Bitconnect performed exit scam with $2.5 bln and investors are suicidal - page 2.

Headachez

member

Activity: 65

Merit: 10

They may have exited but they are actually back and are getting ready to do it all over again. They're website is back up. They are now pushing their new coin.

Quote

Dear community members, the current BCC price drop is the direct result of us releasing all of our members coins at one time. We will do our best to honor the value of BCC as close to what it has been holding during past several months. At this time, we are closing the lending platform only. The BCC Exchange will work as usual from tomorrow and the wallet service will remain operational to hold your BCC on the website.

For next 10 days we are allowing members outside the U.S.A, to participate in the BitConnect X ICO with BCC at $150. This is to support existing coin holders and give the BCC coin some initial stability after these recent events.

We are launching a new, superior system as an exchange that will support several cryptocurrencies as soon as possible and BCC will be listed immediately.

BitConnect Coin are limited in supply to 28 million and there are currently only 9.6 million in circulation.This scarcity of supply should create a market demand, with help and support from the community, once this new exchange begins operation.

We still expect BitConnect coin (BCC) to gain its value back and you can hold your coins in the website wallet or transfer them to a QT wallet.

https://bitconnect.co/system-news/95/bitconnect-update-regarding-the-changes-to-lending-and-exchange-functions/

European Central Bank

legendary

Activity: 1288

Merit: 1087

the writer really, really should've figured out long before now that market cap is an empty figure.

no doubt they made out with a bunch of money. it was never anywhere near the billions.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: phelbaby on January 20, 2018, 01:13:45 PM

I think all is not lost,at lest investors are giving BCC in exchange to the coins,in future when BCC is valuable investors can still make out what they invest, but this will be a longtime investment.

it wont be valuable if there is no substantial leadership behind it,

and there is none it was just made to scam others for short term gains

Bytem3

full member

Activity: 602

Merit: 107

I have been warning them for a long time but as long as they saw virtual money coming in no one cared.

Here's an article covering it:
https://coincodex.com/article/1195/bitconnect-has-completed-the-exit-scam/

johstacy

full member

Activity: 225

Merit: 103

Yes, it was a very competent scam in my opinion. Those who managed to get out of the project early, but were a participant from the very beginning they earn not bad money. Of course the rest are simply at a loss. Now there are many projects that copy this financial pyramid. But they are even more impudent and do not give to earn even to those who buy tokens on ICO. They just do not betray them. They just take the money and that's it. Do not want easy money, it's better to stay away.

phelbaby

member

Activity: 434

Merit: 10

I think all is not lost,at lest investors are giving BCC in exchange to the coins,in future when BCC is valuable investors can still make out what they invest, but this will be a longtime investment.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: randythered on January 20, 2018, 12:55:31 PM

Quote from: uszaty43 on January 20, 2018, 12:38:20 PM

They all are dumbasses, that is the only answer my friend. They have been warned a lot of times, even before the exit scam. They just did it because they wanted to do it.

And i saw that one guy invested all his life savings in there.

Quote from: rezurect on January 20, 2018, 10:25:04 AM

So many warnings, so many signs. What were these investors thinking?
Many of us saw it coming, still feels bad for them though.

They acted out of greed and in life when you do that you will often end up getting burned. It was never as if bitconnect were simply going to give up the money that they'd so effectively fleeced. You could be sure the owners would be leaving with a big slice of the pie. I hope that authorities can track them down and bring the justice that should be served but if they have any sense or know how they'll have put already a large chunk of that money towards new identities and now be off the grid somewhere.

in cryptoeconomics there is almost everything greed driven, but communal / communist "authorities" dont really care about cryptoeconomis, they are actually not friendly about it. because many judges and lawyers earn their bread from long term established stock systems. regulated financial systems, now crypto shows up taking a bow around them, the judges, the parliaments, and the police, basically was bribed by the banksters, and run by them, the banksters abused the police and judges as the registration and licensing system, and they paid the others in reward handsomely,

now lets see the reaction.

nevermind we might still see the us state social system mutate into a neocommunist one

randythered

full member

Activity: 434

Merit: 103

Quote from: uszaty43 on January 20, 2018, 12:38:20 PM

They all are dumbasses, that is the only answer my friend. They have been warned a lot of times, even before the exit scam. They just did it because they wanted to do it.

And i saw that one guy invested all his life savings in there.

Quote from: rezurect on January 20, 2018, 10:25:04 AM

So many warnings, so many signs. What were these investors thinking?
Many of us saw it coming, still feels bad for them though.

