BitConnect what is it about?

[Bruks]

I hear a lot about bitconnect, some people call it scam, what is it exactly?

WHY IS THE Cause ??

[altcoingamer]

I hear a lot about bitconnect, some people call it scam, what is it exactly?

WHY IS THE Cause ??

For those of you who are just now maybe reading about this.. wasn't sure what was going on... or just thought it was too good to be true but didn't understand why it was a scam.. but it was...   the primary way that this ponzi scheme worked is common with most ponzi schemes... the system was setup so early adopters would be paid by people who adopted later.. the system could maintain its value as long as bitcoin didn't drop... When bitcoin started to suffer late december/january the system started to implode on itself and in classic ponzi scheme fashion, the creators decided to pull the rug.  This system is really harmful to many who invested but all the warning signs are there.  Never trust something that guarantees returns.. don't trust things like "trading bot" when there is no github or public proof that a bot even exists.. and in general.. if you see people especially on youtube who are less knowledgeable than you trying to explain and showing off their 6-7 figure gains.. this is reason numero uno not to get in.. Proof of Weak Hands is even worse.. this is pretty much a ponzi scheme in the whitepaper... there is no deception to what it is lol.

[Bobcrypto]

I hear a lot about bitconnect, some people call it scam, what is it exactly?
[/quote

Yes it has been as called ponsi scheme and defind as a complete package of illegal and unsustainable schemes..while others said explain that bitconnect Coin is an open source, peer-to-peer, community driven decentralized cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment. However, it all depend on what you are hoping to do on bitconnect,but i suggest you carry out proper research or review about bitconnect before investing or having anything to do with it.

[Eben]

BitConnect Coin is a decentralized digital currency, an open-source and peer-to-peer protocol that allows people to invest their possession in a non-government related currency and stores it and even earn from these investments. Hence, BitConnect helps someone by having investment interest while they also help on the system security.

[vegasus]

Bitconnect is not a scam coin because it is registered in the coin market. This coin has been traded globally. Even this coin reportedly managed to occupy the top 10 on one site that was updated by BCC. That's why don't be afraid to invest in this coin.

[Iconic]

@vegasus, that's right. This reason proves that BCC's liquidity is high and this can be seen from the BCC price chart against USD and BTC continues to rise and stabilize. This indicator is positive for security reasons to invest in BCC.

[aexanderstep]

Bitconnect has been delisted from all exchanges and from the coinmarketcap. Unfortunately it is a scam. The other lending platforms are collapsing too. I regret that I’d heard about bitconnect only in August 2017. If I had heard about it in February 2017, I would have earned much more.

[Sakita Joana]

usually if many people say fraud is true, but I don't know it myself
first we see the future of bitconnect development

[muneerashine]

BitConnect is a fraud and its a investment lending platform too many are victim of this scam. They promised shiny object  a guaranteed to earn investors up to 40 percent total return per month. Their is no such thing as fixed income in investment . Don't fall this type of project in future.

[backspace]

I've heard news about bitconnect is a scam. But I think differently about that. I think bitconnect is a potential coin. Especially if the coin has entered the exchange, this can be a guarantee that the coin is a good coin.

[backspace]

I've heard news about bitconnect is a scam. But I think differently about that. I think bitconnect is a potential coin. Especially if the coin has entered the exchange, this can be a guarantee that the coin is a good coin.