Bitcoin Forum

I am looking through coinmarketcap and this has my attention.  This coin has went up to almost as much as ETH prices already.  The price of it earlier was very little like ETH yet there is very little discussion about this coin.  Is there a reason why?  I just noticed this coin starts the same word like bitcoin... in bit...


Is there a reason i don't find any topics about this coin?  This coin has soared very high yet there is almost no talk about it.  Is it possible for this coin to hit 1k or more?

I'd do a quick search on it; you're very likely to find the lack of discussion around it relates to the secrecy and the likelihood Bitconnect will collapse at any moment.  Unlike Bitcoin which is open-source and decentralized, Bitconnect is closed.  In fact, no one knows the people behind Bitconnect so if they did decide to close up shop one day there isn't much anyone can do to get their funds back.

Just another shit coin for MLM sheeps

You didnt search then.

Bitconnect is a well known ponzi scheme in the crypto community. Its trading of its coin is kept to as few exchanges as possible to manipulate and control its stats and its a joke that will crumble when they cant pay out eventually.

If it wasnt a ponzi everyone in their mother would talk about it, because look at its growth rate. But when you realize what it is, you wont touch it with a 10 ft pole, because it could collapse into nothing at any given moment. Like 10 days ago they just dropped their marketcap by like 500million out of fucking nowhere with some lame excuse. Go check the marketcap chart to see it.

Ridiculous. Stay away.

You will see on the forum that this project is actually discussed quite a lot. So listen to the people! It's a well know ponzy scheme.

Just stick to the rule: If it sounds too good to be true it most likely is. And Bitconnect sounds absolutelly rediculous.

Dont be so dumb, bitconnect has only went up because it has a lot of support from the newbie ones who LOVES ponzi schemes, there is no way that a program could give someone more than 1 percent a day and with COMPOUND included, it is impossible.
Dont be dumb, dont buy this coin, because on the day that this project explodes, the price will go down so much, and it is probably going to reach less than $100 again.

It's a ponzi scheme for sure, but we can't understand how its price was pumped this much. From the january 2017, until now, there is sharp value inflation in its price and this is very interesting for such ponzi scheme. That's the point.

Well by the time you wrote this question, you should've guessed it yourself.
Yes it's a scam coin with nothing interesting in it at all. And that's actually not only my own opinion on here. Just try searching the forum for this coin and you'll see each and everyone explaining how it's a scam.

A lot of the members of the forum trade in cryptocurrencies and try to snatch every opportunity to make money out of coins. Don't you expect to find millions and millions of threads about if it was legit ?

I mean it went up from $212 on October 29 to $284 on November 3. That's a 34% increase in less than 5 days.
Clearly it's something that you don't want to put your money in.

Besides, there's something that caught my attention in the price charts.
Look at the market cap ! It went down by $1,500,000,000 in a fraction of a second and nothing happened ?
Like what in the world is going on with this thing ?

https://screenshots.firefoxusercontent.com/images/8b19678d-5ffb-491c-b1ed-8eec198e29e6.png

Get me out of here.

Just check their history its connected to MLM or ponzi better stay away from it. It is not even being developed into a better altcoin

Did its price really went up? Or is it just a made up number coming from their exchange and broadcasted to coinmarketcap?


Their exchange is new and only deals with BCC and so they can report any number they want for the price and volume through their API and that's enough for coinmarketcap to get listed and the numbers accepted.

By the numbers ~95% of the volume is done there, they're likely also change the price to their liking which nobody will ever know.

Bitconnect has own forum, you can try to find them all through the search engine. but bitconnect was better than ethereum, if you are thinking about the bitconnect as the same with ethereum and you may wrong. Look at the chart on the coinmarketcap. The only traded bitconnect coin was in their own exchange site. that gives a lot of opinion about the manipulation especially their business structure just follow the ponzi scheme.

It's because it's more of a ponzi / pyramiding scheme, try to study bitconnec it's more of something that make their investors think that they are investing to a real coin but in reality, they don't.

I don't know since I'm not giving an interest to have some little of my money invested there. But if I were you it's not gonna work out to stay on that coin.

People are investing less on it! Should prices start falling or not rise fast! or have come to the price threshold! But investing in BCC is more risky than BTC

bitcoinnect this now is booming, much new member every day join in bitcoinnect
you can read in coinmarketcap volume transaction and bitcoinnect price always incraese

One of the big reasons the price went up was because a TON of greedy crypto-youtubers were spreading the word like wildfire because of referral bonuses. They offer a lucrative bonus for inviting new people in the system by giving you like 10% profits from your guests profits. It's incredibly sketchy, when I first heard of it I knew very well this was nothing but bad news. The people who invest in this downright confirm it's legitimacy without a shadow of a doubt, but the truth is poignant with BCC. It looks like a ponzi and it feels like a ponzi, so most likely.... it 's a ponzi.

