Bitconnect performed exit scam with $2.5 bln and investors are suicidal

[Levieth02ng]

http://stockemperor.com/currencies/bitconnect-exit-scam-suicide/

holy ****

[rezurect]

So many warnings, so many signs. What were these investors thinking?
Many of us saw it coming, still feels bad for them though.

[Milletsky]

I think this is their exit scam by means of using this kind of issue to fabricate stories.

[taongam]

Everyone knew Bitconnect is a Scam. Literally everyone. The people who fell for it didn’t do any sort of research. Like not even the most tiny minimum. We all knew it will fall apart. No surprise there.

[TwSeventh]

what do you expect from pyramid or ponzi scheme ?
giving a reward based on their capital ?
it reminds me to my old experience,
back then people over hyped it and it's gone a few month later.
learn from your mistake and learn from others,
it's not the first time we're seeing this kind of project or service or whatever we called it.

[fitzzz]

this is the cancer of cryptocurrency and even everyone knew this kind of ponzi scheme are going to scam later other patronizing it because of hype and wanted to profit easily. all should do DYOR before investing hard earned money..

[alan2here]

Early entrants will surely make a profit and all subsequent participants will suffer tremendous losses. I think every game will end and the money goes from one hand to the other. It is best not to trust lending as it is very dangerous

[cryptohunter]

same coming for all these over inflated icos with nothing to offer except a white paper

go for projects with REAL functioning software that has a use case outside of a ponzi .... then you have your value locked in.

|Dont think having a huge inflated cap will save you.

However they will not be able to cash out that much certainly not 2.5bn

[Wingo]

http://stockemperor.com/currencies/bitconnect-exit-scam-suicide/

holy ****

Clearly a planned scam from the very start. The bubble popped and they cannot contain it. Their promises are full of lies, you can't earn a guaranteed amount daily. Be realistic when investing your money and not on scams like bitconnect, they don't even reveal where and how the money earns a daily interest.

I saw this from the very start, and even when you do the calculations, you can prove that their promised returns we're all lies. Too good to be true.

[rocky121]

Need the regulators to go after these disgraceful ponzi schemes and try to get peoples money back.

[KingScorpio]

http://stockemperor.com/currencies/bitconnect-exit-scam-suicide/

holy ****

i am glad this happened, the market now has its example that huge glamourous coins arent necessary good, this gives air and opportunitiy for smaller projects that need that are serious and product focused

[Furgon Chino]

It was long overdue honestly

[tokeweed]

Read the first comment in this thread:  https://www.reddit.com/r/Bitconnect/comments/7qx0kv/im_literally_shaking_this_cant_be_happening/

So f*cking hilarious, I'm laughing so hard right now!!!

I mean, I'm not happy seeing those people lose their money, but most of them really do deserve it.  Who's stupid enough to take a loan and invest it in a sketchy ICO?

[stanstan]

Does anybody remember one similar HUGE scam, named laser.online ? Those guys made half a billion... More of these to come. They cause a big negative impact to the market but there's nothing to do.

[AgatioX]

Indeed that scam exit is fantastic.

But it was the only project(ok,together with less known OneCoin) where everybody was warned from so many trusted people that Bitconnect is a SCAM and ponzi (Even Vitalik said that).

HOW did you people were still investing there and made this ponzicoin on 1st page  

[Cryptoguru274]

Too bad for many investors who put their money in Bitconnect because what ever story they will give about investors funds would not hold water. Next time would be investors will look for a fully decentralized platform not the lending ponzi stuff to invest their money.

[themaxx]

Suicidal is a bit of an exaggeration... but anyone who's suicidal over crypto is a darwin award candidate...

[coinminter22]

"Everyone knew Bitconnect is a Scam. Literally everyone. The people who fell for it didn’t do any sort of research. Like not even the most tiny minimum. We all knew it will fall apart. No surprise there."

This exactly!

[bigvito19]

Every year a ponzi scheme will get exposed

[crptotrader007]

This was a known thing that they will be doing an exit scam for sure because none of the pyramid scheme can survive for a long time.
Bitconnect surely did a good thing though by giving BCC to their users which can be traded for BTC. This is the one thing I liked about them.
But the coin has no real value since a major dump made it's value reach a single digit number. Despite of this Bitconnect is still planning other things like the BCCX ICO. Who knows what's gonna happen to that coin in the future.