What's going on is that Bitconnect is closing their lending platform permanently and releasing back their members startup capital but currently now, Bitconnect is worth just about $10 and that's shit. This is very bad especially for those that joined recently as they wouldn't have earned even half their money from the platform. I don't think Bitconnect would ever increase in value. There's so much panic in the market already and now this. Such a bad time
There are already signs all over the net that bitconnect is a scam but there are still so many people who joined the project because of the potential earnings. Yes they are paying before and it is expected that sooner or later they are going to close because they are having a ponzi scheme. Those who joined early were able to get their money back and a profit but for those who joined recently, they were not able to get their investment back. I even read that there are people who borrowed money just to invest on it and end up swimming in debt because of this. This would serve as a lesson and I hope others would learn from it.
