Quote from: cryptamod on January 18, 2018, 07:26:03 AM

Quote from: casparthefriendly on January 17, 2018, 12:05:15 PM

Bitconnect has formally closed its lending platform and cryptocurrency exchange following warnings from Texas and North Carolina regulators. The Bitconnect Coin (BCC) digital currency is down 87% today and 93% from its December 29 high of $437. At press time, BCC is trading for just $30.

Ponzi-like
Many in the digital currency community have called Bitconnect a Ponzi scheme, including Ethereum founder Vitalik Buterin, according to TechCrunch. Such accusations were based on the multi-level referral system and the promise of up to 40% earned interest, plus a daily bonus of up to 0.25% per day, on each loan. The promise of risk-free high returns is often typical of a scam - if it sounds too good to be true, it probably is.

Bitconnect Coins website describes the currency as:

The moment you acquire BitConnect Coin it becomes an interest-bearing asset with 120% return per year. It is that simple.

Unfortunately for investors, that interest-bearing asset is now nearly worthless.

https://cointelegraph.com/news/bitconnect-closes-virtually-its-entire-operation-bcc-token-drops-87

Yes i am grateful that this ponzi scheme finally come to an end,the people behind this should suffer to death,this is the biggest scam in crypto history.

Are people who took part in BCC, don't see that it's a ponzi? I think they saw but hope that get own money back before crash. And youtubers helped them deceive themselves. And it's same scams will be more.

Quote from: abeke on January 18, 2018, 07:31:18 AM

Do archive.org have those youtube videos? Greed took over the people and at the end lost everything. Why do people blindly invest to this thing with impossible reward system? Is there any way for them to return funds?

In ponzi funds returning was already - to older investors. What you say else