Community post
Bitconnect: The Aftermath
Good laugh, ah? Some stupid people got conned by a ponzi because they took investing advice from a high school kid on YouTube. I'm literally shaking right now ... with laughter.
But look at what is happening, and what it means for the whole cryptospace. Reddit is full of people calling for government regulation of this market. And for the prosecution of Trevon James, Craig Grant et all.
This is just the excuse government has been waiting for to interfere in cryptocurrency.
This is bad for the whole space. Bitcoin was founded to be a currency which didn't need the state. Now lots of dumb people who fell for a scam are calling for the state. "Mummy state, mummy state. These bad guys did bad things to me." Yeah. And we will all be affected by this.
Replies (7)
Truly! We don't need more government regulation! Stupid people will still be stupid regardless of what the law is! Great post!
Red flags well on their face, they just were too blind to see them. For some people seduction to richness is too powerful. Life is a lesson.
Even though people are stupid, those youtubers deserve to be prosecuted and their ill gotten wealth confiscated.
You have to prove intention to defraud, which is very hard to do. They wont be prosecuted, and have now gone on to Davor, the next big fraud.
Cheers
I was just reading about how much some have lost on this. It's tragic, but some people can't resist the temptation to get rich quick. It rarely works out
I agree. I am very sorry for those who got conned. Fraud will always exist, sadly, and a combination of greed and naivety will drag people into it.
If you invested in bitconnect listen up don’t feel like you don’t have rights.
You do! Don’t be fooled.
When you invest in anything doesn’t matter what it is you must protect yourself
At all times.
A boxer NEVER goes into the ring with out the gloves on.
With that said sometimes these things happened and I’m with you 100% it’s truly unfair and bad business practices.
Here is one thing I want you to know having been in business 8 years in the online…
You cannot! Put a website online generate (SALES) and think you can just shut down and NEVER be found.
You can be found….
If BITCONNECT does shut down or the coin completely wipes out. You guys already know whos on the board of directors and who is currently hosting the site etc.
What’s my point here…
BITCONNECT cannot just run off with the MONEY you invested.
BUT what I will say is that they should have been WAY more informative (in advance) if they really cared about the community.
…just being sloppy shutting down with out telling anyone or making excuses about a DDOS attack isn’t the way to go.
(Even when we get DDOS or our stuff goes down we inform our community)
So with that said I would if this all another week…
If you invested 100K to 1Million dollars of your hard earned dollars then you already know what to do (PROTECT YOURSELF)
I’m wishing you all closure.
It’s truly sad to see this !
(MY ADVISE) to any one if your reading this TAKE this as a lesson don't be fooled and repeat the same mistake.
Invest IN THE THINGS YOU LOVE not QUICK MONEY.
LASTLY DON"T BE FOOLED this isn't CRYPTO and BITCONNECT doesn't DEFINE the full purpose of cryptocurrencies.
All the best guys keep your head up!