Bitconnect likely to be a ponzi - page 2.

bonusdeposit

full member

Activity: 224

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Quote from: robelneo on April 13, 2017, 08:55:07 PM

Quote from: TRF on April 13, 2017, 11:41:10 AM

I had this doubt since they began, and time after time i think i'm right.

If that what keeps you from investing then you have something to cry now if you bought it in their ico you would have a huge profit but now you have yourself to blame nobody can argue with success,they will soon enter the top ten in the coinmarketcap .

It's growth fast and bigger for my country.

nrd525

legendary

Activity: 1868

Merit: 1023

Escrowed bets. But you need to find someone to take the opposite side. You can try indirect methods like shorting Bitcoin - but there are too many factors at play for BitConnect to be dominate.

CoinHeavy

full member

Activity: 221

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Do any instruments exist at present by which one could short Bitconnect?

BitcoinExpart

sr. member

Activity: 476

Merit: 250

Quote from: ?? on ??

I've followed Bitconnect since their early days & not once did I doubt them being a Ponzi scheme, the lending does seem fishy but one can't just factor that in and call it a Ponzi.
Its an exchange for Bitcoin trading and the price of bcc is always related to ups and downs of Bitcoin prices

BitConnect likely ponzi scheme as the model and features indicate that. I would be very happy to see BitConnect going to ponzi. I guess, people will lose so much money when it will crash. My experience, It is a really nice example of a ponzi scheme.

nrd525

legendary

Activity: 1868

Merit: 1023

Somz1 if you believe it isn't a ponzi, you should take my escrowed bet at fairlay. 50/50 odds, double your money if Bitconnect Coin stays above $5 on May 1, 2018. That is right. I'm predicting a 95% crash in the price - which would be extremely unlikely, unless it was a ponzi.

https://old.fairlay.com/market/bitconnect-coin-below-5-on-may-1-2018-2/

creative~mind

jr. member

Activity: 56

Merit: 10

So, it's some kind of decentralized lending platform? How can this work without people giving real world identities?

Asyifiah

sr. member

Activity: 686

Merit: 262

Enterapp Pre-Sale Live

Lending bitconect likely ponzy scam but bitconect its real cryptocurrency .
I never buy or play bitconect .

nrd525

legendary

Activity: 1868

Merit: 1023

Please join me in reporting the Youtube videos of scammers that are promoting this ponzi. I bet if several people do it we could bring down the Youtube videos and cause the ponzi to collapse, saving would-be victims millions of dollars.

Cristoforo

newbie

Activity: 1

Merit: 0

Hello

I am new to the Crypto-scene which attracts me for both the technical aspect and the earnings opportunities.

This bitconnect is being promoted everywhere and for a moment I got excited about it (I thought it was some kind of implementation of smart contracts) but I got a feeling that this is too good to be true and this thread fuels my suspicions.

If cryptos get associated with ponzis, all cryptos will get a bad name which would be a pity. Right now states like Estonia and Malta are getting interested in the blockchain technology which is really promising and could boost the value and stability of the cryptos.

As regards to bitconnect, if the lending is legit and that profitable, there is no need to have Bitconnect Tokens, the system could work with Bitcoins or Ethers.

Cris

ManUp

newbie

Activity: 10

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Buyer A uses BTC to buy Bitconnect Coin (BCC), which is traded almost exclusively on BCC's own exchange. Buyer B buys BCC and his money is used to pay Buyer A. Buyer C buys BCC and his money is used to pay Buyer B. When the supply of new investors eventually dries up, the whole thing will collapse and those at the end of the chain will be left with a worthless token. This is the very definition of a Ponzi/MLM scheme.

Macht

member

Activity: 68

Merit: 10

I just found out about it and I'm a bit shocked that noone in my social bubble talked about this scam. But I think they don't know anything about it and a lot of people only stumbled upon it after the Bcash fork. I now believe we should use BCC ticker for bcash and oust this scam wherever possible. I thought about asking prominent btc people with a lot of followers to investigate bitconnect and publicly denounce it as a scam. The more people are warned, the better, right?

hello_good_sir

hero member

Activity: 1008

Merit: 531

Quote from: minerus on August 13, 2017, 06:51:59 PM

I'm in the process of putting my money into this, I'm not putting more than Im willing to lose if it turns out to be a sham. I personally cant make sense of it, It seems like a complete pyramid scheme and will eventually implode. Lets see what you guys have to say about it?

