Topic: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency - page 81. (Read 384600 times)

I'm starting to wonder if people really understand how crypto or even ICOs work. Yes many stocks and securities are the same and don't pay dividends etc but in this unregulated space, ICOs are just a way to raise funds. The underlying asset people buy is not linked to the profitability of the company issuing the tokens/coins. It is just one big Ponzi scheme (as people like to call it) and nobody will be able to cash it all in at anything like the same average value paid. The company already have all the funds and just gave you tokens in exchange. The only reason they hold value is people are reluctant to sell at less than they paid unless some bad news hits. Are people really this delusional and think any sort of crypto has any underlying value related to the company they just sent free money too? When to avoid any similarities to securities in USA, they have to be careful about sharing profits (although this hasn't stopped many and no court cases have resolved this issue as it's mainly unregulated everywhere).

Saying that, as people like to go after all these 'scams' that seem to be more profitable to the average crypto investor than most others, here is a long list of portals that specialise in promoting 'lending platforms', the new 'evil' that makes everyone a lot more money on average than most other ICOs.

Also, I keep seeing messages on this forum of how bitconnect has no value but people don't seem to write about how their BitconnectX ICO raises $13million each day (or at least a couple of million if people are paying in BCC tokens mostly now - before they allowed BCC at $150 value they were scertainly making over $13million each day). Doesn't this suggest they have a much brighter future than most other companies out there?


Lending Platform portal sites (let's all get them shut down   and get the owners jailed   )  :
(by the way, people orchestrating this hate on these good crypto models, whether deliberately or otherwise, are harming people whilst at the same time galvanising support for cryptos in general in an unhealthy and corrupting way - this is how governments and societies have always controlled people and I'm sure some people understand how it works and it's not all been a random occurrence - and do you think the people orchestrating this corruption are good people ??)

http://icoreview.site (one of the most popular and dedicated only to these bitconnect clones)
https://www.ffffffico.com/
http://cryptolendingreview.com
http://lendingICOs.com
https://ico-verifiedlist.com/lending-icos/
http://cryptolendingcompare.com/
https://www.topbitcoinlendingsites.com/
https://cryptolending.review/
https://www.cryptolendingico.com/
https://www.cryptolendingprograms.com/

Those are just 10 but there are many more. Lets all get them shut down and jailed !!  

No, it suggests there are a lot of bag holders with worthless coins.

So, like they have done once before, they are hopping on the merry-go-round in the hope of getting something out of these worthless coins -- ignoring that they again will leave others holding the bag when the inevitable happens.

Now, please, ignore what I told you before, tell your teachers and parents what your username is on bitcointalk.org -- maybe they can slap some sense into you.

Also, I keep seeing messages on this forum of how bitconnect has no value but people don't seem to write about how their BitconnectX ICO raises $13million each day (or at least a couple of million if people are paying in BCC tokens mostly now - before they allowed BCC at $150 value they were scertainly making over $13million each day). Doesn't this suggest they have a much brighter future than most other companies out there?

I understand,but would i see one who invested 200 000$ and got profit and cry here that its a scam? its like ,when you invest money and get profit,its fine,but when you loose its a scam,i see this with every ico,with every coin that bought by someone on price peak,even from those who bought bitcoin @20 000$+ now they cry . IF people do not understand how things work here,better dont put money here,but everyone wanna get easy cash in cryptoworld. I lost a lot of profit myself,but its how things work here for now.

the problem is these kind of scams hurt crypto or other virtual currencies, that is what we want to prevent.

I hope this gets delisted, so all these whiners can forget and move on.

so , whats the end of the story ? is bitconnect back again or no ?

Thats not how it works buddy, All those gains are subject to claw backs on recovery of funds. just like Madoff people who cash out early, were not allowed to keep those gains. All the ICO investors will be subject to Claw Backs.

Are you new to Ponzis in general? Pirateat40's BS&T let people withdraw whenever they wanted to, without losing any interest. It was still a Ponzi.

Letting people withdraw their capital proves nothing, because the idiot victims are too stupid to realize that they have given their money to a scammer, so they leave it with him even when the have the option of withdrawing.

Are you new to Ponzis in general? Pirateat40's BS&T let people withdraw whenever they wanted to, without losing any interest. It was still a Ponzi.

Letting people withdraw their capital proves nothing, because the idiot victims are too stupid to realize that they have given their money to a scammer, so they leave it with him even when the have the option of withdrawing.

DavorCoin is truly going to be the best lending platform now.

