Bitconnect Ponzi scheme...

[crshovrd41]

I had a lot of folks close to me get caught up in this scheme. There are so many of these operations that operate in this typically criminal scheme. Obviously, CC isn't regulated like the NASDAQ or NYSE markets. My question is, what does everyone think of these type of situations? This is much different than a bankrupt exchange stealing money, this seems like a pure Ponzi scheme.

Regards!

[1714068642]

1714068642

[1714068642]

1714068642

[qiman]

I did not invest in this PONZI although some have stated on Facebook that they returned everyone's money. How false or true is this I do not know and I would like to see here if any members of Bitconnect actually got paid back or is this a blatant lie to try to cover their back sides. I think it will be good if the crypto scene is rid of these scams so we can get back to serious price action in real projects that help to solve world wide problems of corruption and inefficiency in many market sectors.

[crshovrd41]

I did not invest in this PONZI although some have stated on Facebook that they returned everyone's money. How false or true is this I do not know and I would like to see here if any members of Bitconnect actually got paid back or is this a blatant lie to try to cover their back sides. I think it will be good if the crypto scene is rid of these scams so we can get back to serious price action in real projects that help to solve world wide problems of corruption and inefficiency in many market sectors.

I agree. I did have a few friends get some money back. Apparently they had a webinar today about what is happening with their dissolution and payouts. I do think they wanted to continue but it definitely was a Ponzi-esque scheme. Anytime you hear "we guarantee XX%" it's a Ponzi scheme...

I do believe trading bots hold a ton of potential, and I can see the allure of making tons of money off of them... but unfortunately this how the cookie crumbles sometimes!

[Strongkored]

From the first I thought this is Ponzi Scheme, but many people like to join Ponzi Scheme because they know will get much profit if join early, I feel sorry for people who is joined and get loss.
I never to join Ponzi Scheme, better for me to earn money from trading activities.

[akamit]

I had a lot of folks close to me get caught up in this scheme. There are so many of these operations that operate in this typically criminal scheme. Obviously, CC isn't regulated like the NASDAQ or NYSE markets. My question is, what does everyone think of these type of situations? This is much different than a bankrupt exchange stealing money, this seems like a pure Ponzi scheme.

Regards!

If you participate in Ponzi Schemes than its pretty much sure that you are gambling out your money. I have always considered Ponzi Schemes as Gambling.
It is because that we know sooner or later the program will shut down and run away with our money. There is no guaranteed return on investments on daily basis.
Those who participates, they know the risks involve in it. Still they participates to earn some quick money. But later they gets busted and complains meaninglessly.

Bitconnect is not different than other ponzi schemes.

Anytime you hear "we guarantee XX%" it's a Ponzi scheme...

This is not fully correct. If you had said "guaranteed XX% daily" than it would be correct.
And also people should know how the X company generates revenues to pay back later to their investors. This is very important and people should understand before investing.


But the biggest solution for all about this is to ignore Ponzi Schemes. A SIMPLE SOLUTION!

[serjent05]

I had a lot of folks close to me get caught up in this scheme. There are so many of these operations that operate in this typically criminal scheme. Obviously, CC isn't regulated like the NASDAQ or NYSE markets. My question is, what does everyone think of these type of situations? This is much different than a bankrupt exchange stealing money, this seems like a pure Ponzi scheme.

Regards!

There had been alot of warning regarding the scheme played by Bitconnect.  I had seen them on facebook group but these people keep on trash talking the one who are concern and exposed that Ponzi Scheme of Bitconnect. Since there is already an order of closure, i believe many investors were caught in this shutdown.  Though I am not sure if the company give back the money invested by these poor victims or probably thay are just announcing it but will continue to operate in secret.  

[coinadon]

from the beginning I really did not like what it was called ponzi, although the first generation of them show off the result.

because it always bad for those who join after them.
what happened to bitconnect now is a bad thing for some of my hypnotized friends to follow their program.

there are losers
$ 50,000 to $ 100,000.
I am very sorry to see their fate now.

[piloder]

I have never invested in bitconnect like ponzis. Have seen many types of hyip/ponzi running away before too and bitconnect is also a type of hyip with unstable business model.

There is no any way to catch owners of those ponzis specially when they are only taking cryptocurrencies for deposits. Bitconnect make an exit scam claiming their operation were shut down by government lol

[enawati]

Landing program of Bitconnect is true just use ponzi scheme and ponzi scheme just made loses for new member. Cryptocurrency indeed does not have regulation so that why many people can doing fraud. But actually make investment in any kind of cryptocurrency is the same level of risk because the price so high fluktuasion.

[BitcoinMETiS]

immediately it was clear that this project - scam

[adaseb]

Basically the amount of evidence presented and the amount of warnings expressed towards BCC should of been clear its a scam.

