The biggest crypto fraud of all time

Xcode7

sr. member

Activity: 1148

Merit: 432

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

I still remember the incident, I and some of my friends were really deceived there, and made me down for several months after that incident and had a vacuum from cryptocurrency and blamed all the existing situations. And after passing through that period I got up and tried to reorganize my confidence and assume that all such actions really can happen here, it's time we are vigilant and eradicate all the scamm that is here, So that events like that do not happen again.

betty11

copper member

Activity: 448

Merit: 3

I still see someone who believes onecoin will be a world changer, people have really been sold a lie, just like the one they call TheBillionCoin originated from Philippines. Because people prefer easy way out, they will always fall for scam.

Dildo Shwaggins

jr. member

Activity: 54

Merit: 2

Besides Onecoin Bitconnect and Plustoken we didn't give much attention to CoinUp which was a ponzi claiming to be an exchange, that managed to defraud investors out of 384 million USD.

https://thenextweb.com/hardfork/2019/11/13/south-korea-coinup-cryptocurrency-exchange-ponzi-pyramid-scheme-fraud-ceo-jail/

aji567

member

Activity: 728

Merit: 10

besides bitconnect there have been many scams, especially on the altcoin project. I found a datareum project and they ran off with all ICO funds. it makes me even more annoyed.

DU18

sr. member

Activity: 1694

Merit: 268

Binance #SWGT dan CERTIK Audited

Quote from: ije07 on December 26, 2019, 12:22:38 PM

Yes, I don't think it's just bitconnect, but there are still many other coins, especially since the crypto space is free and can be reached by anyone, so it's no wonder why many scamers are here because the crypto industry is a money field. people can easily be fooled or deceived anyone, it is important for anyone before joining here to be more vigilant before making a decision.

Because without the regulations governing cryptocurrency it is straightforward for fraud to occur in the world of cryptocurrency today, of course with the existence of special regulations will be able to minimize every crime that occurs, we know if the velocity of money that occurs in the cryptocurrency world is very large so that it raises the intention to commit crime / fraud either through ico or ieo projects, project scams or asset theft that is increasingly rampant right now.

KimmyF

sr. member

Activity: 978

Merit: 250

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

I heard about this coin that scam huge money from crypto space. I can't blame one coin for whole market down. Hashcard also did same thing in 2018. We were starting to believe in any ICO which has app or unknown partnership in crypto space. So IEO, STO and now IMO system has support quickly.

ije07

sr. member

Activity: 1435

Merit: 250

PredX - AI-Powered Prediction Market

Yes, I don't think it's just bitconnect, but there are still many other coins, especially since the crypto space is free and can be reached by anyone, so it's no wonder why many scamers are here because the crypto industry is a money field. people can easily be fooled or deceived anyone, it is important for anyone before joining here to be more vigilant before making a decision.

Bonenx14

sr. member

Activity: 1033

Merit: 250

Leading Crypto Sports Betting & Casino Platform

bitconnect is one of the biggest scams since I was in the crypto section and at that time I was a beginner, many people used to talk about it to invest there. but I got information from my friend not to take place in it, and finally bitconnect became really a scam and made many people lose. I was actually interested because they had good ratings in the ratings, but because I listened more to my more experienced friends, I avoided the project.

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

It's amazing how scammers manage to make money out of thin air. In fact, they have no product, but manage to sell people non-existent things, in the hope of the latter on the growth of their investments exponentially.
The stronger the illusion, the more a person invests in this scam, and the longer he lives. But the end for all such projects is the same. It is strange that many people do not learn anything and continue to make the same mistakes as before.

mirgo1791

member

Activity: 1022

Merit: 10

the project from developer might have with different terms of customs with technical compliance as investors to manage with use of supports as collecting the business intelligence from market and forum of developer to confronts of ideas as expecting returns on decision as disputing of funds on exchange with the ico or ieo scheme of funding scheme of the developers work on early terms.

cryp24x

sr. member

Activity: 1190

Merit: 253

Whatever it is, it is still a scam and it will affect the reputation of every project as well as the market. I guess we need to be very vigilant and we must warn newbies especially those who are investors to do some research first before they invest to a certain new coin which is not proven yet to be a good coin.

MWesterweele

hero member

Activity: 1372

Merit: 564

Quote from: Ararbermas on December 26, 2019, 03:10:50 AM

Its very difficult to trust honestly since more fraud's emerge and keep hiding around the internet. nowadays it's not safe to rely on their testimonials and reference because mostly are copy paste and it really works for them wherein even now they keep using it as a technique to accumulate victims. Its very different now unlike before when bitcoin constantly growing ,,and for me those fraud is the only reason why bitcoin nowadays can't even back up since it collapse because more investore are very skeptical to the future of crypto currency..

Yes, and it is too bad for those participants they have been joined the scam campaign, the scammer got billion from those innocent people, this scenario makes othe people makes doubt in bitcoin and other altcoin, because people started to stereotyping all of it. We should be aware and look for all the details on where we would put our investment.

mamesso

hero member

Activity: 2114

Merit: 740

Leading Crypto Sports Betting & Casino Platform

Quote from: crossabdd on December 25, 2019, 08:08:42 PM

this is the crypto blockchain world. those who don't learn much about crypto, will be trapped in it. because crypto is not a real product. but true crypto can support real products. once again, crypto investment (crypto investment web) is currently not safe. the safest one in crypto is trade. don't just judge large communities like bitconnect or MMM GLOBAL. because that doesn't necessarily help. could have killed each other. it's better to buy bitcoin, keep and hold it on private wallet and sell it when it has a high price.

