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RE: Valuable lessons you should be learning EVEN IF you did not invest into Bitconnect!

in #bitcoin6 years ago

I was really close to joining a few times thinking I can get in before all this shuts down and gain a little bit of money. I'm glad I didn't and learned last summer with the altcoin boom what happens when you invest in things that you don't believe in.

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Most scams will ask you to park your money for a period of time where it is not accessible to you. They do this to get enough people involved. In this case, the minimum time for pulling your full money out was 120 days... That gave them 4 months to ramp this up, and the shut it down.

November 2017 Bitconnect reached a high peak. It only made sense they'd have to shut it down by February incase too many people started pulling out their money all at once. That's what people started doing it appears which led to the crash.

Never separate yourself from your money. That's the only way a scammer can gain an advantage.

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