Topic: BitConnect = Massive Ponzi Scheme (Read 1859 times)
How this scam is so high on marketcap!!
yes bitconnect is ponzi scheme. many people will get hurt. i never invest it
Same story everywhere. No self-implied thinking, just pure hate. Learn something about that coin first, and only then dare to say something wise about it.-link-
You also neglect to mention that users of investment schemes tend to compound their interest. By the time a user had kept their $100,000 in Bitconnect for two years at a rate of 1% per day, they would have accumulated 142 million dollars. By the time they had left it in for three years, they would have accumulated 5 billion dollars - an amount I think we can both agree is too much for Bitconnect to handle.
In your attempts to benefit from their referral program, you are yet another person becoming complicit in Bitconnect's massive scam which is right under the majority of people's noses.
Why has there been almost no discussion on BitConnect?
Everyone seems to be worrying about one-off instances where some support representative at a large exchange rips someone off, but nobody is noticing the fraud right under their noses!
BitConnect is promising users a high, risk free, return provided by some computer algorithm. Intuitively this makes no sense. It is impossible to have only profits, and no losses. 91% guaranteed monthly return? Who actually thinks this system can last?
Nobody knows who the developer is, nobody knows what the bot is; yet, the coin has $341mm market capitalization as of today. Not to mention that the whole website is littered with Indian-tier spelling mistakes.
In other words, the rouge developer is going to leave with $341mm worth of BTC in his pocket, and without a trace.
One day the site will be closed, and everyone will be left with worthless BCC.
How can people be so foolish? It's obvious that he is paying old investors with the proceeds of new investors.
The referral program is sucking people in. It's a complete scam, and it will come to an end.
Get out of BCC while you can. Mark my words. This will go down as one of the largest heists in cryptocurrency history.
Everyone seems to be worrying about one-off instances where some support representative at a large exchange rips someone off, but nobody is noticing the fraud right under their noses!
BitConnect is promising users a high, risk free, return provided by some computer algorithm. Intuitively this makes no sense. It is impossible to have only profits, and no losses. 91% guaranteed monthly return? Who actually thinks this system can last?
Nobody knows who the developer is, nobody knows what the bot is; yet, the coin has $341mm market capitalization as of today. Not to mention that the whole website is littered with Indian-tier spelling mistakes.
In other words, the rouge developer is going to leave with $341mm worth of BTC in his pocket, and without a trace.
One day the site will be closed, and everyone will be left with worthless BCC.
How can people be so foolish? It's obvious that he is paying old investors with the proceeds of new investors.
The referral program is sucking people in. It's a complete scam, and it will come to an end.
Get out of BCC while you can. Mark my words. This will go down as one of the largest heists in cryptocurrency history.
Yes no one talks about it beacuse everyone knows it's a ponzi scheme?
it's clearly ponzi , and some people here still defend it cause they have invested money and they just want it to keep going by misleading the noobs
I have seen many and many articles where the writers trying to say that bit connect can't stop even if there is no "trading bot "
bitconnect gives no info about how their business works which clearly makes them a ponzi
it's still a new site comparing it with sites like Hashocean , we all know how has ocean ran good for decent amount of time then suddenly crashed
I have seen many and many articles where the writers trying to say that bit connect can't stop even if there is no "trading bot "
bitconnect gives no info about how their business works which clearly makes them a ponzi
it's still a new site comparing it with sites like Hashocean , we all know how has ocean ran good for decent amount of time then suddenly crashed
It's funny seeing people selling themselves for a 1% day return.
yes bitconnect is ponzi scheme. many people will get hurt. i never invest it
Same story everywhere. No self-implied thinking, just pure hate. Learn something about that coin first, and only then dare to say something wise about it.https://bitconnectexplained.wordpress.com/2017/07/26/bitconnect-explained/
Check other articles too, if you need more details. I don't tell you to invest, just get some knowledge.
Your article essentially establishes on the fact that bitconnect team is going to stay honest, and not dump any portion of their premine. In fact you pointed out yourself, why people shouldn't be investing in it. You assumed that the "trading bot" is non-existent, and that's what most likely is happening. There is no such thing as a trading bot, and i ithink that you know that. Based on that we can already deduce that bitconnect is a dishonest company even if they pay out their users through staking profits.
It should be clear that bitconnect is not sustainable, is not decentralized, has no intrinsic value, and the founders hold a sizeable premine that they can dump at any time. And yet you are defending it, like it is some sort of magical way of earning money.
yes bitconnect is ponzi scheme. many people will get hurt. i never invest it
Same story everywhere. No self-implied thinking, just pure hate. Learn something about that coin first, and only then dare to say something wise about it.https://bitconnectexplained.wordpress.com/2017/07/26/bitconnect-explained/
Check other articles too, if you need more details. I don't tell you to invest, just get some knowledge.
Your article essentially establishes on the fact that bitconnect team is going to stay honest, and not dump any portion of their premine. In fact you pointed out yourself, why people shouldn't be investing in it. You assumed that the "trading bot" is non-existent, and that's what most likely is happening. There is no such thing as a trading bot, and i ithink that you know that. Based on that we can already deduce that bitconnect is a dishonest company even if they pay out their users through staking profits.
