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[BitConnect]

Start: January 2017.
Paying: SCAM

 

[asumi]

so one of the best and well known faucets website already turn to scam status! im mostly joined in bitconnect due to someone here recruiting me to register! hope the members get thier btc satoshis paid before the website closed down! and hope it will not happen too in the freebitcoin !

 

[BMF]

so one of the best and well known faucets website already turn to scam status! im mostly joined in bitconnect due to someone here recruiting me to register! hope the members get thier btc satoshis paid before the website closed down! and hope it will not happen too in the freebitcoin !

Bitconnect is not a faucet. This was a lending program.

 

[Xight]

More Update. Dunno if you can trust the company that pulled off what it did, but leaving the information here for educational purposes.
@Mr. B I think I saw something about copy pasting content. Do I just paste the link here or what:

Bitconnect update regarding the changes to lending and exchange functions

Dear community members, the current BCC price drop is the direct result of us releasing all of our members coins at one time. We will do our best to honor the value of BCC as close to what it has been holding during past several months. At this time, we are closing the lending platform only. The BCC Exchange will work as usual from tomorrow and the wallet service will remain operational to hold your BCC on the website.

For next 10 days we are allowing members outside the U.S.A, to participate in the BitConnect X ICOwith BCC at $150. This is to support existing coin holders and give the BCC coin some initial stability after these recent events.

We are launching a new, superior system as an exchange that will support several cryptocurrencies as soon as possible and BCC will be listed immediately.

BitConnect Coin are limited in supply to 28 million and there are currently only 9.6 million in circulation.This scarcity of supply should create a market demand, with help and support from the community, once this new exchange begins operation.

We still expect BitConnect coin (BCC) to gain its value back and you can hold your coins in the website wallet or transfer them to a QT wallet.

We apologize for this inconvenience and we are working to get things corrected for this community and platform.

Best Regards,

The Team BitConnect

 

[Lovely]

When did Bitconnect turn a scam or is this different from the lending site that the admin did a tutorial on.This will be too fast to turn a scam,I was discussing with a friend to join the sites since we saw so many tutorials about this pointing this site to be legit.Well,it good I saw this.

 

[radio1000]

Hey guys how much money you make on Bitconnect? Did you guys lost a lot of money on Bitconnect?

 

[Keibah]

Isn't this the site that was recently closed and tagged as scam? Well I never got to work on the site anyways. I hope not much people lost to the site.

 

[Lovely]

I watched tutorials on youtube on people making so much money after the lending process and I was contemplating with a friend to join the site when I saw it marked scam yesterday,So yea,I was about but did get to invest in the site.So didn't any money.

 

[leafypond]

Yes, bitconnect has shut down and disappeared with all the money they have fooled people, that was all over the news recent days since there were many people deposit lots of their money there. Crypto market seems like a rich market for scammers, you always need to be careful.

 

[Kambas]

So glad I decided to watch this company instead of investing. Had a feeling at the beginning this was going to tank once enough people caught on that this is a proper Ponzi scheme right from the start. Glad I did thorough research and was never tempted to invest into this SCAM.

Remember guys, scammers always target human nature (emotions & greed).
If you put in $100 and expect to get $1000 in return without any work or adding any value, you are being greedy! So be careful when someone offers you this type of deal because they are hoping you will succumb to your human nature and give them money.

These guys have run off with over 1 Billion Dollars! Hope they get caught and justice will be served.

 

[leafypond]

That's a huge amount of money, definitely one of the biggest scammers ever. They did try to build everything to make it look real.

 

[killamch89]

I knew it was a ponzi scheme all along and I think it is the same team behind Davorcoin if i'm not mistaken. I'd also be careful of Falcon coin as there has been a few reports of not being paid already floating around reddit. Folks do your research and only invest money that you can afford to lose.

 

[minnow]

Id seen a pot stock invest type site say HEMPcoin is bad or will be soon