BitConnect - Is there any chance for BitConnect to fail?

[Ging]

i thnik bitconnect is yet too far from falling yet i think this alt has proven to be a strong so if you are investing i advice you to trade with it but if you still yet want to buy and you are looking to buy it so don't wait for it to fall too much.

[BTCMILLIONAIRE]

bitconnect will absolutely fail because it's model is mathematikally unsustainable.

for now everyone is happyin this ponzi sheme and don't expect authorities moving against them

I myself also do not understand with bitconnect, see their progress and goals, it seems this bitconect has no potential. and I think it's up to investors now, whether they are willing to contribute to bitconnect again or not.

It's more of a question about whether or not they want to play a ponzi game. BitConnect has nothing to do with investing.

[Mpamaegbu]

Some people say BitConnect is a scam some say it is legitimate, what do you think? I've read many articles about it and I still not understand how it actually works.

There is absolutely no chance for BitConnect not to fail.

Just do the Math.

If the interest that they promise was real, there would be more money in BitConnect than in the entire rest of the world in a very short time.

Oh yeah? Bitconnect can not sustain? Are you kidding me? When will everybody stop spreading this FUD about this coin. In case you didn't know, bitconnect is into lending and stalking and it celebrated its one year in office last month. It is not easy for that to happen. Even when that glitch happened on its site, bitconnect still held it down and came back strong. Look at electroneum and how they are still struggling battling a minor glitch. Whether anyone likes it in not bitconnect will continue to forge ahead.

[veliq]

I would be extremely careful with such projects as BitConnect. While there will be an influx of new funds, it will work when the inflow of new funds will be less than the requests for withdrawal, it will come to an end.

[Sanglotslongs2]

Don't fall for it. Ask you the right question. Why they are given you 1% interest per day, so 365% per year ? If they can make money as quick, why they need yours ? They can snowball with a bank debt. It's a scam, and it will fail a day. No ponzi last forever, since century this system exist, none of them live since.

[BTCMILLIONAIRE]

Some people say BitConnect is a scam some say it is legitimate, what do you think? I've read many articles about it and I still not understand how it actually works.

There is absolutely no chance for BitConnect not to fail.

Just do the Math.

If the interest that they promise was real, there would be more money in BitConnect than in the entire rest of the world in a very short time.

Oh yeah? Bitconnect can not sustain? Are you kidding me? When will everybody stop spreading this FUD about this coin. In case you didn't know, bitconnect is into lending and stalking and it celebrated its one year in office last month. It is not easy for that to happen. Even when that glitch happened on its site, bitconnect still held it down and came back strong. Look at electroneum and how they are still struggling battling a minor glitch. Whether anyone likes it in not bitconnect will continue to forge ahead.

Yes, it can not sustain, period.

Do the Math. It won't take 10 years before BitConnect will have more liabilities than there is money in the entire world with its promised interest rate and it will come down crashing well before that.

At 40% "risk free interest per month" (lol) BitConnect would grow from its current 635m to 36b in just 12 months, to 2t only 12 months later and to 115t another 12 months later.

4 years from now BCC would be at 6,6q and thus surpass the global derivative market 6 times over, which is already orders of magnitudes larger than the global money supply M2.

If you think this is sustainable you have just proven that you have absolutely no fucking idea how finance works.

[MiningSensei]

If this thread is serious, then let me tell you that all of these newbies that are saying that bitconnect is worth it, let me tell you that they all are lying, maybe they all are alt accounts because they dont want to risk their reputation just by saying that kind of crap.

How the hell do you think that a normal company who is worth more than billions of dollars is going to be able to pay out 1,4% a day of interest to all their investors? (Plus, compound)

It is impossible, and there is no way to see it happening, banks are usually giving around 3% a month (and that is about 2 days of interest with bitconnect)

It is going to fall soon, it is just matter of time until we are able to see that happening.

[vv181]

in my opinion, bitconnect had a great Ponzi scheme concept that will sustain in a long time prob 2 years from now, well I say it Ponzi scheme because from the bitconnect created until now, no one can able to prove the bitconnect volatility trading bot.

[QFT]

in my opinion, bitconnect had a great Ponzi scheme concept that will sustain in a long time prob 2 years from now, well I say it Ponzi scheme because from the bitconnect created until now, no one can able to prove the bitconnect volatility trading bot.

