The BitConnect scam is DEAD. What happens next?
Bitconnect has officially closed it's doors, shutting down it's trading platform and cashing out users in the form of BCC tokens, which are getting closer to worthless by the minute.
I've taken a lot of heat from BitConnect promoters since my "Truth About BitConnect" video 2 weeks ago. I feel for the people that got duped, especially the ones who couldn't afford to lose what they risked, but the bright side is the scam is over, and the crypto world is stronger because of it.
Watch more of my videos and subscribe to my Crypto YouTube channel.
Thank God! The Crypto-world is a bit cleaner now!
there are many other bitconnect-like web site unfortunately...
true, but this one was so obvious and so popular at the same time...still can't believe, anyone put money into it
Agree, step-by-step, cleaning this new world ^^
name names.
Life is gonna be miserable for them always having to look over their shoulder.
Trevon is still around...
They will all find another s***coin to hype. Craig Grant is already pushing BitconnectX!
he's really active on steem too. @craig-grant is his account.
I have lost a lot of money!
Why didn't you do a minimal amount of research to determine this was an obvious Ponzi?
Why did it seem reasonable to you that they could guarantee rates of return that were 10X higher than any other returns you could get in any other investment?
and I guess most importantly ..... why were you so greedy ?
Some people are not greedy, it Seemed a very fair and reasonable system to use. If you think about the alts market since i got into crypto september-october. we seen regular days of 10-20 percent gains if not more per day. why would it seem unreasonable to lend your money to a supposed bot for it to pay you back a mere 1 percent whilst trading that market? You have to remember that not everyone is a pro at this type of thing and most of the new arrivals to crypto are looking at new ways to earn money. starting to use an exchange for a novice a scary undertaking unless you have previous experience in Forex, stocks and shares. I also got court up in it for the tune of 750 dollars but lucky i have money in there that i was willing to lose. Greed is not the problem on the users side. i think your question in regard to greed is a little unfair.
Just my opinion, I seen bcc videos when I started in crypto. From the moment I saw the offer or how it worked I knew it was a scam.... No way you can get daily interest @ near 1% everyday for 200 days then get all your capitol back at the end of that.....if you fell for that, it was greed or a lack of education followed by being mislead by the likes of trevon etc etc etc
id go with the lack of financial education. Although id love to think of myself or others as educated, that just is not the case with crypto/ stocks shares or investments. Myself along with others are all new to this. But i can assure you i will not be happening again. I did wounder why nick had earned 700000 on the platform and only reinvested 150k of it.
that was my logic ! I managed to get out without a loss cos i pulled out initial investment after 120 days ! just luck !
Rewards Pool Farmer Alert
He is leasing 30k SP from @minnowbooster then using that to VOTE Up his own 7 Day old comments on random posts at the last minute. Scroll his comments to around the 6 day mark or just go to https://steemd.com/@ryacha21; he has a lot of self love on his own old comments.
HE IS DOING IT OVER AND OVER AND OVER.. He is farming the pool.. If you could help it would be appreciated..
Learn more about this sack of monkey spunk here:
https://steemit.com/shitpost/@pawsdog/the-shit-post-diaries-1-17-18-4
Also kinda a dick move to use the actual good post of another person to post a comment for no other reason to come back and farm it later.
Post Author, @dougpolkcrypto I do apologize.. This dude makes no actual articles of his own so the only way to draw attention to what he is doing is to comment his comments. My sincerest apologies for cluttering up your blog, outing the abusive self voting behavior of @ryacha21
Uh, no, this is not the only way to draw attention to hwat he is doing. The appropriate way to do this would be the @steemcleaners abuse report link: https://steemcleaners.org/abuse-report/
Feel for ya man, these youtubers who promote this crap annoy the hell outta me!
OMG yes. Every crypto video had that guy with his dreads and another one with a very attractive lady at the beginning. Makes me think of Herbalife! Albeit that was never this good!
Don't invest carelessly. Try to do your own research. Read news etc.
Really rya? how did it happen in here?
That's too bad :( Hope that you will make some gains soon. I try to come in with some value here. Just did a post on LBRY, gonna invest in this as soon as I get confirmation that we're entering a bull market.
Library Credits (LBRY) - Analysis
https://steemit.com/steem/@benkalashnikov/library-credits-lbry-analysis
Can't say that I understand how you're feeling bro. I've lost a lot of money in trading forex and stocks in the past but I haven't experienced anything like this. That 90% drop is crazy.
yeah me to bro.
Do not worry. As long as you did not invest everything into bitconnect you can always earn it back. There are so many good investments out there and like other's said, do your own research first. Thanks.
That's sad. Live gives hard lessons sometimes.
