Events like Bitconnect will bring negative trust in Crypto community ?

[ronypro]

The lending programme  Bitconnect which I previously predicted Ponzi, turned out to be true today.
I personally invested 0 USD in this platform after 3 months of my research.
But newcomers in crypto space doesn't have so much time like me and decide by their own eventually, thousands of people lost 10s of thousands of dollars today, with Bitconnect.
What will you advise for them?
How can we all make this crypto community better?

I personally think scams like bitconnect event will bring negative trust in crypto space for a short time at least for this jan.

[shulio]

The effect will be limited, after Bitcoin price starts to climb, it will be forgotten again. People will learn to manage their money with these scam failures.

[avikz]

Bitconnect was always a ponzi scheme coupled with a crypto concept. Any program that offers a monthly/weekly returns on your investment, is actually a ponzi scheme and everyone should stay away from them as much as possible. But bitconnect initially gained success because they combined both the concept of ponzi and crypto currency. However, a lot of people including me, do not support ponzis in the crypto space. So I don't think the bitconnect matter will have any impact on the crypto market. The market is currently facing a global meltdown and majority of the currencies are down by more than 20%, which gives investors a massive opportunity to score more coins. The prices will go up eventually but it may just take more time than normal. But impact due to bitconnect meltdown, is just not an option. 

[Alex_nutis]

The lending programme  Bitconnect which I previously predicted Ponzi, turned out to be true today.
I personally invested 0 USD in this platform after 3 months of my research.
But newcomers in crypto space doesn't have so much time like me and decide by their own eventually, thousands of people lost 10s of thousands of dollars today, with Bitconnect.
What will you advise for them?
How can we all make this crypto community better?

I personally think scams like bitconnect event will bring negative trust in crypto space for a short time at least for this jan.

I think that people need to be smarter and not even a single cent should invest in lending coins. Everyone is chasing super profits. Here then, this happens and investors start to go crazy. The worst thing is that many who have lost it do not learn, they are looking for other projects.

[The_prodigy]

The lending programme  Bitconnect which I previously predicted Ponzi, turned out to be true today.
I personally invested 0 USD in this platform after 3 months of my research.
But newcomers in crypto space doesn't have so much time like me and decide by their own eventually, thousands of people lost 10s of thousands of dollars today, with Bitconnect.
What will you advise for them?
How can we all make this crypto community better?

I personally think scams like bitconnect event will bring negative trust in crypto space for a short time at least for this jan.

I think we cannot stop all those people who would want to take advantage of the bitcoin and prey onnew users and some into veterans as well. However, we cna make our community great again by encouraging others to post more active content, to do not be afraid to ask how real or unreal an event is. The more that it is too good to be true the more likely it is a scheme and scam

[kiver]

Alot of incident happened in crypto world before from nigative attack to hacked exchanges to failed projects or scam projects but all of these issues doesnt affect the fact that crypto currencies technology is outstanding and could change the entire world financial system for the best and i have it will this system needs a little improvment but it will take somtime to get there....

[olubams]

The lending programme  Bitconnect which I previously predicted Ponzi, turned out to be true today.
I personally invested 0 USD in this platform after 3 months of my research.
But newcomers in crypto space doesn't have so much time like me and decide by their own eventually, thousands of people lost 10s of thousands of dollars today, with Bitconnect.
What will you advise for them?
How can we all make this crypto community better?

I personally think scams like bitconnect event will bring negative trust in crypto space for a short time at least for this jan.

The effect will actually be felt by those who invested in it. Just like some months ago, when I was introduced to it, a lot of readings were made about it and every of those comments were negative concerning it with that, anybody who valued his/her resources will know that is not the right place to put your hard earned resources.

[pucunghul]

I have read many articles about Bitconnect that lead to the ponzi scheme. and you make a post like this, the more I believe that Bitconnect is a scam scheme. you should avoid and try to release Bitconnect involvement

[icanscript]

Similar events have been and are in all markets, not only crypto currency. But people have not stopped using cash or buying tulips.Many critics have repeatedly called BitConnect a Ponzi scheme. Despite these warnings, BitConnect continued to pick up momentum.Unfortunately, none of these warning signals seemed to have instilled a sense of doubt in the minds of the numerous investors.Ignoring the fraudulent tactics that made BitConnect the behemoth that it was is tantamount to risking falling victim to the same scheme again – and we should do our best to avoid such traps.
So instead of writing it off, BitConnect must live on as a cautionary tale to every cryptocurrency rookie placing all of their eggs in a bottomless basket.