It's ponzi, so people dont like to talk about it. People take about real coin with real product, real plan for future.

Well let say you bought a lot of bitconnect earlier on when it was 1 dollar or something like that.  If someone has a lot of bitconnect now, wouldn't the smart thing be just cash it all out for profit now?  Or someone cannot do this at the moment?  I know ponzi is a scam but if someone owned bitconnnect right now, could they sell it all and make their profits?

I think, on livecoin, you can cash it out now, but I have no idea about their BCC exchange. It's purely a ponzi system, no doubt for this. Then please avoid this BCC coins. Doesn't worth trading on the exchanges.

The main reason this coin goes skyrocket is because ... it uses ponzi scheme. Just stay away from this scheme (Ponzi, HYIP, MLM, etc). They will collapse one day for sure, and I'm guessing it won't be long from now.


Besides their main ANN thread I couldn't find anything elese. Probably because Bitcointalk community hate such scheme. Any discussion of it would be instantly flooded with people warning that it's a scam.

Avoid it at all costs, it's a Ponzi scheme and it will eventually one day go bust. There are so many sites and social media influencers that promote it for their own benefit, it can only continue for as long as it can attract new foolish money.

A lot of the topic you can find it on the internet. The price will grow more caused by there is no exchange site to trade bitcoin connect except only on its own exchange site. You can see the fact that bitconnect just another ponzi scheme.

This is a very stupid fraud. The Ponzi scheme will only target the bitconnets, and it looks like they have a bad, wealthy Investor by taking advantage of Traders.
They new traders will fall into it if not know this.

Read these:

• https://coincodex.com/article/1069/tips-for-avoiding-cryptocurrency-scams/
• https://coincodex.com/article/1051/notice-regarding-high-yield-coins-on-top-of-bitconnect/
• https://coincodex.com/article/1036/what-is-bitconnect-and-why-have-we-decided-to-distance-ourselves-from-it/

Okay i got it... everything says its a scam.  But if you have a lot of bitconnect right now, could you immediately cash out your profits then?  Thus sell it all for btc or not? 

Here is what bitconnect will allow you to do

Invest a $5,000.00 USD loan for 179 days.  Receive an estimated $50.00 a day ($350.00 a week).  Transfer the earned USD into BCC and periodically exchange the BCC for BTC and transfer out of the bitconnect platform.  After 100 days you will have earned your initial investment ($5K) back and over the next 79 days you can accumulate another estimated $4,000 USD worth of BTC.  After the 179 day loan term you will receive your initial investment of 5K back.  That's quite a return and the "bet" is, "Do I think BCC will be in existence for AT LEAST 180 days?"  My answer is YES!

Or you can make a lot more than that by putting more trust into leaving your investment in longer


(Shameless registration link here: https://bitconnect.co/?ref=jlittlefield)

Well that definitely sounds like a scam.


But you could just buy bitconnect right?  For example it was 1 dollar each back then.  So if someone bought 100 of them for $100, well that means they have around $30000 they can cashout right now... is that correct or not?


So if i were to buy 10 bitconnect right now for $300 each.  Thats 3000 dollars.  Say it goes up to 500.  I could sell it for 2k profit or not?  Because even though its a ponzi, well you can get out still right as long as the ponzi still continues?  Im not sure if im phrasing it right but im sure you all know what i mean.

Some say that bitconnect is a scam coin, yes i totally agree with them this coin is full of HYIP. hyping players/investors to dive in their money here. you can profit from them yes but one day devs working on it will run after getting so much money from their investors

BitConnect has many similarities to a ponzi scheme. However it doesn't function like one and technically isn't one. This is because you invest in BCC tokens and they agree to pay you back NOTHING, but usually close to 1% per day, however they pay you in the value of the BCC token. This can go on FOREVER regardless if bitcoin or bitconnect coin goes up or down in value because of how it ultimately needs to be traded for BTC to cash out.

On top of that, if you look at the top holding addresses, which are the payout addresses, they have enough BCC coins to continue paying out for over 10 years with zero new investors.

This coin is a MLM company they use referral links to attract new investors, beware of this coin they might get a lot of money in the long run. they use bots but do they sustain it in the long run? i guess no.

Yes, you can just buy and sell the coin freely as you wish. 

Knowing this coin since it was under 100$ each and regret not buying it at that time. This type of coin is safer and more profitable to invest during ICO/ 1-2 months after that. Now it is almost at its peak, not a good time to invest.

