BREAKING NEWS: Bitconnect Is OVER 😰

in crypto-news •  last year

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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!

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Yeah finally! Let's invest in projects that are here to stay long term. I just posted updates on many coins that you guys probably hold.

IMPORTANT Coin Updates 2 (BTC, SBD, GNT, STEEM, XVG) https://steemit.com/bitcoin/@benkalashnikov/important-coin-updates-2-btc-sbd-gnt-steem-xvg

Screen Shot 2018-01-17 at 21.55.27.png

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It was a Multi-level marketing scheme also called pyramid selling, network marketing, and referral marketing, is a controversial marketing strategy and looked doomed to fail it only suckered greedy people looking for quick and easy returns. 99.9% of these schemes fail and rightly so!

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Guys what do you think about cloud mining services?are they also some kind of scam?

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Another scam.

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To avoid. I have read many negative opinions about mining businesses.

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Its really sad that this toxic behavior happens in the crypto currency world too, fucking scammers. I feel sorry for everyone who lost money, may god bless you all.

That damn ponzi scam.

Doug Polk said it right: " if it has the characteristics of a pyramid scheme as set out by Investopedia. Then maybe it IS a pyramid scheme!"

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so glad, these guys can shut the fuck up now

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DP will have hilarious video tomorrow I'm guessing. The one you posted had me ROFL first time I saw it!

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Oh I know I was laughing when I watched it the first time.

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These guys are complete scum, I'm glad that I prefer not to follow the hypewagon and I don't take random youtubers indirect advices lol

"Down goes BCC, down goes BCC!" ~Howard Cosell

finally

I knew it was a bad idea and did it anyways.. OOPS!

Wow - that sucks. Maybe that is what is affecting the market today. What a scam. Sucks for those with money on that site. I'm sure that is a scary feeling.

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collaborate with someone who needs help @cryt0

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The market is mostly affected today by China tightening regulations and the continuation of a South Korean Crackdown on exchanges.

Article: https://cointelegraph.com/news/crypto-market-suffers-from-uncertainty-in-asia-losses-up-to-40

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i feel bad for those that lost money, at the same time though I kinda don't. Don't get into scam thinking you will make money or you can scam someone else into making money.

If you look at Trevon and Craigs actions in the week leading up to this it is quite obvious they were in the know about this exit scam. If those guys still have even a single follower after this it will truly show the pure stupidity of their followers.

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I think everybody made mistakes, promoting bitconnect was a big mistake, but I am really grateful I am on steemit today because of @craig-grant morning "steeeem report!!!!!"

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Craig Grant is NOT the type of person you should be following...

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Truer words have never been spoken.

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I think @craig-grant has great marketing skills, he bring a lot of people on steemit.com, I am disappointed he used his skills to promote a pyramidal scheme to the extreme, sad for the people who lost a lot of money...

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Are you aware of his past history? He was working with Nigerian scammers to steal money from innocent people for years... Again he is NOT a good person so please stop praising him (as he belongs in jail, not online promoting Steemit).

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Any mistake is a way to overcome and continue towards success.Regards @stef

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I've checked out their followers today. I swear they are under hypnosis. They are being told to keep their Bitconnect tokens in their wallets.

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I watched a video after the collapse with Crypto Nick and some other joker laughing about the whole thing, and what was truely shocking is during the 15 minute video they must have gotten a few hundred dollars worth of donations from people watching the stream... I mean wtf is wrong with their followers... they get scammed, the people that scammed them laugh at the situation, and then as icing on the cake they tip the scammers and tell them keep up the good work. People need to stop smoking crack I swear...

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well said

USI Tech is next!!

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Is It... I got a few packages their,

I knew they would run at some point but I didn’t realise how well thought through their exit strategy was. They pay out all outstanding loans in BCC at a rate of over $300 per BCC. Immediately after the announcement, BCC is practically worthless, leaving investors holding a tiny amount of worthless coins, but allowing them to say they paid out!

thanks for staying us updated regarding bitconnect over case and honestly i don't know that bitconnect is over but today curtesy to your post i able to know about this news. Stay blessed

Thanks for this helpful video
It would be nice to see what happens
Recognized to be a Ponzi that did not explode!
Betaconocket lending was the greatest trick in encryption, and you do not need to be talented to give the meaning that numbers do not make any sense.

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The Biggest Ponzi scheme in the world right now is the US Dollar, that will crash soon big time, then all the crypto buds will lol at those that like to hold Fiat currencies.

Hate the people who take the piss ot of others who try to speculate and make a few bucks in this new crypto space.

I almost feel for that scam also but Cliff High and others were talking about this day, and a lot of people will lose a lot of money, say what you want but they were warned.
Think they are done? Nope, just moving on to another scam.
Anything that resembles a pyramid scheme IS a pyramid scheme.

