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Author Topic: Do you remember Bitconnect? I lost 3500 dollars in this pyramid!  (Read 1772 times)
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August 05, 2018, 08:42:16 PM
 #41

Hi, let's remember bitconnect!
This was the most popular cryptocurrency pyramid, in which many lost their money. So, I'm one of them.
I was a fool and I believed that I could make a lot of money. In the end, I lost all my money.
I wonder how many such fools like me? Are there people who have earned on this?

I also lost a few bitcoins here and there in a few ponzi schemes when I was a newbie and thought of quickly multiplying my money but every time the websites turned to be fake and always ran away with my hard earned bitcoins. So I learned a lesson the hard way that there isn't any get rich scheme in this world and you have to work hard to make money.

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August 05, 2018, 08:44:35 PM
 #42

At least you have admitted that you committed something wrong with your money by investing wrongly. I didn't invest to this since I was too lazy investing into such coins and there are also people who helped the community to expose it as a scam so if you have been warned and you didn't listened it's your problem. I'm sure that you won't do the same mistake.

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August 07, 2018, 10:16:56 AM
 #43

Bitconnect was created by fraudulent organization, although I invested in it with the little of money I have at that time.
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August 08, 2018, 09:18:12 PM
 #44

At least you have admitted that you committed something wrong with your money by investing wrongly. I didn't invest to this since I was too lazy investing into such coins and there are also people who helped the community to expose it as a scam so if you have been warned and you didn't listened it's your problem. I'm sure that you won't do the same mistake.
Everyone makes mistakes from time to time the most important thing is to recognize it and never make the same mistake again, while I was not scammed I also invested in an ico and lost some money with it, but now I have learned my lesson and will not touch icos again, it is sad because some honest developers will not get the chance to develop their projects but with so many scams around I cannot take the risk.

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September 10, 2018, 12:29:49 PM
 #45

I lost a lot of money to bitconnect pyramid. I was foolish enough not to see it as a scam until I sold some of my properties to invest in it with the hope of earning profit. Although it is a lesson well learnt in a hard way but I still felt very bad whenever I remember those properties I sold for buying bitconnect coin.
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September 10, 2018, 01:00:48 PM
 #46

No wonder it was the biggest scam of all time. Literally bitconnect had no problem or shame telling that they are unfortunately closing themselves and we are closing our projects. That was the worst thing to see coming our way at that time. I have also lost huge amount in the process and I am pretty sure that people must have learnt a lesson which told them to stay away from the forked coins. This is what happened now, most of the forked coins are not getting invested that much. They are not even tried and tested with the 1:1 bitcoin to fork ratio and get the free coins type of strategy as people know ots risky to do so and they may lopse money. Literal way of loosing our money. 

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September 10, 2018, 01:06:36 PM
 #47

Bitconnect was created by fraudulent organization, although I invested in it with the little of money I have at that time.
Yeah, its really a shit ponzi scheme, I feel sorry for the victim of that shit.
Well, luckily I don't invest that time because I know in the first place that it is a scam, I just hope that we learned a lot from this kind of ponzi investment so in the future we will not become a victim again. Cryptomarket is really vulnerable for this kind of scam, so we should be more careful.
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September 10, 2018, 01:08:45 PM
 #48

They had everyone fooled back then, Ponzi schemes are never sustainable and most persons who joined especially at the latter part get hurt. The good news is that those who were behind it are getting caught one by one
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September 10, 2018, 01:45:51 PM
 #49

Bitconnect was created by fraudulent organization, although I invested in it with the little of money I have at that time.
Yeah, its really a shit ponzi scheme, I feel sorry for the victim of that shit.
Well, luckily I don't invest that time because I know in the first place that it is a scam, I just hope that we learned a lot from this kind of ponzi investment so in the future we will not become a victim again. Cryptomarket is really vulnerable for this kind of scam, so we should be more careful.
it can be bad experience for us and in future we shoud becarefull with project that has similarity with bitconnect.victim from cryptocurrency market too much already.and we must educate to new investor.
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September 10, 2018, 05:02:54 PM
 #50

Hi, let's remember bitconnect!
This was the most popular cryptocurrency pyramid, in which many lost their money. So, I'm one of them.
I was a fool and I believed that I could make a lot of money. In the end, I lost all my money.
I wonder how many such fools like me? Are there people who have earned on this?



