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In our crypto trading groups on Facebook we were banning people daily. Humans seem to continue to fall for this garbage. When people say, "but Randy, people lost a lot of money because of Bitconnect". I don't feel bad here is my list why. The number seemed so appealing and I was still green behind the ears in crypto. I invested 1 Bitcoin and after a few weeks the website disappeared.
But you know what I did? I accepted my stupidness and did not blame anyone else. I also have BTC cloud mining pools with Bitclub. I have invested over 20 Bitcoin in Bitclub. Would I recommend others do it, nope! If I knew what I know now there is no way in hell I would hand over my Bitcoin to be paid back scraps.
Most people fall for these type of scams partly because of ignorance and greed, but also because of desperation. Everyone is frantically trying to make ends meet, and when income and job insecurity is at an all-time high, people get desperate and fall for these schemes. One part of me wants to chastise every participant of Bitconnect for their gullibility, but another part of me has compassion for these hurting souls. Everyone mad a mistakes. I did not think that pessimist about bitclub.
Can you enlighten me more? A friend of mine is pushing it full steam. When it is too good to be true you know it is crap. I agree that the only reason bitconnect worked at all was because it banked on greed and stupidity! This was an obvious scam. I personally thought that it could go on for longer due to the BCC token cut out and it probably would have if not the perfect bitcoin dead cat bounce music of legal action and btc crash.
Hell, they even had an ICO st the end! Yet people still bought it! We have to read and search a lot befor make an investment in any ico because of that so good do not give so much. But you bitcoin dead cat bounce music, Bitconnect made crypto hilarious with this video. It's really funny video. It's a meme, maybe first meme. Some people made money from it, some lose, is it a galactic balance?
You showing good point hilarski. Peoples attracted with bitconnect those day. But finally understood better them what's a bitconnect. I believe it would be scam. Some peoples lost some money when they were invest in bitconnect.
Thanks for given valuable details. Is not only created bitcoin. It name called "Shitconnect". I have no connection with bitconnect. Nut peoples must bitcoin dead cat bounce music carefully with like as bitconnect sites. Steemianz, peep through my related article: You are right, we should listen to people we trust, bitcoin dead cat bounce music if we make a mistake, there's nothing wrong with learning mistakes, we'll have a lesson for the future. Thank you for the article.
I almost fell for the trap which was once called Bitconnect! Almost pulled the trigger one month before they closed LoL Thanks for the post! I am still in learning phase on this platform and yes this is the most profitable thing i learnt so far.
A tough lesson for a lot of people, but hopefully one they'll learn from and not make the same mistakes again. People even react like that to Bitcoin corrections. I guess a bitcoin dead cat bounce music of people are investing more than they can afford to lose, and not taking the time to learn anything before doing it.
And there were people still promoting this scam shit even some hours before it shut down well kind of. Thanks for the information and good article. I really proudest to watching your video. And i love more same song.
A very good post friend, I am a new follower and I am very happy for the great content that you upload to Steemit, that is the content that is needed, greetings my friend! We need to peruse and look through a great deal befor make an interest in any ico due to that so great don't give to such an extent. Don't mind hilarskiI think it very important to follower so I highlight it below.
A simple Google search of Bitconnect would have opened up Pandora's bitcoin dead cat bounce music. People don't educate themselves.
People can't do basic math. Thanks for sharing me. It seems, therefore, that investing in electronic currencies is a kind of frank speculation, unsecured by consequences, and obligates the owner to prepare for the possibility of losing everything at bitcoin dead cat bounce music moment for any possible reason, no matter how bitcoin dead cat bounce music and attractive the bitcoin dead cat bounce music looks. Lost almost BTC in last year! But can you believe that I was the owner of a RevShare also?
As a result of that Bitcoin dead cat bounce music did refund. Yeah industry bitcoin dead cat bounce music and only revshare which refund all users before it shut down. D After that I stopped my online investments. Just hope the community can learn from this. It is very unfortunate but you are very right dear friend hilarskipeople are greedy and want to earn money already, the easier the better, the ambition leads to invest in unsafe pages and high risk, that they say inberti a bitcoin and in a month you withdraw another, you have to suspect, the easy and very good lasts little.
Thank you very much for sharing this information I wish you a great weekend. Some dishonest people got very wealthy off of the backs of others. Hopefully these people bitcoin dead cat bounce music remember the golden rule I'm glad all the hype is over but this was a nice posthappy for those who didn't invest including my self.
Hey thanks for the head up. Im a new believer in bitcoin and looking for ways to build my wealth through bitcoin. You could get scammed and its nothing wrong in it, but pulling other people into the same scame is the next level of stupid.
I was just bitcoin dead cat bounce music few guys complaining and so mad that they have lost a lot of money in Bitconnect and telling everyone not to get into cryptos etc. I feel very bad for these people and my heart is broken to watch them lose everything, but they blame everything else but themselves which is silly. Like you said, they don't study or search anything, just jump bitcoin dead cat bounce music it, and it doesn't mean that cryptos or Bitconnect is wrong, but just like everything else it has it's timing and a lot of people got hurt because they jumped in the wrong time.
Everything in life we do, we have to take the risks if we want to succeed in life and that doesn't mean every risk we will take will succeed because then that would not be a risk, but we have no one to blame but ourselves if it doesn't work out and from that we learn and grow bitcoin dead cat bounce music of lifespeaking from my own experience had the world in our hands and then lost everything but I would not change a thing because everything in life happens for a reason and we have learned so much from it and it made us stronger, but again we did not blame anything or anyone and I hope these poor people can do the same.
Sound advice hilarski once bitten, twice shy. There really are some wicked schemes and scams out there, research, research and more research. I would like to introduce my place the first time, im comming from indonesia. Im here just wanna say that i love your post this one, too many peoples confuse with what you think in this wrote.
Btw im here newbie on steemilt, and i need your help here how the way to get new friend that have big power steem. Succes always for you. I knew it was only a matter of time lol smh. Hopefully those that lost bitcoin dead cat bounce music money with Bitconnect will learn from their lessons and make smarter investments in the future.
This is why the phrase "do your own research," is important to actually listen to The approach of invest in bitconnect, pull out profits regularly, do not re-invest and hope it stays functional for 3. No one listened to me though, cus as mentioned greed.
I heard a lot of horror stories about people engaging in crypto ponzi schemes or mismanaging their cryptocurrencies and getting it stolen or sending it to the bitcoin dead cat bounce music address. I was lucky and have been very careful taking a lot of time to research both the cryptocurrencies I wish to purchase as well as the best method to secure and protect my purchase. It is important to move your cryptocurrency off the exchanges immediately after purchasing them as the exchanges have proven themselves to be vulnerable.
My friends told me about a new Ponzi scheme with Bitcoin that someone recommended to them. I'm so happy they have me as their friend to punch them in the face when they are trying to do some stupid shit Imagine just for a second. If he was advertising any other good coin instead of scamming people.
He would instantly become number one showman in crypto industry.