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There is a lot I dislike about the way Clif HIgh phrases stuff, but literally happy for anybody who has consistently stood out against Bitconnect being the scam it is. For me it is not a brave stance, as a "nobody". For a public figure, you are going to get absolutely excoriated by the people who are invested in keeping their scam going.

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sorry I misspelled, I meant I almost "fell" for that scam, and Cliff High actually warned against anyone being any part of it.
I could not agree with you more, and those who made so much from scamming people with it should beheld accountable.

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It is hard in this space because often something being valuable is disconnected from it being good (e.g. ripple, verge, tron likely). But Bitconnect was an outright ponzi from the start, and the problem is anytime you try to discuss it the people interested in protecting their ponzi as well as gullible people would leap to the defense vigorously. Glad Clif helped you on avoiding that!

It should have been done the day it opened! Just pure crap no one here wins honestly. And when bit connect shuts down another will come up and people will fall into the same old trap this kind of stuff has been going on for decades its seriously sad

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puts a bad rep for actual crytos with real plans and teams... sucks. Wish the creators get some jail time.

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Yeah really, it was just a matter of time... we all saw this one coming haha no surprise here

Its really informative post thanks

Feel free to check out my post regarding my own experience with Bitconnect here. I was not hit as hard as others but I did treat the platform very cautiously.

Be wary of those people who promoted this ponzi scheme @bitconnect :

Crypto Nick
Crypto Jay
Crypto Clover
Crypto Chick
Craig Grant
Lenka Cryptogirl
Trevon James
Dr. Roy Murphy
Ryan Hildreth

Spread the list so other people wont fall for their fuckery.. $BTC $XVG $TRX $ETH

hahaha nice shitconnect bye bye i was always afraid about it to see its ponzi scheme that they gave daily profit to for hodl also i say it bye bye shitconnect and thanx to give a news on it that put as bomb in market @omar ,,
And thanx god i have no any one peny in it
how other feels now after it it will be not keep calm them

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lol, you said it right... shitconnect

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Bit-con.

If anyone had invested on Bitconnect, I guess you gotta take your money out now before the coin blows-up. Most likely it will disappear in an hour or a couple of hours or a day or a couple of days or if its strong enough maybe a week or so. I guess you can check it yourself and investigate what's going on especially when you invested a lot on Bitconnect. In my opinion, those coins/tokens with affiliate programs attached to them would most likely end up in struggle and in the long run will fade away slowly by slowly.

All the top 25 coins/tokens on Coinmarketcap.com I'd seen lately have no affiliate programs attached to those coins/tokens. The top 26 is Binance with affiliate program attached to it as we all know. If Binance won't stop its affiliate program, it will not survive in the long haul in my opinion. Why? Its because many affiliates would take advantage of this program especially those experts in affiliate marketing. They would advertise like crazy even to the point of creating some fancy ads (sometimes over descriptive even to the point of not related to the company they're promoting) of any sort to get huge signups. How much more if the affiliate program has also an MLM attached to it, it will be much worse.

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Sensible

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Find out who the team members of bitconnect and never invest in anything these guys are involved in, you cannot trust these guys. They will only go and start another coin.

Wow. We were all expecting it for so long!

See ya later ponzi #923848!

Good riddance.

I wonder how many similar messages will go out to the numerous all too surprised, all too unaware users of platforms that lack true banking and fiat escape hatches. Exchanges are wary of US regulation, which is why Tether dropped support for US customers. They think (laughably so) that telling US customers to not use USDT will protect them, but the US proves rather stubborn when it comes to pursuing any entities that claim to be creating their own currencies, especially if those currencies are designed to fool people into thinking they're actual dollar pegs.

Protip guys, don't print something and call it the same three letter as the US dollar on your exchange.

Here's $20 for supporting Steemit.
Just click the link to Join Monetize Coin

https://monetizecoin.com/?ref=5a566f9c2e4cd

A debt of gratitude is in order for share crypt0 it s decent video I generally time saw your video

It will dependably be recognized as the Ponzi that never imploded! Bitconnect loaning was the greatest trick in Crypto, and you don't need to be a virtuoso to make sense of that the numbers don't make any sense. It'll be fascinating to perceive what will occur with the ICO cash, and in the event that they absolutely change their plan of action or concoct another trick.

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"and you don't need to be a virtuoso to make sense of that the numbers don't make any sense."

Yeah, what made sense about taking loans denominated in $ at BTC < $1000, and paying them back at 15x the BTC price (ie, paying back 1/15th the BTC)?

Do you know how math works? The numbers made amazing sense, that's why they did it.

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@max1994 good job translating my comment from this post: https://steemit.com/trading/@cryptopassion/the-end-of-bitconnect
and good job falling for it @lexiconical

you both bring a lot of value to the community irony off

game OVERRRRRR!!

