Bitcoin Forum

its $33 now! god!

it is a ponzy scam

https://www.reddit.com/r/CryptoCurrency/comments/7qwhrr/bitconnect_is_shutting_down_its_lending_and/

Stay away from it,its getting pumps from the whales who got trapped,theres no fundamentals so im sure its a trap.

It's so weird to see that some people are still investing in it. I guess some people don't do any research whatsoever.

Whales are setting up some traps for the small fishes,dont bite the bait,bitconnect ponzi scam was officially closed their operations few days ago.

Its crash the way he supose to be. Ponzi will be ponzi just matter of time. There like a hundred post in this forum tell that bitconnect a scam.

There is a bad news about Bitconnect. They said that they will just close the lending program but we think that it is just their escape plan. It is a ponzi scheme since the beginning. It was all their plan all along. Sorry to those who invested here. Move on and learn from your mistakes.

I heard they have returned the investments of their Users. Returning all of the money from the lending platform. But that does not qualify not to call them as a ponzi scheme.  ;D

A thousand times talked about the fact that this project is a financial pyramid or Ponzi scheme, those who do not understand it - fools.

The marketing and affiliate programs for BitConnect follow a pyramid scheme, based on multi-level referrals. Also, markets for BCC are not free and have only one price pressure, the acquisition of more BCC to participate in the affiliate returns scheme. Accused of being a scam site that was giving away massive commissions that's not practically possible. Many did predict that it would shut down soon!

BitConnect was nothing but, was a Ponzy scheme from the get go.
Many people realize this, but think they are clever and will get away before the crash. Well, I hope they have learned their lesson.

It was as low as $8.
I believe the US gov are about to shut it down. For being a ponzi scam.
I was waiting for this to happen, to be honest.

Don't understand why people would believe them.

Obviously it turned out to be a ponzi scam scheme. Actually there were some warnings from Buterin and Lee, founders of cryptocurrencies, back in December. The first warning was from Michael Novogratz back on Nov 30 in his Twitter.

they closed the lending program now. thats the cause of sudden drop of the price.
it was obviously a ponzi scheme. don't know why people still fall to that kind of program.

Happened what should happen long ago, but for some reason laster for a year. Everyone knew its a ponzi but still decided to take there chances. So now we have what we have..

bitconnect lending ponzi program is shut down now. so sad for the small investors that loss profit because they did not know about that,

There a huge quantity of a financial pyramid or Ponzi scheme here in crypto. Even good not scam projects are overbought here;) Just need some good timing to come out before it will fall)

Regulation and legal disputes happened. And they got what they deserved! There was a thousand warnings here and there stating it's a scam and people must stay away.

Even the current price of $33 is overvalued. 

They didn't actually return customers' money. Customers gave them Bitcoin and got useless Bitconnect money in return.

Bitconnect is a Ponzi Scam so we should not buy it. Many traders are now in a hurry because of the sudden drop in the bitconnect which of course resulted in losses. So that we can call Disconnect the Bitconnect,

How if the investor do not aware of that ? he not open the platform and didnt have chance to cash out his money. i guess he lost it.

Bitconnect turned into BitconnectX! As obvious, it turned into a Ponzi scam taking all its investores down the drain!

Many youtubers played on the lack of knowledge of people that either were new to the space or were lazy not to research it. Basically they said that they have a bot that the more money you give it to trade it the more money it makes, your money is locked by them and you receive a daily pay. They also advertised that there was no or very little risk. If it sounds too good to be true, and it's success depends on you signing new people to the group and it quacks like a duck, most likely it's a ponzi scheme. Its really sad to see many people maxing out their credit cards, Students putting in loan and getting lured into the trap.

Now all that remains are the left over Bitconnect coins without any platform. Ready to be slaughtered!

Do not believe in it, now let go of it and look for another opportunity. There are many other good coin waiting for us.

If that's the case I think there's no problem with it. Since the Bitconnect was actually a lending platform where they give you an amount in Dollars.

my god SCAM!
but good to see it's down now.

I completely agree with you here. Many popular crypto youtubers like Micheal Crypto, Trevor etc referred Bitconnect and earned millions through their referrals which is smart in my opinion, but they earned this money by causing pain to so many people around the world which is disgraceful and not worth it at all if you ask me. Bitconnect as a coin is promising, but I never trusted its lending platform since it was not sustainable in the long term and this was clear to everyone, but so many people want to get rich overnight and look what happened. People need to stop trusting these lending platforms completely.

They are a scam project and still people urged to buy in. The played out on the greed of the people and offered a 1%-2% dayli interest so people rushed to buy and lend BCC. Omg when will we grow up and understand that this kind of things cannot mathematically exist? I dont even feel sorry for all of those who were scammed (i have a few friends who were) because when all the internet screamed that it is a scam all of you investors in BCC stood up for in an praised like a project that it will make you rich.
An i am sure that is this year another project like this will apear it will have succes because the greed is to big to fail.

The result will depend on how many you can try to make another people interested to join in this ponzi scheme., This just another method to avoid a lot of accusation against bitconnect. As long as the developer shouldn't be arrested and bitconnect will still exist. The sad thing there is some similar ponzi scheme with bitconnect just like regal.

I guess when it's too good to be true it probably is. Greed just sometimes gets the better of otherwise rational people.

Bitconnect scam bitconnectX born just same ponzi scheme same money game, you want to get pay you need to drag another greedy person to invest, until there no investor and puff they disappear again and run with all of your money.

It was written SCAM from the start, and the growth was not normal. Just look at the chart from the beginning and it looks like somebody is going to invest. I hop they are going down, but be careful. It can follow the pattern of pump and dump.

I have heard numerous times that, that coin is a total scam even during and before it ICO. A lot of people refered to it as a ponzi scheme. All this controversial stories surrounding pushed most exchange to pull it down from their site.  I bet the developers must have made their fortune out from it regardless of what people are saying. I don't really like the idea of referring someone to invest so you can level up. People sees you as a scammer if you beg them to join an investment.

This coin does not have good fundamental so that pump just in short time and will be dump soon, since many people lose their money from lending program of Bitconnect so many people does not believe this coin again and the popularitas also down, and in my opinion not possible  the price of Bitconnect going up again to $400 like before.

Does anyone here tried the guide to recover BCC at price level 142.47 USD per token? Is it true that they will send back the BCC token worth 142.47. I have a doubt that it is a scam. Im hoping for your clarification. thank you

This looks like just another scam attempt. How you dude is buying each bitconnect worth $142 while at the same time the majority of bitconnect market just trade that shit coin for $3 for every bcc scam coin.
https://coinmarketcap.com/currencies/bitconnect/
You are obviously spreading the malicious link to others.That's true consider the fact that bitconnect gets dumped more than 99% from the peak price.

In all forums, warned that this is a financial pyramid and it will collapse one day, on a general correction, people panicked and sold everything.

The bitconnect system is similar to a ponzi scheme that leads to the total destruction of its followers aka scam.