So many people are trapped while investing in the world of cryptocurrency, some even lost their cars because they were affected by large prizes offered. Fraud cases are very difficult to prevent in cryptocurrency, We must learn from experience so as not to get caught up in a scam project.
I totally agree with your suggestion, we better choose the top coin in coinmarketcap which has been proven safe and comfortable.

ajiz138

hero member

Activity: 1498

Merit: 785

Investors are now also afraid to go in and invest. Many ponzi and scam projects make them lose money, like bitconnect which you mentioned as an extraordinary project but eventually turned into a scam and made everyone disappointed.
Such projects will grow again under different names.
Bitcoin is also influenced by fake projects like this.

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: ?? on ??

Here: https://azcoinnews.com/the-london-police-drop-4-billion-onecoin-investigation.html
https://azcoinnews.com/ponzi-cloud-token-project-was-disrupted-by-chinese-police.html

We have here some serious accusations against Chinese citizens, and government officials. And by the reading the article
there are so many arguments against them, after reading I'm sure they are guilty.
Now frauds are on different levels then before. Frauds are being organized by governments and organizations inside, a lot
of people is involved, looks like they covered everything, that's why so many people is scammed, they couldn't notice nothing.

Ararbermas

sr. member

Activity: 2016

Merit: 283

Its very difficult to trust honestly since more fraud's emerge and keep hiding around the internet. nowadays it's not safe to rely on their testimonials and reference because mostly are copy paste and it really works for them wherein even now they keep using it as a technique to accumulate victims. Its very different now unlike before when bitcoin constantly growing ,,and for me those fraud is the only reason why bitcoin nowadays can't even back up since it collapse because more investore are very skeptical to the future of crypto currency..

GideonGono

hero member

Activity: 2086

Merit: 501

★Bitvest.io★ Play Plinko or Invest!

Quote from: Ken_terrance on December 24, 2019, 10:49:39 AM

Crypto scammers have no fear or shame to prey on their victims because they believe no law can hunt them down, some are already been caught and many more escaped without getting caught, the most annoying part are teams that shows their identity online to deceive investors, i hope regulation will put a stop to all this soon

Yup because for now, that was a great thing that you could get an easy money. They didn't scared on what happen because they greed on money. They didn't invest money but they invest brave and also conscience.

starblocks

hero member

Activity: 1344

Merit: 502

More illegitimate projects, more failed High Yield Investment Programs (HYIP)'s and more exit scams this will never end entirely so it's best to search for each projects legitimization and viability before investing no matter how good it may appear always do your due diligence before investing

crossabdd

legendary

Activity: 1316

Merit: 1145

this is the crypto blockchain world. those who don't learn much about crypto, will be trapped in it. because crypto is not a real product. but true crypto can support real products. once again, crypto investment (crypto investment web) is currently not safe. the safest one in crypto is trade. don't just judge large communities like bitconnect or MMM GLOBAL. because that doesn't necessarily help. could have killed each other. it's better to buy bitcoin, keep and hold it on private wallet and sell it when it has a high price.

tenakha

hero member

Activity: 1470

Merit: 509

Quote from: naikturun on December 25, 2019, 04:52:59 PM

bitconnect is one of the biggest projects that came out in 2017, many people took the opportunity from the project, those who joined at the beginning might benefit, but there were many losses due to joining at the end.
news from my country many people who stopped working and joined bitconect, of course this is very sad hopefully projects like this will not happen again.

The end of a project in which limited supply and unlimited demand combine is always the same. Projects such as Bitconnect, Plustoken, and so on, can not survive until the end. Those who add value to such projects fall into the trap of earnings, and so there is much loss. Although decentralization has its positive aspects, it also has some negative aspects. You should check ground several times before you take every step.

naikturun

sr. member

Activity: 1190

Merit: 267

Undeads.com - P2E Runner Game

bitconnect is one of the biggest projects that came out in 2017, many people took the opportunity from the project, those who joined at the beginning might benefit, but there were many losses due to joining at the end.
news from my country many people who stopped working and joined bitconect, of course this is very sad hopefully projects like this will not happen again.

stephanirain

sr. member

Activity: 756

Merit: 257

Freshdice.com

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

Indeed, it is still the most popular scam case because it is also the time when investors became more cautious and wary of other projects. It did a number on the reputation of many ICOs and many projects did lose potential investors. It is really sad to see that whether or not a crypto really do technically use blockchain, once the scam is confirmed, many mouths will blame it.

electronicash

legendary

Activity: 3178

Merit: 1054

Quote from: mamesso on December 25, 2019, 01:41:33 PM

Quote from: ?? on ??

Quote from: mamesso on December 25, 2019, 10:05:15 AM

~

Even the best of concept of a project could be a fraud. They might just invested their time thinking on what to write. It isn't that hard to do it if you think about it. You're just gonna gather a team to have a brainstorm on what project should be written in the WP or even in an ANN thread just to get the interest of the investors but then you all decided to just "let's just take their money".
So from that, people should also look into the history of the team itself. I am not sure if such sites like LinkedIn/Twitter could buy followers to make each members look like a legitimate one.

Because there are indications of fraud like this, we are required to be super careful when investing. Cryptocurrency is one of the most coveted targets by the fraudsters to collect money the easy way. So before deciding to invest we must first research so as not to fall into the trap of con artists.

its best not to invest on projects instead unless they have made it to the exchange without having funds. we find a hard time distinguishing which project is a possible scam because even when they were on the market for so long they still didn't make it and did an exit scam. the only that matters right now are the projects that currently rank on the coinmarketcap. these are the coins that hold on in this long crypto winter market and now that they'd made it, i guess its where we should be investing. not those tokens that wasn't even listed.

i stayed on the forum the whole time, i didn't heard of the one coin here which is why i'm surprise it scammed $4B. obviously people who practice to only invest on projects announced here are not victim of this one coin.

