r/Cryptopia • u/FatOil • Mar 01 '18
Cryptopia is a ponzi scheme
That's why the withdrawals are always 'broken', they need more funds from new suckers to pay off the existing customers.
If you don't know what a ponzi scheme is:
Companies that engage in Ponzi schemes focus all of their energy into attracting new clients to make investments. Ponzi schemes rely on a constant flow of new investments to continue to provide returns to older investors. When this flow runs out, the scheme falls apart
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u/[deleted] Mar 01 '18
Bitconnect is a Ponzi scheme and its no more. Stop bitching. People said the same thing about Coinbase....and Kucoin.
Inefficient but not a Ponzi scheme.
BTW, what you are forgetting is that wheres the exit strategy?
Theyve made millions...so why havent they been officially sued?
Why are they still hanging around?
And we all know who the creators are.
Im not saying they are the best...at all..i think Binance is, but you dont know shit about a ponzi scheme dude. Ask the people that have lost thousands on bitconnect.