RE: The BitConnect scam is DEAD. What happens next?

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The BitConnect scam is DEAD. What happens next?

in bcc •  7 years ago 

Why didn't you do a minimal amount of research to determine this was an obvious Ponzi?

Why did it seem reasonable to you that they could guarantee rates of return that were 10X higher than any other returns you could get in any other investment?

and I guess most importantly ..... why were you so greedy ?

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Some people are not greedy, it Seemed a very fair and reasonable system to use. If you think about the alts market since i got into crypto september-october. we seen regular days of 10-20 percent gains if not more per day. why would it seem unreasonable to lend your money to a supposed bot for it to pay you back a mere 1 percent whilst trading that market? You have to remember that not everyone is a pro at this type of thing and most of the new arrivals to crypto are looking at new ways to earn money. starting to use an exchange for a novice a scary undertaking unless you have previous experience in Forex, stocks and shares. I also got court up in it for the tune of 750 dollars but lucky i have money in there that i was willing to lose. Greed is not the problem on the users side. i think your question in regard to greed is a little unfair.

Just my opinion, I seen bcc videos when I started in crypto. From the moment I saw the offer or how it worked I knew it was a scam.... No way you can get daily interest @ near 1% everyday for 200 days then get all your capitol back at the end of that.....if you fell for that, it was greed or a lack of education followed by being mislead by the likes of trevon etc etc etc

id go with the lack of financial education. Although id love to think of myself or others as educated, that just is not the case with crypto/ stocks shares or investments. Myself along with others are all new to this. But i can assure you i will not be happening again. I did wounder why nick had earned 700000 on the platform and only reinvested 150k of it.

that was my logic ! I managed to get out without a loss cos i pulled out initial investment after 120 days ! just luck !