setialovers
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Activity: 812
Merit: 11
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August 28, 2018, 12:11:17 AM |
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Many people who investing their money in market dont research first. They just buying and not looking for bad potential about bitconnect. But its a lesson for us in cryptomarket and hopely no more coin like bitconnect
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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Jessica2009
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August 28, 2018, 12:24:00 AM |
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Bitconnect was an exchange and an open source Bitcoin based cryptocurrency it was one of the most successful cryptocurrencies by price until the beginning of the year 2018 . It became unfamous when the Thailand conference appeared in you tube displaying an unreal behaviors from a guest speaker and after that the exchange collapsed . The Bitconnect coin was among the top 20 successful cryptocurrency tokens now the Bitconnect is saying that it has come under cyber attack .
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MidKnight
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August 28, 2018, 02:37:28 AM |
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Bitconnect was an exchange and an open source Bitcoin based cryptocurrency it was one of the most successful cryptocurrencies by price until the beginning of the year 2018 . It became unfamous when the Thailand conference appeared in you tube displaying an unreal behaviors from a guest speaker and after that the exchange collapsed . The Bitconnect coin was among the top 20 successful cryptocurrency tokens now the Bitconnect is saying that it has come under cyber attack .
Successful crypto by price? It is simply just one of the successful scams in the cryptocurrency world. It was obvious right from the start but there are just some greedy bastards who used it and promoted their referrals to earn much more and make the people they fooled lose in the end. |
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Helex
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Activity: 230
Merit: 1
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August 28, 2018, 04:20:59 AM |
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Greed. It blinds humans, plus those youtube shillers and referral fishers played huge part in it.
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binting
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Activity: 210
Merit: 10
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August 28, 2018, 04:29:25 AM |
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the big reason why they get involved with a whole lot of other shady stuff, the greed it actually seems to be a strong driving force in the cryptocurrency market. people even buy bitcoin out of greed, they want to get rich overnight, and don't get me started on altcoins and their pump and dumps,,so the same thing is true about bitconnect and all the similar projects. people get involved with them because they think they can make money, they sometimes even close their eyes on facts because all they see is money involve.....
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goodman4hire
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August 28, 2018, 04:38:37 AM |
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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?
People want to get paid! Financial freedom is the holy grail of having a half way decent life. They saw an opportunity and rolled the dice. Sometimes you win and sometimes you don't. |
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josephpogi
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August 28, 2018, 04:43:32 AM |
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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?
i dont know all about bitconnect but i heared before that that is s scam type but i think its just a fud do all people sell their coin in a low price and fud is a part in cryptocurrency because only whales can control or manipulate it. |
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StephKram
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Activity: 95
Merit: 10
Most Advanced Crypto Exchange on the Blockchain
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August 28, 2018, 05:08:54 AM |
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Greed. Pure and simple. If you take a coin and start raising the price people will jump in. They don't even realize what they are getting into. They just see the dollar signs. Even if you told them it was a mistake they would most likely ignore you so there isn't much that can be done.
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CRYPTOCIRCLEX | THE MOST ADVANCED CRYPTO EXCHANGE ON THE BLOCKCHAIN
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Davido1174
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Activity: 210
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August 28, 2018, 06:36:36 AM |
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What actually makes people to lose on such programs is as a result of greed and wanting to make more money as a result. This was why people got involved in it and many lost money in it
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rose9696
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Activity: 770
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https://streamies.io/
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August 28, 2018, 06:43:51 AM |
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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?
I do not think people know it is a fraudulent coin. Investors who pour money into Bitcoin are not knowledgeable about Crypto. They are just greedy people and want fast money. Some people have been cheated because of lack of knowledge. I think that's the main reason. |
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Kekenapep
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Activity: 84
Merit: 3
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August 28, 2018, 07:55:29 AM |
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They promised good returns and people were blinded by greed,as they thought they could get rich through it,it has become a regular feauture in the crypto world,people delving into systems that don't look 100% due to greed or so
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Dinuka Sampath
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Activity: 65
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August 28, 2018, 08:31:59 AM |
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As i think people can earn money for bitcoi.with work hard.and if we work with brain we can get a lot of profit form this.and they wanted crypto currency so they involved to bitcoi.
