Bitconnect is nothing else than a planned Ponzi Scheme

[SamReomo]

Many of us have invested our Bitcoins into the Bitconnect scheme, but unfortunately it was nothing more than a Ponzi Scheme that trapped greedy investors. They shut down their exchange and lending platform this week by giving some funny excuses. Everything that they offered was planned in order to take advantage of those greedy and lazy investors who thought that getting interest of 120% per year without doing any work is possible.

The BCC price went from $320 to just $20 within a week, which is shocking in itself. I really feel bad for those investors who invested most of their worthy Bitcoins into the project. I hope that they might recover from such an horrible indecent that took place in their life.

Bitconnect is still being traded on exchanges like HitBTC, Livecoin, and some other exchanges. However, its value is dropping drastically which is really unbearable by the whale investors of the project.


For further details read the following news article.
https://cointelegraph.com/news/bitconnect-ponzi-scheme-no-sympathy-from-crypto-community

[totnaksquad]

Not many of us,most of us knew about it from the start the structure is like the old-fashioned ponzi schemes,
most of us are clever enough to know which is scam and not a scam.

Greedy investors deserves that they dont do some research before getting involve with these projects.

[Herbert2020]

Not many of us,most of us knew about it from the start the structure is like the old-fashioned ponzi schemes,
most of us are clever enough to know which is scam and not a scam.

Greedy investors deserves that they dont do some research before getting involve with these projects.

actually i think what he says is somewhat true. many of us did invest in Bitconnect but at the same time that doesn't mean we didn't know it is a Ponzi scheme. we invested in it as another shitcoin that was being pumped and make a lot of profit from its pump just like we are making a lot of profit from 100 other shitcoins very similar to bitconnect that are being pumped every day.

that is the market we currently have in altcoins. 90% shitcoins and 10% half decent projects that don't even get in the top 10 or 20 altcoins.

[hiwainmoto]

Not many of us,most of us knew about it from the start the structure is like the old-fashioned ponzi schemes,
most of us are clever enough to know which is scam and not a scam.

Greedy investors deserves that they dont do some research before getting involve with these projects.

Yeah theres no one to blame but themselves,they knew it is a ponzi scheme and yet they still chose to get involve.

[kevoh]

The bitconnect gig is over, count your losses ( or profits in the the case of smarter ones) and move on. I believe there were a lot of signs and warnings from well meaning people that were usually labelled as haters for anyone to have opted out.

[biticotalk]

Many of us have invested our Bitcoins into the Bitconnect scheme, but unfortunately it was nothing more than a Ponzi Scheme that trapped greedy investors. They shut down their exchange and lending platform this week by giving some funny excuses. Everything that they offered was planned in order to take advantage of those greedy and lazy investors who thought that getting interest of 120% per year without doing any work is possible.

The BCC price went from $320 to just $20 within a week, which is shocking in itself. I really feel bad for those investors who invested most of their worthy Bitcoins into the project. I hope that they might recover from such an horrible indecent that took place in their life.

Bitconnect is still being traded on exchanges like HitBTC, Livecoin, and some other exchanges. However, its value is dropping drastically which is really unbearable by the whale investors of the project.


For further details read the following news article.
https://cointelegraph.com/news/bitconnect-ponzi-scheme-no-sympathy-from-crypto-community

Unfortunately, this happens very rarely and regulators will come to the rescue who must stop such actions of the funders

[SamReomo]

Not many of us,most of us knew about it from the start the structure is like the old-fashioned ponzi schemes,
most of us are clever enough to know which is scam and not a scam.

Greedy investors deserves that they dont do some research before getting involve with these projects.

Yeah you're right most of us got trapped into that "Ponzi Scheme" even we knew its realty. I really think that we should be honest with ourselves, as we are the ones allowing those schemes or scams to have our investments and allow them to run away with our investments.

actually i think what he says is somewhat true. many of us did invest in Bitconnect but at the same time that doesn't mean we didn't know it is a Ponzi scheme. we invested in it as another shitcoin that was being pumped and make a lot of profit from its pump just like we are making a lot of profit from 100 other shitcoins very similar to bitconnect that are being pumped every day.

that is the market we currently have in altcoins. 90% shitcoins and 10% half decent projects that don't even get in the top 10 or 20 altcoins.

I agree with your statement. Most of us are smart enough or you can say greedy enough to take part in those shitcoins that get pumped by the whales, because we want our share, and it really doesn't matters if the project is legit or a scam. But our actions are wrong and self-centered, and because of that we are allowing those shitcoins to exist. If we weren't that greedy then we would never be preys to such fishy projects.

[olushakes]

Many of us have invested our Bitcoins into the Bitconnect scheme, but unfortunately it was nothing more than a Ponzi Scheme that trapped greedy investors. They shut down their exchange and lending platform this week by giving some funny excuses. Everything that they offered was planned in order to take advantage of those greedy and lazy investors who thought that getting interest of 120% per year without doing any work is possible.

