Bitconnect

[chanc3r]

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?

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.

[Pixmartz]

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.

[Bytem3]

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/

[jerry0]

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? 

[cyptx51]

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)

[jerry0]

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.

[kingvirtus09]

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

[Avatarname]

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.

[splat44]

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.

[cyptx51]

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.

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

[Tony_Nguyen]

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?

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.

[shandi albert]

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

[Nuky1289]

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

[dharnamonitor]

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.

[StephenieDuong]

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

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

[jackolinyoko]

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.

[Doctor.Strange]

I heard that Bcc is a ponzi scheme

[Tony_Nguyen]

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.

[maarx]

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?

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.

[JTPhotography]

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.