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

I wouldn't necessarily mark anything that claims to be better at some things than Bitcoin with a red flag, but I'd look more into the specifics of the implementation of whatever improvement the coin or token in question has over Bitcoin. Competition's great in any area because it forces everyone to further improve existing technologies or get left in the dust. I do agree that a ton of centralized coins are risky to invest in for a multitude of reasons, however.

A majority of these large cryptocurrency-related scams also attract investors that have no idea what cryptocurrency really is, but see the buzzwords like 'blockchain' and the large potential returns and get hooked. It's mostly these types of people that get reeled into schemes like Bitconnect or Onecoin, and it's also unfortunate that a lot of these schemes spend tons of money on falsely advertising themselves before leaving.

sockpuppet1911

sr. member

Activity: 994

Merit: 278

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

I wouldn't call one coin a crypto scam because it didn't have anything to do with crypto. Even all the crypto people ignored it right away as just another irrelevant scam. I am amazed how long did it go as i thought that everyone knew how obvious of a scam it was.

mamesso

hero member

Activity: 2114

Merit: 740

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Quote from: mamesso on December 25, 2019, 10:05:15 AM

~

Even the best of concept of a project could be a fraud. They might just invested their time thinking on what to write. It isn't that hard to do it if you think about it. You're just gonna gather a team to have a brainstorm on what project should be written in the WP or even in an ANN thread just to get the interest of the investors but then you all decided to just "let's just take their money".
So from that, people should also look into the history of the team itself. I am not sure if such sites like LinkedIn/Twitter could buy followers to make each members look like a legitimate one.

Because there are indications of fraud like this, we are required to be super careful when investing. Cryptocurrency is one of the most coveted targets by the fraudsters to collect money the easy way. So before deciding to invest we must first research so as not to fall into the trap of con artists.

Obito

sr. member

Activity: 1274

Merit: 293

Quote from: samcrypto on December 24, 2019, 06:32:49 AM

Any coin can be a scam at the end of the day, developer can still leave the project after 10 years of working with it and this is why we need to take profit always and don’t be too greedy on holding with your coins. There’s a lot of scam projects before, whether its big or not it can still affect the market, it will be hard to trust the market if you’re one of those victims. Biggest fraud is Limiting yourself from knowing better, cryptocurrency is not a safe investment well the most volatile price movements.

Totally agree with this. At the end of the day a developer, a certain project they can pull out their progress anytime they want it to. So as long as we can gather information, do not ever take it for granted as it stands as a tool of our foundation to trust those project. Words are deceiving so before participating try to look for something more behind than only in the appearance.

Dart18

sr. member

Activity: 1400

Merit: 259

You didn't mention the name of the scam project? Which is it?
I have heard a lot about bitconnect and some of my friends lose a lot of money with it.
But what is this one you are talking about? Maybe we could see more if you tell it.

There are a lot of scams out there by now and most even look like legitimate ones which takes a year for the robbery to be fruitful.
Maybe we could warn more if we know what we are getting into.

superstrength

newbie

Activity: 64

Merit: 0

I also hate centralized money, no coins are mined, no blockchain, nothing, all coins claiming to be bitcoin are all red flags and die.

CarnagexD

sr. member

Activity: 1498

Merit: 374

Leading Crypto Sports Betting & Casino Platform

Quote from: SaShiRaJaVu on December 25, 2019, 11:15:55 AM

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol

You can always fool people who have no idea about the crypto market and anyone who promises a guaranteed return is a sure shot scam and there are more than $40 billion been taken off the market by these scammers in this period of time through different scams including ponzi schemes and ICO frauds and i wish every scammers will be caught in the future and given the right sentence and the investors get their money refunded.

From the moment that the project promised that it will be a guaranteed return investors should've distance themselves from that, commong we are on crypto space where the uncertainty is on another level. I would really love to see millionaire to be jailed with no bail but that seems to be impossible as the people behind the project don't really show their identity both online and offline. Authority doesn't know who will they run after and that's cruel for most of the investors.

btcdie

sr. member

Activity: 784

Merit: 251

Actually starts from our own carelessness. Scam projects will not work without us, as market players. In fact, Bitcoinnect had from the beginning been a sign that their project was indicated to be a scam, and to my surprise there were no accusations periodically at that time, so the CEO fled until everyone realized it. it all started with us, because it was too careless and greedy. indeed the ponzi business is very tempting, making someone like being hit by magic. When this is fully I started leaving a project that gave sweet words too much, and I switched that Bitcoin is the main thing of all.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Bitconnect had just been famous all over the social media and here in this forum.
But you are correct, there are more of them out there which we just don't see if we keep our eyes just here.
They don't even make an announcement here and will do another way to sell it to people.
Telegram, Facebook and Twitter. They can use those websites to scatter the news without those who want to reveal them knowing any small thing about what will happen.

Whilemost

newbie

Activity: 62

Merit: 0

When investing somewhere, we must carefully review and find out the risks that may occur. We must invest in cash carefully to avoid fraud.

