Bitconnect is nothing else than a planned Ponzi Scheme

[hieu81]

Dear all
They shut down their exchange and lending platform this week , I lost all off my money i earn in last three year!
So i think! We need careful when invest on lending platform~
So i very sad !

[kram31]

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.

most of us in this community know the Ponzi scheme, though people who don't know how the real crypto works and see bitconnect as easy money will grab the opportunity. i don't believe that bitconect attack by DDoS and have a [roblem, bitconnect reached its limit and no more or not many new investors are coming we all know that the money they were paying out is just from new investors.

[SugoiSenpai]

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

In the Crypto world, there is no such thing as earning easily just by doing nothing, that said people who are too lazy to work to earn money invests on a platform that really doesn't necessarily serve any real purpose to help other people. Each and every ponzi scheme has it's own way of persuading vulnerable lazy people into investing to their program and this just ruins Bitcoins image to other people. Before reconsidering investing on a project, be sure to know if it really has a good use and is necessary for it to exist in the long run. I pity those people who invested to such a project that has failed and has turned into a Sh*tcoin.

[3zy]

Glad I did not invested on Bitconnect all this time I was just waiting for them to shutdown their gimmicks.

[awazieik]

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

Life is about risks so it is not surprising. Investors were warned that bitconnect was a ponzi scheme ready to blow up but people were ready to risk their bitcoins to get so much profit.

[SamReomo]

In the Crypto world, there is no such thing as earning easily just by doing nothing, that said people who are too lazy to work to earn money invests on a platform that really doesn't necessarily serve any real purpose to help other people. Each and every ponzi scheme has it's own way of persuading vulnerable lazy people into investing to their program and this just ruins Bitcoins image to other people. Before reconsidering investing on a project, be sure to know if it really has a good use and is necessary for it to exist in the long run. I pity those people who invested to such a project that has failed and has turned into a Sh*tcoin.

Exactly, in the world of cryptos there is no way to earn anything easily, it might take sometime to begin earning here, but gradually the earnings increase with addition to new experiences. Investing in those schemes that might alter your emotions by persuading you into believing something that's close to impossible is stupidity.

Yeah, just because of such fake schemes people get scared of investing into cryptoes. There has been many such schemes and there might be many others in upcoming days, but we should be more alert and do our research before investing.

Life is about risks so it is not surprising. Investors were warned that bitconnect was a ponzi scheme ready to blow up but people were ready to risk their bitcoins to get so much profit.

But those who take such risks in their life are the greedy and lazy ones. Taking risks on reasonable projects is somewhat accepted in life, but taking risks on something impossible is foolishness. The ones who invested in it then might be the ones who cry today. We should learn from those people and try our best to avoid such schemes, or projects that promises more than our imagination.

[gizmodo1987]

Vitalik Buterin tweeted before that bitconnect is a scam. Their platform you can really see it as a ponzi scheme in crypto world. Still people risk to get an easy money as they get monthly shares for their investment. They are the very successful ponzi in crypto. I feel bad for those who loss their money.  They should have listen to others and to some reviews before.

[flippener]

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.

Surely it crosses the line into greed when you invest in a scheme that you know is a Ponzi (i.e. you know you will only make money by taking it from those who join the scheme after you).