Seems if you would have bought and got in, in the beginning, you would be a whole lot richer now. I remember seeing it and letting it slide.

[BTCMILLIONAIRE]

If this thread is serious, then let me tell you that all of these newbies that are saying that bitconnect is worth it, let me tell you that they all are lying, maybe they all are alt accounts because they dont want to risk their reputation just by saying that kind of crap.

How the hell do you think that a normal company who is worth more than billions of dollars is going to be able to pay out 1,4% a day of interest to all their investors? (Plus, compound)

It is impossible, and there is no way to see it happening, banks are usually giving around 3% a month (and that is about 2 days of interest with bitconnect)

It is going to fall soon, it is just matter of time until we are able to see that happening.

Banks don't even give 2% per year. If banks gave 2% per month the stock market wouldn't exist.

[alani123]

Bitconnect is a hyip type scheme that has gotten big due to the cryptocureency growth over the last few months. It will crash and it's creators will ultimately run away with user funds. It's hot it always goes with such schemes. I challenge you to prove me wrong.

[Bolt Brownie]

i thnik bitconnect is yet too far from falling yet i think this alt has proven to be a strong so if you are investing i advice you to trade with it but if you still yet want to buy and you are looking to buy it so don't wait for it to fall too much.

I don't know how you can even say this. There is plenty of evidence that should alert you to stay away from bitconnect. Right now some of it's major promoters are cashing out (Trevon James, Sunny decree, cryptoNick, are just a few examples). Why are they doing this, have they stop believing in the project? I think the main reason for them to do this, is of course that they know this is just a ponzi scam, and since other users are realizing this as well, it's time to leave the boat before it sinks. This is just one of the reasons to stay away from this project right now, but even if you just look at what they are offering in their lending option, you should never get into it as well. What they offer is just impractical, and it's the same scheme as any Hyip out there.

[VarDiff]

The later you join the pyramid - the more likely that you pay interest to those who have already joined. The last joined usually lose.
Just keep that in your mind. You can make money if you will be fast enough.

[cobak pole]

but maybe that's true because I also participated in joining the bounty airdrop project but until now I still have not received the token. whereas I've fulfilled the load in that respect.

[vv181]

in my opinion, bitconnect had a great Ponzi scheme concept that will sustain in a long time prob 2 years from now, well I say it Ponzi scheme because from the bitconnect created until now, no one can able to prove the bitconnect volatility trading bot.

Seems if you would have bought and got in, in the beginning, you would be a whole lot richer now. I remember seeing it and letting it slide.

isn't it how all HYIP Ponzi scheme types of sites works, everyone who join earlier will get rich, but who late to join it will only have loss of money.

[Kyraishi]

Some people say BitConnect is a scam some say it is legitimate, what do you think? I've read many articles about it and I still not understand how it actually works.

It's definitely not legit. Anyone trying to convince you that Bitconnect is legit is trying to earn from you a portion of your investment because there are lucrative rewards involved with introducing new investors into this ponzi scheme.

And that's exactly what it is - a ponzi scheme.

If you don't understand how it actually works, it's probably fair to say that it is going to scam you. There is no way that the profits are going to keep rolling in.

[Acguy]

As long and new money keeps pumping into crypto bitconnect will continue to run.
Only a very thin line separates bitconnect and most alts.

[ufalo3]

BitConnect is probably one of these rare cryptocurrencies that almost never showed its decrease. It is very strange for me, and although I do hope it is not a ponzi project, its growth lets me thinking it looks like a fraud.

[SMB-2525]

According to CoinMarketcCap, bitconnect lost 70% of its market cap on November 3rd.
https://coinmarketcap.com/currencies/bitconnect/#charts

One point that occurs to me is that as long as BitConnect keeps all of the BTC invested as its "reserve" then the ponzi is sustainable for as long as bitcoin keeps increasing in value as it has.Notice that the value per BTC has essentially topped out and rolled over.

[rasho321]

when someone giving you a percentage return everyday,
you can tell them to fuck off,because most of them are scammer.
do you think they're a genie? so they can give us an exact number how much that we will get everyday?
i even encountered something like this and can be said as one of the victim.
so do not bother with it and try to find something else,because you can see a lot of project other than this one.
better safe than sorry my friend