Why did people get involved in bitconnect?

[paulmaritz]

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?

Those who got involved knowing that it is a scam are no better than the main scammers themselves. They got involved with the hope of making a killing - in effect stealing from others - and getting out early.

[bakujo0817]

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 many people like earning big while doing nothing and seeing others successful earning in bitconnect and fear that they will left behind if they dont invest not thinking what they entering.

[idgaf007]

It's because they want easy money plus bitconnect is advertised usually by a close friend or someone they know who already earned by investing. They just passed it through referals and word by mouth advertising. Then the people got hyped.

[Girtod]

There are two reasons: the low level of financial literacy, that is, people just do not understand what they are going to do. The second-people who are prone to risk, understand that in front of them is a financial pyramid, but they want to risk and think that they have enough ingenuity at the right time to withdraw money.

[Corsicoin]

Seriously how can you resist this guy : https://www.youtube.com/watch?v=HD7L2u8N2kY

The world is not gonna be like it use to be anymore ! ^^

Still laugh about it one time a day 

[European Central Bank]

9.9 times out of 10 people know perfectly well what they're exposing themselves to deep down, they just refuse to acknowledge it to themselves and believe bad things will happen to other people. It was as textbook a ponzi as humanly possible, so much so it was almost like satire.

[Silberman]

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?

It is always the same reason, people know something shady is going on but they do not care as long as they can get their profits so they ignore all the warning signs and as long as their investment is working for them then they are willing to invest in such a project despite the risks, this is why you see many projects in cryptocurrencies that are very clearly scams but people keep investing in them.

[fetokun]

Greed. The greed of huge returns can make a person ignore basic research to be done on a coin. Bitconnect was mostly promoted through youtube by guys with huge followings and since it was promoted by someone they trusted they bought the coin based on its hype and didn't do any research on it.

[Weirdwas]

One of the things that drives humans to do much evil. Pure greed. They see numbers and they believe they can get rich overnight without trying and they all end up being scammed

[niteroy]

The simple answer is pure greed. Some saw a way to make easy money and plenty of it. Before investing potential buyers should ask themselves how someone can make such high returns yet they themselves cannot.

Yes, greed and the desire to earn quickly without exerting special efforts pushed people to the rash purchase of Bitconnect. Now there are many projects on the Internet that are inherently a typical pyramid and have nothing to do with crypto currencies, but the creators of such projects continue to work on the greed and stupidity of people. With Bitconnect, the situation has developed so much that many people have heard about bitcoin and have not figured out blockchain technology, what is real bitcoin and cryptocurrency, have invested their money in this pyramid, whose name was similar to Bitcoin. The banal reluctance to understand and study where they are investing their money has led to the fact that many have lost their money. Nobody canceled the "instinct of the crowd".

[Silberman]

9.9 times out of 10 people know perfectly well what they're exposing themselves to deep down, they just refuse to acknowledge it to themselves and believe bad things will happen to other people. It was as textbook a ponzi as humanly possible, so much so it was almost like satire.

People have a tendency to see themselves as exceptional beings they think only good things will happen to them and that bad things only happen to other people, this kind of mentality is what causes many accidents and problems around the world some people think they are invulnerable and that things will always go their way then they find too late that is not the case.

[Sayed Rifat]

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?

Bitcoin can wear many hats in this world, but it is first and foremost a prime example of how a currency not issued by a government or central bank can work just fine. That does not mean any cryptocurrency will make it, though, as there are plenty of useless altcoins to be found as well. For this reason people involved in bitcoin.

[Razick]

I think the answer to this one is quite simple. It was obviously greed. There was no way bitconnect could have kept going and it was painfully obvious that it was a ponzi scheme but people wouldn't listen when you told them because they believed bitconnect would make them crypto millionaires in a very short time. When it ended, it dawned on them that they made a grave mistake but by then it was already too late.

[wolfracer]

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 all the people involved in bitconnect were greedy and ignorant, and they didn't pay attention to the people that gave proof of bitconnect being a scam, and there were people that promoted them via Youtube, IG. Those people caught by promoters didn't know anything about cryptocurrencies, and they were convinced that putting money into this program will lead them becoming rich.

[daarul50]

Since the beginning, many people have recommended that bitconnect is a scam project. however, there are still many people involved in the bitconnect project. greed makes them really lose. I suggest doing not be tempted by projects that promise you quick profits because it makes no sense. Successful people will never succeed if they do not experience a long process first to achieve success.

[pratik009]

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?

Yes you are right.Many of poeple know that bitconnct is scam but some of people still don't know about it.The members of bitconnct got good profites from bitconnct platform beacause it gave daily intrest on thier investment to all members.so they earned good amount of profit and they told this things to other people and that is the reason,why people got involved in bitconnct.

[Adioliver]

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?

Well I guess their community had a great manager and he might have played trick with his words when questions were raised against bitconnect.From my experience I have experienced that people managing communities can be really effective whether an ICO be a success or not.So I believe that bitconnect had a good community manager.And the most important point here is greed off course.People fall for false promises which promises them to make them rich overnight.

[NoviceInvestor]

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?

Pyramid schemes are often very popular. Fundamentally people want to believe that they can get rich quick with no real effort on their part. So, greed clouds their reasoning, and they fall for utterly ridiculous scams.

All they need to do is create any hook that people can latch onto that 'it's different this time', such as turning the pyramid upside down or calling it a chart.

BTW: https://www.youtube.com/watch?v=DRMwmMcZKAA

It has happened huge numbers of times, and will continue to happen as long as human nature doesn't change.

[Silberman]

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?

Pyramid schemes are often very popular. Fundamentally people want to believe that they can get rich quick with no real effort on their part. So, greed clouds their reasoning, and they fall for utterly ridiculous scams.

All they need to do is create any hook that people can latch onto that 'it's different this time', such as turning the pyramid upside down or calling it a chart.

BTW: https://www.youtube.com/watch?v=DRMwmMcZKAA

It has happened huge numbers of times, and will continue to happen as long as human nature doesn't change.

People want to believe that they can earn a significant amount of money without any effort but anyone that has in fact go to the trouble to earn a lot of money know that is not easy at all, you need to work very hard for long hours in order to make money, that is what they do not see they only see the person with a nice house and a nice car and think that he got that easily but they do not see all the effort he made in order to get that.

[toral host25]

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