BitConnect coin just like any other digital currency can be bought and sold online and offline, can be through sites that provide cryptocurrency trading market.probably not many who have it not bitcoin all lean against it

its a ponzi scheme, dont risk your money. u will regret it sooner or later

Beware of that shit,, I read a previous thread here in the forum and the OP inserted a link on his thread, the link was a news about the government of UK taking an action against the bitconnect ponzi scheme but the peoples especially the newbies are still supporting this ponzi scheme that's why it is still working.

I dont think people stop invest here. More new investors come here everyday and the old investors reinvest with their profit.

Bitconnect is a ponzi scheme,but a lot of people especially newbies are not aware of it more likely a networking company so stay awat from it.

I heard that Bcc is a ponzi scheme

It is indeed, so getting in and out at the right time are important. You can simply buy the coin during ICO and sell them after to make significant profit.

At times a silent raiser is ignored and found when booms up in the market.  I am one like you being in coinmarketcap.com watching out the trend of all coins.  Yes it's about to reach ETH value. Now it's at $287.35 where the ETH is at $361.33. The growth of ETH is bit lacking back compared to Bitconnect.  You can very well see the trend map in coinmarketcap.com. It would probably reach $1k by end of 2018. Hope so it may be bit earlier if a rocket jump occurs.

The UK govt DID NOT take action against them, that was a bogus article. Research it, I’m not wasting my time on it.

People saying it is a Ponzi scheme are not benefitting from the system. I put in $100 and made all that back in bitcoin in less than 2 months, now I’m at a zero loss and I’m going to see what happens from here. What the haters don’t realize is that the daily earned interest is based on the performance of BTC, the interest you earn daily is variable and is often 0%. Who knows what will happen to the platform in the future, if you go in with a no loss strategy, who cares.

Base on what I heard on this, bitconnect is giving a loan program were you as a borrower have 1% profit, according to my friends who's in there in bitconnect. But I told Him that, it was a ponzi scheme and advised Him to stay away from it.

It's pretty clear it's a ponzi scheme. 1% daily is impossible. Are there any informations according what they do with with the money that users "borrows" them?
The sad thing is Coinmarketcap advertise this crap. This is #1 tool and they just do a lot of damages to cryptocurrency world by advertising them...

I was invited by one of my friend to join their team.  He said bitconnect is a lending platform where you can invest your money and get profit from it.  It is an MLM and they get 5% for every referral.  I didn't invest though because there is no collateral for your investment if you lend it.  It is not safe to invest in their platform.

You dont need to heard. It is on their website clearly written for everyone. Even ponzi pyramid is drawn there. Problem is that people are like goldfish and have few seconds memory.

Bitconnect coin is pretty much taking the whole brand of Bitcoin and calling it their own with a different picture on it.

well it will be conclude whether this ponzi will work or be supported still its hard to invest with something that gives to much to be real those who invested first already gained a lot and for sure if there's no other support that followed it will collapse.

because no one is interested on ponzi scheme and scam coin like bitconnect in here. I've seen some thread about bitconnect but it just a newbie tried to promoting that ponzi scheme.
stay away from ponzi scheme, it's not good invest on platform like that.

Well if you bought it at 1 dollar and bought say 1000 of it... then notice it hit 300 dollars and then want to get rid of it, could you do this now or not?  So if someone did buy 1000 shares of bitconnect at 1 dollar... and kept it till now, could they sell that 1000 bitconnect and get 3 million dollars worth of bitcoin now?


Because if i buy that much bitconnect and then have that much now and now read its a ponzi, i would immediately cash everything out.  But the thing is can you do cash out now?  Or you mean if you wait long enough, they will not have the funds to pay you out?  Could you get paid now if you have bitcoin and want to get rid of 100 or 1000?  Would there be enough btc to pay you out?  Or you can't get paid out?

https://beta.companieshouse.gov.uk/company/10278342

https://i.imgur.com/ekjVyW8.jpg

Looks like Bitconnect & BitconnectX ISO will be dissolved and the deadline is supposed to be this month so I would think twice before investing in either coin people

Bitconnect is a platform where people can buy , sell and exchange bitconnect coin . People can invest their wealth in a non government controlled currency and earn interest on the investment . It is well known ponzi scheme in the crypto world .

Coinmarketcap is got corrupted long ago.

They can promote anything/anyone if you pay them enough. Stop using coinmarketcap.

Unless bitconnect is not scammers? Against them a collective complaint was filed and the value of their coin fell sharply. Soon all the lending projects will die)

i feel so sad for those people who invested money in this bitconnect, some of my problems put their savings with that system
told them before they did that, that this is not a good investment and yet they still continue and let their greed overcome their minds.

da da dun dun dun...another one bites the dust
and another one's gone...another one's gone...another one bites the dust...