📣 The UK Registrar of Companies could shut down Bitconnect!📣
According to the The Next Web: "The UK Registrar of Companies has threatened to shut down the dodgy platform and dissolve its operation."
As I wrote yesterday in an attempt to warn new crypto investors to not invest in BitConnect for these 📣 10 Following Reasons📣.
Link to my Blog Post: https://steemit.com/bitconnect/@vlemon/warning-do-not-invest-in-bitconnect-it-is-a-ponzi-scam-read-these-10-reasons-why
BitConnect has two months to prove “cause to the contrary”. If not by then, the decision will be enforced.
“Upon dissolution all property and rights vested in, or held in trust for, the company are deemed to be bona vacantia, and accordingly will belong to the crown,” the document reads. Many have speculated that BitConnect likely stashes its funds abroad, though there is no evidence to back this up.
Here is the full letter of notice they sent to BITCONNECT LTD
The Crypto Community has been increasingly worried about another Ponzi Scam
As this discussion between Vitalik Butherin (Ethereum CEO) and another Crypto Investor shows:
November 3rd, Changes have been made to the affiliate program with just 3 levels left compared to 10 before July 2017 !
We have not heard from Bitconnect yet. I advise every investors and crypto-enthusiasts to be very careful.
Please share this warning and tell your friends and relatives to stay away.
Sources:
bitconnect.co
https://thenextweb.com/hardfork/2017/11/13/bitcoin-bitconnect-uk-ponzi-investment/
Ouch! Kiss your money goodbye! Craig Grant has already unloaded and run for the hills (if you believe that phony story about being hacked, then I have an opportunity for you to earn 1% daily if you give my your money and I hold it for 292 days).
This scam is toast!
Can't wait to see this blow up. BitConnect is purely built on hype and Multi-Level-Marketing. I've been a very strong critic against BitConnect among few others. I still think this ponzi will continue for some time before it really blow up. Bitcoin dethroning will devastate BitConnect and hopefully the frauds who pumped this up would face legal authorities and have their assets frozen. I mean this would be one of the rare occasions where a government would do what it's supposed to do. Fraud is an aggression IMHO.
Thank you for the comment and videos.
These are 3 videos investors should look at before making a decision!
They are actually from a much longer post: https://steemit.com/cryptocurrency/@vimukthi/trevon-james-vs-vitalik-buterin-in-depth-analysis-commentary-on-bitconnect
I also found 3 valuable posts by @arthuradamson and even had some heated discussions on the posts. They contain a lot more in depth info. Going through all them could easily take hours. But you'd find very good stuff among those hours spent.
Happy steeming and Happy to help :-)
Will the shutting of bitconnect affects steem value ?
(Counter Argument) Why BitConnect is not being shutdown:
https://steemit.com/cryptocurrency/@tolkatore/bitconnect-fud-shutdown-rumor-dispelled
OMG ! Let's hope it will not downfall steem.
I do not know but I don't think it will affect it a lot.
The crypto-World might have a negative Press Coverage when this tragic event will happen.
I don't think they are going to shutdown, I think they will just reduce the gains slowing up to zero, then the coin will remain, as any other altcoin.
Let's hope they shut it down soon, before many more people throw money into it.
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If you want help us growing upvote this comment.
Thanks !
good job.
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There must be some way to short it...