Can BitConnect recover?

[bhobafett]

Once a scam, always a scam and this is what people think about Bitconnect specially the investors and the bounty hunters that participated on that project. I heard that they are going to launch new project. How will they do that if people sees them as scammers?

[steins19]

What's in my mind right now is that there are plenty of exchanging sites out there. If one has already been proven guilty, why would you still give them a chance when it's all about money. There are no second chances when it comes to money I tell you. So if your thinking of accessing your account in their site, well think again it might not the wisest thing you could do.

[terzy]

I hope not! Bitconnect is to date by far the best example of market manipulation. It controlled the value of its own coin with founders holding millions of them. And now they have lost the trust and respect of the community! Generally it is better to avoid such projects.

[yomarve]

Bitconnect has lost the trust of its community but as one who has seen the passion people have for a certain kind of ponzi, I guarantee you there are still some die hard fans of bitconnect.. Those are the people who would stand by it if it wants to come back.

[focmere]

Obviously they shut down the exchange, however they said in a press release that they'll do their best to continue promotion of the BCC coin and build products to support it in future so it can regain its price. Do you believe this is possible or not?

In time, maybe. So many scam coins are experiencing price growth and there is no real project behind, I am thinking , why shouldn't BCC be able to recover? as long there is supply and demand, everything is possible.

[yussuf89]

It's possible to recover, but it's not worth to put money on it. BitConnect was scam, and it's not reasonable to buy a scam coin.

[bitcoinmasterlord]

It's possible to recover, but it's not worth to put money on it. BitConnect was scam, and it's not reasonable to buy a scam coin.

Nope, I don't think it is possible, it already proved it is a scam coin then who will invest in this coin. who all invested in this coin I think they lost their money. Now if any positive news comes regarding this coin nobody will believe. So investing in this coin is just waste of your money.

[caisa88]

It would be really bad to the crypto community if a coin like Bitconnect ( which is a proven scam) manages to recover again to even over 100$.

[Hagfors]

To put it bluntly, it was impossible for them to generate a 1.3%+ daily interest. Simply unrealistic. If it could generate so much revenue by pooling everyone's investments and using Bitconnect's bot to trade in crypto, everyone would be millionaires. The bots would make the Bitconnect's dev and their future generations so rich that they would never have to work a single day again.

Exactly. Basic math shows how absurd their claims were. With compounding interest the profits they promised people were just several orders of magnitude too high. And they even promised those returns in FIAT money.

[kennyy2929]

When they loose consumer sentiment and trust, its nearly impossible for them to be back. They would really have to give some legal guarantees this time to get the ball rolling again!

Did you hold in Bitconnect?

Nope did not hold any myself.. but my god it has dipped so much it's difficult to resist buying this dip. Just curious if there's really absolutely no chance of recovery or not.

If i am you, i wouldn't dare to invest in this coin even it's cheap and so tempting.
Because of their history of shutting down the exchange, the price is impossible to be rise again within years. If you invesst, it might go to 0.

[lsd400]

I can't see it is recovering. Unfortunately many people got scammed trusting some members in this forum. I still do not understand why it is being traded.

[kennyy2929]

I don't think this coin can recover at this times and next year!
I bought 50 BCC at price $405 per coin! Now all money go out!

wow, i am sorry for that.
But i wonder, if you sell it? if yes, what price u sell it?

[PhucS]

In my opinion, I think that would not happen, BCC will not be able to recover even though they continue to promote and build related products. They have lost the brand and trust from investors. It seems like a ponzi model, so many people have fallen into the trap and have fallen into hard times because of the collapse of BitConnect. And at the moment, the Bitconnect group still wants to continue to build and restore it, which is impossible

[Arkitekt]

Although it can be tempting, these are the types of scenarios you need to stay away from. BCC was a scam from it's inception and now just because there's a massive dip (obviously from loss of investor confidence) we contemplate buying for a quick ROI%. Regardless of whether or not BCC pumps again, you should not be hodling any. For future reference, stay away from any of these types of projects.

good luck, happy hunting!

[Xioma]

I don't think it's even remotely possible for them to recover at this point. Since everyone knows about their scam.

[JRDuran]

Obviously they shut down the exchange, however they said in a press release that they'll do their best to continue promotion of the BCC coin and build products to support it in future so it can regain its price. Do you believe this is possible or not?

In most cases of failure in business the usual words you will be hearing are the sweetest promise of a team. However that is only the thing that they have.

[greenclub09]

Bitconnect days is completely to an end, recently Lending and MLM are no longer being wanted by investors anymore, we have learnt a lesson from Bitconnect, even if bitconnect is changing to normal trading on exchanges, investors are leaving these kind of lending projects when they have lost so much money in just 1 night. Really hope Bitconnect will die in the future for investors back to pure ICO investments.

[smyslov]

It's a great ride  especially for early investors but let's put bitconnectcoin to rest and let just learned that this kind of program will not succeed and cannot succeed in the long run, hate to admit it but it put the cryptocurrency in a mess and give it a bad reputation because you cannot connect an mlm to  cryptocurrency.

[VanKleiss]

Obviously they shut down the exchange, however they said in a press release that they'll do their best to continue promotion of the BCC coin and build products to support it in future so it can regain its price. Do you believe this is possible or not?

A ponzi coin will never recover once they left it because they areonly after your money and nothing more. Better move on and  find a legit coin with a solid project that will make you a good profit in a long term. Don't get fool again fro networking ponzi ICO.

[TastyChillySauce00]

Obviously they shut down the exchange, however they said in a press release that they'll do their best to continue promotion of the BCC coin and build products to support it in future so it can regain its price. Do you believe this is possible or not?

A ponzi coin will never recover once they left it because they areonly after your money and nothing more. Better move on and  find a legit coin with a solid project that will make you a good profit in a long term. Don't get fool again fro networking ponzi ICO.

That is the reality, they left their coin with no service backing up, the ponzi has now over and people who still in the train are late to cash out their money. So basically bitconnect can't recover, it's ponzi from the start, I think people who smart enough know that because their offer was too dreamy like 5% a day, if you have just a normal logic will wondering where the hell they got there money from and that's it.
After the shut down, the price falling significantly, there's nothing but the member of this scam should cry in despair, end of discussion.