Bitconnect is Resurfacing with an ICO

[coinbureau]

We all know that this week Bitconnect collapsed when the cryptocurrency markets came down. This left many investors down and out.

However, it seems as if Bitconnect is trying to start over as a new scam ICO this time. They are currently raising funds through a new ICO called BitconnectX.

https://www.coinbureau.com/ico/bitconnectx-attempt-scam-investors/

There is almost 0 transparency over this project. There are no developers, leaders nor do they even have information on the company or any legal disclaimers.

Most importantly though, for an ICO they don't even have a whitepaper! Just some vague references to PoW and PoS mining.

Looks like a legit scam to me. What are your guy's thoughts?

[johnnywoo2015]

If there are dump enough people to buy it even after all warning topics and so on, then they deserve to lost their money.

To newbies around: Bitconnect IS PONZI!

[Rajatruck]

The first investor bitconnect have to earn money anyway, so some will still invest in it

[Quidat]

If there are dump enough people to buy it even after all warning topics and so on, then they deserve to lost their money.

To newbies around: Bitconnect IS PONZI!

If they would decide to reinvest after the incident happen on Bitconnect then they are all doing suicide again. They didn't even learned specially for those who do lose huge sums of money because of this Ponzi scheme and for all newbies out there. I would repeat on what he said "Bitconnect Is Ponzi". Don't bother to join up if they would decide to have an ICO. They are already dirtying up their reputation.

[coinadon]

the essence of the emergence of bitconnect is the most disgusting thing in the world of cryptocurrency

they are good as coins, but very bad when using ponzi system for their lending program


I think bitconnectx is a very real fraud experiment, I hoping that bitconnect would be enough experience for all players in the world of cryptocurrency.
Moreover, the former bitconnect players, I want them to be aware. by not repeating the error to follow bitconnectX program

[trigg]

Fool me once, shame on you; fool me twice, shame on me. Don't be stupid, people!!!

[Bolt Brownie]

They already had that ICO planned before they've close doors so I don't think they will run it. Even if they do, I really hope that people don't fall for it again. If they do, it's not for lack of warnings. I guess the bitconnect was the largest ponzi scheme ever made, and I still don't understand how people went for it, since it's structure was similar to any other hyip out there, and those never grow that big. Maybe people knew what was going on all along, and they were just trying to get some profit out of it, as they thought they were still the first ones in. If this is true, and people know what they are getting into, then we will probably see this one coming through as well, and that will be a shame.

[bbcolex]

People will never really learn as greed comes first. They disregard any potential risk and would rather invest in this kind of scheme "Get rich real quick" , I was happy bitconnect got shut down but felt sorry for those who invested and bought on highs, Then now they're creating another hype for their ongoing ICO, come'on people wake up it's obviously a ponzi scheme they're not finish scamming people yet" That's why they need to open another one, to squeeze every investors money.

[Crytptohack]

There were so many warnings for Bitconnect on blogs/YT/forums, I'm somewhat surprised that people did not listen. Guess when your knee deep in an investment, your faith grows and your emotionally attached.

Some many people got burned, I'm surprised if anyone will put .01 into the company.

[aardvark15]

We all know that this week Bitconnect collapsed when the cryptocurrency markets came down. This left many investors down and out.

However, it seems as if Bitconnect is trying to start over as a new scam ICO this time. They are currently raising funds through a new ICO called BitconnectX.

https://www.coinbureau.com/ico/bitconnectx-attempt-scam-investors/

There is almost 0 transparency over this project. There are no developers, leaders nor do they even have information on the company or any legal disclaimers.

Most importantly though, for an ICO they don't even have a whitepaper! Just some vague references to PoW and PoS mining.

Looks like a legit scam to me. What are your guy's thoughts?

I wouldn’t touch that ICO. Why would anyone invest in another project from known scammers? Just make sure it’s money that you can afford to lose because we know the history there. There are plenty of coins that are lower risk to invest in.

[Diwrecktor29]

How come people are still believing this shitcoin? They have already failed there investors by closing the Lending Platform which they are known about. And now, they are trying to convince people to believe on them again?

[Koro-Sensei]

If there are dump enough people to buy it even after all warning topics and so on, then they deserve to lost their money.

To newbies around: Bitconnect IS PONZI!

Thanks for the warning but i didn't know it would come this far after that incident. If there are a slight possible chance that they are not what they are before they will have difficulties persuading people to invest on their Coin. Newbie's will be baited in it this time so im contributing to the society and BUMPING this reply.

[worldtraveller321]

Just to ask everyone, should we trust Bitconnect at all? even if they are still trying to make more product?

[Bitinity]

Just to ask everyone, should we trust Bitconnect at all? even if they are still trying to make more product?

Obviously a big NO if you ask me, there are many victims of bitconnect already for their first 'ponzi' project and now they are going to run an ICO. Why we should trust them while there are many victims already? I would not even want to visit their ICO site at all.
On other hands, I think there are still some people supporting this project. I do not know who are they, whether they are real supporters/investors or just fake people to attract new investors who do not know about the first project.

[DanWagner]

Just to ask everyone, should we trust Bitconnect at all? even if they are still trying to make more product?

Obviously a big NO if you ask me, there are many victims of bitconnect already for their first 'ponzi' project and now they are going to run an ICO. Why we should trust them while there are many victims already? I would not even want to visit their ICO site at all.
On other hands, I think there are still some people supporting this project. I do not know who are they, whether they are real supporters/investors or just fake people to attract new investors who do not know about the first project.

Probably people who already lost a big amount of money , it is the suck cost fallacy. It is sad for them because they are just gonna be scammed again.

[hachiman13]

The bitconnect crash seems like an exit scam to me. They choose this time where the market are down altogether so they can blame the price slump to the issues(FUD) then. If people still buy this BS(bitconnectX) after all this, not to mention the timing of this ICO seems pretty convenient in line with bcc crash, they deserve to lose money.

[alan2here]

We all know that this week Bitconnect collapsed when the cryptocurrency markets came down. This left many investors down and out.

However, it seems as if Bitconnect is trying to start over as a new scam ICO this time. They are currently raising funds through a new ICO called BitconnectX.

https://www.coinbureau.com/ico/bitconnectx-attempt-scam-investors/

There is almost 0 transparency over this project. There are no developers, leaders nor do they even have information on the company or any legal disclaimers.

Most importantly though, for an ICO they don't even have a whitepaper! Just some vague references to PoW and PoS mining.

Looks like a legit scam to me. What are your guy's thoughts?

It's best to stay away from this ICO because the risk of this project is really high and you may be the victim of the old Bitconnect but there are definitely more people who will invest in this project because they want to challenge it again with Bitconnect version 2

[havoc928]

I dont trust bitconnect anymore. I lost allmost my money. dont think will do next with my bcc

[gabmen]

Lol. I don't know if anyone would be foolish enough to fall for a second round of this scam. They shoild be focusing on getting their investor's money back first before trying to start another one. I don't think they're going to get even a quarter of their target for their ico

[starsnshamrocks]

Thanks for this warning. Keep your hand away from that ICO. What Bitconnect was .. what they did and how they fooled people, might be something that not everyone heard of, so such posts are valuable.