Bitcoin Forum

I only invested a small amount of BTC before I knew what this was, however I have already made more than my investment so no worries.  However the site has been down for nearly 24 hours as far as I know, maybe longer. super vague posting on their site too about it.  anyone have anything on this?

Well, they might be nearing their end. They have opened an ICO called BitConnectX, might be their exit strategy or an "upgraded" platform to attract more investors.

Their twitter says they are being DDoSed.

https://twitter.com/bitconnect/status/952584072144056320

copy that thanks.  I looked at that bit connectx.  it literally had nothing in the days leading up to it, about it.  no white paper nothing.  again glad I only put a little into it, but my returns I get I just flip to BTC and extract. 

and then you cant withdrawall your coin  :D :D. or maybe their maintenance mode is just to prevent people to cash out their coin, who knows. IMO lending platform are teriblle, it is just for people who want to face high risk.

thats what Im thinking about, why not airdrop & choose ICO? :D :D :D


but if you want to invested on it make sure that dont save on their web wallet, save on your desktop wallet so you can trade your if something bad happen
 :) :)

thats is bad news, I save my bcc coin on their web wallet. did the service will be back soon ?? did it ever happen with thier service ?
OMG Im so terible right now

Well it's clearly a ponzi-scheme so no surprise there.
In my early days on crypto-world, I've been a fan of HYIPs (High Yield Investment Platforms) and most of them use this kind of scheme and I'll tell you now, whenever a HYIP is about to close, bad things seems to happen first, DDOS-Attacks, Frequent senseless maintenance, and some other excuses just to pause their services for a while. After a couple of days, Boom, website down, Goodbye to all your investments.
So better not to get involve with such HYIPs in the first place or else, you'll end up losing everything.

You mean invest early enough that when you lose the initial 100 bucks, that's just the cost of doing business. pulled a few hundred out in BTC already.

Maybe Bitconnect should consider rebranding to Bitdisconnect.  For a billion dollar cryptocurrency project to be down for this long is unacceptable.  This situation will have a negative impact on the project. 

Ive heard they received cease and desist in the U.S probably they will shutdown forever for good,never join these ponzi schemes.

Exactly. This is so unlikely that a billion dollar project will so easily be ddosed meaning it is more than likely that they are already ending their ponzi scheme. I wouldn't be surprised if the next thing they say is that they were "hacked" and that all the money was stolen (when in reality they hacked themselves and are laughing at all the investors whose money they stole).

Everyone was warning raising red flags and warnings against bitconnect. If you still foolishly invested in them despite this, then its your fault your money is now gone.

Bitconnect is now the property of the Queen of England, including all the assets. They filed papers anonymously and didn't complete the required registration so it defaults to the queen. I am being serious. It was a scam.

I bought BCC coin when the price $1,7 and sell all the coin a few week ago. The coin of Bitconnect actually is real cryptocurrency that we can mine by self but the lending program can be fraud and use only ponzi scheme.  I think Bitconnect will back soon with new strategy to attract new member. In my country Indonesia Bitconnect is booming and many my friends join in it.

Well what do you expect to this well crafted ponzi scheme? they will shutdown wihtout notice after they got their profits just like the other ponzi schemes,nothing new i pitty those who invested in bitconnect scam.

It is better to stay away at bitconnect at the moment. Because they may be starting to exit and create a new ponzi scheme. New participants will suffer huge losses. this is the cycle of a ponzi scheme so you must already know that.

Not sure, it depends on how much you trust them. They are still updating their social media sites letting people know it's still down. It would be huge news if it did go down. If it's truly a ponzi, then BitconnectX is what they're doing to gather more funds, but if they were exit scamming out of Bitconnect, then BitconnectX is a definitely scam because why would they go through the trouble of announcing this and trying to follow through with it with some new company. Nobody would trust them if they exit scammed out of Bitconnect, so BitconnectX wouldn't even get off the ground.

I'm all about Davor anyways. At least they're a bit more transparent and are paying nicely. But like I said, I'm glad I found a new one so perhaps this thing can go on for a year like Bitconnect. I just need it to last a year and I'm all good in the hood.

BitconnectX wouldnt be an exit  scam imo, since they havent sold out that ICO yet. If they were using it for an exit  scam they would have milked that ICO dry first.
I checked the ICO out, didnt invest. Its basically gonna be a decentralized exchange, they limited each investor to 500 or 5000 (i cant remember) USD per day for the ICO. It also had a daily hard cap. They could probably raise 200m USD in an ICO if they wanted to, but they didnt, they limited the hell out of that ICO so i really doubt bitconnectx is intended as any form of an exit scam.

