Bitconnect Scam Collapsed, In Addition To Unopen - How The Scam Worked, In Addition To How They Made Their Escape...
A quick vlog I made upon finding out the news.
Being the exclusively reporter to stimulate got attempted to aspect Bitconnect inwards somebody (that even out here) it exclusively seems correct I encompass their lastly day. The fellowship is inwards total collapse after announcing closing of their lending platform, their BCC money value is inwards freefall - starting the twenty-four hours worth a trivial over $400, in addition to at the fourth dimension of writing this worth only $43.
This is a foreign feeling.
Sure, feels expert to live proven correct - but I already knew I was. Whatever gratification I instruct from that is directly lost when I intend near everyone who only got screwed.
You see, a lot of expert people were tricked past times some really bad ones.
I'd gauge the bulk of people who participated inwards Bitconnect are actual "victims". People who heard of this amazing matter called 'cryptocurrency' in addition to browsed only about Facebook or YouTube, in addition to ended upwards inwards the hands of someone trying to construct their Bitconnect referrals, in addition to promising the moon.
Innocent confused people. Bitconnect... Bitcoin... they audio similar enough, to someone who knows zero near either.
That's why this isn't enjoyable.
I beloved the alluvion of novel investors inwards the cryptocurrency world! I desire everyone to create well, in addition to there's no satisfaction gained when I read the stories beingness posted on social media today of people losing everything.
So here's how their move out strategy ended upwards working:
- Bitconnect announces they are closing their 'lending platform'.
- Now to divert blame, they blamed USA the world governments, in addition to 'bad press'.
- Then they tell - everyone is getting their investment back!
- But at nowadays here's the money grab: They pay dorsum the investment inwards their BCC coin. Not inwards USD, non inwards Bitcoin - but inwards their ain worthless coin.
- So if Bitconnect owed y'all $10,000, y'all received $10,000 worth of BCC coins.
- But only hours later, that $10,000 is exclusively worth near $1000, every bit the BCC money is inwards a sudden dive towards beingness completely worthless.
They transcend along the Bitcoin. They transcend along the USD. Their users got BCC.
Now nosotros ask to take the trash from the cryptocurrency world.
So alongside all this inwards mind, it's fourth dimension nosotros unite to accept out the scammers that pushed this thing. People similar YouTuber Tevon James and everyone similar them.
Anyone who pushed Bitconnect - you're canceled. Your recommendations, your opinions, your posts, your vids, your tweets should live ignored from this twenty-four hours on.
These people volition live back, alongside the adjacent "get rich quick" scam. Let's brand certain nobody's listening when they do.
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San Francisco News Desk
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