Topic: Why did people get involved in bitconnect? (Read 2661 times)
I think Bitconnect is successful in implementing massive promotion strategies and attracts the public to attract as many investors as possible. the way the team conveyed what was their project's vision and mission also made a sense of community trust emerge. in spite of the eventual failure of this project, it has become part of the risk of digital investment, especially in the cryptocurrency industry
That kind of scams occur at every moment in this ecosystem, remember that at that time much money entered the market and not everyone who entered here were as prepared or informed as we are now, so it is easy to think of people who are carried away by this kind of absurd income, in that moment of prosperity did not sound so crazy.
I think people hope they can get in and out before it goes bust. Then when they see they actually get paid for a period of time, they want to start believing that it's really that good
This is why there are cults and such... people get overwelmed and are carefully driven on their emotions to the point where the scammer want's them...
People behave a lot like sheep on a herd... and when money is concerned the herd turns carnivorous and greed takes over... the idea of uncountable riches rules thir mind and they just do what they are told by the master ...
human nature is sometimes so keen and strong and sometimes so dumb and predictable...
People behave a lot like sheep on a herd... and when money is concerned the herd turns carnivorous and greed takes over... the idea of uncountable riches rules thir mind and they just do what they are told by the master ...
human nature is sometimes so keen and strong and sometimes so dumb and predictable...
well maybe in order to avoid being exposed to fraud again they realize that they are too quick to conclude, because this year it seems more and more Sacaming, so to not be affected they are too early to conclude, but sometimes it's true if too few supporters usually are scams, well but true browsing first is also important, before you consider a scam too early.
to get rich quickly, of course. the tempting offers are too huge to ignore for impatient people.. in the first few months, everything seem to be so cool so everyone was so confident it would last forever. and the rest is history.
Scammer will do everything on their power to deceive and get what they want.. simply money...may it be in pyramid or what... investment in any platform like these is a little bit suspicious, if without careful investigation and knowledge regarding these will fall into huge loss... better not to enter into this.. just be patient with your bitcoin your profit will come to
Because greed. For the record, some people already knew it was pyramid scheme, but still got in early and made profit.
People fall into these schemes due to the heavy returns promised
I think most people who invested in Bitconnect are new in cryptocurrency and wants to earn huge, quickly without doing hardwork.
They don't have enough knowledge and didn't even study that this kind of hyip is a pyramid scheme, i hope people now realize how important due diligence is before investing.
They don't have enough knowledge and didn't even study that this kind of hyip is a pyramid scheme, i hope people now realize how important due diligence is before investing.
People are joining the Bitcoin platform so. Because Bitcoin is such a platform. In which people can earn money by working without any investment. And can meet your life's needs. Almost all people around the world will be connected to Bitcoin in the coming time.
Because people hear the promises of success, those who are not equipped with good knowledge will easily believe, and the results of how well we know. So be a lucid person before making a decision
Quick profit is the name of the game, and you have to admit that bitconnect promised that in spades, infact it not only promised that, it delivered that promise to many people, it is unfortunate that the vast majority lost though.
Bitconnect looked like a pyramid scheme from early on, and it had a ton of warning signs. If you missed the fact even a ton of people on youtube told everyone that bit connect was a scam, so you didn't even need to notice it yourself.
I want to know why people got involved while knowing that it was a HORRIBLE scam from early on?
I want to know why people got involved while knowing that it was a HORRIBLE scam from early on?
Only to does whos willing to invest without regreting can invest their money to these Pyramid and Ponzi schemes. Yes, this is an easy money however, the problem here is when will it last? So if you are willing to take a risk, then do it.
People got into bitconnect because it promised good profit in a really short time, they got into it for the same reason that people still foolishly invest in High Yield Investment Platforms known as HYIPs, they just want to make profit real fast, it was a calculated risk for some people and blind risk for most because some people were lucky and made a lot of money from that scheme although the majority lost.
Everybody who uses bitcoin is profitable, they want to connect with each other, meaning they want to share their way of making money, and there can be many components of fraud. Many of the participants may be due to their curiosity or greed.
They think bitconect will provide more benefits, even though bitconnect itself is a scam project because the team has fled. Initially, it did have good potential but the developers were not responsible so they ignored bitconect. A dilemma for crypto lovers.
Every opportunity is a banger to always make profit from it whether its a good one or a bad one. the problem with people is greed and inability to enter or quit at the right time.
Bitcoin is really good for us. people get involved Bitcoin connect because Bitcoin gives lot of opportunities to trade. you can development your life, your country using it. so most of the people believe it. most of the people want to good life. and Bitcoin gives lot of promising chance to build up good life.
maybe some people that bitconnect is a good project and good things, so they want to involved with bitconnect and anything else, or just people that just follow their trends or friends to involved in bitconnect without knowing what is bitconncent?
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