Topic: Why BitConnect will destroy crypto - page 2. (Read 1635 times)

Because the image of cryptocurrencies are being tortured by these ponzi schemes,they are the in charge to what will the government or the people will see how the cryptocurrencies works,they will think all of the cryptocurrencies are scams if they knew the Bitconnect ponzi scheme just pull off the plug,many of the people whos victim of this scheme will tell others that they are scammed and all the people will think the crypto itself is a scam.

Already everything is green, what does the Ponzi scheme have to the crypt and its viability?

Bitconnect as i've read the news, closed down because of their 'bad publicity' . That's a good lesson for newbies like us not to trust easily in such like them. But i hereby disagree what your subject title said that bitconnect will destroy crypto. How is that? Will you ellaborate your point?

I dont have any real and competent opinion about this. Is it real scam or not.
So far i dont like the feature of lending and staking that make me think that bitcoin is not real crypto but just ponzi scheme. But thats just what i think but but not reality. Maybe anybody know the true.

My congratulations you are the oraclo of the week, ironies the part, Bitconnect told us some lessons, the first: Bitcoin is king, second: We must exercise caution when choosing our investments and third: Nothing is lost and tomorrow has new perspectives.

Well Your prediction that Bitconnect will pull the plug came to pass but you underestimate the crypto market. Sure it is going to make the regulators clamp down on crypto but this will only enable the crypto market to evolve and be stable

It has started happening.
Bitconnect update regarding the changes to lending and exchange functions

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.

We apologize for this inconvenience and we are working to get things corrected for this community and platform.

Best Regards,

The Team BitConnect

I copied this from Facebook.

Because this ponzi schemes makes all the people who wants to join our community thinks that cryptocurrencies are all scams,all the people behind this scam should be hang to death or burn alive infront of people.It makes our community morelikely the old fashion-ponzi schemes unless these people will stop doing schemes like this,bitconnectX should not be allowed in the market.

Why Kodak killed IPOs? Or wait it didn't! Bitconnect is nothing and world of crypto won't die from this, will grow and learn !

BitConnect was an ordinary pyramid, it can not kill anything. On the contrary, it's good that the crypto market got rid of such a "currency."

There is no more of this project, luckily I went around his side , but many have invested very good money, I sympathize with you guys

Not a good feeling for the people who have lost out, but after a countless amount of warnings given out by forum members, I can't understand why some still invested.

I never believed in that bitconnect thing. I don't like ponzi like project. I believe in real project. a project that will add value and solve an existing world problem. I believe so much in infrastructure projects. like etherum, OMG, ADA etc.

I agree with you one hindered percent.

Bitconnect is nothing, but a ponzi scheme and cannot cause any significant crash.

This is so true, most true crypto supporters avoid BCC and Ripple like a plague.

Do you guys think somebody really interested in crypto, care for BCC? I don't think so.

We live in an interesting time. People think they are safe behind computers but a lot of people will go to jail. Just wait til an anonymous investor gives the local police force in Bangladesh a donation bigger than their whole budget. That's how much this stuff is worth to some of the whales. They will find these people - just look for the guy who was broke last year but has a lambo in the yard now. 

You are right, but just a half. The crypto will bump again

indeed i dont know how the writer of this thread intended his title to sound like but BitConnect has destroyed crypto and the crypto world scamers i hope you are glad now thousands has put trust in them not glad of what has happened.

Bitconnect will not destroy cryptocurrencies but it has already destroyed itself.  Many people like myself avoided this project in the beginning.  Those affected were lured into this ponzi scheme with hopes of getting rich and now they have been burned badly.  Hopefully they can recover from this disaster but it'll be hard if they fell for it hard and went in 100%.