Bitcoin Forum

Had 800$ in there >.> hit hard fam, not even so mad that it tanked and I wont get my initial loan amount back, just pissed off as all hell that their website is all fucky.

1. They waited for those cease and desist letters to accumulate.
2. They totally simulated those DDOS attacks, or if they didn't they were TERRIBLE at protection, notice how on bitconnect.co they have some ghetto home-made DDOS protection and on their new ICO they scale up with cloudflare?
3. There is clear market manipulation whenever the market is in continual downturn.
4. They refunded the initial loan amount in Bitconnect NOT bitcoin.
5. DO NOT BUY BITCONNECTX

If you're going to clean up shop do and clean a profit from everyone, just do it. Don't come up with these fake excuses and attempt to continue it on. If you bought the Bitconnectx coin I feel sorry for you, god only knows how long they'll last now that several thousands of people know they're full of shit.

For a long time, people were warning about this Ponzi scheme you should have taken out all your funds and invested in some other coins.

Luckily I didn't invest any money on this site and there are rumours that these guys are selling all their bitcoins for cash but not sure whether it is correct or not. I read in one of the telegram channels.

For me, the site is not opening. It got stuck at "Checking your browser before accessing bitconnect.co."

still don't get it , what happened exactly with bitconnectx ??
I know that they were running an ICO to keep rolling their ponzi but can't understand what you are talking about ?!
did it fail already ?? cause AFAIK it's really new and not sure if it was even launched yet

anyways I guess you already know the risk of  putting money in such sites right ?!?!  ::)

EDIT : site opened now and found that
https://bitconnect.co/system-news/94/changes-coming-for-the-bitconnect-system-halt-of-lending-and-exchange-platform
so it's done for their "Lending" and ICO

The price of Bitconnect tokens came crashing from 431$'s to 15.61$'s right now. Everyone sort of knew that they were a ponzi but I assume that a lot of people took a gamble on it. We all know how things are with these Ponzis. They surprisingly were able to gather huuge funds for literally no practical usage with their tokens.

Sure, may be you will also explain why BBC crashed that much?
Actually, let me help you: all Bitonnect lenders immediately received BCC.
And what they did? They started selling them instead of holding and thinking what's next!

They sold because the company that backed the coin and gave it any use closed down. What else were they supposed to do?

Where did company stated that it closed down? :)
Learn to read before telling guys...
They notified about "Lending program stop" and about "refunding all investments in BCC".
What else did you hear? Please share it here.

https://bitconnect.co/system-news/95/bitconnect-update-regarding-the-changes-to-lending-and-exchange-functions/
I stand corrected actually. Still don't appreciate the method they went about this.

Well, lending is closed, sad news.
Internal exchange is going to operate, not sure will it be possible or not...
BitconnectX is going to become an exchange platform.
So do you really think that Bitconnect is directly responsible in BCC price fall?

Jesus, dude. Are you really this gullible? Can they really trick you into believing that this is not a scam? Hats off to them in this case. They even made a SECOND token for this supposed exchange. And why does it need a new website? It's a textbook scam. You people got screwed over and due to your inability to accept that, you're deluding yourselves into believing this will have some sort of positive outcome. You really shouldn't be playing with money. You might end up killing yourself over losing your house or something like that.

Bitconnect was a scam, well formed scam, but a scam. Bitconnectx will no doubt, be a scam as well. Only a matter of time. Bitconnect is primarily responsible for there price fall being as they released all the coins at once and did so in bitconnect not bitcoin. I conceded the point that they closed up shop, because technically they didn't. Bitconnect and Bitconnectx are most undoubtedly ponzi scams.

It was proven ponzi pyramid. I'm sorry for your loss but maybe next time you will spend some time to research where you are giving your money.

Rule of thumb:

Anything that anyone sells you that offers you some technology or strategy to make money, assume that it is a scam unless there is good reason to believe it isn't.


