Quote from: Islapdonkey on January 17, 2018, 11:52:39 PM

Quote from: AGM76 on January 17, 2018, 11:30:55 PM

Quote from: cryptodv on January 17, 2018, 11:28:25 PM

Some of the stories I'm reading on Reddit are heartbreaking. People investing their life savings, all to be washed away. Please people do your due diligence when investing. If it seems to good to be true...second, triple and quadruple guess it before jumping in. Undecided

Could you post some of these as I'm sure people invest BTC in many projects and nobody knows for sure when they will crash. Sometimes it's a hedge against BTC falling.

Is the reddit closed or can anyone see it?

I had to log on to let you know that you are a piece of shit. You represent everything i hate about a capitalistic society.
Blinded by greed with no care whatsoever on the effects it might have on the next individual.
I might get some hate for this, but i will probably cry tears of joy if something really bad happens to you. I wish the worst on you. Bye.

Is the reddit actually open to the public??? BCC didn't have to crash, as it could have carried on and were not in any financial difficulties. Everyone hating on it probably helped persuade them to stop the lending. People are only worried now due to the coin price temporarily being low. I'm sure they will think of something else soon.

You do realise what I posted just above is actually true? When people lend and lock in their coins they get less coins back even including all the interest and capital release in USD (because the coin has risen in value so much and bitconnect have always paid lower interest than the growth of their coin - they are simply sharing the profits in this way). So basically it's like the reverse of a PoS coin where people get less coins in return rather than more. How anyone can say that is a Ponzi is beyond me.

All other cryptocurrencies are far more of a Ponzi. Any whale can dump the price at any time in all other systems. At least there are systemic protections against that with the bitconnect model.

By the way, I did study mathematics at university so I'm not some idiot and may understand things a bit clearer than most.