UK threatens to shut down BitConnect

tbearhere

legendary

Activity: 3164

Merit: 1003

UPDATE
Our #BitConnect cryptocurrency will be removed from all exchanges.
Therefore, we offer an opportunity for our members.
You can exchange your BCC tokens at the current rate of $142.47 USD per token.
Only until March 19, 2018.
Follow the instructions in the following article:

Click here: http://telegra.ph/GUIDE-TO-RECOVER-THE-INVESTMENT-FOR-THE-BITCONNECT-BCC-CRYPTOCURRENCY-02-26

***SCAM AGAIN***

popolite11

sr. member

Activity: 882

Merit: 250

What are the news. Does it really BitConnect is closed? I have some plans for this platform. Telling the truth I don’t see any sound reasons to prohibit this online cryptocurrency service. That is not right decision.

Isaremj3

member

Activity: 294

Merit: 11

What really happened that UK threaten to shut down bitconnect. If it happen what will be faith of those who invest in the project.

jk_14

legendary

Activity: 1292

Merit: 1000

Quote from: ghostunicorn on December 09, 2017, 03:34:53 PM

Quote from: 99th on December 09, 2017, 03:24:41 PM

Quote from: endlasuresh on December 09, 2017, 02:33:20 PM

UK had made right decision for closing this Bitconnect and they also need to raid more such companies in England. My main advice is those who had coins or tokens sell them asap and find a new life.

Since when was Bitconnect closed? As far as I know they just had some more parties at the blockchain conferences. These guys aren't going anywhere anytime soon...their token was worth under $100 about 6 weeks ago and is over $400 atm. I know many people hate bitconnect because tney aren't profiting from it like everyone else, but they aren't going anywhere.

They're not closed yet, but they have to be closed by the governments. Because it's not a crypto, is a ponzi work. This is not hard to understand this, never get involed with those ponzi promoter bitconnect please.

Well, a lot of the cryptocurrencies around today are just vehicles scams and ponzi schemes. But yes, BitConnect should be shut down and the people responsible should be held legally accountable. Somebody should sue them before they get "hacked" and disappear if they want to keep their money.

Hanii

newbie

Activity: 3

Merit: 0

Why are people still blindly believing this incorrect information? Nothing of what OP says is true.

Quote from: Hanii on November 14, 2017, 10:24:28 PM

For anyone reading the first post in this thread and just accepting it with no context or evidence...

The UK government has not stated in any way that they are shutting down or threatening to shut down BitConnect and there is no evidence to even suggest that.

There has also been an article on The Next Web which I assume is where OP got this false information from.

All that has been said/shown is a normal (likely automated) letter from Companies House to the company "Bitconnect Ltd".

Basically all the letter means is that they see the company is inactive as it has not filed any accounts so they are giving a warning that the company will be dissolved, but BitConnect likely isn't even using this entity or never has.

tamango

full member

Activity: 602

Merit: 100

I hope that Bitconnect ponzi scheme will crush as soon as possibile.. these ponzi’s scheme are ruining reputation that world has towards cryptocurrencies and, most important, many people that have invested in project like this will Lost everything....

bisa coy

member

Activity: 142

Merit: 10

there may be problems in bitconnect because bitconnect is currently a lot of hesitant owners and maybe also bitconnect investors in english suffered huge losses.

ghostunicorn

full member

Activity: 168

Merit: 100

Quote from: 99th on December 09, 2017, 03:24:41 PM

Quote from: endlasuresh on December 09, 2017, 02:33:20 PM

UK had made right decision for closing this Bitconnect and they also need to raid more such companies in England. My main advice is those who had coins or tokens sell them asap and find a new life.

Since when was Bitconnect closed? As far as I know they just had some more parties at the blockchain conferences. These guys aren't going anywhere anytime soon...their token was worth under $100 about 6 weeks ago and is over $400 atm. I know many people hate bitconnect because tney aren't profiting from it like everyone else, but they aren't going anywhere.

They're not closed yet, but they have to be closed by the governments. Because it's not a crypto, is a ponzi work. This is not hard to understand this, never get involed with those ponzi promoter bitconnect please.

99th

member

Activity: 196

Merit: 22

Las Vegas

Quote from: endlasuresh on December 09, 2017, 02:33:20 PM

UK had made right decision for closing this Bitconnect and they also need to raid more such companies in England. My main advice is those who had coins or tokens sell them asap and find a new life.

Since when was Bitconnect closed? As far as I know they just had some more parties at the blockchain conferences. These guys aren't going anywhere anytime soon...their token was worth under $100 about 6 weeks ago and is over $400 atm. I know many people hate bitconnect because tney aren't profiting from it like everyone else, but they aren't going anywhere.

charlescoin

full member

Activity: 182

Merit: 106

Quote from: endlasuresh on December 09, 2017, 02:33:20 PM

UK had made right decision for closing this Bitconnect and they also need to raid more such companies in England. My main advice is those who had coins or tokens sell them asap and find a new life.

Contrary to what a lot of people think, regulation from the authorities can be a great thing for cryptocurrencies. Too many people are falling for scams and using crypto for illegal activities.

endlasuresh

full member

Activity: 756

Merit: 103

UK had made right decision for closing this Bitconnect and they also need to raid more such companies in England. My main advice is those who had coins or tokens sell them asap and find a new life.

jk_14

legendary

Activity: 1292

Merit: 1000

Quote from: fayrouz on December 09, 2017, 01:36:28 PM

Quote from: DeltaX on December 09, 2017, 02:24:22 AM

Quote from: ?? on ??