Sorry you got screwed over in this Ponzi scheme. It must be a very frustrating experience. :(

Yeah I knew what I was getting into :/ that's why not so bummed out about the loss. In the world of bitcoin, and in general, if it's too good to be true, it is.

I think it would be great if there was someway to find out when a Ponzi is fresh or has been around awhile. It would be fun to get into an early Ponzi and then exit before it crashes. I never have entered a Ponzi because I never know how far along in the Ponzi process it is.

I'm not going to argue with you guys.

The only things I'm definitely sure are:
- Bitconnect is responsible for Lending platform crash;
- but Bitconnect returned all BCC to their lenders;
- and all you "scamming" and "ponzing" creamers here are also responsible in BCC price dramatic fall,
because of the panic among Bitconnect lenders, provoked by your "scamming" and "ponzing" flood.

People were actually going crazy about bitconnect ponzi when it was live and many have also made huge amount of money but I have never invested any penny in it because the way they used to work was not stable and it was pure hyip model.

They used to talk about lending software which is just their fake claim. They were scammers from starting and the only person who got rich in this pyramid ponzi is only the owner of the site.

Just to clear up what xplode78 had said had happened to them.

The bitconnect company did not close. Their lending platform did close.
The company has rebranded and will be an exchange using what they built up from the lending platform in these BCC tokens and will be using that as whatever they plan on doing with them.
Maybe they want to be contenders to what binance has done as they have had over 5 million sign ups in the past month or how ever it took them to achieve this mark in a customer base.

What they will be doing next is still up in the air and should be trend with caution if you want to continue on with them and hold their tokens.
It seems that alot of their members have made their decision and sell off their shares in BCC and have moved on.

That is their own right and the decision they have chosen.
As with every other ICO/token/alt coin out there.

You pick and choose which one you believe in and stick with them.
Through thick and the thin.

And at this moment and time, bitconnect is walking a thin line right now. :-[

Xpod78*  ;) and true, to each there own. Personally though, I wouldn't touch there new Bitconnectx ICO.

I have nothing to add to what is written above.
Thank you.

It was a scam from the start! They were a ponzi and they were not able to prove that they weren't. I am even surprised a lot of people fell for it. Call it what you want, but I think it is still a shady business.

I can agree with word ponzi, which is equal to pyramid for me.
But Bitconnect returned BBC to all investors, including interests, so they are definitely no a scam.

I remember something like this happened to litecoin a couple years ago

Please let us know, what exactly?

lol they aren't scam cause they gave their customers BCC !!!! , are you kidding or what
the token is useless , basically they stole their users bitcoins and credited them a useless token that's now being traded with like 90% loss
OMG it's really easy to scam people , I started to not feel sorry at all since even after the scam some people are still defending bitconnect

You are giving warning to everyone - now.
But when you invested you ignored the fact that you invested in bloody ponzi, no matter all scam accusations and red signs.
People evolved from apes and now it looks like people are devolving back to apes.

I don't really get it.

People have been warned for a while, many didn't listen. Allegations were proven right and many lost a lot in the end.

Then will BitConnect really be allowed to reborn like a Pheonix?

Who's buying BitConnectX? Why, oh why?


This thread makes me sad.

Yeh I agree dont listen to these guys at all anymore, they scammed once they will scam again.
Till someone stops them, like I dont understand how u can be posetive about Bitconnect as a company.

They litterly scammed people and did a ponzi scheme and still people are investing in bitconnect x.

if u plan on buying bitconnect x u can better send me a message and i will help show some way better options.

Because some of my friends invested as well and i just notice most of the people that invested in bitconnect know nothing about computers, crypto and blockchains.

And they just blindly invest hoping on a passive income while they work..

Unfortunately only some evolved, other simply imitate evolution...

Ignore all facts but you can't ignore chart.
Chart can't lie:
https://i.imgur.com/Y11QLuo.png

Even though they are not the scam but why do you want to invest a money, which is running on a basis of a pyramid scheme?

