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Topic: Why did people get involved in bitconnect? - page 12. (Read 2661 times)

newbie
Activity: 113
Merit: 0
One of the things that drives humans to do much evil. Pure greed. They see numbers and they believe they can get rich overnight without trying and they all end up being scammed
full member
Activity: 210
Merit: 100
Presale is live!
Greed. The greed of huge returns can make a person ignore basic research to be done on a coin. Bitconnect was mostly promoted through youtube by guys with huge followings and since it was promoted by someone they trusted they bought the coin based on its hype and didn't do any research on it.
legendary
Activity: 2534
Merit: 1338
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?
It is always the same reason, people know something shady is going on but they do not care as long as they can get their profits so they ignore all the warning signs and as long as their investment is working for them then they are willing to invest in such a project despite the risks, this is why you see many projects in cryptocurrencies that are very clearly scams but people keep investing in them.
legendary
Activity: 1288
Merit: 1087
9.9 times out of 10 people know perfectly well what they're exposing themselves to deep down, they just refuse to acknowledge it to themselves and believe bad things will happen to other people. It was as textbook a ponzi as humanly possible, so much so it was almost like satire.
full member
Activity: 448
Merit: 107
CryptoSport
Seriously how can you resist this guy : https://www.youtube.com/watch?v=HD7L2u8N2kY

The world is not gonna be like it use to be anymore ! ^^

Still laugh about it one time a day  Grin Grin Grin Grin Grin
member
Activity: 196
Merit: 10
There are two reasons: the low level of financial literacy, that is, people just do not understand what they are going to do. The second-people who are prone to risk, understand that in front of them is a financial pyramid, but they want to risk and think that they have enough ingenuity at the right time to withdraw money.
jr. member
Activity: 126
Merit: 4
It's because they want easy money plus bitconnect is advertised usually by a close friend or someone they know who already earned by investing. They just passed it through referals and word by mouth advertising. Then the people got hyped.
member
Activity: 313
Merit: 11
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?
because many people like earning big while doing nothing and seeing others successful earning in bitconnect and fear that they will left behind if they dont invest not thinking what they entering.
sr. member
Activity: 672
Merit: 274
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?

Those who got involved knowing that it is a scam are no better than the main scammers themselves. They got involved with the hope of making a killing - in effect stealing from others - and getting out early.
jr. member
Activity: 96
Merit: 1
I believe it was pure greed, they saw some incredible numbers and they believed bitconnect would make them millions in a short time so they went into it in droves. People sold properties and emptied accounts to get into that scam. I felt so bad for them, but at the end, it was their own greed which did them all in.
member
Activity: 476
Merit: 10
Yeah i dont know why thy invested on that scam. I even told to my friend that its a scam and sell the coin why the price is high and yet he never listen in the end he lose big. I dont even know how people believe it that ponzhi scheme strat yeah it will start a big price at the begining but when people stop investing you lose it.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
You really don't know why? Because of wasaaaa wasaaa wasaaaaa BITCONEEEEEEEEEEECT! Grin
https://www.youtube.com/watch?v=61i2iDz7u04

Sure it was greed, but also a lot of high hopes. They were seeing all these people telling them that it's a great investment and how they are making tons of money every month.
The problem is that when all those people are making money and you're not yer in, it means that you are on the bottom of the pyramid  Wink
sr. member
Activity: 728
Merit: 254
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?
must people invest on this pyramid scheme or should i call it ponzi scheme, out of greediness, they want to get rich  over night, they never care to read the handwritten  on the wall
sr. member
Activity: 812
Merit: 250
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?

They want to risk their money, a high daily interest offer of bitconnect for lending from their investment is one the reason why they choose to join despite of those warnings from other that bitconnect is a ponzi scheme. People are getting greedy so they always ended up losing like what happened.
Greed makes them forget the investment risk. they think fast to make money but do not analyze the investment method is good and right.
Finally they screamed by the bitconect they had become poor.
full member
Activity: 404
Merit: 105
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?

They want to risk their money, a high daily interest offer of bitconnect for lending from their investment is one the reason why they choose to join despite of those warnings from other that bitconnect is a ponzi scheme. People are getting greedy so they always ended up losing like what happened.
sr. member
Activity: 854
Merit: 257
It is not like all people who joined Bitconnect knows that it is scam in the first place until they had experience of being scammed by it. Those people who joined got bittend by the promises of having your money double or even tripled in a fast and easy way. I think there are really people who tend to be persuaded with this kind of promises especially when they were able to earn something on the first time and just get scammed once they have fully trusted it.
sr. member
Activity: 1876
Merit: 289
Zawardo
because bitconnect looks legit and many people believe that bitconnect will go to the moon, plus carlos matos convinced people that he promised to all investors that they will rich together if you invest in bitconnect, then people fall for it and invested their life savings.
legendary
Activity: 1932
Merit: 1273
I want to know why people got involved while knowing that it was a HORRIBLE scam from early on?
Because those kinds of people are the one who wants an easy way to make sums of money, they didn't want to work hard to achieve a wealth, and they didn't enjoy the process of making it. They blinded by a solution to get a get-rich-quick scheme type of investments. And personally, Bitconnect even though it clearly shows it's a scam, but the team is clearly capable of manipulating a lot of people.
copper member
Activity: 1330
Merit: 899
🖤😏
Because of $100 Million and 20 shills. try investing $100 Million on a total scam token as activity token, shill for it with accounts other than my only account  and see what happens. rename the coin and replace me with a dedicated team of scammers. money will come. 9 from 10 are doing this, every facking day.

If you are an idiot, you would buy my tokens. and if I'm a scammer, I would let you to buy them. how many people are announcing a new coin every day? they are all total scams. no exception.
jr. member
Activity: 154
Merit: 1
Due to the fields for lucrative investments in the future And the ever-rising prices become one of the biggest reasons why so many people are looking to invest in bitconnect and they just want to get a faster profit ....
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