All this bitcoin Ponzi Schemes here and there claiming to be bitcoin investments. I don't really know why most people still trust Ponzi schemes even after been a victim to it.

Well, Let's wait and see if after two months they did not prove their “cause to the contrary” as requested by the UK Registrar of Companies, them we know that Vitalik Buterin was right when he states then that BitConnect is running a ponzi scheme.
I hope the UK takes every measures and make sure participants money are been return to them when they closes the company.

Because the ponzi users try to fool others to join in this ponzi scheme. This is same as what already happened with regal or hextra coin. With the same structure as the bitconnect and majority of the dumb person try to earn the more referrals by deluding another person.

This method will make the more victim join in these ponzi schemes.

We should be wise and read more about what's the project is all about.

It's a ponzi, period. You don't need to read anything other than the daily returns to know straight away that it's just a ponzi scheme. The returns are impossible to sustain.

fayrouz

member

Activity: 84

Merit: 10

Quote from: DeltaX on December 09, 2017, 02:24:22 AM

Quote from: ?? on ??

All this bitcoin Ponzi Schemes here and there claiming to be bitcoin investments. I don't really know why most people still trust Ponzi schemes even after been a victim to it.

Well, Let's wait and see if after two months they did not prove their “cause to the contrary” as requested by the UK Registrar of Companies, them we know that Vitalik Buterin was right when he states then that BitConnect is running a ponzi scheme.
I hope the UK takes every measures and make sure participants money are been return to them when they closes the company.

Because the ponzi users try to fool others to join in this ponzi scheme. This is same as what already happened with regal or hextra coin. With the same structure as the bitconnect and majority of the dumb person try to earn the more referrals by deluding another person.

This method will make the more victim join in these ponzi schemes.

We should be wise and read more about what's the project is all about.

jk_14

legendary

Activity: 1292

Merit: 1000

Quote from: ?? on ??

I don't really know why most people still trust Ponzi schemes even after been a victim to it.

They're basically just gamblers and hope that they will manage to exit with profits the next time around. But people that are so greedy will probably not manage to control themselves and stay in for too long.

But even then, I don't get why they would support ponzis instead of supporting real projects with their money.

DeltaX

sr. member

Activity: 644

Merit: 250

Quote from: ?? on ??

All this bitcoin Ponzi Schemes here and there claiming to be bitcoin investments. I don't really know why most people still trust Ponzi schemes even after been a victim to it.

Well, Let's wait and see if after two months they did not prove their “cause to the contrary” as requested by the UK Registrar of Companies, them we know that Vitalik Buterin was right when he states then that BitConnect is running a ponzi scheme.
I hope the UK takes every measures and make sure participants money are been return to them when they closes the company.

Because the ponzi users try to fool others to join in this ponzi scheme. This is same as what already happened with regal or hextra coin. With the same structure as the bitconnect and majority of the dumb person try to earn the more referrals by deluding another person.

This method will make the more victim join in these ponzi schemes.

bribed

full member

Activity: 238

Merit: 100

Quote from: rexter on December 04, 2017, 07:19:06 PM

At last the Bitconnect has been stop by the authority the operation of Bitconnect was totally scheme,i was nearly also be a victim of this project it is better to be shut down this kind of currency,so that the other good project will not be affected by there reputation.

It doesnt even deserve being called "kind of a currency". The only term that I have for Bitconnect is mlm scam. This kind of schemes are hurting the people that throw their money into the pot, but they even more hurt the reputation of the whole cryptospace. This is what worries me the most. If the Bitconnect scheme gets shut down by authorities, there will be a lot of negative press about the crypto space in general. That will do more damage than the money lost by the "investors".

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: justin86 on November 21, 2017, 09:35:11 AM

Oh, I would be happy if UK shut down bitconnect, if that happens a lot of people lose money and maybe more people learn where to invest their money and how to avoid scam projects.

It is funny how people just try to look for cheap money and then make use of Ponzi scheme thinking one day the bubble won't burst on them. Bitconnect's time is pretty getting closer by the day and I really pity the newbies as they will be the last on the chain to lose most of their investments at the end. Unfortunately, if you tell these guys, they can chew you raw.

Quote from: yannick225 on November 21, 2017, 07:09:35 PM

I hope that those of you that are still participating in BitConnect get out while you still can, in 2 month max Bitconnect will be shut down and lot of people will lose money.
Stay away of this scam, it's the same thing like Onecoin a obvious scam !

I remember during the era of Onecoin, people were told point blank that they should discard it as it is a Ponzi scheme, but what happened, they will give you some screwed up reasons why it is not. Anyone who sees fire and after warning him decides to still go ahead to touch, allow them and obviously they will end up learning their lessons at some point.

rexter

full member

Activity: 182

Merit: 100

At last the Bitconnect has been stop by the authority the operation of Bitconnect was totally scheme,i was nearly also be a victim of this project it is better to be shut down this kind of currency,so that the other good project will not be affected by there reputation.

LoveHateWithCrypto

newbie

Activity: 25

Merit: 0

Great news that the authorities are stepping in to stop this ponzi scheme! Bitconnect should no longer tarnish the reputation of cryptocurrencies and to think it was even top 10 at some time! A lot of noobs must have been scammed by Bitconnect and youtubers who shill Bitconnect are scums (dont even know how they wake up every morning without feeling guilty)

bribed

full member

Activity: 238

Merit: 100

In the Bitconnect thread, there is not much talk about such a thing happening, and after asking about it, people just ignore my question. Are there any more news about this already? Im really curious how this whole thing keeps enfolding.

Topic: UK threatens to shut down BitConnect (Read 7373 times)