I got a few thousand spread across 4 different coins and will be buying more especially ripple but it's all money i can loose if they all brick!
nothing ventured nothing gained
nothing ventured nothing gained
Man claims he lost $30K in Bitconnect scam
- Thread starter YoungSinister
- Start date
Website crashed due to "ddos attacks" when dudes tried to pull out. By the time they were able pull out, the coin was worth far less..
What? BITCONNECT said THEY were buying them back. I read the statement they sent out
You not understanding, BITCONNECT is buying them back....there is no race to pull. That's how I took their statement. They are buying back at an average of the last 3 months
Ok... Check back in when you get your money back. Let us know how it works for you. I'm just relaying info from a good friend who lost a grip.
Hell nope. Shits tanking right now. I copped about 1000 dollars worth of ripple when it was 42 cents. I have a couple Ether and Litecoin and that's it. I'm just goingnto HODL that. Shits way too risky to drop 15k
Wait Bro....I don't have to check NADA cause I never invested in BCC. Hahaha, I made smarter investments
Here is their Statement
“We are closing the lending operation immediately with the release of all outstanding loans,” the statement read. “With release of your entire active loan in the lending wallet we are transferring all your lending wallet balance to your BitConnect wallet balance at 363.62 USD.”
This rate has been calculated based on last 15 days averages of the closing price registered on coinmarketcap.com,” it continued. “You are free to withdraw your BitConnect coin currently in QT wallets that was used for staking as well. We are also closing BCC exchange platform in [five] days.”
Here is a Video from Travon echoing the same
@1:00
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Thanks for quoting their statement. You are speaking definitively as if you are in the game. If you are not and on the sidelines interpreting what's going on, that's cool. I have two friends who put in some decent money into Bitconnect. One has confirmed definitively that he lost 90% of his money because he was not able to sell his BCC coins due to not being able to access the website when they were at $360 a coin. By the time he was able to access them, they were selling for far less. If your interpretation of what should have happened trumps what actually happened then tell Professor X and Jean Grey I said hello.
man please don’t get that dude hot...he been in the OG thread for a hot minute lol
You keep referencing the market. We KNOW the Market value went down. When Bitconnect says they will
buy back your coins that isn't the Market (what others will pay) Do you and your friends understand that? Again, I'm not in it
just interpreting from what I'm reading and hearing. So, the value could be $5 ON THE MARKET but if Bitconnect says THEY will give you $300+
that's a whole different thing. Lastly, the site would be jacked up cause everybody and their mama was on.
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if i had bitconnect tho.. I wouldnt sell... it could be some whale tryin to scoop up a lot of coins, and causing this havoc...
I would stash it and let it sit... and just forget about them...
I would stash it and let it sit... and just forget about them...
Damnnn
damn they going after the Youtuber's now
https://cointelegraph.com/news/inve...uit-against-bitconnect-following-its-shutdown
Investors File Class Action Lawsuit Against Bitconnect Following Its Shutdown
Former BitConnect investors have filed a class action lawsuit Wednesday, Jan. 24, seeking compensation from the company that was found out to be a Ponzi scheme and has shut down on Jan. 17.
The class action complaint states that BitConnect issued cryptocurrency tokens that were actually unregistered securities and collected additional funds via a "wide-ranging Ponzi scheme."
The complaint has been filed by six individuals on their own behalf, as well as that of all other persons who have lost their money by investing into BitConnect. The six plaintiffs stated that their personal losses amounted to $771,000.
It is alleged that BitConnect guaranteed a 40 percent monthly return that it promised to generate by trading the investors’ funds on the cryptocurrency market.
Ultimately, the plaintiffs claim that instead of genuinely generating revenue via cryptocurrency trading, the platform actually used the funds from new investors to meet the expectations of the existing ones.
Launched in February 2016, BitConnect was a cryptocurrency community platform which introduced its own cryptocurrency Bitconnect coin (BCC) in November 2016.
According to data from Coinmarketcap, the BCC has reached the peak of its popularity in Dec. 2017, when its market capitalization hit about $2.7 bln.
Just days later, on Jan. 4, the state of Texas issued a cease and desist order against BitConnect for the selling of unlicensed securities which has led to the crash of the BCC token and the platform’s closure.
Meanwhile, BitConnect has managed to attract a different kind of attention by releasing a bizarre video from its annual ceremony in New York.
In it, the company’s eccentric representative Carlos Matos claims that his own investment in BitConnect has paid off several times over. “My wife still doesn’t believe me,” said Matos, describing how rich he has become.
https://cointelegraph.com/news/inve...uit-against-bitconnect-following-its-shutdown
Investors File Class Action Lawsuit Against Bitconnect Following Its Shutdown
Former BitConnect investors have filed a class action lawsuit Wednesday, Jan. 24, seeking compensation from the company that was found out to be a Ponzi scheme and has shut down on Jan. 17.
The class action complaint states that BitConnect issued cryptocurrency tokens that were actually unregistered securities and collected additional funds via a "wide-ranging Ponzi scheme."
The complaint has been filed by six individuals on their own behalf, as well as that of all other persons who have lost their money by investing into BitConnect. The six plaintiffs stated that their personal losses amounted to $771,000.
It is alleged that BitConnect guaranteed a 40 percent monthly return that it promised to generate by trading the investors’ funds on the cryptocurrency market.
Ultimately, the plaintiffs claim that instead of genuinely generating revenue via cryptocurrency trading, the platform actually used the funds from new investors to meet the expectations of the existing ones.
Launched in February 2016, BitConnect was a cryptocurrency community platform which introduced its own cryptocurrency Bitconnect coin (BCC) in November 2016.
According to data from Coinmarketcap, the BCC has reached the peak of its popularity in Dec. 2017, when its market capitalization hit about $2.7 bln.
Just days later, on Jan. 4, the state of Texas issued a cease and desist order against BitConnect for the selling of unlicensed securities which has led to the crash of the BCC token and the platform’s closure.
Meanwhile, BitConnect has managed to attract a different kind of attention by releasing a bizarre video from its annual ceremony in New York.
In it, the company’s eccentric representative Carlos Matos claims that his own investment in BitConnect has paid off several times over. “My wife still doesn’t believe me,” said Matos, describing how rich he has become.
No you got it backwards, the Youtubers are going after Bitconnect.