Hi fellow crypto investors. Selling cryptocurrencies used to be the only affordable solution when there was a need for cash. This led to a loss of future gains. My company - www.cryptolending.ca - is the first Canadian online lending platform that allows holders of BTC to leverage their crypto asset as collateral to secure cash loans.

We will be launching in Ontario first in Q4 2018 and plan to expand to other provinces in the future. We will also add support for other alt-coins as collateral in the coming months. We offer loan terms anywhere from 6-36 months and you can borrow up to $25,000. Interest rates start at 12%.

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Thank you for sharing those links. We are looking to gather some additional info that is not captured in those surveys. We wanna know what additional products and services would be of interest that allows investors to bridge the gap between crypto and traditional financial markets.

Hi, my company is looking for several Canadian crypto investors who are willing to participate in a short phone survey. Our company is a Toronto based FinTech startup developing innovative financial services and products targeted to Canadian crypto investors.

We are interested to learn Canadian's perception of the crypto market, reasons for investing, how are you using bitcoin or other crypto assets today and what new services or solutions would you like to see introduced to the Canadian market.

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Well, I would love to see what all the BitConnect believers have to say now?

End of the year!!! More like in a few hours... hahahahaha

It's also important to note that BTC is decentralized. It's not controlled by a central bank or any particular government. That's what makes BTC so appealing. You can buy/sell BTC on the open market.

BCC on the other hand is centralized, it's controlled by whomever is behind the website. All trades happen through their website. Because very little is known about who operates the website, they could decide to shut down tomorrow and no one will be able to do anything about it.

You're essentially lending your money to a complete stranger, and you have no idea what they're doing with it, and if you'll ever get it back.

I don't have an answer for you, but if you look at any other major innovators in history you'll see that just because they were the first doesn't necessarily mean they'll be the dominant player in the long run.

Look at Blackberry, arguably they were the first company to come out with the smartphone, but Apple took over and now Blackberry is a distant memory. Same with Kodak, they were dominant in photography and with the invention of digital cameras they were non existent.

The same could happen with Bitcoin as well. I feel that the high transaction fees and slow transaction processing could be the fall of Bitcoin. As more people start to take crypto seriously then another player with lower fees and faster processing could end up dominating. Only time will tell.

Let me look in my crystal ball 

It amazes me how gullible people are. You can't honestly believe that on average you can earn 1% interest compounded daily.

For those people that keep saying we don't know who invented Bitcoin - so why does it matter who started BitConnect? You're overlooking one simple fact. Bitcoin has grown to where it is today because it's a true decentralized digital currency. BitConnect on the other hand is centralized and you can only buy or sell BitConnect through their own website. So it does matter who is behind BitConnect.

For those of you that are blinded by the daily returns, please open your eyes and realize that such a system is not sustainable in the long run. You have no idea who is behind this company and any day they can decide to shut down the website and walk away with all your money and unfortunately there is likely nothing you'll be able to do about it.

If it's too good to be true, then guess what? It probably is! You've been warned!

Already a thread open on this topic:

https://bitcointalk.org/index.php?topic=2397578.0

BitConnect was incorporated in the UK in July 2016. Just because it's a UK based company it doesn't mean that they actually run any of their servers there. It's very likely that the entire BitConnect system is running offshore and if UK were to shut them down it will likely be very difficult to seize any of their assets.

For all we know Ken Fitzsimmons could be a fake person.

This is just hopefully another warning to those people who are falling for this scam. How could anyone believe that if you invest $1000 and the company gives you 1% interest compounded daily would make your investment worth $50 million+ in 3 years. Do you honestly believe that is sustainable?

Here you go: https://beta.companieshouse.gov.uk/company/10278342/filing-history

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.

Since you've admitted that you know nothing about bitcoin, I think you should stay away from mining and do some research first. If you just want some bitcoin then buy some.

https://www.buybitcoinworldwide.com/mining/cloud-mining/

Let's put aside for a second whether or not BitConnect is MLM or a ponzi scheme. What I'm most curious about is, is their platform secure? With BitConnect getting so much attention online lately, is anyone worried that your coins are secure in their possession? You could enable every advanced security option including 2FA on your account, but if someone were to hack and gain access to BitConnect's systems they can walk away with all the coins.

I guess I'm just overly cautious with past examples of exchanges either shutting down or online wallets getting hacked and people end up losing their coins forever.

As we all know there will only be 21M bitcoins in circulation. I'm curious how many Bitcoins are lost for good? Either people have lost their coins or forgotten their private keys, or simply coins have been lost because various exchanges have shut down.

I wonder if there is a way to know how many coins are lost forever?