SaShiRaJaVu

hero member

Activity: 1694

Merit: 541

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol

You can always fool people who have no idea about the crypto market and anyone who promises a guaranteed return is a sure shot scam and there are more than $40 billion been taken off the market by these scammers in this period of time through different scams including ponzi schemes and ICO frauds and i wish every scammers will be caught in the future and given the right sentence and the investors get their money refunded.

junkerr

full member

Activity: 1022

Merit: 100

Meta4uStake.io

Quote from: Surrapatt on December 25, 2019, 09:12:50 AM

Quote from: andika2018 on December 24, 2019, 10:09:04 PM

Bitcoin will always be the most important investment choice for investors in the cryptocurrency market. But in my opinion some altcoins also have good prospects because some altcoins show the development of products that can be a trigger for adoption.

That's right, but investors always prioritize bitcoin over altcoin in their investments, even though there are some altcoins that are worth investing in because of the fact that the products are really working.

no investor can be foolish by missing out on the opportunity to get a bigger profit with bitcoin than altcoin. In the current situation, everyone also knows if bitcoin will be more profitable than the altcoin. there isn't much movement from altcoin, especially if the dominance of the bitcoin pump can happen again it will make altcoin look bad.

mamesso

hero member

Activity: 2114

Merit: 740

Leading Crypto Sports Betting & Casino Platform

Quote from: plvbob0070 on December 24, 2019, 06:57:39 AM

Nowadays, it is truly difficult to trust the market because you can't guarantee that your funds will be safe from scam projects. I experienced getting scammed before, I did not blame anything or anyone because I know that I messed up on making decision regarding on where I can invest my money. I was easily tricked by their sweet lies and I don't even tried to search any details because they sound too sweet that makes me think that my investment is going to be worthy, it turns out that it is not. About that, this kind of incident should be a lesson to any of us because we can't control or even stop people if being greedy hit them. We need to be a good observer so that our funds will be safe and secured from those kind of people.

You are not the only person who is a victim, there are many others who are victims of fraud in the crypto world, and even people who have long known the nature and character of cryptocurrency can be scammed victims. Cases of fraud like these are very difficult to avoid, because there are so many projects that carry a good concept and convince investors, but in the end fraud. The crypto world is a commodity that is very difficult to predict so it is very risky, so invest in quality, not with quantity.

Surrapatt

sr. member

Activity: 1078

Merit: 250

Quote from: andika2018 on December 24, 2019, 10:09:04 PM

Bitcoin will always be the most important investment choice for investors in the cryptocurrency market. But in my opinion some altcoins also have good prospects because some altcoins show the development of products that can be a trigger for adoption.

That's right, but investors always prioritize bitcoin over altcoin in their investments, even though there are some altcoins that are worth investing in because of the fact that the products are really working.

MI6

hero member

Activity: 1260

Merit: 504

Betking.io - Best Bitcoin Casino

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

I see a lot of altcoin that end with scam, not only which have blockchain but real altcoin too. Make investment either it have product or maybe not must be careful. Especially if pure ponzi scheme like what they name a coin but actually not a coin. There is a lot of investment other than onecoin that purely ponzi scheme, and mostly who jump in that business is ponzi player before.

anjiitem

sr. member

Activity: 798

Merit: 250

Vave.com - Crypto Casino

For me to be big or not there is a fraud in cryptocurrency, it is very detrimental and makes us feel that what we are doing is futile and think that it is better not to put money in the project and others. In addition to making people participating in a project feel disadvantaged by fraud, it also makes other projects difficult to obtain funding or difficult to attract investors to invest in it.

Landak

hero member

Activity: 1386

Merit: 503

there is more besides bitconnect, that is Centra (CTR) which is horrendous throughout the crypto universe, its co-founder was arrested for fraud during the ICO.
https://www.sec.gov/news/press-release/2018-53
after the news appeared, then the price of the coin immediately fell more than 80% in a day.
everything is full of fraud, scams, ponzi from then until now.

kodtycoon

legendary

Activity: 1568

Merit: 1002

Quote from: zhekinsp on December 25, 2019, 07:51:37 AM

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

You can add that list with XRP,USDT and any other centralized coins which holds high marketcap is having chance of turning into scam.

People don't realize how much risky is to have all the authority of their holdings to single person who own that coins and they also trusting the promises given by the person.

fraud in the crypto room is a major problem and it must be realized from the beginning, investors should no longer easily trust existing promises, because a promise does not guarantee they will be safe there after spending their money to invest

zhekinsp

full member

Activity: 882

Merit: 126

★777Coin.com★ Fun BTC Casino!

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

You can add that list with XRP,USDT and any other centralized coins which holds high marketcap is having chance of turning into scam.

People don't realize how much risky is to have all the authority of their holdings to single person who own that coins and they also trusting the promises given by the person.

Aabcde

sr. member

Activity: 1050

Merit: 256

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

I totally agree with this. They say this is actually just a sweetener to attract people so that their community is large. Though the purpose behind these words is to enrich the developer himself.
One more thing, for me developers who don't listen to what investors want are also scams. Because they don't appreciate where their money comes from the beginning.

HabiebRiziq

sr. member

Activity: 966

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: Winscosinally on December 24, 2019, 08:00:08 AM

By now every crypto investors should know that no coin is 100% safe either old or new, people like you are the backbone of these coins, even if they have good mind today they can go dark tomorrow

Indeed, no one is safe every decision we take will always have risks but what we have to do here is how we anticipate them or how we minimize those risks. Both new and old coins certainly have risks but for me personally I would prefer to invest in old coins rather than into new coins because in my opinion investing in new coins actually has a greater risk even though you could say the price is lower but the possibility of getting greater failure .