I remember the mentioned by the OP but not a fan and I never for once bought the coin. However, the only coin I bought which I also lost money back in the 2016 was Cloakcoin and Dogecoinm. I learn most of experience in cryptocurrency trading and investment through the coin.

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September 10, 2018, 05:53:09 PM
 #51

Gotta get my 2 cents in on this thread...

Last November I used to rage so hard on people making bitconnect videos on youtube, I couldn't believe people were promoting it who had little to no experience in crypto.

Ya a lot of people lost money but in my opinion the people who were hurt the absolute most were the multi-level-marketers!

Think about it, bitconnect was the epitome of a multi-level-marketer's dream, no products/packages to sell, just buy this, click some buttons and Wa-Lah!! Passive income.

They all through there reservations aside and put all their money (and family's money) in before understanding the risk. Rekt  Undecided Undecided
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September 10, 2018, 06:26:16 PM
 #52

Hi, let's remember bitconnect!
This was the most popular cryptocurrency pyramid, in which many lost their money. So, I'm one of them.
I was a fool and I believed that I could make a lot of money. In the end, I lost all my money.
I wonder how many such fools like me? Are there people who have earned on this?

It is very disappointed. I also lost almost $100 into Bitconnect. But it was very lower amount than your Wink
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September 11, 2018, 01:44:43 AM
 #53

some of my friends have the same fate as you, they invested all the funds they had, but they didn't get anything, fortunately I wasn't tempted by their invitation to join in the pyramid investment, such a pyramid business was very tempting, they gave a huge advantage to attract their victims, so I give advice so as not to be tempted by the promise of the great benefits offered by a project because it is an indication that it is a pyramid or scam project
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September 11, 2018, 02:27:09 AM
 #54

Lending is always very complicated. The point is people do not just want to buy something and wait. They want something that offers 100x per day. Even without fully understanding how that would be possible. Ignorance of the basic knowledge of economics and how markets work is absurd.

All the projects that promote great shows, big events. With artists, musics and lots of smiles, they will eventually be shown as scans.
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September 11, 2018, 04:11:41 AM
 #55

Hi, let's remember bitconnect!
This was the most popular cryptocurrency pyramid, in which many lost their money. So, I'm one of them.
I was a fool and I believed that I could make a lot of money. In the end, I lost all my money.
I wonder how many such fools like me? Are there people who have earned on this?

I do thinj it was a scam from the very start, feels so bad that so many people are got scammed by bitconnect and i do read about the ceo of bitconnect is free and not in jail right now.

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September 11, 2018, 04:19:11 AM
 #56

Who could forget?
What funny is that bitconnect is still being traded and its price is not going to the bottom. What do people think ?
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September 11, 2018, 04:31:15 AM
 #57

Hi, let's remember bitconnect!
This was the most popular cryptocurrency pyramid, in which many lost their money. So, I'm one of them.
I was a fool and I believed that I could make a lot of money. In the end, I lost all my money.
I wonder how many such fools like me? Are there people who have earned on this?

how about NXT?? i also experienced the same thing as bitconnect on NXT, is it possible that NXT will be able to touch the high price where I bought it? i loss so much money on NXT  Embarrassed
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September 11, 2018, 04:53:05 AM
 #58

I know that it's a pyramid scheme from the start but I bit the bullet and put some money in it last year about june or july I don't remember the exact time. At that time i think there's still enough time to break even from it and my guess is correct and i get all my money back plus some profit, i decided to get out when there's a lot of youtube videos about bitconnect as i feel it won't hold for much longer.

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September 11, 2018, 05:29:31 AM
 #59

In memory of bitconnect. The pyramid scam but don't be too harsh on your self, we are all wired to always hope for the best, its one common characteristics of investors. I would have invested in bitconnect but lack of funds at that time saved me from the scam. My advice to investors is never to ignore the warnings and ensure you do your research before committing funds to any scheme.
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September 11, 2018, 05:57:38 AM
 #60

Bitconnect could potentially be the greatest scam in the history. Bitconnect uses a new methodology in form of ponzy scheme, and they do it successfully. Even though the scam system is actually crystal clear.  Some people, who are heavily invested are defending and promoting it. They hypnotized the mainstream into believing it actually works.
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