Why did people get involved in bitconnect?

[HashFace]

For some it is just greed and stupidity, ignoring the multiple warning signs and the vast majority of people here advising people stay away.  But, believe it or not, there are people out there that try to get into the pyramid/ponzi schemes in the beginning, make some money, and cash out before the inevitable crash. These are the same people who promote it and try to get other people in so they can make more money.  

I mean, I see people here asking "What's a good HYIP to get into?"  That's basically what BitConnect was.  They know it is a scam, but the scam usually pays for a couple of weeks or months ... I think it's nuts but people do it, someone is left holding the bag.

[ciciteng]

Its just human nature; *greed*
They dont really understand the business model behind it. Just really blinded by fake testimonial without thinking further on what cause of that.
It's really fishy since the beginning if you really follow them since the price around 5 bucks.
So, please careful if you want to join those kind of business model, do research. Don't just buy what people says.

[左]

Quick easy money, people knew it was a scam but participated anyway.

[Irunbounties]

Quick easy money, people knew it was a scam but participated anyway.

Quick easy money and a nice website, that is all.

[carlfebz2]

Bitconnect looked like a pyramid scheme from early on, and it had a ton of warning signs. If you missed the fact even a ton of people on youtube told everyone that bit connect was a scam, so you didn't even need to notice it yourself.

I want to know why people got involved while knowing that it was a HORRIBLE scam from early on?

Because of "GREED" which this is the main reason why do people make themselves involve into thise very obvious Ponzi scheme and being advised and warned out people for hundred times but it ends up on being neglected or doesn't make or pay attention to it and now when they lose up money they are regretting and crying which I do see a deserving thing for them.I didn't get involved myself into this project because in my first impressions this wont really sustain for long runs.

[herecomesjohnny]

Bitconnect looked like a pyramid scheme from early on, and it had a ton of warning signs. If you missed the fact even a ton of people on youtube told everyone that bit connect was a scam, so you didn't even need to notice it yourself.

I want to know why people got involved while knowing that it was a HORRIBLE scam from early on?

Humans are greedy and hungry for the money. In this world where the money is the spinning wheel that turns the world around the false promises that look absolutely fantastic to the individuals can be very attractive to the same. Bitconnect promises and plans were too good to be true but this certain type of the people in the search for the easy profit is not worried about the possible scams. For them, the scam is something that will not touch them! These type of the people are actually the ones that were hoping to get on the in another train like the Bitcoin investors in 2010 did.

Even if the reveal has shaken the investors there will still be a lot of more projects and coins that will attract these greedy types of people because of the easy profit smell that is unavoidable for them.

[tornikejr]

People invested in Bitconnect, because they wanted to be rich overnight, but when project is promising returns that is too big to be true as usually it is scam.

[djibril cisse]

it was very well promoted on youtube and it promised things that aren't possible. and once people are invested they are likely to refuse everything negative as fud. they stay in the same circle and get brainwashed.

[Crypdon]

It is because some people were actually getting rich from it. In a ponzi scheme like that it is inevitable that one day it will collapse but it was doing extremely well and people just wanted to get rich quick. There were people bragging about how many bitcoins they made, this enticed others, and then sadly it all went downhill.

[fatirborju]

Due to the fields for lucrative investments in the future And the ever-rising prices become one of the biggest reasons why so many people are looking to invest in bitconnect and they just want to get a faster profit ....

[digaran]

Because of $100 Million and 20 shills. try investing $100 Million on a total scam token as activity token, shill for it with accounts other than my only account  and see what happens. rename the coin and replace me with a dedicated team of scammers. money will come. 9 from 10 are doing this, every facking day.

If you are an idiot, you would buy my tokens. and if I'm a scammer, I would let you to buy them. how many people are announcing a new coin every day? they are all total scams. no exception.

[vv181]

I want to know why people got involved while knowing that it was a HORRIBLE scam from early on?

Because those kinds of people are the one who wants an easy way to make sums of money, they didn't want to work hard to achieve a wealth, and they didn't enjoy the process of making it. They blinded by a solution to get a get-rich-quick scheme type of investments. And personally, Bitconnect even though it clearly shows it's a scam, but the team is clearly capable of manipulating a lot of people.

[shadowdio]

because bitconnect looks legit and many people believe that bitconnect will go to the moon, plus carlos matos convinced people that he promised to all investors that they will rich together if you invest in bitconnect, then people fall for it and invested their life savings.

[paul00]

It is not like all people who joined Bitconnect knows that it is scam in the first place until they had experience of being scammed by it. Those people who joined got bittend by the promises of having your money double or even tripled in a fast and easy way. I think there are really people who tend to be persuaded with this kind of promises especially when they were able to earn something on the first time and just get scammed once they have fully trusted it.

[Jorosss]

Bitconnect looked like a pyramid scheme from early on, and it had a ton of warning signs. If you missed the fact even a ton of people on youtube told everyone that bit connect was a scam, so you didn't even need to notice it yourself.

I want to know why people got involved while knowing that it was a HORRIBLE scam from early on?

They want to risk their money, a high daily interest offer of bitconnect for lending from their investment is one the reason why they choose to join despite of those warnings from other that bitconnect is a ponzi scheme. People are getting greedy so they always ended up losing like what happened.

[moynul2050]

Bitconnect looked like a pyramid scheme from early on, and it had a ton of warning signs. If you missed the fact even a ton of people on youtube told everyone that bit connect was a scam, so you didn't even need to notice it yourself.

I want to know why people got involved while knowing that it was a HORRIBLE scam from early on?

They want to risk their money, a high daily interest offer of bitconnect for lending from their investment is one the reason why they choose to join despite of those warnings from other that bitconnect is a ponzi scheme. People are getting greedy so they always ended up losing like what happened.

Greed makes them forget the investment risk. they think fast to make money but do not analyze the investment method is good and right.
Finally they screamed by the bitconect they had become poor.

[9jaflick]

Bitconnect looked like a pyramid scheme from early on, and it had a ton of warning signs. If you missed the fact even a ton of people on youtube told everyone that bit connect was a scam, so you didn't even need to notice it yourself.

I want to know why people got involved while knowing that it was a HORRIBLE scam from early on?

must people invest on this pyramid scheme or should i call it ponzi scheme, out of greediness, they want to get rich  over night, they never care to read the handwritten  on the wall

[darkangel11]

You really don't know why? Because of wasaaaa wasaaa wasaaaaa BITCONEEEEEEEEEEECT!
https://www.youtube.com/watch?v=61i2iDz7u04

Sure it was greed, but also a lot of high hopes. They were seeing all these people telling them that it's a great investment and how they are making tons of money every month.
The problem is that when all those people are making money and you're not yer in, it means that you are on the bottom of the pyramid 

[conanmori]

Yeah i dont know why thy invested on that scam. I even told to my friend that its a scam and sell the coin why the price is high and yet he never listen in the end he lose big. I dont even know how people believe it that ponzhi scheme strat yeah it will start a big price at the begining but when people stop investing you lose it.

[bitcoinpeople1]

I believe it was pure greed, they saw some incredible numbers and they believed bitconnect would make them millions in a short time so they went into it in droves. People sold properties and emptied accounts to get into that scam. I felt so bad for them, but at the end, it was their own greed which did them all in.