The Biggest Scam in Crypto History!
If you haven't heard of bitconnect before, it is a cryptocurrency platform that allows to invest money into it and receive daily returns everyday.
Let's take a look at the returns you can get by investing in Bitconnect.
This shows how insane the return is allowing up to a 127.25% guaranteed!
Many other crypto dedicators like myself stayed safely away from this because it was too good to be true. However word was not spread enough fast enough because many lost hundreds of thousands of dollars as on Tuesday Bitconnect stated it was closing its platform.
The reasons Bitconnect gave for closing their platform were ridiculous and were because of bad mouthing them, bad publicity, and DDoS attacks.
Over the last three days Bitconnect has crashed tumbling down over 90%. The reason is because it is now nothing but a worthless currency that no one wants or needs.
Here's a look at the graph of bitconnect recently.
I am issuing this warning to you for your own good and advising it is not wise to invest your money in Bitconnect X since they will most likely scam you again.
Thank for reading and have a great day!
Sources: https://www.ccn.com/bitconnect-token-loses-90-amid-exchange-closure-announcement/
Good job spreading the word, too many people are falling for these ponzi schemes!
Thank you man feel free to follow for more!
not criticising, just saying bitconnect gave back all active loans, they didn't cheat people out of money
AFAIK didn't they give it all back in their bitconnect token though? Hence the hugeee price crash... Like, if you invested 1 BTC into their platform they gave you back 1 BTC's worth of the bitconnect token. But, due to the price of that token suddenly free-falling in price, you essentially lost most of your money. That's what I thought happened anyway.
in the end i had around £1200 invested, and got around 3 bcc tokens. the money that comes out of active lending goes into bcc, they cant change that (i.e they cant change it into fiat for you, you had to be the one doing it). and they couldn't pre-announce the release of bcc or do it in waves as their could be inside trading. they did their best and its not their fault the value dropped, it dropped because everyone sold. and so in that sense people lost money but not at the fault of bitconnect, plus they could have held their coins like i am, and wait for the value to rise.
hope it goes back up and best of luck to you
You present a fair case but they did cheat people out of their money. Lets say you had $1000 invested. Bitconnect is refunding people at a rate of " $363.62 USD". You would get roughly about 3 bitconnect tokens. However the price of bitconnect is 30 bucks therefore you are losing a heck of a lot of money.
true but the potential for loss minimalisation, or even possibly profit, is still their as the value should rise back up after a few months.