is a Ponzi scheme.

But because many of the behaviors and attributes look a lot like a Ponzi scheme, so why take the risk?

I think Junius Maltby did a great video on bitconnect being a scam. It's a must watch.
<p><iframe src="//www.youtube.com/embed/8PjlGkAR5cw" width="560" height="314" allowfullscreen="allowfullscreen"></iframe></p>

You have to be technically analytic before you can speak for, defend or against bitconnect platform, the geniuses behind bitconnect are betting on the rise of Bitcoin and they are holding two strong assets (BTC & BCC)  which they are exchanging on their platform and pay you back the fallen dollars, turn the chart of bitcoin and bitconnect upside down against your precious dollars. The truth is that many people are not used to winning big and Bitconnect will survive a long time as long as Bitcoin keeps rising.

>I always look for long term investments that are relatively safer. Safe is a word that is seldom used with cryptocurrencies, but some cryptocurrencies are tested and proven legit.

I'm interested in knowing some of these long term investments you define as relatively **"safe"**. 🙏🏾

I have to say, I put some in one of those lending wallets just to try..and this is already making me itchy.

300 days before your original input is 'free' again. Until now, they are still paying and I am withdrawing those pays asap to get my original input back. Curious what is going to happen.

Dude, look at it this way: you put your hard-earn money in the bank and you are charged some amount based on what you put there. Bank executives and staffs get paid a huge amount of money every month. As a data scientist where do you think all that money come from? Banks build branches everywhere, where do you think the money come from? From thin air?. Of course, it is other peoples money (OPM) put into a profitable investment. Instead of paying some executives and staffs huge amount of money, platforms like bitconnect is paying the money back to people who put it there. They might take some percentages which is none of my business after all banks are doing worse in the name of protecting our asset. Blockchain technogy already offers some level of security even though it is not yet perfect.  And do you really understand the core meaning of the word 'decentralised'? Money that is supposed to go to bank executives and staffs are now evenly distributed (decentralized) based to the investor or (lenders incase of bitconnect). I totally disagree with you. Bitconnect and other lending platforms are here to stay as long as their founders don't mess up the system by being too greedy. And if bitoin take some deep as you indicated, it will bounce back. So we can wait.

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It's a fucking scam/fraud/ponzi what ever. 
At least it's a bit better made than the rest like OneCon, Tether, etc.
They surfed on people ignorance and miseducation (or rather lack of education + Greed + Stupidity).

I've invested $100 into bitconnect fully aware that I could lose it all.  After the first 3 days I've made back roughly 2% of my original investment which isn't too bad given I haven't recruited anyone. If anyone is interested in hearing how that goes feel free to give me a follow. I'm planning on doing fairly frequent updates.

Smart business to post on this sensitive topic, although fairly redundant and in line with tons of other Steemit posts, because whales hate it and will upvote highly.  

Kudos for seeing and seizing the layup opportunity.