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RE: The BitConnect scam is DEAD. What happens next?

in #bcc6 years ago

I think the crypto community must be much more critical of ourselves about these type of things. That something like bitconnect got this big and lasted for as long as it did must be prevented.
I just found your channel and I really like the content where you make criticisms, it is what is needed for this space to grow.

Looking forward to further content.

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Users were warned, yet many of them still just couldn't face the facts. Basic math proved that it's just not possible and still, head in the sand was the action many took. Users should be warned about these snake oil merchants that still plague this platform and are active. Following their advice could result in heavy financial losses. @craig-grant being one of the biggest offenders.

why are these sort of pyramid schemes so popular, when you'd make more simply through buying and holding coins?

Once people get fooled in, they have to market it and defend it until it's death. Sometimes it takes a lot to admit to being fooled. Promises of getting rich quick basically doing nothing attracts many. I hope we as community will be a bit more vigilant next time something like @craig-grant and bitconnect shows up in another from.