Topic: Bitconnect scammed ? (Read 255 times)

the usual things that happen to business models that implement ponzi and lending systems
the classic reason that is often spoken is the website in the hack, but bitconnect directly expressed that this platform to close their services

for now you cant believe any coins with lending program...many coins similiar like bitconnect change their lending program into new names like "saving" or "staking"...they know that if they still using "lending" name they will lose investors and members because of bitconnect...but one thing i always hate from them is they always denies that they are not ponzi schemes...we can clearly see that these lending coins cant survived without recruits new members...that what always ponzi schemes did

People will always regret at the end,they knew what ponzi is and how this lending program will end but they didnt listen nor researched thats why they have lose a lot of money they knew it from the start but they were driven by their greediness,i hope most of the people who got scammed learned their lessons,never join any lending investments.!

I heard too much people talking bitconnect last year July , that time price below $100, but I don't have invest , even raise to more than $300 , I also stay away this ponzi scheme, I'm sure it'll going to $0 after don't have new investor , I don't think all of them can get back their investment, just only be careful next time and invest to solid project

And those YouTubers who were promoting this website are guilty as well, I am sure that they knew what's going to happen next but they just kept on feeding the money of their subs.

I have heard a lot about bitconnect, this is what makes me hesitate to enter the bitconnect world. I learned a bit about bitconnet, there is a pyramid scheme pattern and it gives a profit that is not enough to make sense to me. this is what makes me not interested to join in it. but, oddly enough until now there are still many people who keep joining.

I read that there was at least a couple of lawsuits being filed against them so there might still be a chance for some form of restitution.

I think it'll be very difficult for a government to recover money from bitconnect scam, as this scam was spread all over the world, not in the single country. There are the same kind of projects running at the moment but people never learn.

People had warned long time ago that bitConnect is a scam. Those who invested in bitConnect are too greedy. My sympathy doesn't go with them.

People have always recommended terrible things hey guess what.....do. Your. Own. Research. If you want to let someone else make the decisions with your money, you are the only one to blame.

Ok so Bitconnect was a scam, or at the least they got shut down and it really seems that way.  I actually invested into the program,  once I started to realize it could be a scam, I went started pulling out my daily deposits, and I really didn't lose that much.  Yes I'm luck, and there are others who have lost much more.

Here's the problem that I see with this.  I am a small business owner, my wife and I own a few businesses, I do Forex Trading as well as my own stock investing, sometimes day trading.  But I didn't know anything about cryptocurrencies and when I decided that I wanted to start learning and dip my feet in, well Bitconnect looked safe on the outside.  When people do not know when they are getting into, they want to try and get into something that is stable, so they can minimize risk, especially while they are learning. 

Since I was lending in the platform, I know that nowhere did they guarantee 1% for everyone per day. It did not state that anywhere.  Also on the "Terms & Conditions" that HAD to be clicked, EVERY TIME you did a loan, it states that this is risky, nothing is guaranteed, and that you know this and by click that button you agree.   So how is that the platforms fault.  As long as the Youtubers covered their a** then they stated that they are not giving investing advice and to invest at their own risk.  If they were just sharing what their experience is on the platform, then they are doing nothing wrong, and they were not leading anyone on intentionally, they were just sharing what was happening to them . . . they're personal experience.

Now were there some Youtubers that were outright lying? I'm sure there were, but I don't think it was the well known ones.

Also, what if someone invested their life savings into bitcoin and then next week it tanked to "$0" would they be able to sue everyone involved in the Bitcoin.com or Bitcoin.org websites stating that it's a scam, and they were scammed?

Please need to take responsibility for their actions. If they invested and they lost out, well that was the risk they knew from the start. . . . You can't sue someone or a business for your ignorance.

It is really sad for the people who invested money on bitconnect the team planned a scam for a year and it was successful. To everybody that invested to BCC is really crying right now because many people reminded them that BCC is a scam and yet they are not listening because they earn money, the greed takes control of their rational mind.


as per this i also think that they wont get a single cent back into their money because it their fault trusting a scam. And once a scam always a scam maybe now the team behind BCC is hiding.

I hate these crooks very much and I also regret those cheated friends. However, I think the money will not come back. If some countries forbid the encryption of currency, they may not accept such cases. Before I had a friend tricked bitcoin, the other party did not transfer to him, but his country is forbidden bitcoin, so he can do nothing.

It's pretty easy to know if it is highly likely a scam but those who invest in these ponzi's are kind of ignorant. People warn them but they ignore it just because they earn so much.

Yep, it's most likely that they won't get their money back.

I know bitconnect is scam from the first time I heard about it.
and I think that's normal, all project using ponzi scheme always end up as a scam.
I don't think they will get their money back.

This indeed right,people had been warned but they didnt listen,obviously this was a scam from the start but they choose to invest,the blood is in their hands,their stupid actions resulted to losses and they can olny blame themselves.People has the right to choose but if you are choosing to what most of the opposed the fault would be yours,this is the main problem of our community most of the new investors are investing without any knowledge to the project.

This news is very busy talked about, I am sad to hear and see the condition of the victims of bitconnect. In my country very many victims from bitconnect, they all have lost their jobs and all assets owned, there are also that his household was destroyed because of divorce.

They are interested in the bonus that bitconnect is paid, but we always warn them not to participate and invest in bitconnect. But they never heard and kept going with bitconnect.

On the other hand, the public only knows that it's all caused by bitcoin and other crypto, making the crypto name in the eyes of the world worse.

In the future we should provide more education about crypto and blockchain to the public, so they are more understanding and not wrong in choosing the investment.

I really think that bitconnect is a scam, from 400 usd to 3-5 usd real quick isn't that hilarious? one of a biggest scam here in cryptcurrency. There are some video that compiled all the evidences that saying bitconnect is a not scam check this: https://www.youtube.com/watch?v=kbR1SXIje1U&t=15s

First, i dont think government will refund the money to that people although government has a fund to do it.
Second, its his mistake to join very high risk investment with saving money. I think would be better if we spare money from salary at any percentage so we dont use our earlier saving to invest.

Bitconnect scam are well known from the start,most of the invetors who invested in the ponzi scheme know about the risk of losing their money in an instant but they have refused the warnings from the people,thats why they ended up in bad situation they couldnt blame others from their actions,they wanted to have fast and easy money thats why they took the risk,clearly its their own fault.