But again, BCC is a risky one, im on it too with a tiny bit of money and shockingly for all the risk it exposes us to its the worst performing of all my investments

Conventional doss attack that happens every day with thousands of other projects and sites, this project is the father of the founder in this line of business, I think he will survive all the projects of similar nature

I always stayed far away from bitconnect, I heard about it early june and was tempted by all the possible profits but seeing a bunch of youtubers spouting referrals everywhere and the pyramid scheme made me think twice though. From what I know, your funds are locked for a certain duration if you have invested in BCC. If that's the case for you I hope things work out because it's easy to see that this kind of lending program is not built to last.

Site is up for me right now if you guys wana pull out your money.

I invested and thankfully made back my initial outlay, so currently in profit.
I would like it to come back online so I can keep taking the $$ but if not ... oh well. :)

Personally, am not a big fan of HYIP programs due to the extreme risk involved. I know some people who actually profited from these programs which is why I know for a fact that it is possible to earn big money from these programs, but it is extremely luck dependent and I feel that ICOS are way better in this aspect. Investing in an ICO is far less riskier when compared to investing in an HYIP.

Coming to Bitconnect, this could be their exit strategy, but I am not sure since they did bounce back sometime back from such attacks and continued their operations which is why I am reluctant to call this a scam.

Pull out your money while you can,this ponzi scheme wont last forever everyone is starting to cashout and seems the founders of this scheme will make a silent move for their exits.

Yeah.. that is the best thing that you can do, just withdraw everything from there before they end up scamming everybody in there.
This site is crap, and they are the most giant ponzi scheme that has been created during the last year.

I only put a little it. took most ofmy money out.  but now the damn site is nearly unusable.  they are crashing hard right now and I fear lots of people will lose a lot of money and worsen the already falling crypto market

yes, since yesterday it is falling. it might be profit booking.

Well bitconnect from the start is a scam,what do you expect? they will find a way to get a perfect exit from the investors.

actually alot of members here warned you about bitconnect , i just hope because learn and don't invest in hype coins

Probably bitconnect would be down forever,the founders just got billions of dollars in hand and probably celebrating by now.

I buy some BCC back days.. and already running in profit. I managed to collect my initial capital.
I think now is the best time to get out. Thank you for your information.

Yup this definitely sucks and the government would most likely can't even touch them.

...BITCONNECT IS GONE ...RIP BITCONNECT ... (https://bitcointalk.org/index.php?topic=2769370.0)

It's officially announced that after 5 days...
What a pity for a big priject like that :(

..and those who are thinking withdraw the coin,please be aware that they will be paying lending wallet btc balances in bcc at the average rate of last 15 days till yesterday evening ! (so around $360 per bcc , and btc @$11k.. so if you have 1 btc in your account you will receive around 30 bcc)

https://bitconnect.co/system-news/94/changes-coming-for-the-bitconnect-system-halt-of-lending-and-exchange-platform

i heard they closed their project and pay back investor with coin instead of BTC, i think that is why their coin decreased so fast. if they really closed their project, sorry for investor

for me its actually depends on investors in bitconnect also if the price is going down.

They have a cease and desist order from 2 states already. 80% down from its high is really bad. I hope hodlers will be able to recover.

https://cryptovest.com/news/texas-bans-the-activity-of-bitconnect/

intersting all this happened with a massive drop in the market cap. either way I extracted nearly what I put in, and lesson learned. hope nobody put too much into them

Yeah the news of them closing down has made rounds already in crypto world. It does seem a bit suspicious for me from the start though i know people who actually made money from their lending services. Good thing i stayed away from this

I doubt that there wont be any opening with this scam as it is finally over and officially shutting down forever,i pitty those investors who got involved with this scam.

bitconnect now is going back to the moon, I thought it would be dead! they just close their lending and continue the exchange, this is the good news for the bcc hodlers. ;D

Yeah we can hope Bitconnect price to increase at least to 150$ because that the price for BitconnectX ico.

What I really really can't get is how you guys can just live in denial. Everything that BCC blatantly puts out that doesn't look anything like crypto is just accepted by all of you. Ponzi, pyramid, crazy MLM style talks. all this isn't just smoke and mirrors, they're practically screaming in your face that they're a pyramid scheme. But you all just go deeper and deeper.

Please, for the sake of all newcomers, don't give your money away to these guys. Do a simple due diligence on Google.

I really hope nobody will read you guys, how can you trust this project ? Its a scam ... Same things will repeat again and again and many people will loose their money ...

I simply can not comprehend how people can fall for this.
everyone who loses money with this ponzi deserves it.

crypto attracts a lot of greed...

just information
from the beginning of making bitconnect is already a lot of trouble with people creator of ethereum,
when cryptocurrencies want to be transparent and their team correction bittconnect seems to be heading in the other direction.