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Topic: Why did people get involved in bitconnect? - page 4. (Read 2661 times)
people believe that there is an easy money in market by seeing just a few getting rich, the ponzi schemes like bitconnect have been around and so many times even before the crypto, the risks that arise when playing are also very large and they must be ready to accept all the facts without blaming others.
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?
I don't think anyone expected it to drop so dramatically. Crypto is still something new, so we all learn from mistakes. Ours or the mistakes of others.
yes we all learn from each other here, find out what we didn't know before.
I believe that these people are just victims of a pure SCAM. As they could see, there is an existing token and as the price is getting higher and higher, they become blinded about it without even realizing the danger they're in and yes, it's already too late before they know it's just a scam. Wanting to earn big profit can sometimes so catastrophic that you really never thought would happen to you.
Unfortunately people believe there is a way to get rich quick around every corner. People get blinded by the profits they believe others are making and don't want to miss out.
I do not think that bitcoin is a financial pyramid is a new future currency is the same digital money who says that crypto currency is a pyramid or bubble then I advise you to learn in detail the market itself and to see the optimal
People do things for various reasons. But most join bitconnect because they wanted to a get rich quick scheme.. It did serve a few as the early birds were able to rip the late comers.. But a lot of persons joined even with the knowledge that it would not last. Some noobs were caught in the process.
People again fell for easy daily profit. They don't do any apropriate research, don't do simple math and that's the end result. If something sound too good to be true it is a scam.
i was also invested my 5000$ ino bitconnect, and i lost all my 5000$ but now i found another website for investment , the website is geniun because the website owner floyd is live in chicago and they are genrating profit by our paykeyy shopping malls, site is paykeyy.com
i am tracking the website since 4 months they guys paying in real and they have really shopping malls in chicago , so i think we can try paykeyy with little amount ,
i am tracking the website since 4 months they guys paying in real and they have really shopping malls in chicago , so i think we can try paykeyy with little amount ,
Your website, paykeyy, is absolutely 100% a scam. It's simply another Ponzi scheme. Any time any "program" offers guaranteed returns, especially as high as this one, its definitely a scam. You might get back some of your capital but I bet you anything you will not get back your original investment.
I notice you selected "Test." In that case you might get back $20 to $22. But that is to trick you into thinking the site is legitimate, which I guarantee you, is not.
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, so they find information and ideas to back the 1% part of their mind that says hey, what if it is real. And then... reality.
I’m not a victim but it’s the “Oliver Twist” ( I want more) in us. Even as at the time it became very clear that bitconnect was a scam, a friend of mine still had some greed in him. He invested in bitconnect when it came down as low $3 and asked me to watch him sell at $50 within a week. I’m still waiting for him to sell and take me to lunch from that profit. It’s simply the greed in us that makes us ignore the word “scam”.
There is simple fact for this one, people love free money and when the bitconnect came in as forked coin then surely everyone would wanted to have the chances of getting this coin and sell it as soon as they got their hands on it. But the project founder was also smart, he literally pumped the coin artificially and people started to think that its all new coin that will overcome the bitcoin prices in no time and thus in very short term other people also invested heavily into this coin and then it got even pumped more. But this was failure to not to understand the coin properly and everyone got scammed later on.
It has to be some level of greed. It was pretty obvious I don't understand people who put their life on a complete gamble. I hope nobody lost everything. Good people are often more willing to try things that might not be positive for them, it's stupid and sad.
Early adopters know they will have a bigger part than the later majority that will get fucked up.
Not necessarily. Early adopters in Ethconnect got zilch, like everybody else.
Every time you knowingly invest in a Ponzi scheme, be prepared to lose all. There's so many different Ponzis right now that keep attracting people; in addition to the arbitrage schemes there's a bunch of different cloud mining scemes. Every time you see the words "arbitrage" or "cloud mining," think SCAM in your head. You'll be better off.
when people will join the pyramid scheme they should really understand the risks because if we are in the middle position to the top then we will get fantastic profits but if we are on foot assuming we join at the end of time then we will lose all our funds
people thought bitconnect is not ponzi they are paying daily interest lending exchange with bitcoinnect coin generally they don't study how they function people only think they get daily % from their investment and referral comission , but actually when money flows in bitconnect they paid out to members the truth is so many members into this bitconnect because of youtube and videos some people post the videos that they earning hugely than other's with investment blah blah people get greedy and join into this ponzi scheme but finally blast out this scheme all money is gone.
As i think people can earn money for bitcoi.with work hard.and if we work with brain we can get a lot of profit form this.and they wanted crypto currency so they involved to bitcoi.
They promised good returns and people were blinded by greed,as they thought they could get rich through it,it has become a regular feauture in the crypto world,people delving into systems that don't look 100% due to greed or so
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 do not think people know it is a fraudulent coin. Investors who pour money into Bitcoin are not knowledgeable about Crypto. They are just greedy people and want fast money. Some people have been cheated because of lack of knowledge. I think that's the main reason. I want to know why people got involved while knowing that it was a HORRIBLE scam from early on?
What actually makes people to lose on such programs is as a result of greed and wanting to make more money as a result. This was why people got involved in it and many lost money in it
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