Why did people get involved in bitconnect? - page 6.

Coroline

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Quote from: squatz1 on March 12, 2018, 09:55:11 AM

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 that person is tempted because bitconnect prices always increase, and when people start to follow then prices will always increase, because we know that it is pyramid.

daoquanghuan

newbie

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Quote from: squatz1 on March 12, 2018, 09:55:11 AM

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?

Me and many others know crypto thanks to bitconnect. Some early participants paid off and got a profit but I was not so lucky. I lost a lot of money because of it, so many people anticipated the very high risk in this project but still participated. Because of its terrible interest, when no one joins again, this model will collapse and many people will lose money Angry

Radio-Active

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YOUC - https://www.youengine.io/

Quote from: squatz1 on March 12, 2018, 09:55:11 AM

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?

Maybe because they were just blindly believe about the projects ? Some peoples maybe were not doing any due diligence before join bitconnect.
Not mention that many scam ICOS scammed many peoples with a millions dollars worth! In crypto, you must very picky to choose the project.

Siren

sr. member

Activity: 826

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Quote from: squatz1 on March 12, 2018, 09:55:11 AM

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?

Its given already as you have mentioned lots of reason for these victims scape from being victimized but still they continue to invest theres only one main reason for this foolish movements,and that is GREED because they wanna earn big and faster they entered this scams..i know many users that invested in bitconnect and they are accepting the reality that it was being greed what drives them here

coinwizard_

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Most Advanced Crypto Exchange on the Blockchain

One could say the same thing about religious cults, it is clear they are run by a nutcase but people still believe it. Bitconnect had the figures and stats to prove they were making big money and will share it. However, only a ponzi can deliver such results but they took a chance anyway

Kasliono

member

Activity: 266

Merit: 10

Quote from: squatz1 on March 12, 2018, 09:55:11 AM

I want to know why people got involved while knowing that it was a HORRIBLE scam from early on?

The answer is simple, at that time, there is no one know and think that bitconnect is a scam at the beginning, Also about the news stuff, people did not believe that news in a day, same as bitcoin which have many news about it is a scam or a bubble, but why the investor still buying btc? Because the news is not always right, and the people do not believe that the newa is right

Shubhamgill33

newbie

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The primary reason was greed and greed only. People fall into these schemes due to the heavy returns promised but they do not look out for the warning signs.

FlexBrah

newbie

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because there was a pretty attractive payout program one percent per day from your deposit. Some people to maked good money who went in from the very beginning

Menaka sandaruwan92

newbie

Activity: 51

Merit: 0

Price up every year
Verry past bitcoin transar and payment
Digital currency
Online payment
I think main topic people involved bitconnect

Caladonian

hero member

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Merit: 540

Quote from: Lexurdania on August 21, 2018, 08:59:18 PM

Quote from: squatz1 on March 12, 2018, 09:55:11 AM

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?

Some peoples like to ignore people warning and be stubborn. I am reading how sad bitconnect victim but they are already warned by others peoples so i think its their fault too.

That's right those who got victimized are once been advised not to invest or been told to do research before investing their money but because they've believed that it can be an easy money to earned as someone they've knew also already benefiting from the said ponzi they take the risk blindly and now
they can't blame anyone but their own mistake.

suraza21

newbie

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Everyone who joins bitnetin connet here is where we can exchange information as well as we can exchange experience as well as exchange knowledge about bitcoin skills

abanansah

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www.daxico.com

Any suppose cryptocurrency investment that offers a consistence payment of interest is a totally scam or ponzi scheme and you don't need any one to tell you that you will part with your money. There is no certainty in cryptocurrency hence any crafted investment like bitconnect is bound to fail.

Dbzcoin

newbie

Activity: 3

Merit: 0

Cypto currencies is considered as easy way to make some good bucks by newbie investors so they try to find programs which claims high return per month or even daily basis. BitConnect claims to be a mining and trading company which many newbie believe as true because they don't have any idea on how mining and trading works in crypto world. This belief was also fueled by some so called crypto expert YouTubers who promoted this Ponzi for commission, this is so true lessons learned everyone please becareful where you put ypur coins

Lexurdania

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Quote from: squatz1 on March 12, 2018, 09:55:11 AM

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?

Some peoples like to ignore people warning and be stubborn. I am reading how sad bitconnect victim but they are already warned by others peoples so i think its their fault too.

PalindromemordnilaP

full member

Activity: 518

Merit: 101

I think that they're (the team behind this infamous scam) are very professional about what they're doing and they're good at it, IMO. Having fooled so many investors for a long time until it reached to the point that its price hits hundreds of dollars is a proof how good those people doing their thing.

sunsilk

hero member

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Merit: 634

Quote from: dimastegar on August 21, 2018, 06:27:09 PM

Maybe they are following other people who have benefited from Bitconnect. In other words they are also captivated by the words of people who have already benefited.

And they were all rekt after the biggest exit scam that the bitconnect developers did. We've got some news here that the bitconnect boss has been arrested.

https://www.ccn.com/indian-police-arrest-asian-chief-of-multi-billion-crypto-scheme-bitconnect/
https://cointelegraph.com/news/police-arrest-alleged-india-head-of-now-defunct-bitconnect-scam
http://fortune.com/2018/08/20/bitcoin-scam-bitconnect-arrest/

dimastegar

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Small Trader

Maybe they are following other people who have benefited from Bitconnect. In other words they are also captivated by the words of people who have already benefited.

maloibtc

member

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I can't understand why some people waste their time on the bitconnect but to my mind, this is the best way to earn using btc, as far as I know it is better to invest in btc and ether which are the best now

cxmyifan16

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I don't think that it is the best idea to get involved in bitconnect because as for me it looks not very reliable. I consider ether much better compared to that one and I am going to buy it for the long-term hold

ogabonny

newbie

Activity: 102

Merit: 0

Bitconnect seemed almost legit at the time, the market cap was a few billion dollars, so people started to think that it was alright after a while.It was the biggest ponzi in the space

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