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aladlanie04
Newbie
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Activity: 114
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August 28, 2018, 08:52:23 AM |
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people thought bitconnect is not ponzi they are paying daily interest lending exchange with bitcoinnect coin generally they don't study how they function people only think they get daily % from their investment and referral comission , but actually when money flows in bitconnect they paid out to members the truth is so many members into this bitconnect because of youtube and videos some people post the videos that they earning hugely than other's with investment blah blah people get greedy and join into this ponzi scheme but finally blast out this scheme all money is gone.
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yitzjoe
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August 28, 2018, 09:01:16 AM |
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when people will join the pyramid scheme they should really understand the risks because if we are in the middle position to the top then we will get fantastic profits but if we are on foot assuming we join at the end of time then we will lose all our funds
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nutildah
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Activity: 2982
Merit: 7974
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August 28, 2018, 09:05:23 AM |
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Early adopters know they will have a bigger part than the later majority that will get fucked up.
Not necessarily. Early adopters in Ethconnect got zilch, like everybody else. Every time you knowingly invest in a Ponzi scheme, be prepared to lose all. There's so many different Ponzis right now that keep attracting people; in addition to the arbitrage schemes there's a bunch of different cloud mining scemes. Every time you see the words "arbitrage" or "cloud mining," think SCAM in your head. You'll be better off. |
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itsamemario
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Activity: 114
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August 28, 2018, 09:11:06 AM |
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It has to be some level of greed. It was pretty obvious I don't understand people who put their life on a complete gamble. I hope nobody lost everything. Good people are often more willing to try things that might not be positive for them, it's stupid and sad.
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boyshx
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August 28, 2018, 09:16:42 AM |
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There is simple fact for this one, people love free money and when the bitconnect came in as forked coin then surely everyone would wanted to have the chances of getting this coin and sell it as soon as they got their hands on it. But the project founder was also smart, he literally pumped the coin artificially and people started to think that its all new coin that will overcome the bitcoin prices in no time and thus in very short term other people also invested heavily into this coin and then it got even pumped more. But this was failure to not to understand the coin properly and everyone got scammed later on.
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sammyp
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August 28, 2018, 09:23:32 AM |
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I’m not a victim but it’s the “Oliver Twist” ( I want more) in us. Even as at the time it became very clear that bitconnect was a scam, a friend of mine still had some greed in him. He invested in bitconnect when it came down as low $3 and asked me to watch him sell at $50 within a week. I’m still waiting for him to sell and take me to lunch from that profit. It’s simply the greed in us that makes us ignore the word “scam”.
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itsamemario
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August 28, 2018, 09:29:03 AM |
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I think people hope they can get in and out before it goes bust. Then when they see they actually get paid for a period of time, they want to start believing that it's really that good, so they find information and ideas to back the 1% part of their mind that says hey, what if it is real. And then... reality.
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nutildah
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August 28, 2018, 10:08:55 AM |
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i was also invested my 5000$ ino bitconnect, and i lost all my 5000$ but now i found another website for investment , the website is geniun because the website owner floyd is live in chicago and they are genrating profit by our paykeyy shopping malls, site is paykeyy.com
i am tracking the website since 4 months they guys paying in real and they have really shopping malls in chicago , so i think we can try paykeyy with little amount ,
Your website, paykeyy, is absolutely 100% a scam. It's simply another Ponzi scheme. Any time any "program" offers guaranteed returns, especially as high as this one, its definitely a scam. You might get back some of your capital but I bet you anything you will not get back your original investment.  I notice you selected "Test." In that case you might get back $20 to $22. But that is to trick you into thinking the site is legitimate, which I guarantee you, is not. |
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