Post
Topic
Board Marketplace
Re: Do you remember Bitconnect? I lost 3500 dollars in this pyramid!
by
BitHodler
on 22/06/2018, 15:23:52 UTC
I thought bitconnect was going to kick off tbh.
Kick off as in become successful? That's impossible with how insanely high their offered returns were.

Most platforms offering interest for your liquidity barely top a few % while BitConnect went over that with many orders of magnitude. No business can ever sustain that without a continuous income flow.

If people were a bit more cautious about what they do with their coins, they by now would be a whole lot wealthier, and that just by hodling. It's a simple but extremely effective way to increase your wealth.

People that lost due to BitConnect will take more risk with other investments in order to recover from their losses. People's problem is that they believe in the next time to be different because they learned from their mistake.

In reality only a few learned and stop with this garbage, the rest will keep making the same mistakes over and over again.