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Topic: bitconnect down the floor. Is lending dead? (Read 843 times)

jr. member
Activity: 48
Merit: 2
Sorry to say but many of the people was a victim of this altcoin (BCC). I couldn't imagine that those days of being generous of BCC especially in lending investment, many of us who ride in this altcoin enjoyed a lot when it comes to daily profit and helped a lot in our financial needs. But suddenly they surprise the people on a sudden stop of lending platform and gradually fluctuate the value of bitcoin from 400$ to .50cents. The developer become greedy and they don't ever think their investors situations.
member
Activity: 287
Merit: 10
BCC is the most famous project in the money market so far, but it has lost the trust of many investors in this market. Those who have rushed or invested without even thinking about risk high risk . It is now known that BCC is a large scale scam
newbie
Activity: 207
Merit: 0
This is a worthwhile lesson for me. It really was warned earlier. If ROI is too high with lending. Be careful with yourself. That can bring risks to investors. be careful. The recession of bitcoinnect was the main cause of the collapse of the lending platform and other projects were seriously affected.
member
Activity: 1176
Merit: 14
According to coinmarketcap they are down but not down:



This is very strange for bitconnect:



25% price increase, who is pumping this shit coin? What they expect to see from dead project which has  collapsed.
Good picture. That's more better than 1000 words! Anyway this is dead coin with some pumps. There are only 1 exchange. I've never heard about this exchange but maybe this exchange like Yobit or other pumps exchanges.
Be careful and don't buy this scam.
newbie
Activity: 56
Merit: 0
Currently lending systems such as Bitconnect are gone and replaced by new lending systems such as moneytoken,
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
since January 2018 bitconnect prices did fall to the floor floor. even until now until 2018 the price has not shown improvement, the possibility that bitconnet will die is very likely to happen



$0.411049 USD price based on marketcap and yes we can already consider this coins to be dead or just literally a shit coin included among other most coins.
We do able to see the current volume which is on $1k usd in 24 hours which does mean there are no already people do trade with it. Just as expected this coin will really turned out to be a failure due to good promises or returns and now we do see the result.
jr. member
Activity: 134
Merit: 5
It is very sad. If such an altcoin as Bitconnect turned out to be a scum, I do not even want to imagine what could happen in the future with other alcoins. Become very scary
almost all the lending coins that once had a high price have now become junk and worthless. when Bitconnect falls, davorcoin, regalcoin, and many others follow the breakdown of the coin lending generation. and I do not think there's any hope for them to succeed again.
full member
Activity: 546
Merit: 105
It is very sad. If such an altcoin as Bitconnect turned out to be a scum, I do not even want to imagine what could happen in the future with other alcoins. Become very scary
full member
Activity: 714
Merit: 102
since January 2018 bitconnect prices did fall to the floor floor. even until now until 2018 the price has not shown improvement, the possibility that bitconnet will die is very likely to happen

jr. member
Activity: 92
Merit: 2
But it will drop a lot more, but will still have people wanting to buy to have a supposed. "gain" so the rise.

Maybe I buy for 1 satoshi because among the big invested the bitconnect has no more credibility. And in this market, credibility is everything !!
full member
Activity: 574
Merit: 139
According to coinmarketcap they are down but not down:



This is very strange for bitconnect:



25% price increase, who is pumping this shit coin? What they expect to see from dead project which has  collapsed.
member
Activity: 1176
Merit: 14
good thing I thought from day one it would be a lie and didn't spend a cent. Although a very wanted and long looked for the coin. But he abstained, and now he is very happy.
Well now it cost about 44 cents, so we're close to your target! I don't know actualy who is holding this "coin" ?

