Bitconnect Ponzi scheme...

[gabmen]

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.

Right. From the very beginning it has ponzi smeared all over it already. Though of course those that entered early probably were able to make profit, given that they were wise enough to exit with their profits. And here. Comes the bitconnectx ico lol. Who would seriously consider investing there again

[kateryana81]

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!

Actually it was not a ponzi scheme and also payed a lot for investing in their platform but due to the ddos attack and the pressure from government of certain countries, bitconnect had to close its lending and exchange platform. It was not actually wrong from the side of bitconnect and also they returned the amount invested with their BCC coin at a rate above 350$ but the price for that coin was immediately dropped to 18-20$ which actually gave a huge loss for all the panic sellers. Holding that BCC coin will also be profitable for long term because the price for BCC will surely pump back to normal.

[crisanto01]

I have a friend as well who invested in this kind of Ponzi Scheme despite of my warning about this they still take the risk and now regretting that they did not listen to me and regretting they have invested in it. Some would really take a risk in a different way just like this one, they wanted to have an easy  money so that they can achieve their desired dreams in earning, well marked this a lesson for everyone.

[Osarman]

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

Even i feel so because already they returned the amount invested in their platform with the help of BCC coin. Everyone who got the coin sold the coin immediately and because of that the price for that coin came much down i guess but bitconnect will surely come back as failure is the first step of sucess. If bitconnect wanted to do a exit scam then they would have never returned the coin but even with their upcoming ICO i.e bitconnect thy can start some good lending platform again.

Hope bitconnect comes back as already a huge number of bitconnect lending platform users are holding their coins to expect a good price of the BCC coin again.

[qiwoman2]

Some people are still very obsessed with Bitconnect, mainly because of the referral program.  had so many people spam me their link on Facebook, which s one reason I avoided it with a barge poll. If people got their money back good luck to them, as I hope no one lost out but to be honest, it can never come back and be as it was and many people warned of the ponzi like element attached to Bitconnect as a whole. I hope members here didn't lose any money in it.

[Wearechampion]

Hey guys,

Obviously some of my folks have already got their money and luckily that I told them not to reinvest as they did like to earn more from this scheme then suddenly they fell off last week which made people realize this is purely Ponzi scheme.
The point is why it just has problems in Texas and North Carolina but not other states in the U.S?
I have refer this forum to people who would like to learn more about cryptocurrency. And it seems that BCC scheme is aiming at people who do not know much about English to discover information of blockchain and other kinds of cryptocurrency which do have more practical application in life.
I think it's good to have moderator of every languages to run this forum for people around the world to have more opportunities of learning about this sound-like-new innovation.

[Flodner]

I asked my friend who was in Bitcoinnect, and he managed to sell everything, but it took time, and more or less he came out without a minus, so with a smaller minus.
Apart from the fact some people lost money, others lost time. It would be much better to invest in crypto you like, or in some ICO (if you liked the project), or just keep your funds in BTC.

[HuyNgu99]

Whatever the ponzi or what, we also admit that they have tried to build a lending platform with the powerful development of the Bitconnect community for more than a year. 

[achsan fauzy]

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.

same with you, I think many have already known that bitconnect using a ponzi scheme, but they still do both. and I think they are interested with bot system of trading, which is owned by bitconnect.

[seramania]

True, Bitconnect Is A Ponzi Scheme! However, It's proved many times, referral system will be leading to the scam. Unfortunately, like so many people were excited about the program as manipulated by others. So beginning I've been also told them continuously it's a Ponzi scheme. Finally, I guess they have to learn it the hard way and myself also.

with the bitconnect as ponzi coins we must be more careful in choosing the coins in the future so as not to get ponzi. bitconnect already shows signs of being a ponzi coin when some time previously seen a suspicious movement. so we should be wary of ponzi coins.

[cluit]

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.

Right. From the very beginning it has ponzi smeared all over it already. Though of course those that entered early probably were able to make profit, given that they were wise enough to exit with their profits. And here. Comes the bitconnectx ico lol. Who would seriously consider investing there again

Before the news from bitconnect about closing the lending and exchange platform, the bitconnectx ICO was highly considered by everyone but now due to the closing of bitconnect lending platform, everyone is trying to skip that. Also the early ones have a good profit always because the wise entry and exit gives them a huge profit.