LouVandetta

sr. member

Activity: 602

Merit: 253

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

Bitconnect is the most famous scam and OneCoin is no different either, who doesn't know them one of these days? They're famous enough even for newbies, I think.

A Multi Billion Dollar Scam which was a no joke when it comes to that much money. Sadly there's no saying that it will not happen again in the future.

No one knows when or where the scam will take place. Ponzy scheme or a crypto pyramid scheme is inevitable once you're caught up in them without knowing it.
Unless you have the knowledge to sort which is right or wrong. And the so called beginners somehow always fall victims to these kinda things.

Kotone

hero member

Activity: 1372

Merit: 503

I feel relieve that bitconnect got busted for their scam. I also feel bad for those who loss their fund on the hype of this project. I myself got in, but luckily I escape it and gains some from it. It was just a bit of luck that I was able to earned from it and suddenly it went sour. I hope new projects would try to so such thing as biggest scam like this.

Bttzed03

legendary

Activity: 2114

Merit: 1150

https://bitcoincleanup.com/

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

~
one coin ceo have been missing since 2017

The CEO has been arrested and charged this year

Quote from: https://www.ccn.com/ceo-crypto-ponzi-onecoin-not-guilty/

Konstantin Ignatov, the CEO of the multi-billion-dollar “crypto” Ponzi scheme OneCoin, has pleaded not guilty to wire fraud. According to court documents, Ignatov entered the plea during a May 28 preliminary hearing via conference call.

inanilujimi

sr. member

Activity: 1876

Merit: 259

That is crypto, anytime a project that looks good can be destroyed for various reasons.
For that I personally if investing in one of altcoin must have goals to be achieved, if you get what you want, don't be greedy and expect to get more.

Wintersoldier

sr. member

Activity: 966

Merit: 274

Quote from: Pamadar on December 24, 2019, 10:35:51 PM

ICO's if being compound are the big fraud from this industry. There's a lots of scam developers who continuously creates one project over another.
Letting investors to keep falling into this trapped and it's repeatedly done, crypto fraud mostly being facilitated by the same teams ho's hiding
behind new projects.

Especially if we will get the summation of all the scam ICO's fund received from investors from the past 2018 up to now, I think it would reach hundreds of millions of dollars which is a serious big amount of money in which for me, if it was invested in bitcoin, then we could have better market now. I do really blame these people why we have hindrances to attract market adoption to people because in the first place they are already trying to destroy the reputation of cryptocurrency and making other new promising and legit projects looks fishy if they really aren't.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: TheClownSong on December 24, 2019, 09:48:43 PM

In my opinion there are many types of scams in the cryptocurrency market and maybe what is often known is in ICO. Scam mode that often occurs and sometimes is not realized is the developer team hands off after the token listing in the market. They are listing in a small exchanger so that they pay a small listing fee but get money from the sale of tokens of more than millions of dollars.

ICO's if being compound are the big fraud from this industry. There's a lots of scam developers who continuously creates one project over another.
Letting investors to keep falling into this trapped and it's repeatedly done, crypto fraud mostly being facilitated by the same teams ho's hiding
behind new projects.

Ranly123

full member

Activity: 952

Merit: 104

★777Coin.com★ Fun BTC Casino!

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

This issue has been around for years. I think bitconnect closed on the year 2018 and why does it still on the topic today? I mean, we have to move on eventhough this project scammed a lot of people. In fact almost all altcoins in 2018 are scams which is killing cryptocurrency nowadays.

andika2018

member

Activity: 700

Merit: 10

Quote from: sayaya17 on December 24, 2019, 08:55:47 PM

For that I feel more secure to invest in dibitcoin only, especially with a long period of time. Because we know that no one is able to stop bitcoin. It's different if we invest in altcoin where someone can make the coins to ashes. If I were going to invest in altcoin, surely those were the best coins and would not hold them for a long time. I have also been trapped in a ponzi scheme for that I always ensure security for my investment.

Bitcoin will always be the most important investment choice for investors in the cryptocurrency market. But in my opinion some altcoins also have good prospects because some altcoins show the development of products that can be a trigger for adoption.

TheClownSong

sr. member

Activity: 1428

Merit: 251

In my opinion there are many types of scams in the cryptocurrency market and maybe what is often known is in ICO. Scam mode that often occurs and sometimes is not realized is the developer team hands off after the token listing in the market. They are listing in a small exchanger so that they pay a small listing fee but get money from the sale of tokens of more than millions of dollars.

sayaya17

sr. member

Activity: 1638

Merit: 255

For that I feel more secure to invest in dibitcoin only, especially with a long period of time. Because we know that no one is able to stop bitcoin. It's different if we invest in altcoin where someone can make the coins to ashes. If I were going to invest in altcoin, surely those were the best coins and would not hold them for a long time. I have also been trapped in a ponzi scheme for that I always ensure security for my investment.

pikkie

sr. member

Activity: 924

Merit: 256

Quote from: Mia44 on December 24, 2019, 12:17:55 PM

Bitconnect is a very well-known case, In 2019 we have another huge scam project, Plustoken, its negative impact is still affecting the market at the present time. Another similar project, Cloud Token, has just been investigated by Chinese police.

throughout the history of the development of altcoin many cases of altcoin that failed and did a very large fraud indeed one of them is bitconnect but there are still many more altcoins who do like that, mining tokens and so forth.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: AmoreJaz on December 24, 2019, 06:44:34 PM

Quote from: jossiel on December 24, 2019, 04:54:19 PM

There's also the hex scam now that guarantees profit for their investors. I think it's able to make a lot of money from those blind followers. They all think that the owner of it is telling the truth which promised those returns and sign of passive income.