Yes BCC lending is totally dead right now. i think that everybody know that BCC is a scam. but i like that guy that was yelling bitconnneeeeeeeeeeeect
BCC has almost disappeared since the beginning of 2018 after many BCC cases fell more than 100 times. BCC has led many ignorant investors to lose a lot of assets because of the huge returns paid under the MLM model. Investors should be cautious in the cryptocurrency market because it is a chance for scam projects to grow a lot.
BCC is the most famous ponzi project in the cryptocurrency market so far, it has lost the confidence of many investors in this market. I think lending programs will also die because investors certainly will not dare to participate in such projects.
that's true. On december 2017 and january 2018 BCC costs about 3 billion dollars and now only 3 million. Token went down 1000 times. That was tough experience for a lot of people.
member
Activity: 224
Merit: 31
Well the thing is on bull run when prices just keep on running these sort of schemes generally pay out their high interest rates and returns. Though it is only in bear market that these schemes come apart and the nature of these ponzi schemes becomes obvious. Take bitconnect here, most people in the crypto community were calling bitcconect a fraud since early july august of 2017 a whole 4-5 months before it actually collapsed, yet greed always seems to get the better of people.

Right now and always it is best to stay away from anything that markets it self as a lending scheme. Though take note that after bitconnect the tokens/icos will not really say they are lending schmes but some variation of that with a positive spin. Best to just stay away.
full member
Activity: 1489
Merit: 150
Yes BCC lending is totally dead right now. i think that everybody know that BCC is a scam. but i like that guy that was yelling bitconnneeeeeeeeeeeect
BCC has almost disappeared since the beginning of 2018 after many BCC cases fell more than 100 times. BCC has led many ignorant investors to lose a lot of assets because of the huge returns paid under the MLM model. Investors should be cautious in the cryptocurrency market because it is a chance for scam projects to grow a lot.
BCC is the most famous ponzi project in the cryptocurrency market so far, it has lost the confidence of many investors in this market. I think lending programs will also die because investors certainly will not dare to participate in such projects.
forget the BCC and this is a nightmare. I do not even want to discuss this anymore.
wasting time and there will be no discussion other than disappointment. Angry
member
Activity: 392
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
Yes BCC lending is totally dead right now. i think that everybody know that BCC is a scam. but i like that guy that was yelling bitconnneeeeeeeeeeeect
BCC has almost disappeared since the beginning of 2018 after many BCC cases fell more than 100 times. BCC has led many ignorant investors to lose a lot of assets because of the huge returns paid under the MLM model. Investors should be cautious in the cryptocurrency market because it is a chance for scam projects to grow a lot.
BCC is the most famous ponzi project in the cryptocurrency market so far, it has lost the confidence of many investors in this market. I think lending programs will also die because investors certainly will not dare to participate in such projects.
jr. member
Activity: 197
Merit: 1
That it has value to the community. Do not lend to lenders only enrich some people and take away a lot of money from a lot of people Grin
member
Activity: 151
Merit: 10
good thing I thought from day one it would be a lie and didn't spend a cent. Although a very wanted and long looked for the coin. But he abstained, and now he is very happy.
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
in fact it is a very difficult task and it is very difficult to hope for real prospects in the future. Especially since it will be very difficult for newcomers to deal with this. Do you think that investing is a real direction for those who want to create a business?
You're getting too far from the real topic here about bitconnect.

Lesson learned for those people who did rush up or did invest without even thinking up the possible risk behind.
Yeah these people are riding the hype and they think that they can become rich through as fast as lightning. But the real thing is if the scheme is an obvious scam, get out of it while it is early. There are investors who can't get out of it and I've seen someone invested $10,000 to Bitconnect and now it only cost $10, that's painful.
newbie
Activity: 32
Merit: 0
I`m be rich with ETrader_Bot for Satoshi Nakamoto: https://www.bitcointalk.org/ETrader-Bot-Best-Software-For-Trading/ . You can be rich to.
sr. member
Activity: 1008
Merit: 355


There are many big lessons we can learn from the Bitconnect experience. Honestly, I was one of the members of Bitconnect and though it pained me that it eventually died the expected death of a pyramid scam, I was able to recoup the small amount (around $100) that I invested at the start. We were then thinking that maybe BCC can be able to survive but when news of many cease and desist orders came in the whole thing started to spiraled out of control. The business model can not anymore take the blows...as the whole thing was just based on confidence of the existing members and those coming in. Yes, the same lending platform can be dead however we should not confuse this with those legitimate lending programs which are really doing the normal lending. The definition of 'lending' was quite and technically different in the Bitconnect ecosystem.
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