RIP Bitconnect ๐Ÿ˜‚โ˜ โ˜ 

in #cryptocurrency โ€ข 7 years ago

Ding dong Bitconnect is dead.. Goodnight sweet prince.. RIP in peace to the wonderful, considerate people of YouTube who loved you for your referral fees.

Video recently where I was told I was a "FUDer"

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Finally, This scam is going down. I feel sorry for those that lost their funds but they were probably warned a dozen times!

2 months ago, I published 2 deep analysis on the topic (the first one went Viral with 7k+ views) trying to warn new investors.

Take a look if you want to understand why it was OBVIOUS it was a Ponzi Scheme.

Take care my CryptoFriends!

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 is one third of themarket capitalization of Steem.

Every time this came up Iโ€™d warn people but too many people either didnโ€™t believe me or thought theyโ€™d get out in time. IF ANYTHING PROMISES HIGH 10%+ REWARDS ITโ€™S PROBABLY A SCAN! Sure some stocks, companies, etc. can say theyโ€™ll likely payout above 10% but NO ONE can promise these returns.

Thanks for steering people clear of this.. It was such an obvious ponzi it's not even funny

Right back at you, but letโ€™s be real people shouldnโ€™t need anyone telling them this was a scam. Crypto is the Wild West youโ€™ve gotta guard youโ€™re money!

I am sorry that so many people got hurt but but it had to happen for the cryptoshere to evolve. The Market needed to correct itself and shake off the bad actors. Does anyone remember the crash of 2008 and the Bernie Maydoff story? Yeah Google it bitches.

Is it really over? @cryptobobby

Stick a fork in it.. Anyone who is telling you it's not over is an idiot of epic proportions

Yes it is!!!!! RIP!

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flagged for you guys :)

Out of this world post and video! Thank you so VERY much for sharing! Hasta la vista! Two thumbs up my Friend! Positive Energy! Great Karma! Blessed 2018 my Friends! :)

Everyone finally realizing it was a shitcoin

I'm here to talk back to all of this hip-hip hooray over nothing. Did you actually use Bitconnect? If not, why does any warning from you or anyone else for that matter even mean a thing? Coming from someone who used the humble service (1% a day is actually less than what'd you gain from investing in crypto anyway), there was nothing to be afraid of. Again, Bitconnect was not proven a scam. You celebrate nothing but the fall of a potentially amazing service because you were afraid. How pitiful, in my opinion. I can cite where Bitconnect shared that they'd halt only the lending and exchange services due to:

  1. Consistent bad press (thanks for that)
  2. Cease & desist orders from NC and Texas security boards (um, why didn't every state put out an order? Can anyone come forth saying they were harmed by BCC?)
  3. DDoS attacks (my understanding is that they were bombarded with tech assaults on their platform for whatever reason -- very lucky no one else has to deal with that)

If you can rightfully say I was in danger because of Bitconnect after using it, I'll concede. But from my point of view, the sphere bullied a pretty straightforward operation (and you people trust Ripple? owned by all the banks we're trying to avoid on a decentralized platform? and shitcoins like doge???) and for that, I'm completely disappointed.

You are incomprehensibly silly my friend.

I have been calling Bitconnect for what it is for months, a blatant ponzi scheme. Now Bitconnect ran away with your Bitcoin, and provided you nearly worthless BCC, and you're still defending them. LOL.

I hope Trevon James, Craig Grant and all these promoters of this obvious ponzi will go to prison, seriously. Imagine how many people lost money just because of their greed. Sure those people didn't do their own due diligence. Nevertheless, the promoters have misled many into it. Imagine someone would've promoted sth similar in the Stock Market. They would be in prison before you can say bitconnneeeeeeeect.

Very true. Thereโ€™s a few YouTube personalities that I had to check out just to see if they had reactions. Everything eventually comes to light.

They are no different than the TV Evangelist. "A fool and his money are soon parted" Nobody forced anyone to invest in bitconnect, so they cant prosecute. The IRS took it down, because they werent getting ant tax$$$$ from them, like Coinbase, Plus it was a ponzi, to begin with- No different than our Federal Reserves "Fractional lending" policies.

ON TOP OF THIS BITCONNECT IS RAISING MONEY FOR THEIR NEW ICO... THE SCAMMIEST OF ALL..... BITCONNECTX... AND I HEARD IT WAS 50$ PER TOKEN.... HAHA

Why people need to lend their money on Bitconnect, Why not direct it to bitcoin and ether, just buy and HODL.

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