I feel VERY bad for the individuals who lost $. I am in no way a financial expert and this is in no way financial adivice. But in my humble opinion! I would invest in STEEM ASAP! It is VERY possible that it would help with the loses! I am a VERY strong believer in STEEM! And so is my Family, Friends and Clients! All the VERY best my Friends! Positive Energy! Great Karma! TEAM STEEM! :)
Now if buy a bunch of STEEM, because you seem like a rather nice person, and "not a scammer," and STEEM fails, should people feel sorry for me? Or be angry at you? Of course not. I'm not sure where all this pity is coming from. And I DID put some money in BCC, but then quickly withdrew it lol. If I had lost it, I would have been mad, but, in fact to quote Trevon James himself: Anyone who lost money they couldn't afford to lose was just being greedy to begin with.
If you build a castle in the air, and you use a speculative bubble as your foundation, instability shouldn't shock anyone. #BitConnect #Disconnect
It must have felt great making this vid. The writing was on the wall. So long Bitconnect. Let this be a lesson for everyone in the crypto world...stay away from Ponzi schemes or any platform guaranteeing returns.
It was obvious, bitconnect had to go.
Did anyone lose money here or withdrew it on time?
This dump is different as it helped destroy #bitconnect and castrate #ripple and some other fake cryptos. Well done, markets.
I would not call bitconnect (which is a scam) at the same time like ripple which is just a cryptocoin, even if people don't like it. For sure. But it is still a decent coin which an interesting idea behing. Also very good for trading.
Ripple is going back up anyway
I lost money, but it was money i was willing to lose. I got out before it hit the bottom and got into a crappy low market cap coin in the hopes that it shoots up and i can triple my money quickly. It’s my gambling money lol. But i feel the pain from people who lost a lot. Because people who took it more serious lost $100,000+
But its over. Done. Time to find another lending platform!! Just kidding
No, please don't. ;)
I deposited a VERY small sum--and then promptly withdrew after I realized "Oh fuck--what did I do." Anyway, I still don't understand all this hate for BCC and PITY for the ones who "lost it all." The way I see it, it's no different than when I lost my rent money on the blackjack table one christmas eve in Vegas. Yeah, it sucked, but, it was my own dumbass fault. In fact, I like what one of the hated "BCC promoters" himself, Trevon James, said: Anyone who lost money they couldn't afford to lose was just being greedy to begin with. And that's truth.
Yeah you are right. I totally agree.
I didn't loss much. Just that money which I had earned from bitconnect, somehow.
almost got into bitconnect cause of some vids that I watched on YT. But thank god, I placed the money into coins that are POS. Giving me additional coins if I leave them in my wallet. Phew!!
That's good. I am happy for you. It is like you are earing even when you are asleep :)
I lost like $4000 and I have just posted about it on my blog.
Yeh I lost a little bit. Transferred the coins to the staking wallet and bccx. Just gotta see if it goes back up any and I'll cash it out immediatly. smh. For some reason folks are buying it while its low. The bccx exchange is still coming out too. Its all strange.
They are making exchange to use their new coin Bccx there so that's why public is excited about it.I am also planning to buy it , let's see.
Use this as a lesson in identifying the psychology of heartless posturing. Posturing is where people present ideas as if they are an authority, usually with nothing to back it up and when challenged they will often attempt to intimidate or just continue the fabrication / denial.. Politicians are 'expert' at this and still, to this day, millions continue to fall for it out of desperation and ignorance. Unfortunately, once the scammers gain power they are in a position to actually cause the conditions that lead to further desperation and the whole cycle of destruction gets bigger and bigger.
The only solution is personal empowerment and enlightenment. Here's to your success!
So true
"Politicians are 'expert' at this and still, to this day, millions continue to fall for it out of desperation and ignorance."
Not only are politicians 'expert', usually they are morally debased sociopaths, skilled in instictively sussing out people's weakness and manipulating them, irregardless of the consequences or cost to the dupes who follow them.
in some cases, yes - though they only succeed due to our own lack of knowledge of self.
A very timely article about con artists, phonies, fakes, and liars. And if you think you are good at sniffing out these ponzi panderers, then this article is more than a vital read. https://www.theatlantic.com/science/archive/2016/01/can-you-spot-a-liar/423588/?utm_source=twb
It's completely incomprehensible to me that Bitconnect still has a market capitalization of nearly $ 400 million. A company without a business and without a serious business concept is valued at 400 million, you have to imagine that. That's one third of the market capitalization of Steem.
I was wondering if BitconnectX will succeed after this... An exchange needs to be trusted. Nobody wants a Mt-Gox 2.0
Right the whole situation was strange. They didnt give any updates for 2 days. Shut down gave everybody coins that were crashing and couldnt exchange for btc. They scammed 2 million people and still rolling out bccx. smh