It's official, Bitconnect just fucked everyone, by ending loaning and
exchanging on their platform as of today.
Watch my videos right now for more information on the current situation!
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Comment with what you think below!
Link to Bitconnect news article-
https://bitconnect.co/system-news/94/changes-coming-for-the-bitconnect-system-halt-of-lending-and-exchange-platform
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It is a scandal, no matter how foreseeable it was. BitConnect price now is down 91%.
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So glad it's over. So sick and tired of those promoting it on steemit and getting rewarded. Good riddance!!
Very happy, this was a threat for the reputation of crypto in general. BTW how many promoted the affiliate program of Bitconnect, this shows how trustworthy they are! Think twice before you believe these scammers!
It's almost better if it goes out this way. It's happening amid such other big news that maybe a Ponzi somehow infiltrating this community and achieving such a huge market cap won't be as embarrassing of a news story as it should be.
Good point.
True
The day they pulled their exit I knew it would help tank the market , those fucks gained so many 1,000s of bitcoins it ainβt even funny now I doubt they sold them all but Iβm sure they sold a few
So can we go now after roger ver and bcash?
It's completely incomprehensible to me that Bitconnect still has a market capitalization of nearly $ 400 million. A company without a business and without a serious business concept is valued at 400 million, you have to imagine that. That's one third of Steem's market capitalization.
Right out of the gate people were calling BitConnect a scam...turns out it actually was tho haha
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!
we knew this day would come, trevon getting roasted on live stream..
Bitconnect at $20. Great opportunity to buy, lol
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You're so nice for commenting on this post. For that, I gave you a vote!
Ken you are wrong like most of the time
Makes me wonder about how the Bitconnect shills can show their face in public anymore. I literally can't fathom what kind of person would do that to so many people. However, part of me wants to tell people to do their own reading Kenn. The proof that this shit was shady AF was already out there. You also have done NUMEROUS posts showing how the earnings are bullshit without referrals.
It doesn't even make sense for them to continue the ICO if they're citing BAD PRESS as the reason why they're shutting down Bitconnect. As if something called Bitconnect "X" was something different. FOH.
I hope this is a lesson to everyone to NOT trust everyone they see on youtube promoting things. All it takes is a simple google search to start doing some reading.
I don't think these people should be prosecuted, however. This gives credence for governments to get further in to crypto. Governments typically have a history of overstepping their boundaries.
Clever exit strategy where they pay everyone out in worthless BCC while retaining the BTC (which was likely exchanged for fiat). Plus the exit will be lost in the noise of the wider crypto crash!!
I think most people knew today would come. It's just some people were in denial.
I remember there being many warnings about this in the last week. people should do more homework when investing so much money.
That's small potatoes compared to the scam that's going to surprise most people, and I think we're in the midst of its collapse as we speak. Hint, it ends with a T.
What is it?π±
π
All I can see in the top 50 is SALT, but I don't know much about it.
BitconneeeeeeeeeeeEEEEEEEEEEEEEEEEEEEEEct
hope you did not lose?
shit :(
It was only a matter of time before this happened. I am surprised it lasted this long. I wonder if the coin will ever trade again.
I believe I saw they are just closing the investing site. The coin is still going to remain and will be able to be openly traded on other sites instead of just their own.
I think that last drop is because South Korea will ban Bitcoin and it will be illegal to have it there, thus everyone is selling it now just not to get in trouble , as well the scared ones are selling it and some speculators too.
Ban Bitcoin? There is SO much misinformation online.
I read this:
"Yonhap quotes todayβs government statement as saying::
βThe proposed shutdown of exchanges that the justice minister recently mentioned is one of the measures suggested by the justice ministry to curb speculation.
A governmentwide decision will be made in the future after sufficient consultation and coordination of opinions.β
βMonday's announcement suggests that a shutdown is not likely in the near future.β
That's a lot different from the FUD that's going around.
But, what do I know? LOL
Fuck bitconnect!
Well you called it big boss. We all know but you knew!
Oh my fucking god this is the best news I have ever had in my life!
Fuck that shit sucks they took all my money that shit pissed me off dude
Amazing
RIP bitconnect and RIP all believers, including myself.
Luckily I only invested what I was prepared to lose.
Bitconnect was the example for all lending-platforms.
This Bitconnect scam makes other lending platforms lose all credibility in my opinion,
so I'm afraid we won't see any platform take over unless the platform explains why it could be sustainable.
Anyway I don't see it happening, feels bad.
?
Bitconnect turned out to be a bit con.
really happy i didn't do a loan!
upvoted & resteemed
BitConnect Down 87% down and Alt Coin Market Cap Down 40% #CryptoCarnage https://busy.org/cryptocarnage/@zurichtimes/t34agc8o
What @kennethbosak, it was a scam... if only someone like you had tried to warn people back in May 2017... ow wait.
Im not seeing all the BCC trolls demanding its just a pull back anywhere yet ;)
I thank everyone for there donations lots of love from my Steemit family
I saw it coming long ago!
Yes i saw it to, it lasted too long.. This scam affects the whole community.. My portfolio went down because of this shit.. So i lost money, and im not even invested in it.
Bitconnect is a great temptation with all the possible profit especially many videos about earnings by members.
Not sure their exchange will do well now. They made a lot of enemies.
I am glad it is shutting down, it was cancer.
That really sucks what then will happen to people's investment
90% in the shitter, already.
soo sad
great opporunity to by bitcoin at this time it may shutting down
Not sure this is a bad thing, although I have no experience with that platform.
This was like looking at a train crash in slow motion... Everyone knew this was going to blow soon or later...
I knew this day would come, didnβt even take long before they stopped their Ponzi or whatsoever. I donβt normally trust Hyip or Ponzi schemes. Canβt invest on them because they promise heaven on earth but canβt deliver on their own side of bargain. I feel sorry for those that got fooled into this, reason why I will stick with cryptos(coins with value and high poententials) and Forex ofcourse Steemit
Nice post... +follow + upvote
always knew it would happen. Glad I made my money back.
A while back i was going to dump some
Money in bitconnect sure glad i didnt i always felt they wouldnt last lol .
We all knew it was a scam but people still push this crap if they are making a quick buck at first its really disappointing that so much money was invested into this crap
first week in cryptocurency , how do learn all this stuff, seam complicated . where do you start
I honestly wouldn't say they fucked everybody. They are giving people their money they have currently tied up in their site. They could have just scooted with the money like so many other sites have but these guys seem to be more on the up and up when it came to this. I honestly think if they had just come forward about who was indeed running the site/company there would have been alot less doubt as there would have been a face to point a finger at.
This is just too good to be true! Bye bye scammers.
Good to see this scam get REKT'd ! time to start fresh.
Always do your homework.