Thank YOU! Huh

To my understanding Bitconnect isn't an altcoin, but rather an investment platform. I'm not sure why people are still constantly buying into this and pumping this up.

Whether or not bitconnect has any sort of value solely depends on their "bitcoin volatility software" being able to work as kyraishi pointed out. There are admins working behind it, meaning that it is a centralized ponzi instead of any sort of legit crypto. Bitconnect itself is nothing special at all.

Plus, how are they able to provide consistent interest of over 0.1% per day guaranteed on top of bitcoin volatility software interest?

Even risky investments irl can't achieve these sort of returns. Don't invest, if you do not want to get scammed.

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

Quote from: Kyraishi on August 12, 2017, 11:57:53 PM

Exactly. I think a big part of this ponzi scam is the fact that prominent bitcoin youtubers are heavily promoting it, and saying that it's not a ponzi scheme etc. Also, the fact that it is marketed as a cryptocurrency just makes things worse.

This is NOT a decentralized cryptocurrency. The value of the whole thing depends on the interest being credited and the bitcoin volatility bot which is most likely imaginary to work. This has nothing to do with connecting people whatsoever.

This is an issue that needs to be looked at, i'm actually surprised at the fact hat nobody talked about this for 3 months now.

yeah man exactly , but newbies in general mostly don't know about the forums here me myself I was introduced to bitcoin way before I was introduced to bitcointalk
I would say over 80% of members here know already that this site is scam , but newbies who only bought bitcoin and just watch random youtube videos wont figure this our
I would say the best part is to create threads here about shady youtubers who promote these sites also people who fake others with gambling methods saying that it work and makes money and then report all the channels and rain them with negative comments

Kyraishi

hero member

Activity: 952

Merit: 513

Quote from: SyGambler on August 12, 2017, 11:42:51 PM

bitconnect is a clear ponzi , it doesn't need a genius to figure out
still you will be able to break even fast if you promote it and got tons of referrals , but it's not a good thing to do
you can see some youtube scammers like Trevon James and Craig Grant , they are making tons of money daily by fooling their referrals
they haven't invested more than 1K but the commissions are high since some newbies are being fooled by the numbers they are making daily
here is a youtube video discussing this ponzi and the acts of these two guys
https://www.youtube.com/watch?v=rzkuJi4FNJs

even trevon disabled comments in his channel also he is hiding the like/dislike so newbies can't read the negative comments on his videos

Exactly. I think a big part of this ponzi scam is the fact that prominent bitcoin youtubers are heavily promoting it, and saying that it's not a ponzi scheme etc. Also, the fact that it is marketed as a cryptocurrency just makes things worse.

This is NOT a decentralized cryptocurrency. The value of the whole thing depends on the interest being credited and the bitcoin volatility bot which is most likely imaginary to work. This has nothing to do with connecting people whatsoever.

This is an issue that needs to be looked at, i'm actually surprised at the fact hat nobody talked about this for 3 months now.

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

bitconnect is a clear ponzi , it doesn't need a genius to figure out
still you will be able to break even fast if you promote it and got tons of referrals , but it's not a good thing to do
you can see some youtube scammers like Trevon James and Craig Grant , they are making tons of money daily by fooling their referrals
they haven't invested more than 1K but the commissions are high since some newbies are being fooled by the numbers they are making daily
here is a youtube video discussing this ponzi and the acts of these two guys
https://www.youtube.com/watch?v=rzkuJi4FNJs

even trevon disabled comments in his channel also he is hiding the like/dislike so newbies can't read the negative comments on his videos

NewbCoins

full member

Activity: 168

Merit: 100

Quote from: aioc on March 25, 2017, 01:25:31 PM

Let's focus now on facts

This is what Bitconnectcoin has accomplished so far 5 months after their ico

They are now in the 26th spot in coinmarketcap one of the fast rising coin who gets in the top 30

https://coinmarketcap.com/currencies/bitconnect/

They have triple their ico price...