They acted out of greed and in life when you do that you will often end up getting burned. It was never as if bitconnect were simply going to give up the money that they'd so effectively fleeced. You could be sure the owners would be leaving with a big slice of the pie. I hope that authorities can track them down and bring the justice that should be served but if they have any sense or know how they'll have put already a large chunk of that money towards new identities and now be off the grid somewhere.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: tokeweed on January 20, 2018, 12:14:14 PM

Read the first comment in this thread: https://www.reddit.com/r/Bitconnect/comments/7qx0kv/im_literally_shaking_this_cant_be_happening/

So f*cking hilarious, I'm laughing so hard right now!!!

I mean, I'm not happy seeing those people lose their money, but most of them really do deserve it. Who's stupid enough to take a loan and invest it in a sketchy ICO?

i am happy actually, ponzi schemes like bitconnect, will help smaller cryptocurrencies to get attention,

BlueYozakuraBTC

sr. member

Activity: 322

Merit: 250

WILL SKYPE CHAT FOR 3 MILLION COMPOUND COIN

What they did was dirty and giving them BCC tokens like "ooh sell our trash since we got what we really wanted out of this aka BTC" BYE......

If they wanted to be fair they should have just given them their BTC back.

Cruel as hell but I have fallen for the promises of ponzi's before because when you see the large balances of these people you think well why not me right? I have to say this one was the biggest I've seen in a long time.

Also did you watch some of the youtubers that were promoting this? I found them to be insensitive with a " well people that weren't educated didn't do the research" etc etc. I was like wow seriously? Why don't you just spit in their face while you're at it?

I remember just a few weeks ago I saw an ad for bitconnect where this somewhat giggling woman had put over $200,000 in and she wasn't even making any real money back yet. I was thinking OMG if this thing falls apart soon she's so screwed. The guy that clearly promoted this to her was all smiles with his ref commissions. She's the first person that popped in my mind when I saw the news like wait that was just a few weeks back she put that in? What the hell is she going to do now?

Hope she files some immediate fraud claim.

SilverCoin300

newbie

Activity: 42

Merit: 0

It is not the only one. Other cryptos are going to fall for being the same ponzi crap. Many people knew what Bitconnect was and still invested. Look how many new icos have popped up that is similiar to bitconnect.

uszaty43

hero member

Activity: 849

Merit: 507

They all are dumbasses, that is the only answer my friend. They have been warned a lot of times, even before the exit scam. They just did it because they wanted to do it.

And i saw that one guy invested all his life savings in there.

Quote from: rezurect on January 20, 2018, 10:25:04 AM

So many warnings, so many signs. What were these investors thinking?
Many of us saw it coming, still feels bad for them though.

crptotrader007

full member

Activity: 292

Merit: 100

This was a known thing that they will be doing an exit scam for sure because none of the pyramid scheme can survive for a long time.
Bitconnect surely did a good thing though by giving BCC to their users which can be traded for BTC. This is the one thing I liked about them.
But the coin has no real value since a major dump made it's value reach a single digit number. Despite of this Bitconnect is still planning other things like the BCCX ICO. Who knows what's gonna happen to that coin in the future.

bigvito19

full member

Activity: 706

Merit: 111

Every year a ponzi scheme will get exposed

coinminter22

jr. member

Activity: 30

Merit: 26

"Everyone knew Bitconnect is a Scam. Literally everyone. The people who fell for it didn’t do any sort of research. Like not even the most tiny minimum. We all knew it will fall apart. No surprise there."

This exactly!

themaxx

member

Activity: 168

Merit: 10

Suicidal is a bit of an exaggeration... but anyone who's suicidal over crypto is a darwin award candidate...

Cryptoguru274

member

Activity: 280

Merit: 10

Too bad for many investors who put their money in Bitconnect because what ever story they will give about investors funds would not hold water. Next time would be investors will look for a fully decentralized platform not the lending ponzi stuff to invest their money.

AgatioX

full member

Activity: 546

Merit: 105

Indeed that scam exit is fantastic.

But it was the only project(ok,together with less known OneCoin) where everybody was warned from so many trusted people that Bitconnect is a SCAM and ponzi (Even Vitalik said that).

HOW did you people were still investing there and made this ponzicoin on 1st page Huh

stanstan

newbie

Activity: 37

Merit: 0

Does anybody remember one similar HUGE scam, named laser.online ? Those guys made half a billion... More of these to come. They cause a big negative impact to the market but there's nothing to do.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Read the first comment in this thread: https://www.reddit.com/r/Bitconnect/comments/7qx0kv/im_literally_shaking_this_cant_be_happening/

So f*cking hilarious, I'm laughing so hard right now!!!

I mean, I'm not happy seeing those people lose their money, but most of them really do deserve it. Who's stupid enough to take a loan and invest it in a sketchy ICO?

Topic: Bitconnect performed exit scam with $2.5 bln and investors are suicidal - page 2. (Read 339 times)