It's plustoken that's also one of the biggest fraud ever which has embezzled billions of dollars too.

passive income is usually one of the common grounds of most scammers. if you do believe that you will get your income throughout your lifetime from their business model, not only think twice but many times. because theres no such project that can give you passive on your lifetime. and most of them are running ponzi scheme, so if you are behind the trail, you wont even get your initial investments.
i guess by now crypto users have had their share of losses from these failed projects so we are more smart now in approaching these blockchain projects....

There are legitimate projects that also offers the same passive income but looking how they earn those returns they give, it's actually coming from their source which is a legitimate business. Unlike projects like this, they are just creating promises without anything to show to the public what is that legitimate business that can generate profits to share for their investors.

But today, we can figure them out if they are a ponzi, a hyip or legit project that promises decent profit for their investors.

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

Quote from: DDante on December 24, 2019, 11:55:41 AM

Luckily i never get tempted by bitconnect at that time, maybe it's because i was too focused on bitcoin only, i checked bitconnect out several times but i was not certified because i was once a HYIP investors and bitconnect interface looks like a one of a HYIP project i knew

Actually this one is also active in social media backthen , you can see many people advertising this program before. Since they promise is the price will always increase many people believing it ,actually its really happen the price is always increase. but the problem is after they confirm that this investment is fraud the price dump too much in just a day.
And its too late for investors to sell the coins they invested.

magneto

hero member

Activity: 1666

Merit: 753

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

Onecoin is more mainstream than bitconnect, it seems. But certainly in terms of the reputation that scams have gotten, bitconnect is one of the main ones still to this day.

The reason why these ponzis are so effective in scamming people is because people get sucked into the illusion, and have incentive to tell other people lies in order to gain referral earnings on their part. This is what made the schemes spread like wildfire.

Youtubers like Trevon James played big roles in perpetuating lies.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

Now we have a cue, when a dev of any project calls his project the next Bitcoin or Bitcoin killer, we can conclude that it's another huge scam site coming, great projects are not into the hype, they have a solid foundation on their project and their platform has real usage for the community, it's easy to support, projects like this.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

If you have been in the forum in 2017, you will see a lot of members calling Bitconnect months prior to their exit. But many individuals still defend them and didn't believed those scam investigators and proof of their scams. Just sad to hear those victims though after the exit scam.

And then we have PlusToken exit scam, around $3 billion. So it looks like every year, there will be something big being born, but it the end they will simply exit scam in the billions of dollars. PlusToken Effect: Alleged Asian Exit Scam to Blame for Market Decline?

[email protected]

member

Activity: 645

Merit: 10

I wasn't involved in this project, but I read about it. Unfortunately, scam can overtake us at any time and this situation only confirms it.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: jossiel on December 24, 2019, 04:54:19 PM

There's also the hex scam now that guarantees profit for their investors. I think it's able to make a lot of money from those blind followers. They all think that the owner of it is telling the truth which promised those returns and sign of passive income.

It's plustoken that's also one of the biggest fraud ever which has embezzled billions of dollars too.

passive income is usually one of the common grounds of most scammers. if you do believe that you will get your income throughout your lifetime from their business model, not only think twice but many times. because theres no such project that can give you passive on your lifetime. and most of them are running ponzi scheme, so if you are behind the trail, you wont even get your initial investments.
i guess by now crypto users have had their share of losses from these failed projects so we are more smart now in approaching these blockchain projects....

Bonwin

member

Activity: 798

Merit: 38

A friend once told me about it, but right there and then, I became seriously in doubt of it. I am just trying to imagine what the fate of the investors that lost huge money would be. This has really shown that so many people do not knows what cryptocurrency truly is, let alone understanding blockchain technology.

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: OasisDre on December 24, 2019, 11:15:10 AM

It's true that many people make good money off bitconnect and one coin, those who did have a plan to invest for short term only which is a good way of investing on new coins generally but there is really no way to know that they will exist scam

How much they have made from bitconnect is not worth with how much money that already scammed by bitconnect scammer. I have seen it was scamming multibillion worth of the bitconnect and that's a really huge amount. Maybe, there is an assumption if that is not the real amount of money caused by that was just the valuation of bitconnect based on the CMC.
Just try to take short term investment to the new coins are better choice than bet it on the long term. If that was not having good fundamental and it can turn to the scam project.
A scam project is always starting from loosing its credibility.

Karto

full member

Activity: 280

Merit: 100

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

any coin that promises to make you money is a red flag
a coin that claims to kill bitcoin is just a marketing strategy not a red flag in my opinion

Peanyut991

member

Activity: 287

Merit: 10

Yes, I totally agree with you, bro, for now Bitcoin remains the most popular coin with the number one trading volume in the world. But it does not rule out the possibility that altcoin can outperform bitcoin in the future, because the world of cryptocurrency cannot be predicted with certainty.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

There's also the hex scam now that guarantees profit for their investors. I think it's able to make a lot of money from those blind followers. They all think that the owner of it is telling the truth which promised those returns and sign of passive income.

It's plustoken that's also one of the biggest fraud ever which has embezzled billions of dollars too.

Mia44

full member

Activity: 412

Merit: 101

Bitconnect is a very well-known case, In 2019 we have another huge scam project, Plustoken, its negative impact is still affecting the market at the present time. Another similar project, Cloud Token, has just been investigated by Chinese police.

