Bitconnect Ponzi scheme...

[TorbiK]

Very sorry. But this is a real lie. BitConnect simply took money from trusted people. I Hate schemes Ponzi. A lot of people suffered from this dishonest business.

[cheezcarls]

Good thing that I didn't fall into this trap. Although it's a good thing for early investors and whales who are cashing in and cashing out early of their profits. However, for those of you who are holding on till the very end, it'll be a painful lesson for you.

I have a video about "Bitdisconnect". and you can watch it here about what I have to say about them and "making fun: of them a bit: https://www.youtube.com/watch?v=jVf4XdkVA4M

When it comes to lending programs, invest what you can afford to lose. Give it at least 5 to 6 months before cashing out your money and let the rest figure out how they can cash out after that program receives cease and desist letters like Bitconnect does.

Expect other lending programs (DavorCoin, Areszcoin, UCoinCash, Regalcoin, etc.) are built not to last. My advice is that you should cash out early before they receive a very bad news.

[Flodner]

I also knew people who invested into Bitconnect, and they acknowledged that's it's Ponzi scheme, Pyramid, but hoped to cash out before it fells downs.
I didn't follow recent Bitcoinnect news, so it's over for sure or might restore?
In general I think such things harm cryptocurrency world, as some people consider them as cryptocurrencies (i.e. Bitcoinnect is listed on Coinmarketcap) and transfer then negative attitude towards all cryptos.

[pratik009]

My many friends invester into the bitconnect.they always told me to invest into the bitconnct but I never did it. i asked my all friends about their investment and they all told me that they give their investment back into the BCC coin.they said that BCC just shutdown it's site but they can trade BCC on many of exchanges.And now the price of BCC also increasing so i think we still can't say that bitconnct was ponzi skim.

[vinbentrob]

It surprising to see that people always fall for ponzi over again and again.  There is something about human greed that will never resist easy money!  One must knows these scheme and avoid them at all cost!

[marlboroza]

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!

Click here https://bitcointalk.org/index.php?action=trust;u=919758
Do you see that little red "DO NOT INVEST" warning written by cryptodevil? A year old warning?
Followed by new 6 months old "Ponzi scam" negative rating.
I guess some people really need to lose money to believe trust ratings.

[CryptoPushkin]

Sooner or later everybody gets caught in some Ponzi scheme - no matter how many people try to warn him. It happened the inevitable.

[karungbitcoin]

I bought this coin when the price $50 but when i know the price of Regalcoin drop alot, so i decided to sell all my Bitconnect coin. All lending coin only use ponzi scheme to pay profit of lending program, and finally they will scam. To many fraud in cryptocurrency market and could be regulation will help this situation.

[ApocalypseNow]

BITCONNEEEEECCCTT!!!! They were warned many times and the masterminds like Trevon James, CryptoNick, RYan Hildreth and Craig Grant should be blamed for all thousands that get scammed because they made bitconnect more famous and mislead/trick people that they'll get easily rich with these lending coins.

[ralle14]

I didn't follow recent Bitcoinnect news, so it's over for sure or might restore?

It's already over the lending service is closed the exchanges and wallet remains from the site. They're having an ICO with their new coin called bitconnect X and they accept bcc to make the price of the coin less worthless but I don't think it'll help get the price back to where it was before. The news about bitconnect can be easily found online.

[aardvark15]

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!

The funny thing is I had recently started thinking about putting money into Bitconnect after watching a YouTube video where someone explained that you get interest just from storing coins there. I thought this could be something worth doing. I’m glad I didn’t invest. I am very cautious these days after losing money on the Cryptsy exchange a couple of years ago.

[jorinu]

Century fraud has occurred on bitcoinet. Most of the coin lending, after a period of interest, will cheat and disappear, making investors lose money.

[LogitechMouse]

From the start, many know already that bitconnect is a ponzi scheme but we can't do anything for those people who invested there for the sake of profit. Now they will blame themselves for investing in this shitcoin. Many had said that this is ponzi scheme already from the start.

[arwin100]

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!

The funny thing is I had recently started thinking about putting money into Bitconnect after watching a YouTube video where someone explained that you get interest just from storing coins there. I thought this could be something worth doing. I’m glad I didn’t invest. I am very cautious these days after losing money on the Cryptsy exchange a couple of years ago.

That was close for you since if you push to put some money their you will surely be one of those crying babies who shout for their floating money of bitconnect lending disappearance and you can call them done since if you look the current volume of their coin you will see that their volume is slowly draining, maybe it is the dev of bitconnect doings that why we can see it slowly dying.

[vinbentrob]

Bitconnect saga is not over yet.  I think they are planning serious come back as we know cryptocurrency,  failure is not permanent neither success.

[arwin100]

Bitconnect saga is not over yet.  I think they are planning serious come back as we know cryptocurrency,  failure is not permanent neither success.

If there's a refund happening on their side well I believe that they will do a serious planning of their business and this Ponzi scamming is not hook by failures of cryptocurrency since this happening of bitconnect events are done by the dev itself. Try to look on what's happening of their coin it is slowly dying and do you think people would love to see that? I think no since the real scenario will be happen for now is they will throw out their BCC hodl.

[johanesrobin]

From the start, many know already that bitconnect is a ponzi scheme but we can't do anything for those people who invested there for the sake of profit. Now they will blame themselves for investing in this shitcoin. Many had said that this is ponzi scheme already from the start.

Everyone blind with his dream, the desire to earn money the easy way is a bad culture. I feel that everybody wants money and they forget the risks.
Everyone wants to get rich instantly and this is the biggest mistake.

[Sir Cross]

From the start, many know already that bitconnect is a ponzi scheme but we can't do anything for those people who invested there for the sake of profit. Now they will blame themselves for investing in this shitcoin. Many had said that this is ponzi scheme already from the start.

Everyone blind with his dream, the desire to earn money the easy way is a bad culture. I feel that everybody wants money and they forget the risks.
Everyone wants to get rich instantly and this is the biggest mistake.

I think that many were fooled because they were unaware that it is a Ponzi scheme. The thing about Ponzi schemes is that it doesn't even look like a scam in the first place. Also, the promise of great profits and returns has blinded people from seeing how risky it is. Red flags such as the guarantee of large returns should be looked out for before making any investment.

I really feel bad for the people who were victims of this scam, and I hope that they get compensated in some way. There's no authority available yet in order to have some remedy for situations like these.

[Rajatruck]

when the authorities regulate the markets, they will go and see what has happened and some will fall down.

[DanWagner]

From the start, many know already that bitconnect is a ponzi scheme but we can't do anything for those people who invested there for the sake of profit. Now they will blame themselves for investing in this shitcoin. Many had said that this is ponzi scheme already from the start.

Everyone blind with his dream, the desire to earn money the easy way is a bad culture. I feel that everybody wants money and they forget the risks.
Everyone wants to get rich instantly and this is the biggest mistake.

I think that many were fooled because they were unaware that it is a Ponzi scheme. The thing about Ponzi schemes is that it doesn't even look like a scam in the first place. Also, the promise of great profits and returns has blinded people from seeing how risky it is. Red flags such as the guarantee of large returns should be looked out for before making any investment.

I really feel bad for the people who were victims of this scam, and I hope that they get compensated in some way. There's no authority available yet in order to have some remedy for situations like these.

Well the difference now is if you did a quick google search on bitconnect you would have seen countless of warnings that it was a scam. Or people were to lazy to do some decent research or they ignored every red flag around the project.