There are so many good altcoins are available to consider for your investment so I don't want to take a risk by knowing that they do not have any working model so it is better to avoid these kinds of businesses.

In the end people just want to have fast money, I believe they offer pretty good amount of payout if you invest good money there, as long as their token raise, they can pay you guys but unfortunately their lending system is really a ponzi scheme which they need to close it down and their token also fell. This is why they can't pay anyone who invest on their lending system, but I heard they still open their trading, wondering if any of them still trading there

Have you ever been into bitconnect? Have you already transacted with that company? If yes? Please let us see some proof that you have been paid well with  BCC.
you are protecting and saying that it is not a Ponzi scheme, so any other complains about the issue would be invalid if you show some accurate proof. ?

They have started with their other branch off of their BCC site with BBCX.

Isn't it strange they had this already setup and ready to go right after they had been telling everyone to "hang tight our site will be back online from these ddos attacks!".
It seems they were just stalling for time to get this new offering out in the wings so they can continue right where they left off without skipping a heartbeat. ::)

by the way they weren't profitable at all  even if you "invested" since day 1 , all people without referrals lost money
when bitconnect started bitcoin price was around 1500-2000$ , and they only take bitcoin and lock up your "loans "
so people who invested 1 btc since day 1 maybe they made 300% (they made less but let's assume that ) , but at the end of the day they made  6000$ which is like half a bitcoin now

so holding was even better than the " too good to be true site "  ;D

This is why I don't invest into a hype platform or coin just like bitconnect and now another name bitconnectX. People don't learn from what happened from the past. Don't be too greedy, holding is better than this.

bitconnect dumped
in telegram channels people where said that take bitconnects from markets

I think most of them recently knew that Bitconnect is just a ponzi scheme. Really sorry about your loss. This is the cons when investing on something that is a hype platform.

From 355$ to 13$ most of them sold their tokens.

The reason is that people are too greedy and when they saw investments which they can able to earn money on fastest way they do invest right away without hesitations as long they can earn and do see other people earn big amounts.They dont care at all seeing its background.Warnings have been given on earlier times on the system being used by Bitconnect but people neglect it and now they are crying because of such big loss.Its too late now.

Well, I knew it is a ponzi scheme, still invested and do not much regret. You still can get profit from ponzi, but you need to enter it really soon.

When you already know its a ponzi then why will you enter in it. It is like playing with fire when you know it is not safe. Avoid under all circumstances such things when it is clear that it would be 100% risks to lose your money under such site.

There are really people who do love to play with fire on where they know the risk involve but they do still dare or decide to proceed which it do somehow acts as a greedy person that craves for money even more.Some are aware on the risk some arent and just blindly invested because he goes with the trend and when they saw up that earning money is fast with those schemes.

The same thing that happened to you despite all of the warnings that abound on the forum and outside the forum about the pyramid scheme of bitconnect, where you were told to be lending your coins without seeing anybody borrowing or even using such funds, you were blinded by the interest on your bogus interest rate now you are playing the victim card but you choose to call bluff all of those warnings. They were even nice to have paid you in their own coin because other hard core ponzi schemes would leave without a trace.

The same way someone reading this would still fall for their graphics and all of their promises but later cry foul after a while then the cycle continues. Those who will listen will hear and those who wouldn't are also reading.

Good god calm down, noticed how in the post I said I wasn't even bummed about losing the $800? I knew the risk I assessed it, decided it was worth it, this post was created to warn people about Bitconnectx, that's really it's entire purpose.

.             I heard about BitConnect , but they are collecting cash from the those joining with them. The higher you invest to the bitconnect , the higher the Commission or interest or the profit that they Will give. When you compare about Bitcoin mining it is much better than that site. There is no guaranttees for your money to withdraw them just in case you Will back out. Almost convince but must to think thrice.

Bitconnect - the father of all scams, lol  ;D