Look at the main posters trust

https://bitcointalk.org/index.php?action=trust;u=919758

Basically everybody was warned back in Feb 2nd 2017 and again on July 24th its a scam.

Also 2 months ago Ethereum founder vbuterin also said it was definately a ponzi.

Hence the writing was on the wall the entire time.

[Gabz999]

I'm glad that I've never invested in this coin. At first I thought this is a good thing, ROI really back in early and almost without working for it. After a lot of research I have done on this forum I realize that this shit will just steal our money.
Now that they are down, people should believe that all lending platform will just get you money.

[man22555]

Glad to give you some answers to your questions. I was a BCC Investor (only some hundred bucks so nothing to whine about).

1) Was it a ponzi?

This is not confirmed. BCC had to shut their services down because they didn't register their company in Texas as they would have to. Additionally, their services were intransparent for everyone and they couldn't occupy what they were actually doing.

2) Did they return Investments to user?

Yes and no. They were forced to do so but at the same time had to shut their exchange down. They returned all investments in BCC - of course the coin immediately got dumped to almost zero value.

And guys, let's be realistic for a second. BCC ran for over a year and has so far paid every single user. If you invested, you could have your money back after about 10 weeks. So basically, one could say it's just a project that failed after a year (like many others where people don't scream "ponzi!").

BTW have a look at POSToken lending platform ERC20 based token with low marketcap and some hype.  

[reflector]

I'm glad that I've never invested in this coin. At first I thought this is a good thing, ROI really back in early and almost without working for it. After a lot of research I have done on this forum I realize that this shit will just steal our money.
Now that they are down, people should believe that all lending platform will just get you money.

There are many people invested on the bitconnect projects and altcoin. In trading itself they use to mail all the signed up users of wallet using the Google searches with the e-mail you do have on that.
Please do not invest on bitconnect when the value of this increase or its all the projects as well.
I have noticed many reporting that bitconnect is scamming the investors who put the fund on them. So ignore them completely till they goes to shit value.

[ducphucmmo]

Ponzi programs always contain risks for investors, so I never participate in these programs.

Bitconnect is a fairly recent Ponzi program, and it has been accused of Ponzi and has been suspended from Lending.

[TheUltraElite]

Ponzi programs always contain risks for investors, so I never participate in these programs.

Good thinking but you know something? I have seen people spamming the social media about these few MLM schemes. The only people who make money for it are the owner (scammers) and the ones getting so many referrals under them. Honestly the youtubers who pumped this coin got a good return because of their refs. Seems Ironic and sarcastic at the same time but its how things are - no denying it.

Bitconnect is a fairly recent Ponzi program, and it has been accused of Ponzi and has been suspended from Lending.

Its has been here for a year approximately? And yes newbies who dont do research on their investments are going to fall for them. Also those lending and all are bullshit crap to draw attention.

[trecore4]

I knew it since the fork time that this is going to be big time scam. Here we are now, stole everyone's moneybwho was into it and invested much higher than they could afford. This is not it, they even published their shutting off officially to show that they are not scam or Ponzi schemes as we thinking it right now. But everyone know what really happened with them.

I always think, bitcoin is original stuff and anything coming out of this is just crap which don't last for longer periods than we think. They just come and play with us and get the money out of noob investors. Hope this is lesson for everyone now.

[eagleman]

Ponzi programs always contain risks for investors, so I never participate in these programs.

It's a big risk and it will turn to scam in the future so don't invest on it and with Bitconnect, I would say no and with any other ponzi scheme's.

Bitconnect is a fairly recent Ponzi program, and it has been accused of Ponzi and has been suspended from Lending.

Recent? No, since before it's already proven that it's a ponzi scam.

[Asyifiah]

I know bitconect 16 month ago but I try to buy just 10 BCC  ( $15 ) And than Iam to try landing.
but I have get my money 4 month $ 100 more , and Iam so confuse where I get it ?
I don't take it for withdraw , because it is not my live style on crypto.

[coinadon]

Basically the amount of evidence presented and the amount of warnings expressed towards BCC should of been clear its a scam.

Look at the main posters trust

https://bitcointalk.org/index.php?action=trust;u=919758

Basically everybody was warned back in Feb 2nd 2017 and again on July 24th its a scam.

Also 2 months ago Ethereum founder vbuterin also said it was definately a ponzi.

Hence the writing was on the wall the entire time.

right, I often see twitter updates from vitalik bufferin about ponzi scheme from bitconnect.
but other users only think of the easy gains they get without thinking about potential losses behind them.

I think ico products with lending offer that crowded out after bitconnect is the same thing.
What do you think?