[krishnapramod]

It was quite evident from the beginning that Bitconnect's business model wasn't sustainable, would collapse sooner or later, and it happened. People who invest into crypto MLM schemes run by centralized organizations do it more out of greed/get-rich-quick, trust is secondary. I don't think it would have any substantial impact on the crypto community. Not sure whether events like this would route out or lessen ponzi schemes from cryptosphere, not likely to happen, there would be another BCC, fervent followers pumping it on social media, a bunch of newbie investors.

[Denker]

The lending programme  Bitconnect which I previously predicted Ponzi, turned out to be true today.
I personally invested 0 USD in this platform after 3 months of my research.
But newcomers in crypto space doesn't have so much time like me and decide by their own eventually, thousands of people lost 10s of thousands of dollars today, with Bitconnect.
What will you advise for them?
How can we all make this crypto community better?

I personally think scams like bitconnect event will bring negative trust in crypto space for a short time at least for this jan.

Scams. Ponzi Schemes etc. exist in every market and industry!
Bitconnect wasn't the first one!
The list is very very long and people who invest in such stupids things, mostly because of greed I'd guess, well they kind of deserve it.
So many youtuber, twitter celebs, here in the forum, reddit etc. warned about Bitconnect.
People can not say they had no clue.
Do some research before throughing your money somewhere into.

[FryptoGal]

This is a perfect illustration of why you should always DYOR.
All the buzz around BCC will eventually calm down and crypto community will move on to other news. For instance, all YouTubers that pumped BitConnect have all removed their videos and are now clear, but those who put their money in BCC feel the real effect.
So the most obvious advice to the newcomers is to always research before investing even $0.01.
Scams had happened before and will happen after the BCC, and if something sounds too good to be true you better avoid it.

[ingo49]

The lending programme  Bitconnect which I previously predicted Ponzi, turned out to be true today.
I personally invested 0 USD in this platform after 3 months of my research.
But newcomers in crypto space doesn't have so much time like me and decide by their own eventually, thousands of people lost 10s of thousands of dollars today, with Bitconnect.
What will you advise for them?
How can we all make this crypto community better?

I personally think scams like these will bring negative trust in crypto space for a short time at least for this jan.

You right!!.
things like these is what makes people lose faith and think that everything is bad.

[Lucius]

Anyone who has invested money in something like this obviously had no idea how these things works.When someone promises 120% per year on your investment this can not be true,but lack of knowledge and desire for quick success always create such situations.

Unfortunately this is not the first time,and certainly not the last time that people losing money in such shady business.Yet all who are affected by this have learned something,there is no easy and quick money on internet and 9 of 10 projects are likely to be SCAM.

This will have some negative impact to crypto community,but not for long term-life goes on.

[joe1823]

Common guys the ponzi was sooooooo obvious... Bitconneeeeeeeect!!!!
When will people start learning... never.

[P2Pfinder]

I figth a long time against Bitconnect! I replied to each post made from their promoter, and i reported some of them to admin. The end, as predicted was obvious.
I bet that they are ready to restart under another name, for scam other people.

[Roukawa]

The lending programme  Bitconnect which I previously predicted Ponzi, turned out to be true today.
I personally invested 0 USD in this platform after 3 months of my research.
But newcomers in crypto space doesn't have so much time like me and decide by their own eventually, thousands of people lost 10s of thousands of dollars today, with Bitconnect.
What will you advise for them?
How can we all make this crypto community better?

I personally think scams like bitconnect event will bring negative trust in crypto space for a short time at least for this jan.

All of here are taking risk in order to gain profits. When I came here, I expected that a lot of ICO will not be successful and there are ponzi like bitconnect. We should anticipate that everything in cryptocurrency are bubble but we must have faith and hope that we will success by the help of cryptocurrency.

[shannen8]

Yes it may affect the trust but we can learn from it. How many months passed it will be forgotten and people will learn the things they must do to avoid scammers.

[12tribes]

Would you think or consider the forex or stock market a scam because they lost money on the floor. Its unfortunate what has happened to BCC but you must know that only risk takers win.

[tomahawk9]

Not really. Bitconnect has been to know to be a ponzi scheme for quite some time now, and it didn't affect the crypto community or cryptocurrencies in general. Actually, the crypto community has been very vocal and very active about letting people know that Bitconnect was a ponzi scheme.
Now this is only the beginning, there are still a lot more ponzi schemes and scamcoins in the market, it's a matter of time before they also get exposed.