Quote from: Mpamaegbu on December 03, 2017, 02:54:04 AM

Quote from: MPulse on November 13, 2017, 02:11:16 PM

Looks like the ponzi scheme is getting exposed and coming to an end shortly. UK Registrar of Companies has threatened to shut down BitConnect and dissolve its operation. BitConnect has two months to prove cause to the contrary until the decision has been formally enforced. Should the company fail to comply with these terms, the government agency will strike off its registration and seize its assets.

BitConnect was registered by a British man going by the name of Ken Fitzsimmons, he holds 75 percent or more of the shares in the company.

For those of you that are still participating in BitConnect you should get out now while you still can.

So, why has it still not been shut down my dear FUD spreader? The truth is that we tend to label whatever we dont understand a scam this day. That is the practice and this is ignorance at its peak. Was bitcoin not labelled a scam in its wake? Even now some still think and insist that Bitcoin is a scam. I have seen many coins labelled scam but have proven not to be with time. Only time can unveil this.

Quote from: yannick225 on November 21, 2017, 11:09:35 PM

I hope that those of you that are still participating in BitConnect get out while you still can, in 2 month max Bitconnect will be shut down and lot of people will lose money.
Stay away of this scam, it's the same thing like Onecoin a obvious scam !

Onecoin was never a cryptocurrency. It was purely a Paper Company whose owners wanted to fraudulently raise money for by deceiving the public through the crypto label since it was the in-thing as at then.

Because it can't effectively be shut down and/or because regulation and legal measures take a long time.

The truth is, BitConnect is a ponzi scheme and if you insist otherwise you either don't understand BitConnect, or you understand it and try to deceive people so you can profit off of them.