Why BitConnect will destroy crypto - page 3.

ulhaq

sr. member

Activity: 503

Merit: 286

Quote from: mummybtc on January 17, 2018, 01:49:11 PM

By now I expect all the value of these lending-like token platforms to crash but because people are greedy they won't exit their position, it is very clear for all to see that Bitconnect is a ponzi scheme

There is nothing wrong with lending, but bitconnect simply looked fraudulent, other lending sites will survive and thrive. Even now, bitconnect is not owning up to their responsibility, their statement regarding the shutdown is just making excuses and blaming other people.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: Atomise on October 28, 2017, 08:12:16 AM

It's simple, when they pull the plug, this will be one of the most catastrophic and devestating Ponzi schemes the world has ever seen

no it, wont

bitconnect unlike bitcoin was publicly created and marketed by rich capitalists forces behind it,

this has much more a centralised handwritting like ripple and the banksters have than it has a decentralist one, like bitcoin etc.

i rather think its good that bitconnect which shouldnt be listed as ripple collapsed,

i think eos is likely the nest one, and then comes, ripple hopefully

mummybtc

hero member

Activity: 868

Merit: 500

By now I expect all the value of these lending-like token platforms to crash but because people are greedy they won't exit their position, it is very clear for all to see that Bitconnect is a ponzi scheme

Nureni

newbie

Activity: 118

Merit: 0

Nobody can kill crypto it is a research and technology which crypto is built on.

ulhaq

sr. member

Activity: 503

Merit: 286

Really unfortunate for everyone who lost money, but the evidence was out there for a long time, this particular thread started in October.

cryptonero

member

Activity: 210

Merit: 12

Because these ponzi schemes are getting a lot of impact to the whole crypto community,government will start regulations because of these schemes.

crazyphoenix

newbie

Activity: 26

Merit: 4

Somehow this kind of ponzi will destroy crypto because other people think that all crypto is a ponzi. Other Entities will also took this opportunity to ride on the negative news for their own gains specifically bankers and people who are involved in stocks and Forex trade.

newcoin1

newbie

Activity: 42

Merit: 0

Actually I think that Bitcoin is Holding all Cryptos Roll Eyes

kang_kung

member

Activity: 111

Merit: 10

Quote from: Atomise on October 28, 2017, 08:12:16 AM

It's simple, when they pull the plug, this will be one of the most catastrophic and devestating Ponzi schemes the world has ever seen

It leave bad name for cryptocurrency.

seoulfood

newbie

Activity: 21

Merit: 0

The sad fact is that there a lot of coins like this. We should all be prepared for the fall. Keep some of your capital liquid and buy back in.

Remho

newbie

Activity: 5

Merit: 0

hahaha i dont understand you guys doing the hate with bitconnect yes indeed it operates on a shaddy or ponzi scheme... bitcoin was a shaddy coin too id prefer LTC more however nowadays because of shitty follower of btc now the scam of yesterday is the truth of today.

bitconnect will create his own ico for the exchange of bcc so people doesnt need those shit bitcoin exchanges.

Katagatame

newbie

Activity: 45

Merit: 0

Ponzi scheme. It is not sustainable in the long run and right now they're promoting another one which is bitconnectX. Are they trying to save a sinking ship?

bitcoiner0101

newbie

Activity: 56

Merit: 0

Every Coin revolve around Bitcoin.Bitcoin is the standard coin.If Bitcoins goes off It'll be the most catastrophic and devastating Moment for Crypto world Shocked

thebitter

newbie

Activity: 47

Merit: 0

There are many scams, but it won't destroy crypto. Mainly Bitcoin will not be destroyed.

hieu81

sr. member

Activity: 518

Merit: 250

Quote from: cryptomngr on December 26, 2017, 08:46:18 AM

Because the Bitconnect is a well crafted ponzi scheme,it will destroys BTC's credibility to the investors.

Bitconect is other way to develop crypto! With bitconect you can trading, mining and lending! But I think! Hold this coin will get profit fast than lending! I think!

cryptomngr

member

Activity: 182

Merit: 10

Because the Bitconnect is a well crafted ponzi scheme,it will destroys BTC's credibility to the investors.

vv181

legendary

Activity: 1932

Merit: 1273

Why do you think the end of a Ponzi scheme will have an enormous impact on cryptocurrencies scene, you clearly didn't understand about it. There is no way a Ponzi scheme will destroy the crypto or even make the word crypto will be a negative sentiment.

sehoon

full member

Activity: 840

Merit: 101

What do you mean? Do you have any evidence to support this claim?

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: junoreactor on October 28, 2017, 08:32:52 AM

Hi Atomise. Would be nice if you could elaborate a little bit on the reasons why you think this way about bitconnect.
How to be sure it will or won't turn out to be another Madoff like scam?
I'm not sure how much time and money was dedicated to create the platform...give us more info please. Wink

madoffs scam was very masterful this guy lived effectivly 50 years from the earnings of stupid americans that believed jews were masters of money creation,
i doubt bitconnect can do such a longterm successful scam

Panda Trump

sr. member

Activity: 588

Merit: 254

Quote from: hah on October 30, 2017, 09:22:00 PM

Quote from: kmntrci on October 30, 2017, 05:35:36 PM

Quote from: abvhiael on October 30, 2017, 05:14:51 PM

BitConnect was more than just a coin for me it has a intresting cause three months ago the coin reached an all-time high price of $60. as claimed by dome but now it is: 1 BCC = 0.03709800 BTC (almost $227) for its rapid growth. The coin skyrocketed value by the start of June 2017. it is totaly ligit and probably is the best altcoin investement.

he is right this is all about money. İNVESTMENT HAVE TO BE PLANED. there is no investmnet LIFETIME . GET YOUR PROFIT AND GO MAKE ANOTHER ONVEST MENT.

IF THEY PAY THEY ARE NOT PONZI. when they wont all ponzı. things goes like this on MONEY bussinnes!!!

When there is risk there is opportunity, I remember hearing about bitcoin when it was dirt cheap but a lot of media experts saying shit about how it's a ponzi scheme. Which is why I didn't buy bitcoin, and then a friend of mine told me about bitcoin when it's 20 dollars each I still think it's a ponzi and then at some point it shot up to over 1000 dollars in a week. At that point I'm like fuck I should've invest a bit. Anyway this was a lesson, don't trust what you hear and see, you need to do the research yourself and then calculate the risks on what to invest. I think bitconnect is a ponzi and evenually will burn, but the question is when? And can you make money off it? The returns it give is crazy I will not advice people to go in but if you want to gamble and think of it like going to a casino then you might run off like a bandit with bitconnect. In the off chance that it's not a ponzi then that will be even better.

Some things are guaranteed to be a scam. Bitconnect is one of them.

Bitcoin was never guaranteed to be a scam. I also advise you never listen to experts... Really, if I knew about Bitcoin's existence when it was dirt cheap, I would've invested in it, simply because there was no reason at all to think it was a Ponzi scheme. Was there an insane amount of ROI being offered? No. Were there referal programs? No.

I can go on and on...

"When there is risk, there is opportunity."
Incorrect. "When there's opportunity, risk is most likely present.", would be a good statement. Your statement however, is easily invalidated by:

Let's take a risky thing: Jumping off a building... What is the opportunity? Leaving life? Yeah, that's such a great opportunity!

Regards,
Trump

Topic: Why BitConnect will destroy crypto - page 3. (Read 1635 times)