After literally watching all the individuals who used to religiously promote BitConnect all but disappear, and witnessing the top BitConnect promoter "Glenn Arcaro" deleting his channel, I could only assume that the platform will soon be coming to an end.
Hell, even Trevon James, one of BitConnect's most famous promoters has recently scrubbed all of his BitConnect referral links from his videos, and has fled to Steemit just recently, where he claims he will be spending all of his time now... yay for us. ( <--- Sarcasm)
Then, BitConnect announced yet another "initial coin offering" out of the blue, which wound up being a total disaster, with the exclusion of American citizens and all.
My guess, is that this is their final pump before they shoot for the exit, because think about it:
How many more States besides Texas and North Carolina are going to ban BitConnect before the jig is up as they say, because let's face it, all the good money comes from the States, and a pyramid scheme won't be able to survive without its delicious money.
Another factor to look at, is that the 30 day interest payout averages on BitConnect have been less than 1% for months now, so they are making way way more money off of its users Bitcoin, then they'll ever give back... so that there is but another sign that their time may be drawing to a close.
What are thoughts on the matter, and how much longer do you believe BitConnect will be around for?
So happy I never went into bitconnect, I heard they were doing a new ICO, Avoid I have been told. Keep safe X
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Yeah, it seemed fishy from the start, and it got me worried. I only put a $100 in way back in August as an experiment, but have stopped reinvesting once I started seeing all the top people distancing themselves from the platform.
Hopefully I'll be able to pull out like $500 before it goes down for good... that'd be sweet!
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I'm pleased to hear you got in early enough to get out :) Xx
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I'm not out yet, so keep your fingers crossed. 🍀
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The true wisdom for this story, never follow people, shitty Youtuber that promotes you to get rich overnight. Always something fishy behind the scenes.
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Sad but true, hence the reason why I myself, always look behind the curtain.
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I have heard about bitconnect many times but it never actually peaked my interest enough for me to look into it (probably a good thing after reading your post). When you say they have been paying out less than 1% per month interest, it is really hard to understand why anyone would give them crypto when you can make many more times that just hodling solid cryptos! I guess it always did sound a bit iffy to me and that is why I never looked into it too much. Anyways, I followed you to hear more of your thoughts on crypto-related matters in the future!
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A 1% "daily" payout average, so don't get that confused, but yes, you are right. You make way more money buying and holding cryptocurrencies directly.
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I believe that cryptocoins is the future of mankind since having coins and printed money some day will become obsolete! Now many sites with cease to exist and many others will be born...
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I concur, and I'm glad to be alive (hopefully) to see it happen.
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Twitter feed says site is coming under DDoS attack
https://twitter.com/bitconnect/status/952448218297700352
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I saw that yesterday, and I wonder.
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cryprocurrency wont go anywhere
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Why is that mate?
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