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Topic: Bitconnect crumbles -crash- (Read 280 times)

sr. member
Activity: 644
Merit: 261
January 16, 2018, 09:55:20 PM
#25
It's unfortunate for those who invested into it especially those who invested just recently because they were not able to get back their investment. I can't say though that it is not their fault because all they need is just a simple google research and they will see all the signs of being a scam and still they push through because they can see that others are earning from it. There are others who were able to get back their capital and more capital for those early investors but for those who are late then I hope they can still get back their investment. I've been a victim of a ponzi scheme because of greediness before so I hope this will serve as a lesson to not invest in any kind of investment like that in the future.
jr. member
Activity: 224
Merit: 3
January 16, 2018, 09:54:04 PM
#24
of course any time market will crash, but it will surge again
full member
Activity: 788
Merit: 100
January 16, 2018, 09:52:52 PM
#23
Haha not suprise brother
Bitcoinect is another Ponzi scheme, Every ponzi scheme always crash and coming to zero next time
welcome to ponzi scheme Smiley
sr. member
Activity: 308
Merit: 250
January 16, 2018, 09:51:16 PM
#22
Everyone saw this coming even the people who invested into it.
full member
Activity: 434
Merit: 104
Esport Ecosystem
January 16, 2018, 09:48:04 PM
#21
Iam so lucky because i bought this coin at $1,7 and sell all coin a few week ago at $300.  In my opinion All lending coin will be happening the same case will be drop alot, firstly Regalcoin dropped from $80 to $2 and now Bitconnect and can be continue for all others lending coin because all lending coin only use ponzi scheme to pay profit of lending program to the their member.

and dont forget that developer has a lot of bitcoin because they have own exchanger to collect BTC IMO. feel so sad to the member and supporter of this coin but all lending platform are bad invesment I think.
same thing will happen to the bitconnectX, the ICO price is $50 and this was so f***in sick. how they will get the vallue after ICO if bitconnect end up like this
full member
Activity: 588
Merit: 100
January 16, 2018, 08:42:30 PM
#20
Iam so lucky because i bought this coin at $1,7 and sell all coin a few week ago at $300.  In my opinion All lending coin will be happening the same case will be drop alot, firstly Regalcoin dropped from $80 to $2 and now Bitconnect and can be continue for all others lending coin because all lending coin only use ponzi scheme to pay profit of lending program to the their member.
member
Activity: 112
Merit: 10
January 16, 2018, 08:19:52 PM
#19
all crypto are ponzi.  Look up the definition of a ponzi scheme.  its new buyer who support old buyers without any true worth.  Cryptos have nothing backpacking them.  The dollars has Gold, silver and credit but cryptos on have an idea.  They way cryptos buy and sell on an idea make them all a part of a ponzi scheme

well. for some reason u are right.. if we look at the big picture, creating coin from thin air..then sell it for $$, we are all ponzi after all..just in different time frame Cheesy
full member
Activity: 336
Merit: 102
January 16, 2018, 07:49:19 PM
#18
all crypto are ponzi.  Look up the definition of a ponzi scheme.  its new buyer who support old buyers without any true worth.  Cryptos have nothing backpacking them.  The dollars has Gold, silver and credit but cryptos on have an idea.  They way cryptos buy and sell on an idea make them all a part of a ponzi scheme

You can't have a ponzi scheme unless there's a mechanism for new money to come in, as was the case with Bitconnect.  Few cryptos fit this pattern.  
jr. member
Activity: 185
Merit: 1
January 16, 2018, 07:48:07 PM
#17
all crypto are ponzi.  Look up the definition of a ponzi scheme.  its new buyer who support old buyers without any true worth.  Cryptos have nothing backpacking them.  The dollars has Gold, silver and credit but cryptos on have an idea.  They way cryptos buy and sell on an idea make them all a part of a ponzi scheme

The dollar is debt.
newbie
Activity: 46
Merit: 0
January 16, 2018, 07:43:27 PM
#16
all crypto are ponzi.  Look up the definition of a ponzi scheme.  its new buyer who support old buyers without any true worth.  Cryptos have nothing backpacking them.  The dollars has Gold, silver and credit but cryptos on have an idea.  They way cryptos buy and sell on an idea make them all a part of a ponzi scheme
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
January 16, 2018, 07:33:26 PM
#15
Well so far for the notorious ponzi bitconnect, it crashed after repeated cease and desist orders to which it responded by closing down the exchange and lending platform.

Price crashed from mid 200 to 29 dollars, up for a bit in the high 30s.. but I expect to see this at 0 tomorrow

So many Bitconnect threads being posted today. Did you invest in it and get your coins out from it or are you just giving us information on it?

