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

in #bitcoin7 years ago (edited)

See, now that was smart. You took advantage of an opportunity "as a gamble".. and played with it cautiously. When Bitconnect shut down it probably didn't surprise you.. and you protected yourself the best you could.

Relying on others (read: the government) to make you whole is a recipe for loss.

That's true. So many people expect their "full refund" to show up one day, and it doesn't. Yes, people can get prosecuted for running a scam, but rarely do you ever see a full refund... (ok not rarely.. I'd say NEVER)

So if the government can't help you, and scammers won't help you... who is left? The investor has to protect themselves anyway... so it's best to learn about these things even if you weren't involved directly.

It's great knowledge to obtain when a scam goes belly up so you can learn from other people's mistakes and save yourself from making similar ones in the future.

Thank you very much for your comment @scaredycatguide

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