CarnagexD

sr. member

Activity: 1498

Merit: 374

Leading Crypto Sports Betting & Casino Platform

Quote from: Thomas-s on December 24, 2019, 11:11:05 AM

I know a lot of people who managed to make very good money on the ONE coin. The fact is that before investing your money in such projects, you need to understand whether you are doing this on time and assess your risks. At Bitconnect, too many people were able to make good money also. I do not say that these scam projects are good, but I believe that everyone should assess the risks of the project.

Not new type of scam accusation here in this industry. Some people might call it a blessing after getting the most of it while the other call it hell after being devastated. I've seen some positive whatabouts with these and I knew there will be a negative since the market is a pure speculation and manipulation. The one who did lost are new comers and investors on that coin, there is no doubt about that, the risk should be assessed from the start and be knowledgeable on what it could bring to you.

DDante

member

Activity: 434

Merit: 19

Luckily i never get tempted by bitconnect at that time, maybe it's because i was too focused on bitcoin only, i checked bitconnect out several times but i was not certified because i was once a HYIP investors and bitconnect interface looks like a one of a HYIP project i knew

pundit

full member

Activity: 868

Merit: 104

Its hard to believe any project in cryptocurrency until some strong regulations come into pictures. Projects even running successfully for some months are turning into scams. There is long list and still counting.Cryptocurrencies have high volatile nature so only an amount should be invested which one can afford to lose. Any big coin can shrink anytime, always invest safely.

OasisDre

member

Activity: 532

Merit: 41

It's true that many people make good money off bitconnect and one coin, those who did have a plan to invest for short term only which is a good way of investing on new coins generally but there is really no way to know that they will exist scam

Thomas-s

hero member

Activity: 1274

Merit: 500

Proof-of-Stake Blockchain Network

I know a lot of people who managed to make very good money on the ONE coin. The fact is that before investing your money in such projects, you need to understand whether you are doing this on time and assess your risks. At Bitconnect, too many people were able to make good money also. I do not say that these scam projects are good, but I believe that everyone should assess the risks of the project.

DonFacundo

full member

Activity: 1344

Merit: 102

The scams are everywhere, we should not fall the investment platform which gives high return, just like PlusToken seems this year is the biggest scam of 2019.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

One coin was a year before then bitconect. One coin organisers are being trailed now, that means Bitconect organisers will get trailed next year. Law works slow. MtGox was trailed only last year I believe and it happened in 2014.

Ken_terrance

member

Activity: 574

Merit: 18

Making Smart Money Work

Crypto scammers have no fear or shame to prey on their victims because they believe no law can hunt them down, some are already been caught and many more escaped without getting caught, the most annoying part are teams that shows their identity online to deceive investors, i hope regulation will put a stop to all this soon

Greatchu

member

Activity: 490

Merit: 10

Quote from: longyenthanh on December 24, 2019, 10:31:44 AM

Quote from: samcrypto on December 24, 2019, 06:32:49 AM

Any coin can be a scam at the end of the day, developer can still leave the project after 10 years of working with it and this is why we need to take profit always and don’t be too greedy on holding with your coins. There’s a lot of scam projects before, whether its big or not it can still affect the market, it will be hard to trust the market if you’re one of those victims. Biggest fraud is Limiting yourself from knowing better, cryptocurrency is not a safe investment well the most volatile price movements.

The best strategy is to first recover your initial investment and earn as much profit as you can. Never trust any project as they may exit at any time. Crypto market is full of scams and we have to play sensibly to get our money safe in the market. You can find people who still got benefits from ponzi scheme like bitconnect.

Every scam projects benefits some investors and ruins others, the best crypto investment idea is to always invest what you can afford to lose

longyenthanh

sr. member

Activity: 1221

Merit: 250

Quote from: samcrypto on December 24, 2019, 06:32:49 AM

Any coin can be a scam at the end of the day, developer can still leave the project after 10 years of working with it and this is why we need to take profit always and don’t be too greedy on holding with your coins. There’s a lot of scam projects before, whether its big or not it can still affect the market, it will be hard to trust the market if you’re one of those victims. Biggest fraud is Limiting yourself from knowing better, cryptocurrency is not a safe investment well the most volatile price movements.

The best strategy is to first recover your initial investment and earn as much profit as you can. Never trust any project as they may exit at any time. Crypto market is full of scams and we have to play sensibly to get our money safe in the market. You can find people who still got benefits from ponzi scheme like bitconnect.

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

I just laugh when I read comments like that. Exaggeration is another tool of scammer to promote their scheme. Many had been persuade that onecoin will replace Bitcoin. It was very popular in one area in my country, those local promoters often ends up in a heated discussion whenever someone ask legit questions pointing to the Onecoins scheme being scam.

knuckey

sr. member

Activity: 1260

Merit: 251

Quote from: Joseph Knight on December 24, 2019, 08:42:56 AM

Plustoken is one of the largest crypto related Ponzies for sure.
Cloud token is another large fraud still going on.

https://twitter.com/Crypto_Even/status/1208989928148750336
China arrested some of them. 😁

That's true and can be said plustoken is one of the biggest crypto scams of all time. It is not as popular as bitconnect, but fraud from plustoken bad impact the market and some articles say that the market decline when plustoken fraudsters dump their assets that happened some time ago and this has come to the attention of many people, especially the crypto community.

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

There is a lot of scammers are creating the ponzi scheme right now and plustoken should be the next biggest fraud in the crypto history. As far as i know it was also scamming billions worth of money.
People are so blindly caused by what they wanna get from those scam projects are daily interest. But people are learning a lot right now about how to determine the scam project.

fuer44

sr. member

Activity: 1652

Merit: 262

that is what is worrying, especially new projects or coins that offer coin liquidity in the market which can potentially have large pumps. do not immediately believe, and if you want to invest large amounts, just buy bitcoin or etherum which has proven their work in the crypto market.