Didnt see any threads and I thought it was worth a thread. But no I didn't put any money into this, I told some people specifically not to put money into it but they didn't listen.

People get greedy. It didn't help that some exchanges designated Bitcoincash as BCC, so some people got confused between Bitcoincash and Bitconnect.
newbie
Activity: 28
Merit: 0
January 16, 2018, 07:30:35 PM
#14
I don't feel bad for ANYONE that threw their money at this scam.  If you took 3 seconds to google before investing, you wouldn't have touched this crap.  And many people knew it was a scam and still were too greedy to avoid it.  Well now those people caused a general market crash affecting all of us.

Market isnt crashing because of BCC, sell offs are usual this time of year, same happens in the stock market. To think that BCC crashing can cause the whole market to crash is giving it to much credit.

I agree. I don't think market cares BCC at all.
full member
Activity: 406
Merit: 111
January 16, 2018, 07:26:44 PM
#13
I don't feel bad for ANYONE that threw their money at this scam.  If you took 3 seconds to google before investing, you wouldn't have touched this crap.  And many people knew it was a scam and still were too greedy to avoid it.  Well now those people caused a general market crash affecting all of us.

Market isnt crashing because of BCC, sell offs are usual this time of year, same happens in the stock market. To think that BCC crashing can cause the whole market to crash is giving it to much credit.
full member
Activity: 336
Merit: 102
January 16, 2018, 07:01:33 PM
#12
I don't feel bad for ANYONE that threw their money at this scam.  If you took 3 seconds to google before investing, you wouldn't have touched this crap.  And many people knew it was a scam and still were too greedy to avoid it.  Well now those people caused a general market crash affecting all of us.
legendary
Activity: 2282
Merit: 3014
January 16, 2018, 06:57:49 PM
#11
My previous posts are littered trying to warn people. I don’t take any gratification over this. I wouldn’t be shocked to still see people supporting BCC. Let’s make one thing clear, they didn’t shut down because they knew how to do something NO ONE else could and it was “too good”. It was always a ponzi. Read more people.
newbie
Activity: 28
Merit: 0
January 16, 2018, 06:57:02 PM
#10
I'm kinda glad that it's shutting down. So many people were being cheated out by it.
full member
Activity: 406
Merit: 111
January 16, 2018, 06:56:32 PM
#9
Well so far for the notorious ponzi bitconnect, it crashed after repeated cease and desist orders to which it responded by closing down the exchange and lending platform.

Price crashed from mid 200 to 29 dollars, up for a bit in the high 30s.. but I expect to see this at 0 tomorrow

So many Bitconnect threads being posted today. Did you invest in it and get your coins out from it or are you just giving us information on it?

Didnt see any threads and I thought it was worth a thread. But no I didn't put any money into this, I told some people specifically not to put money into it but they didn't listen.

I don't even understand how people can buy such ponzi coin. This is just unbelievable for me. I don't even buy it if I know it will make 100x certainly, because I never spend my money on ponzi things.

People that aren't very smart, but to be fair there have been ponzi's such as the madoff ponzi that involved victims of much larger capital and intelligence such as steven spielberg. Also I think a lot of people we're to obsessed about the money they could make (greed) than to read between the lines and see it for what it is. Scammers get on your greedy side and feed that so you make irrational decisions.
newbie
Activity: 33
Merit: 0
January 16, 2018, 06:56:07 PM
#8
I feel bad for people who have involved in Bitconnect. It look like they lost all of their money after 1 night.  
However, This Ponzi - Bitconnect crash is a good sight for cryptocurrency.  
member
Activity: 275
Merit: 11
January 16, 2018, 06:52:50 PM
#7
I pitty those who joined this well crafted ponzi scheme,a moment of silence please to all those who got rekt with this scam.
Well i hope you guys learned your lessons,dont ever trust any project that has referral programs and easy money investments scheme,
Nothing in this world will give you instant money,rember this  : hard earned money is the hardest thing to spend in this cruel world.
sr. member
Activity: 476
Merit: 250
January 16, 2018, 06:45:45 PM
#6
Well so far for the notorious ponzi bitconnect, it crashed after repeated cease and desist orders to which it responded by closing down the exchange and lending platform.

Price crashed from mid 200 to 29 dollars, up for a bit in the high 30s.. but I expect to see this at 0 tomorrow

So many Bitconnect threads being posted today. Did you invest in it and get your coins out from it or are you just giving us information on it?

Didnt see any threads and I thought it was worth a thread. But no I didn't put any money into this, I told some people specifically not to put money into it but they didn't listen.

I don't even understand how people can buy such ponzi coin. This is just unbelievable for me. I don't even buy it if I know it will make 100x certainly, because I never spend my money on ponzi things.
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