Bitconnect is done, buddy

Haha, I guess we kinda knew this is going to happen. When I just heard about 20 minutes ago as well, it put a smile on my face, because I remembered all the people who were constantly telling how good bitconnect is and how everyone should use it. But hopefully, people will will be able to withdraw everything successfully!

I knew that I never invest in bitconnect. A very big congratulation for those who earned through bitconnect & move all their money with time.

The end of the Bitcoinnect !!!! @crypt0

@crypt0 I think BitCoin is going to explode.This decrease in bitcoin is reported before the storm.in the near future bitcoin can see 25-30 k

Very nice to know!

Wooohooooo! So tired of seeing the dumb ass videos of these morons “making loans”! Sorry to you Craig Grant and Trevon, you may be the mad ones now!

The news is spreading all around. And the people can't log in to the site to move their #bitconnect
and now time to learen from this big scam and value their money but maybe some are still now want to try understand and learen to see it

Finally... From the start I saw something going wrong on it's business system..

You have to think of the perspective of Korea. Its a small country who doesn't have anything in it so cryptomanupilation is good way for them to make money. They want regular people to sell because people think it will keep going down however i say keep it and don't sell it will bounce back more then before because thats what Korean government would want to happen so they make good money out of everyone who sold.

Bitconnect is SCAM 😰😰😰

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You dont say fool

Nice, this scam website is over!

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filthy-stinking-thieves.jpg

Rewards Pool Farmer Alert

@Steemcleaners, check out the comments section of @ryacha21 above. (https://steemit.com/@ryacha21/comments)

He is leasing 30k SP from @minnowbooster then using that to VOTE Up his own 7 Day old comments on random posts at the last minute. Scroll his comments to around the 6 day mark or just go to https://steemd.com/@ryacha21; he has a lot of self love on his own old comments.

HE IS DOING IT OVER AND OVER AND OVER.. He is farming the pool.. If you could help it would be appreciated..

Learn more about this sack of monkey spunk here:

https://steemit.com/shitpost/@pawsdog/the-shit-post-diaries-1-17-18-4

Also kinda a dick move to use the actual good post of another person to post a comment for no other reason to come back and farm it later.

Post Author, @crypt0 I do apologize.. This dude makes no actual articles of his own so the only way to draw attention to what he is doing is to comment his comments. My sincerest apologies for cluttering up your blog, outing the abusive self voting behavior of @ryacha21

WELP there's that!

Almost cried laughing at the last bit. Loved it so much I had to watch it twice. BitConeeeeeeeect!

muy buenos vídeos amigo, mucha suerte y éxitos para su blog un saludo desde Venezuela:)

Well I did not invest in Bitconnect - was it smart? Do the people get their capital back?

Great post for information on current market scenario
You may also like my post "Difference between Beginners Vs Professionals In current Market Crash Scenario !!!!" you can check it out on my feed.

I only use centralized exchanges long enough to offload it onto my hardware wallet. Otherwise Bitshares is the best place because it's decentralized.

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Totally agree with you here and Etherdelta for ERC20 tokens

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @thejohalfiles valued at 365.84 SBD, based on the pending payout at the time the data was extracted.

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That is really shocking, I feel sad for everyone who has money on that platform, hopefully they will be able to withdraw. Lots of people have been saying it is a scam for very long, finally we see its true colours.

Even the Bitconnect shills were saying it was bogus on their YouTube videos (but support Bitconnect anyways).

This might be Exibit A for nanny state regulation of Cryto. Stay tuned.

Should YouTube look into how they self regulate their ads? It's amazing how many scam ads pass through the gatekeepers.

Ya and my money is gone with it.

At first sight, they appear just like ordinary investment scams. And because I'm curious, I search for bitconnect scam on Google, and finds out some people said it's scam. Then I decided to not to invest to that site.

So, my first sight is true.

The digital currency "Petcavine" fell Tuesday to its lowest level in four weeks after many countries went to prevent trading and negative statements from South Korea.
Thanks for vidéo, I hope to return to the upside so as not to affect the rest of the currencies

Some of the information was unknown Nice post .its related to bitcoin.
its a really informational post.thanks for share.

BCCX is in trouble too!

I posted this around a week ago!Image.png

Other lending platforms will suffer the same fate as Bitconnect.
Here is my reasoning:

DOWNFALL OF ALL LENDING PLATFORMS HAS BEGUN

I'm glad its finally over

Upvoted here and on YouTube ;-) thanks for keeping us informed and bringing us the breaking news! I will always remember the moment you showed us the crazy "bitconneeeeeeect"-guy! I'm curious what will happen with the price of this Token, right now it is down more then 80%, but the BCC team made a lot of money + they stated they will keep on supporting the coin... But what's it usability and the meaning now their Ponzi lending platform is down...

