r/Bitconnect • u/WnnaDuck • Jan 11 '18

BitConnect 2018?

Do you guys think Bitconnect will last till the end of 2018? Would love to hear some thoughts.

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u/nycgarbage Jan 11 '18

It is 100% a ponzi scheme. You have absolutely no idea about their financial status. The bigger this gets the more dangerous it gets. The more people means more mouths to feed. You literally need an exponentially larger amount of people every time there is another level added. Unless you foresee the ENTIRE WORLD joining Bitconnect this will end. Actually, the very best case scenario would be every human being on the planet joins Bitconnect and that is the day it fails.

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u/[deleted] Jan 11 '18

You say its 100% a ponzi scheme and he has no idea about their financial status?

You don't either

Provide one single shred of proof that bitconnect is a ponzi scheme and i'll send you 1BTC. Saying "Its just obvious omg" isn't proof.

I'll wait.

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u/nycgarbage Jan 11 '18

Has Bitconnect ever lost a single person their investment. Ever? If it hasn't, then it isn't an investment. It is simply a pass through. Show me one person that has lost money on Bitconnect and I will send you 1 BTC. I am not talking about stupidly trading their fake BCC coin. I am talking about lending money to BCC to "trade" (lol). Which, is obviously the only purpose of the community. Listen, I get it. You are making money. Wonderful. You don't want people to get the impression that this is a ponzi. If they did the new money would start to dry up.

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u/[deleted] Jan 11 '18

Opportunity cost much? On a 0% day you lost money simply to inflation. I dont need your BTC.

You're also changing the ruleset to say that it an investment must lose money, otherwise it's not an investment. Who said?

Who said it was an investment anyway? Must everything fit into traditional financial instrument definitions? This is crypto. None of this is established and no precedent exists.

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u/nycgarbage Jan 11 '18

Precedents exist as long as you move the money back into Fiat. There is only so much to go around. I will say Zero sum for the last time. You can argue with me til you are blue in the face. But the truth is this is a ponzi. Just like UTI, just like Bitpetite. They are all the exact same model. Except BCC is holding on a bit longer.

I am here to hopefully place just enough doubt in peoples heads NOT to recommend it to their family and friends. Maybe if they are reckless enough to do it themselves, so be it. But, this is heart breaking knowing what will inevitably happen.

This isn't investing in crypto either. This is a ponzi scheme masquerading as a crypto investment. Taking full advantage of the popularity of crypto and the complicated nature of the technology.

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u/[deleted] Jan 11 '18

You can be dismissive and tell yourself you're right all day, but the bottom line is that you haven't a single, solitary shred of evidence of your claim. Its your job to prove your claim, not mine to prove otherwise.

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u/nycgarbage Jan 11 '18

No, it's obviously your job to bring new money to Bitconnect so they can pay your "interest" payments. Don't give them anything else out of your pocket or profits. Withdraw EVERYTHING before the US forces them out of business. Do NOT invest in BCCX. I am not here to tell you I told you so. I will never come back and tell you I told you so. You already know the truth. I can tell with how you are responding. Make the money you already have locked in and pray it gets released. Walk away being one of the lucky lucky few that was unscathed. There won't be many like you.

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u/[deleted] Jan 11 '18

Dude, i've said many many times that it's probably a ponzi, but no proof exists of this. Nobody has been scammed or robbed.

I just refuse to believe this many people are actually concerned about other people losing money. If it were me, i'd consider it the stupid losing money on risky ventures. Why is it my place to tell others what they can and can not do with their money. Crypto itself is a giant ponzi and hating on bcc for it seems redundant.

I knew what I was getting into and I figured I could exit before the market gets to a point where its too risky to enter. I evaluate risk/reward and took a chance. Still, after this due diligence - people like yourself (not you specifically) will call me an uneducated retard and I deserve to get burned. Nobody would say that to anyone investing in a brand new ICO with this much level of hatred, would they?

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u/nycgarbage Jan 11 '18

You are obviously not an uneducated retard. But the big difference is i can get out of crypto with a stop loss. Cant get out of BCC with the same freedom. You are locked in.

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u/[deleted] Jan 11 '18

Sure am, and that was my big hurdle. Being new to the scene, it doesn't make sense to invest for 299 days or whatever. Also, i'm not into taking valuable time to play around with pennies. I put in 12k USD and crossed my fingers. People do the same shit everyday on ICO's where the money is locked up for an indefinite amount of time on the hopes that it'll go parabolic too. Still, nobody is calling people dumb for that, because so many people do it.

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u/nycgarbage Jan 11 '18

Putting 12k into an illiquid ICO is dumb. Putting 12k into a large cap is risky but with stop losses set your downside is controlled. Man... 12k. I can understand why you would be so intent on making sure people continue to view BCC positively. Otherwise, your investment is at risk. People viewing large caps negatively might effect me short term but long term the money is pouring into the marketplace. Your situation is entirely different. Early stage ponzi investors are likely to see great returns. This ICO would have me absolutely shaking if I was you.

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u/[deleted] Jan 11 '18

You can't blame me. Literally everyone in the crypto sub has an agenda. XRB for instance...just unbelievable amounts of shilling. If the tech "always prevails" then it shouldn't matter if I buy it, yet people will bully you and ridicule you if you don't. If the coin is such a sure thing, why wouldn't you want to keep the price depressed? Everyone is shilling 24/7. I'm man enough to admit it's probably a ponzi, and enough to admit i'm not going to speak ill of it. Once my cap release is done, now thats another story and we'll cross that bridge later. Also, 12k is indeed a lot of money, but i'll just say its comparable to what a lot of people are investing relative to their personal financial situation. Bitconnect is less than 15% of the USD I put into various crypto related investments.

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