Joseph Knight

newbie

Activity: 8

Merit: 1

Plustoken is one of the largest crypto related Ponzies for sure.
Cloud token is another large fraud still going on.

https://twitter.com/Crypto_Even/status/1208989928148750336
China arrested some of them. 😁

sorrros

full member

Activity: 954

Merit: 104

ludenaprotocol.io

The biggest scam in a crypto was for sure PlusToken ponzi scheme, followed by OneCoin and Centra, where big name like Floyd Mayweather was involved. Scammers look many times more legitimate than projects that can dominate the world.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

I guess "one coin" existed in the early days of cryptocurrency. I never really had the chance to know what the currency was all about.
Didn't it exist on a Blockchain or a proper Blockchain?
Well, people should really be careful investing in what they can't afford to lose. Also try to invest in projects with good use case and sustainable income

Samayuki

member

Activity: 574

Merit: 24

Quote from: Saisher on December 24, 2019, 08:06:46 AM

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

It also makes us matured on what and how to look on a coin or projects that come along the way, OneCoin and BitconnecCoin are two coins that have given us a bad example that we must look closely and analyze, about the true intention of these projects, because of these many projects are no landing on the scam section because they are exposed.

More new projects are getting exposed on scam accusation thread, i hope people will always check out that thread because it can safe you few headache of doing researches, to be honest it's very hard to detect scam if you are new to crypto space but it's part of learning

mrdeposit

hero member

Activity: 1358

Merit: 509

Maybe you want to know about others: https://cointelegraph.com/news/unpacking-the-5-biggest-cryptocurrency-scams

Unfortunately, these kinds of major thefts have occurred and it is not guaranteed that they will not happen in the future. No need to give an opinion about taking any precautions, considering that the plans for big thefts are big too. In such cases, some luck is needed not to lose.

Saisher

full member

Activity: 2324

Merit: 175

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

It also makes us matured on what and how to look on a coin or projects that come along the way, OneCoin and BitconnecCoin are two coins that have given us a bad example that we must look closely and analyze, about the true intention of these projects, because of these many projects are no landing on the scam section because they are exposed.

ecnalubma

sr. member

Activity: 1540

Merit: 420

www.Artemis.co

People love quick rich scheme thats why criminals can always take advantage of their greed. Even if the authorities keep reminding that every investments that offers fixed revenue or offers too good to be true specially without products are probably scam.

Winscosinally

member

Activity: 490

Merit: 16

By now every crypto investors should know that no coin is 100% safe either old or new, people like you are the backbone of these coins, even if they have good mind today they can go dark tomorrow

sureshnsnet

legendary

Activity: 1424

Merit: 1008

I was one of them who lose their fund there it has around a few bucks and I saw some investors lose their funds of millions still, but I can not believe that why not take any legal action to the CEO of bitconnect? or any other secret is behind his missing case?

plvbob0070

copper member

Activity: 658

Merit: 402

Quote from: samcrypto on December 24, 2019, 06:32:49 AM

Any coin can be a scam at the end of the day, developer can still leave the project after 10 years of working with it and this is why we need to take profit always and don’t be too greedy on holding with your coins. There’s a lot of scam projects before, whether its big or not it can still affect the market, it will be hard to trust the market if you’re one of those victims. Biggest fraud is Limiting yourself from knowing better, cryptocurrency is not a safe investment well the most volatile price movements.

Nowadays, it is truly difficult to trust the market because you can't guarantee that your funds will be safe from scam projects. I experienced getting scammed before, I did not blame anything or anyone because I know that I messed up on making decision regarding on where I can invest my money. I was easily tricked by their sweet lies and I don't even tried to search any details because they sound too sweet that makes me think that my investment is going to be worthy, it turns out that it is not. About that, this kind of incident should be a lesson to any of us because we can't control or even stop people if being greedy hit them. We need to be a good observer so that our funds will be safe and secured from those kind of people.

crairezx20

legendary

Activity: 1638

Merit: 1046

Bitconnect is fraud before they release because of their promises and they are focus on investment scheme that is why other people telling that there is no investment scheme that will make you rich fast and almost all investment online have a high risk unlike a real bank with only 1% to 3% yearly interest.

Bitcoin is a lending investment and they promise that we will make a good profit but after the government of UK they issued Bitconnect a notice with two months to prove its legitimacy. Bitconnect fails to provide that they are legit and they found that the bitconnect company has never existed.
That is why they end up to become scam in the first place their plan is to scam people.

Dalmar

hero member

Activity: 1106

Merit: 500

Life is short, practice empathy in your life

Bitconnect team scammed a lot of people and they didn't stop after the warnings by the legal regulators. The CEO ran away with the stolen funds, I remember the flash crash on Bitconnect price, the chart was flushed in matter of seconds. The scam projects will have the same faith one day included Onecoin and similar centralized projects.

samcrypto

sr. member

Activity: 2044

Merit: 314

Vave.com - Crypto Casino

Any coin can be a scam at the end of the day, developer can still leave the project after 10 years of working with it and this is why we need to take profit always and don’t be too greedy on holding with your coins. There’s a lot of scam projects before, whether its big or not it can still affect the market, it will be hard to trust the market if you’re one of those victims. Biggest fraud is Limiting yourself from knowing better, cryptocurrency is not a safe investment well the most volatile price movements.

Doranile432

member

Activity: 476

Merit: 22

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,

Topic: The biggest crypto fraud of all time (Read 661 times)