Let the Memes begin!

Great, informative post as always. Keep up the good work Omar!

This post has been Resteemed and Upvoted by @alaminbinamir
Governments around the world,
are using "Child Protection Agencies"
to take children away from loving families
and place them in foster care or group homes
or put up for adoption.
THESE FAMILIES NEED PROTECTING.
Thank-you @crypt0 for supporting

Bye bye ponzi scheme! Fuck bitconnect!

BitConnect Down 87% down and Alt Coin Market Cap Down 40% #CryptoCarnage https://busy.org/cryptocarnage/@zurichtimes/t34agc8oscreenshot-coinmarketcap.jpg

BitConnect is MLM btw !!!

Saw a post from a dude that got a business loan and all his life savings totalling over 500k all on bitconnect lol, guess he was hoping for that get rich quick bullshit. If I had 500k to invest right now, id be a multimillionaire within a month. I'm getting there tho

Finally ! This Bitconnect scam has badly affected the crypto community lately.

Hey hey heeeeey.

Hey hey heeeeeeeeeey.

Wassa wassa wassa wassa wassa wassa wassa wassa wassaaaaaap bitconneeeeeeeeeeect.

Hey hey hey everybody my name is Carlos Matos and I am coming from New York City New York.
Let me tell you guys that I am so excited I am so happy I am really so thrilled to be right
now sharing this amazing glorious super exciting moment of my life with all of you guys and let me tell you that we are really changing the world as we know it. The world is not anymore the way it used to be

MMM MMM MMM NO NO NO.

We are coming and we are coming in waves. We are starting and we are going to actually go all over the world we are building the entire world. Let me tell you guys that I started one hundred and thirty seven days ago with only twenty five thousand six hundred and ten dollars and right now I am reaching one hundred and forty thousand dollars. WOAHOAHOAHOAHOAH WASSUP. And let me tell you that I am actually earning around one hund- I mean one thousand and four hundred dollars on an everyday basis seven days a week. WHAAAAAAAAT. I am right now independently, financially independently. I am saying to so many people who say that this was going to be a con artist game, that this was going to be a scammer game, “hey you gonna lose all your money.” My wife still doesn’t believe in me. I’m telling him but honey listen this is real. “Oh nonononono, that’s a scam.” I said “but wait I’m gonna go to the bank, I’m gonna get my bitcoins, I’m going to actually put it into dollars. Here they are right on the table.” “Nooo, that’s money they took from another account.” I say “what am I gonna do?”

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This is Golden**** If I had more SP i Would Upvote !..Maybe il come back in a few days when my vote is worth something lol.

Hey hey heeeeey.

Hey hey heeeeeeeeeey.

Wassa wassa wassa wassa wassa wassa wassa wassa wassaaaaaap bitconneeeeeeeeeeect.

Hey hey hey everybody my name is Carlos Matos and I am coming from New York City New York.
Let me tell you guys that I am so excited I am so happy I am really so thrilled to be right
now sharing this amazing glorious super exciting moment of my life with all of you guys and let me tell you that we are really changing the world as we know it. The world is not anymore the way it used to be

MMM MMM MMM NO NO NO.

We are coming and we are coming in waves. We are starting and we are going to actually go all over the world we are building the entire world. Let me tell you guys that I started one hundred and thirty seven days ago with only twenty five thousand six hundred and ten dollars and right now I am reaching one hundred and forty thousand dollars. WOAHOAHOAHOAHOAH WASSUP. And let me tell you that I am actually earning around one hund- I mean one thousand and four hundred dollars on an everyday basis seven days a week. WHAAAAAAAAT. I am right now independently, financially independently. I am saying to so many people who say that this was going to be a con artist game, that this was going to be a scammer game, “hey you gonna lose all your money.” My wife still doesn’t believe in me. I’m telling him but honey listen this is real. “Oh nonononono, that’s a scam.” I said “but wait I’m gonna go to the bank, I’m gonna get my bitcoins, I’m going to actually put it into dollars. Here they are right on the table.” “Nooo, that’s money they took from another account.” I say “what am I gonna do?”

So grateful I didn't put all my Bitcoin there.

It will always be remembered as the Ponzi that never imploded! Bitconnect lending was the biggest scam in Crypto, and you didn't have to be a genius to figure out that the numbers don't add up. It'll be interesting to see what will happen with the ICO money, and if they totally change their business model or come up with another scam...

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You put max1994's comment through a translator.

Enjoy your flag.

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As if I read all the comments... I put a similar comment 1h before his above comment on this post:

https://steemit.com/trading/@cryptopassion/the-end-of-bitconnect

so please stfu

and sure enough he has a comment on the same post which is different... guess whose the real imitator