Fireside Crypto: Bitconnect / South Korean Regulations

in bitcoin •  7 years ago 

Recently Bitconnect couldn't pay off their lenders, leading to them "refunding" tokens which no longer had a function. This all led to a collapse of the Bitconnect market .. or did it??
I also recap my adventure in South Korea - and to the surprise of nobody, blockchain is going strong :D

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Bitconnect was doomed to failure.

Bitconnect was a ponzi scheme. It was not hard to see.

FUD was the ultimate downfall of Bitconnect. For all the nonbelievers, you're almost not allowed to knock it until you try it. Because from a user, I was not burned by BCC. People constantly bashing BCC burned me. They only turned in because of constant DDoS attacks, bad press, and two cease & desist orders from NC and Texas. No one came forward saying it didn't work, or that the system was rigged. It worked as dictated, and nothing else. So in reality, thanks for nothing.

Bitconnect will be worst in coming days
Thanks for your info @boxmining.

Great information. first time i see your post and find good work i follow you hope you will share more in next posts

how do you think about bitcoin prices that the end of this there is a decrease,
What is your opinion?

It will increase very huge now

They let you get back your tokens, but if you took too long to sell them or transfer to an exchange then you lost a lot of money. It went from over 300 in value to under 20 dollars.

nice info

Heard Crypto Nick and Trevon James say they're going to buy more....unbelieveable

Even after it getting confirmed that bitconnect is a scam there are people who are still investing in it. I don't understand how could some one this fool.

Very good informative video.Everyone are now in panic condition for bitcoin price down

You rock

Michael , i am in one of the groups promoting those Lending ICOs... i kept telling them do not invest anymore but they would not listen to me...even telling me off i do not know anything about Ponzi/MLM/ scam.. .. i did make a post about it here in steemit https://steemit.com/cryptocurrency/@azimwenn/avoid-these-lending-platform-ponzi-mlm-ico-cryptocurrency

would you help and try to educate those naive people maybe by making more videos about these scams? lots of people losing their savings from these scams and bringing bad news to cryptocurrency as a whole...

  ·  7 years ago (edited)

Michael pls do on site review at SmartCash at summer >;] really would like to see your opinion ....as it went to 32place at coinmarketcap