ponzi scam always go up at beginning. it only go down big one time. when you lose everything. remember it

if bitconnect get too big and then it go under, all crypto even bitcoin will crash a lot

Papski

sr. member

Activity: 336

Merit: 250

Quote from: GTTIGER on April 23, 2017, 10:11:43 PM

Quote from: aioc on April 23, 2017, 09:38:52 PM

Quote from: GTTIGER on April 23, 2017, 12:22:19 PM

Quote from: robelneo on April 23, 2017, 03:22:47 AM

Quote from: GTTIGER on April 22, 2017, 06:18:47 PM

Anyone watch that craig grant guy on youtube sending all those sheeps to the slaughter. It's ridiculous. I guess money does leave fools.

You cannot sustain your observation because so far none of ico participants or early investors lost their money in fact some of them now richer thanks for Bitconnectcoin 1000% growth

We will know in 100 something days. I mean seriously, bitcoin volatility software.. what? There is no free lunch.

You are not doing a good research in the history of Bitconnectcoin https://coinmarketcap.com/currencies/bitconnect/
the ico price was $1 and check out their price now,Bitconnectcoin is now in the top 15 spot and I can give you 500 more days to prove Bitconnectcoin.

Now is the inflection point. It lasted this long because most of the Ico participants were the scammers.

They are part of the scam check out on how they promote it without even providing legitimacy to this scam. They cant even provide info about the volatility software lmao besides didi you even check the new coins being generated miners only gets 15 while there is a new block generates 100BCC hahaha this shills are very stupid.

GTTIGER

sr. member

Activity: 527

Merit: 250

Quote from: aioc on April 23, 2017, 09:38:52 PM

Quote from: GTTIGER on April 23, 2017, 12:22:19 PM

Quote from: robelneo on April 23, 2017, 03:22:47 AM

Quote from: GTTIGER on April 22, 2017, 06:18:47 PM

Anyone watch that craig grant guy on youtube sending all those sheeps to the slaughter. It's ridiculous. I guess money does leave fools.

You cannot sustain your observation because so far none of ico participants or early investors lost their money in fact some of them now richer thanks for Bitconnectcoin 1000% growth

We will know in 100 something days. I mean seriously, bitcoin volatility software.. what? There is no free lunch.

You are not doing a good research in the history of Bitconnectcoin https://coinmarketcap.com/currencies/bitconnect/
the ico price was $1 and check out their price now,Bitconnectcoin is now in the top 15 spot and I can give you 500 more days to prove Bitconnectcoin.

Now is the inflection point. It lasted this long because most of the Ico participants were the scammers.

aioc

hero member

Activity: 2926

Merit: 567

Quote from: GTTIGER on April 23, 2017, 12:22:19 PM

Quote from: robelneo on April 23, 2017, 03:22:47 AM

Quote from: GTTIGER on April 22, 2017, 06:18:47 PM

Anyone watch that craig grant guy on youtube sending all those sheeps to the slaughter. It's ridiculous. I guess money does leave fools.

You cannot sustain your observation because so far none of ico participants or early investors lost their money in fact some of them now richer thanks for Bitconnectcoin 1000% growth

We will know in 100 something days. I mean seriously, bitcoin volatility software.. what? There is no free lunch.

You are not doing a good research in the history of Bitconnectcoin https://coinmarketcap.com/currencies/bitconnect/
the ico price was $1 and check out their price now,Bitconnectcoin is now in the top 15 spot and I can give you 500 more days to prove Bitconnectcoin.

GTTIGER

sr. member

Activity: 527

Merit: 250

Quote from: robelneo on April 23, 2017, 03:22:47 AM

Quote from: GTTIGER on April 22, 2017, 06:18:47 PM

Anyone watch that craig grant guy on youtube sending all those sheeps to the slaughter. It's ridiculous. I guess money does leave fools.

You cannot sustain your observation because so far none of ico participants or early investors lost their money in fact some of them now richer thanks for Bitconnectcoin 1000% growth

We will know in 100 something days. I mean seriously, bitcoin volatility software.. what? There is no free lunch.

Topic: Bitconnect likely to be a ponzi - page 2. (Read 14364 times)