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RE: BitConnect Closes Exchange, Halts Lending Platform

in #news7 years ago

I am here to admit I invested in bitconnect even though deep in me I knew it was a scam. Greed will blind people's eyes. I am lucky to have only invested a little in the platform, but still a decent size loss considering how much crypto I own in total. My feeling was FOMO- fear of missing out as I am one of those crypto investors that started late. However common sense was to not go all in but go in on what I was able to afford to lose if the investment had fail.

A lot of financial mistakes I made is mostly because I never had or followed through with an exit plan. It is always important to remind one self what the investment outcomes are before investing. This is how you realize what the risks and rewards are. Too much risk may hopefully hinder you from investing beyond your means.

I tried logging on and exchanging the bcc that bitconnect forced me, and probably all users, to buy at rate of $322 a coin. The internal exchange is currently not working and not sure when it will work. I could not even extract the bcc out of the website. I will try again later and post my results. Thanks.

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Good luck and I hope you get at least some back!

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