It should be clear that bitconnect is not sustainable, is not decentralized, has no intrinsic value, and the founders hold a sizeable premine that they can dump at any time. And yet you are defending it, like it is some sort of magical way of earning money.
There is nothing to talk about mostly everyone in the community is aware that is a pure ponzi scheme and nothing else some people are willing to take the risk if you are early most likely you could made money from this ponzi but currently it has been around for a while maybe in the upcomming weeks we might see it disappeared. It has a big market cap not everyone who holds the coin is actually part of it some are even traders.
yes bitconnect is ponzi scheme. many people will get hurt. i never invest it
Same story everywhere. No self-implied thinking, just pure hate. Learn something about that coin first, and only then dare to say something wise about it.https://bitconnectexplained.wordpress.com/2017/07/26/bitconnect-explained/
Check other articles too, if you need more details. I don't tell you to invest, just get some knowledge.
yes bitconnect is ponzi scheme. many people will get hurt. i never invest it
Why has there been almost no discussion on BitConnect?
Everyone seems to be worrying about one-off instances where some support representative at a large exchange rips someone off, but nobody is noticing the fraud right under their noses!
BitConnect is promising users a high, risk free, return provided by some computer algorithm. Intuitively this makes no sense. It is impossible to have only profits, and no losses. 91% guaranteed monthly return? Who actually thinks this system can last?
Nobody knows who the developer is, nobody knows what the bot is; yet, the coin has $341mm market capitalization as of today. Not to mention that the whole website is littered with Indian-tier spelling mistakes.
In other words, the rouge developer is going to leave with $341mm worth of BTC in his pocket, and without a trace.
One day the site will be closed, and everyone will be left with worthless BCC.
How can people be so foolish? It's obvious that he is paying old investors with the proceeds of new investors.
The referral program is sucking people in. It's a complete scam, and it will come to an end.
Get out of BCC while you can. Mark my words. This will go down as one of the largest heists in cryptocurrency history.
Everyone seems to be worrying about one-off instances where some support representative at a large exchange rips someone off, but nobody is noticing the fraud right under their noses!
BitConnect is promising users a high, risk free, return provided by some computer algorithm. Intuitively this makes no sense. It is impossible to have only profits, and no losses. 91% guaranteed monthly return? Who actually thinks this system can last?
Nobody knows who the developer is, nobody knows what the bot is; yet, the coin has $341mm market capitalization as of today. Not to mention that the whole website is littered with Indian-tier spelling mistakes.
In other words, the rouge developer is going to leave with $341mm worth of BTC in his pocket, and without a trace.
One day the site will be closed, and everyone will be left with worthless BCC.
How can people be so foolish? It's obvious that he is paying old investors with the proceeds of new investors.
The referral program is sucking people in. It's a complete scam, and it will come to an end.
Get out of BCC while you can. Mark my words. This will go down as one of the largest heists in cryptocurrency history.
I'm answering most of your questions over here:
https://bitconnectexplained.wordpress.com
Even if it's a scam, it will be able to operate for a long time.
Why has there been almost no discussion on BitConnect?
Everyone seems to be worrying about one-off instances where some support representative at a large exchange rips someone off, but nobody is noticing the fraud right under their noses!
BitConnect is promising users a high, risk free, return provided by some computer algorithm. Intuitively this makes no sense. It is impossible to have only profits, and no losses. 91% guaranteed monthly return? Who actually thinks this system can last?
Nobody knows who the developer is, nobody knows what the bot is; yet, the coin has $341mm market capitalization as of today. Not to mention that the whole website is littered with Indian-tier spelling mistakes.
In other words, the rouge developer is going to leave with $341mm worth of BTC in his pocket, and without a trace.
One day the site will be closed, and everyone will be left with worthless BCC.
How can people be so foolish? It's obvious that he is paying old investors with the proceeds of new investors.
The referral program is sucking people in. It's a complete scam, and it will come to an end.
Get out of BCC while you can. Mark my words. This will go down as one of the largest heists in cryptocurrency history.
Everyone seems to be worrying about one-off instances where some support representative at a large exchange rips someone off, but nobody is noticing the fraud right under their noses!
BitConnect is promising users a high, risk free, return provided by some computer algorithm. Intuitively this makes no sense. It is impossible to have only profits, and no losses. 91% guaranteed monthly return? Who actually thinks this system can last?
Nobody knows who the developer is, nobody knows what the bot is; yet, the coin has $341mm market capitalization as of today. Not to mention that the whole website is littered with Indian-tier spelling mistakes.
In other words, the rouge developer is going to leave with $341mm worth of BTC in his pocket, and without a trace.
One day the site will be closed, and everyone will be left with worthless BCC.
How can people be so foolish? It's obvious that he is paying old investors with the proceeds of new investors.
The referral program is sucking people in. It's a complete scam, and it will come to an end.
Get out of BCC while you can. Mark my words. This will go down as one of the largest heists in cryptocurrency history.
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