The BCC price went from $320 to just $20 within a week, which is shocking in itself. I really feel bad for those investors who invested most of their worthy Bitcoins into the project. I hope that they might recover from such an horrible indecent that took place in their life.

Bitconnect is still being traded on exchanges like HitBTC, Livecoin, and some other exchanges. However, its value is dropping drastically which is really unbearable by the whale investors of the project.


For further details read the following news article.
https://cointelegraph.com/news/bitconnect-ponzi-scheme-no-sympathy-from-crypto-community

As a senior member of the forum and command this amount of exploratory discussion I expect that you must have read a lot about it and several concerns that have been raised on the issue of its ability to sustain long-term even beyond the forum to the other social media platforms but you choose to ignore because everything looks green and it seems its going to be forever but alas it came without warning that everything is about to go down.

The most important is if you have learnt your lessons because without that, another one will come and you would still put your money there only to regret later. Move on because the coming back of this is likely impossible.

[BillCoin]

Most of the people who invested in BitConnect did it although they knew that there are large chances that a Ponzi Scheme, but they still chose to invest because they believed that the scam still has a long way to go before it bursts.

The big red flag we had about BitConnect  was that they claimed the funds go into a trading bot that they developed, but they failed to have any proof that supports it, and also, they never had a cap limit for funds raising, I mean, why would you need billions of dollars for trading bot?

[happybot]

I had a 50/50 opinion on bitconnect. Thank God i chose to wait before I invest.

[cryptoking33]

Many of us should be proactive in our write up by warning others before the incident. Bitconnect concept was scammer from the beginning, no investor that did his due diligent will want to stake so much in that project. Any way that is part of the business risk.

[hiwainmoto]

I hope most of the people who got trapped with this coin,learned their lessons,never invest in lending programs like this.I warned everybody to get out fast in these lending programs while they still can,no one regrets at first,its always at the end.

[armansolis593]

The BCC price went from $320 to just $20 within a week, which is shocking in itself.

I wasnt shock at all when the market price of BCC went down, it shouldnt even have that price at all. Law enforcement should have close the site long time ago so that there wont be a more damage that will be done to other investors.

Bitconnect is still being traded on exchanges like HitBTC, Livecoin, and some other exchanges. However, its value is dropping drastically which is really unbearable by the whale investors of the project.

It will only be a matter of time till it hits 0. The investor of bitconnect were all greedy people and i think they deserve to be in than kind of situation, without really analyzing what bitconnect is or they just blindy look the bad side of bitconnect and just continue with thier greedy. Well some did manage to sell out months ago and foresee that this situation will happen right before their eyes.

[anggriani]

We have long warned bitconnect investors not to invest too much there, but they do not listen to that advice, they even turn around accusing us of envy to them. Now everything has happened, hopefully no more people are fooled by a project like this.

[followmenot]

I have warned many people about bitconnect scam. They told that profits seem too tasty and delicious, greed killed them. It is destiny of all ponzis. Greedy people eating up and they left 0 to eat.

[favelle75]

its the best designed ponzi scheme for me.
I never saw a similar ponzi scheme before. They know how to run a ponzi scheme and they are doing this great.!

[Fundalini]

The premise of bitconnect is stupid in the first first place. You lend valuable btc and they exchange it for seemingly worthless coins. Also, the timing of the bcc crash seems pretty convenient as bitconnectX surfaced. Unless people stay away from this, they will continue to do this crap.

[snowbubble]

i think all who participated in bitconnect knew that its a ponzi, but all was too greedy to receive 30% per month and hoped that project will live for 10 years and they will be millionares

[krodmandoon]

Many of us have invested our Bitcoins into the Bitconnect scheme, but unfortunately it was nothing more than a Ponzi Scheme that trapped greedy investors. They shut down their exchange and lending platform this week by giving some funny excuses. Everything that they offered was planned in order to take advantage of those greedy and lazy investors who thought that getting interest of 120% per year without doing any work is possible.

The BCC price went from $320 to just $20 within a week, which is shocking in itself. I really feel bad for those investors who invested most of their worthy Bitcoins into the project. I hope that they might recover from such an horrible indecent that took place in their life.

Bitconnect is still being traded on exchanges like HitBTC, Livecoin, and some other exchanges. However, its value is dropping drastically which is really unbearable by the whale investors of the project.


For further details read the following news article.
https://cointelegraph.com/news/bitconnect-ponzi-scheme-no-sympathy-from-crypto-community

I don't feel bad for anyone who lost this Ponzy scheme. Some people invested and got away on time, just make profit form the pump, and it's nothing wrong with it.
But for "those greedy and lazy investors who thought that getting interest of 120% per year without doing any work" I think they just got what they deserved.

[HostiletermitE]

It was a risk they were willing to take.. I wouldn't term that as greed, since all forms of investments and trades have certain risks involved.