They've found a great new way to encourage lending. They allow people to get their capital release anytime they choose. They just have to pay back the interest (only up to the first month and half of month two's). This should stop all the Ponzi accusations as this proves they don't have any trouble returning these loans whenever anyone wants them back and also keeps customers in control of their own money. Genius.

Interesting,all who bought @ 0.20-1$ and sold @ 200$+ also unhappy? people,this is crypto,look @ coinmarketcap,bitconnect from 0.12$ to 400$+ and people started talking that its a scam at begin,we have winners and losers,someone got lambo,someone bought him that lambo,thats all,you can write whereever you want,but if i got that coin @20 cent and sold it to YOU for 200$+ its your problems,not mine.

Interesting,all who bought @ 0.20-1$ and sold @ 200$+ also unhappy? people,this is crypto,look @ coinmarketcap,bitconnect from 0.12$ to 400$+ and people started talking that its a scam at begin,we have winners and losers,someone got lambo,someone bought him that lambo,thats all,you can write whereever you want,but if i got that coin @20 cent and sold it to YOU for 200$+ its your problems,not mine.

This is sickening.

They are doing a lot things (still!). Running a pyramid scheme, a ponzi, market manipulation and god knows what else.

But what the hell man, you were paid in a funny-money that was kept at inflated levels using your real money. The only reason the price could stay at a specific level was because you kept fooling other people to buy your funny-money. All this while they are trickling out bits and pieces of their own stock of (5,000,000 premined) funny-money to keep the fucking circus going.

You are posting your garbage on a public forum, your shit won't go away. If authorities[1] come knocking on your door asking how you were involved in this shit, you can't deny it. It's posted right here on the internet. Forever.

Now wake up. Stop with your fucking attempts at ruining more people.

[1] You are delusional if you think it will stop at these two cease and desists. This shit will keep on coming for the people involved. The whole nonsense that they don't have papers to operate in a few jurisdictions is just a stop-gap to put an immediate halt to the scam. This will not go away, you have merely seen the beginning. This will get uglier.

WOW DavorCoin is truly going to be the best lending platform now.

They've found a great new way to encourage lending. They allow people to get their capital release anytime they choose. They just have to pay back the interest (only up to the first month and half of month two's). This should stop all the Ponzi accusations as this proves they don't have any trouble returning these loans whenever anyone wants them back and also keeps customers in control of their own money. Genius.

Others are also going to copy this.

Everyone has to get into this platform now:

https://thenextweb.com/hardfork/2018/01/25/bitconnect-lawsuit-florida/

BitConnect hit with class action lawsuit from six victims who lost over $770,000

Judgement day has come for BitConnect: The Southern District of Florida handed the shifty Bitcoin investment lending platform its first class action lawsuit yesterday, alleging the company swindled the plaintiffs for a sum exceeding $770,000.

The case, brought by six former investors, names several BitConnect branches registered in the UK. More interestingly though, it also goes after local promoters who blatantly hyped the investment scheme on YouTube and other social media channels.

Among others, the lawsuit lists BitConnect affiliate marketer Glenn Arcaro, who holds a director position in the company according to the British Companies House registrar. It also names Trevon Brown (better known as Trevon James around the web), Ryan Hildreth, Craig Grant, CryptoNick (filed as John Doe) and several other unnamed promoters.

The document bizarrely opens with a reference to the song Welcome to Wonderland from the Broadway play Wonderland.

“Sure enough the crypto-Wonderland created by BitConnect was too good to be real,” the document reads. “As the business’ closure in January 2018 revealed a Ponzi scheme, numerous securities laws violations, and thousands upon thousands of investors who lost [more than] 90 percent of their holdings.”


According to figures in the filing, the plaintiffs lost sums ranging from $11,500 to $200,000. “Plaintiffs and Class Members seek compensatory and equitable relief rescinding their investments in BitConnect and restoring them the assets and funds they were fraudulently induced into investing,” the case insists.

For context, the case describes “Class Members” as any BitConnect investors with the exception of the defendants and any individuals commercially involved in the defendants’ affiliate marketing efforts. All investors that fit this criteria can join the class action against the company.

In a curious turn of events, some of the BitConnect promoters named in the lawsuit – including Arcaro and Hildreth – went on to wipe their entire YouTube channels when BitConnect received its first cease and desist orders from the Texas Securities Board and the North Carolina Securities Division.

Still, suspicious netizens were thoughtful enough to archive some of the promo footage before the marketers had a chance to pull it from their channels. Independent cryptocurrency sleuth Bitfinex’ed has since provided us with some of Arcaro’s deleted videos. You can access all of them from this link.