Bitconnect likely to be a ponzi

[Asyifiah]

Lending bitconect likely ponzy scam but bitconect its real cryptocurrency .
I never buy or play bitconect .

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[creative~mind]

So, it's some kind of decentralized lending platform? How can this work without people giving real world identities?

[nrd525]

Somz1 if you believe it isn't a ponzi, you should take my escrowed bet at fairlay.  50/50 odds, double your money if Bitconnect Coin stays above $5 on May 1, 2018.  That is right. I'm predicting a 95% crash in the price - which would be extremely unlikely, unless it was a ponzi.

https://old.fairlay.com/market/bitconnect-coin-below-5-on-may-1-2018-2/

[BitcoinExpart]

I've followed Bitconnect since their early days & not once did I doubt them being a Ponzi scheme, the lending does seem fishy but one can't just factor that in and call it a Ponzi.
Its an exchange for Bitcoin trading and the price of bcc is always related to ups and downs of Bitcoin prices

BitConnect likely ponzi scheme as the model and features indicate that. I would be very happy to see BitConnect going to ponzi. I guess, people will lose so much money when it will crash. My experience, It is a really nice example of a ponzi scheme.

[CoinHeavy]

Do any instruments exist at present by which one could short Bitconnect?

[nrd525]

Escrowed bets. But you need to find someone to take the opposite side.  You can try indirect methods like shorting Bitcoin - but there are too many factors at play for BitConnect to be dominate.

[bonusdeposit]

I had this doubt since they began, and time after time i think i'm right.

If that what keeps you from investing then you have something to cry now if you bought it in their ico you would have a huge profit but now you have yourself to blame nobody can argue with success,they will soon enter the top ten in the coinmarketcap .

It's growth fast and bigger for my country.

[illiki23]

I think the correct wording would be 'is' rather than 'likely to be'.

Of course it is a Ponzi.  Like every single HYIP program.  Some of them run for years but eventually come crashing down because that is what happens with Ponzis.

Now if you like to gamble you can make money if you get in and out early.  Of course if you knowingly do this and get away you have just helped rob people..

[micloop]

I think the same, illiki23.
If you get in and out early, basically you just helped rob people. Sayed everything!
Ponzi schemes stir human avarice and values.
I guess high rate payouts like at BCC can't be real, unless it would be a ponzi scheme.

[JoseAbel]

I'm going to invest $100 dollars  in bitconnect since I don't think is a ponzi scheme and the ones who think so also believe all the cryptos are ponzi scheme.....

Bitcoin had a growth of 1000% this year, and the world domination is the limit, so everybody understand that bitcoin can keep growing then why is so difficult to understand that the others cryptos can growth too by investing on bitcoin's growth, in the case of bitconnect why not understanding that the lending platform can give you a daily return better than the interest generates by having $100 on a bank, just because the bots bets on the growth of the others cryptos....

The only thing that can stop bitconnect lending platform is the stopping of the whole cryptocurrency market, so by these logic everybody holding any crypto is in dangerous waters.

[taibas]

Probably Bitconnect is like a pyramid. Maybe it will collapse. But today it does not prevent me from making a profit.  Let's see what will happen next.

[CharlieCox]

Maybe it will collapse. But today it does not prevent me from making a profit.

Hope you have made a nice profit 

[jeffryluna]

Please join me in reporting the Youtube videos of scammers that are promoting this ponzi.  I bet if several people do it we could bring down the Youtube videos and cause the ponzi to collapse, saving would-be victims millions of dollars.

Now that they are closed, I wonder how many of their newly fooled acquired members lost their entire savings, because of these false advertisements who only drives greediness and blind investing. It’s a sad thing to happen in the crypto space.

[CharlieCox]

[timerland]

Probably Bitconnect is like a pyramid. Maybe it will collapse. But today it does not prevent me from making a profit.  Let's see what will happen next.

If you suspect that it's a pyramid(and it is, obviously), then don't invest. Because once you're in the scheme even the profits you make you will simply reinvest. Or you may get greedy and try to get referrals, which will lead to more people losing money. You're wasting your time and money, as well as others.

I'm going to invest $100 dollars  in bitconnect since I don't think is a ponzi scheme and the ones who think so also believe all the cryptos are ponzi scheme.....

Bitcoin had a growth of 1000% this year, and the world domination is the limit, so everybody understand that bitcoin can keep growing then why is so difficult to understand that the others cryptos can growth too by investing on bitcoin's growth, in the case of bitconnect why not understanding that the lending platform can give you a daily return better than the interest generates by having $100 on a bank, just because the bots bets on the growth of the others cryptos....

The only thing that can stop bitconnect lending platform is the stopping of the whole cryptocurrency market, so by these logic everybody holding any crypto is in dangerous waters.

Nobody here said that all cryptos are ponzis.

There is a difference between bitconnect and bitcoin. Bitcoin does not promise returns. Bitconnect does, and promises exponential returns that are far beyond realistic. Your logic is flawed, it's like saying to stop online HYIPs you have to stop the entire internet.

No. It does not work like that. Bitconnect is ponzi, bitcoin isn't. Simple as that.

[Barcode_]

I have read quite a lot of news about this site Bitconnect and it seems that this lending and exchange platform on their site looks most likely to be a ponzi scheme at the moment, the site admin doesn't allow their users to exchange the BCC tokens back into bitcoins is an action of taking their money away, and it seems that a lot of users on their site are being affected with this action.

[chuckblocker]

https://www.youtube.com/watch?v=YagUXXtyFn4

[SyGambler]

https://www.youtube.com/watch?v=YagUXXtyFn4

this is crazy , seriously people throw such amounts on sites without even researching !?!?!
IDK how these supposedly adults believed that BS , I mean how on earth a 30,000$ investment can bring you money passively more than what most doctors make !!
I'm hoping that these people learned their lesson cause there is no way in getting the money back

[johanesrobin]

Lending bitconect likely ponzy scam but bitconect its real cryptocurrency .
I never buy or play bitconect .

There are so many ponzi victims, and they always dream of getting rich instantly. Bitconect has succeeded in making people desperate and bankrupt.
I have been away from ponzi and there is no hope of mourning. hopefully everyone realizes that ponzi is a coffin.

[bittraffic]

Update:
Our BitConnect cryptocurrency will be removed from all exchanges on March 19, 2018.
Therefore, we offer an opportunity for our members.
You can exchange your BCC tokens at the current rate of $142.47 USD per token.
Only until March 19, 2018.
From that day, the currency will no longer have any value and will stop circulating.
Follow the instructions in the following article:
http://telegra.ph/GUIDE-TO-RECOVER-THE-INVESTMENT-FOR-THE-BITCONNECT-BCC-CRYPTOCURRENCY-02-26

You can check future updates through the BitConnect twitter.
https://twitter.com/BitConnectUK

For technical problems related to the synchronization of your wallet, you should contact us by email by writing to support@bitconnect.co or visiting our website www.bitconnect.co

I highly doubt they would really be buying back those tokens, but you guys should give it a try. If you can sell back at least 300 tokens of yours that is something of an amount still, will there be a catch to this offer? Most probably.

Those who didn't listen to early warnings of them being scam might not wanna be in crypto anymore.
A local friend that isn't in this forum hasn't dumped but had bought about 300 coins while the price at $200. I told her to sign up here and check what people are telling about bitconnect but she's what she is.