In bitconnect lending platform the invested money was been locked for atleast 8 months and the ones who removed their capital in 8 months along with their profits were the luckiest ones because bitconnect was really a great lending platform with really good interest rates.

[bitgolden]

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.

Actually there are several news about several project claiming that they are scam but for us, it is hard to trust each review and check whether it is genuine or not. Actually bitconnect was really offering high interest rate which indeed drew the attention of several investors and also several investors invested into the project in huge amounts.

But even now the investors did not had a complete loss because bitconnect returned the coins invested in their platform and the price for that coin can surely rise up again. Also perhaps bitconnectx can start some good other platform which will lead all the users to gain attention towards their project again and the coin will eventually start rising up again.

[avp2306]

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.

Actually there are several news about several project claiming that they are scam but for us, it is hard to trust each review and check whether it is genuine or not. Actually bitconnect was really offering high interest rate which indeed drew the attention of several investors and also several investors invested into the project in huge amounts.

But even now the investors did not had a complete loss because bitconnect returned the coins invested in their platform and the price for that coin can surely rise up again. Also perhaps bitconnectx can start some good other platform which will lead all the users to gain attention towards their project again and the coin will eventually start rising up again.

Those offers make them more shady and many people got questioned their proposition for having that and looks like they where right for accusing that BCC is ponzi scheme since lately they show the sign of running and their coins price drop so badly which makes their investors and token holders lose their money. And I can't trust the BitconnectX since I'm sure that it will be another ponzi scam and stealing money will continue if people would stake and trust them again.

[yndye]

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.

same with you, I think many have already known that bitconnect using a ponzi scheme, but they still do both. and I think they are interested with bot system of trading, which is owned by bitconnect.

It is obviously a scheme and for those who invested later on have a huge loss but for those that got in early have a huge profit. I believed those who joined late probably have a feeling that their money could be lost but still they continue hoping to earn even a little. There are many bitconnect-like coins emerging nowadays so for those who already have experienced in it might consider investing again especially those that joined in early days but for those who has bad experienced with it might not join again this kind of investments.

[ThePunisher49X]

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.

He is still alive and shilling on youtube
https://twitter.com/TrevonJB/status/967656936643743745

Even trying to make himself out to be the good guy by warning and going after other shillers himself.

I think steemit where he started all this shilling in the first place froze his account a week ago.

[Idrisu]

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!

In reality every human system is a ponzi scheme especially the financial aspects. You should not expect every too things good to be truth to last forever. We are having cryptocurrencies markets for the first time in the history of humanity and you should not expect things to be fine from beginning. Bitconnet is one of those things that we should play smart and get out as fast as possible.

[dumble1]

Whatever the ponzi or what, we also admit that they have tried to build a lending platform with the powerful development of the Bitconnect community for more than a year. 

of course when you pay to your previous investors from money received from your next investors it is possible to exist for a while

but where is the benefit for the market as a whole?

[dumble1]

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!

In reality every human system is a ponzi scheme especially the financial aspects. You should not expect every too things good to be truth to last forever. We are having cryptocurrencies markets for the first time in the history of humanity and you should not expect things to be fine from beginning. Bitconnet is one of those things that we should play smart and get out as fast as possible.

Well, there old Swiss or USA banks which exist hundreds years.
Are they also ponzi schemes?

[mrcash02]

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!

In reality every human system is a ponzi scheme especially the financial aspects. You should not expect every too things good to be truth to last forever. We are having cryptocurrencies markets for the first time in the history of humanity and you should not expect things to be fine from beginning. Bitconnet is one of those things that we should play smart and get out as fast as possible.

I believe every human systems aren't the same as Ponzies. Legit people won't scam others, even if their businesses don't do well. It's true nothing last forever, but it's not because everything is a Ponzi scheme, but because it's how things work, constantly changing, but we expect it keeps changing for better and not for worse. And in this case, better than getting out the scheme faster as possible, it's to just don't join it. 

[ModaFuka1994]

I think almost investors in ponzi know that it's scam right at the start but they still fell into this trap cause they're too lazy to work for money that why these kind of passive income seem very attractive for them. Beside  after invested in this kind of investment, they often have to pray everyday for it to make it live longer. LOL. I never wasting my money by investing in ponzi.