A lot of people quit their job for bitconnect. Bitconnect price went down 90 percent today!!

People join the biggest ponzi scheme called on bitconnect? People put their entire saving on bitconnect and they quit their job?

only 90% down .cool

time to buy cheap i guess

It is about time. It reminds me of the biotech stocks that had no earnings plus they carried huge debt. People bought & bought. They usually bought at the high point and a little negative news made these stocks implode. Many people lost fortunes. I still don't understand the Bitcoins valuation even if it was worth $1000/coin. There is nothing backing this coin. The only positive thing is that there are only going to be a set number of them created and then no more. Yeah, I bet. Wait until Bitcoin comes out later and says they are going to create more of them. That devalues any Bitcoin that you have. Stocks that issue more shares do this to pay down debt.
It looks like a bunch of people just lost a great deal of money in just the last week of declining Bitcoin value.
I think it it too early to be buying this thing. I almost bought 6 months ago but got spooked away because it was acting like a NASDQ stock. Be careful people. The only right way to buy would to dollar cost average. Buy a small amount every month instead of buying it all at the same time.

When the Dow crashed in 2008 and went from 14,000 down as low as 6,700, I had a little free money and had my broker buy some index funds or something similar once a month. I bought as low as 6,900 and held on until last year when the Dow was near 20,000. I made out great with that trade, but I only had a few thousand to play with. The big boys who make the money have a statement. They make the most money when there is blood on the streets. Buy when people are scared and selling at a loss, then buy. It works. Of course I may be wrong about Bitcoin because I don't understand something that has no assets or pays no dividends, plus has no country backing it. Where is the value? I don't understand why people would buy something that has already made such a huge move up? Call me dumb.

fred891 wrote: It is about time. It reminds me of the biotech stocks that had no earnings plus they carried huge debt. People bought & bought. They usually bought at the high point and a little negative news made these stocks implode. Many people lost fortunes. I still don't understand the Bitcoins valuation even if it was worth $1000/coin. There is nothing backing this coin. The only positive thing is that there are only going to be a set number of them created and then no more. Yeah, I bet. Wait until Bitcoin comes out later and says they are going to create more of them. That devalues any Bitcoin that you have. Stocks that issue more shares do this to pay down debt.
It looks like a bunch of people just lost a great deal of money in just the last week of declining Bitcoin value.
I think it it too early to be buying this thing. I almost bought 6 months ago but got spooked away because it was acting like a NASDQ stock. Be careful people. The only right way to buy would to dollar cost average. Buy a small amount every month instead of buying it all at the same time.

When the Dow crashed in 2008 and went from 14,000 down as low as 6,700, I had a little free money and had my broker buy some index funds or something similar once a month. I bought as low as 6,900 and held on until last year when the Dow was near 20,000. I made out great with that trade, but I only had a few thousand to play with. The big boys who make the money have a statement. They make the most money when there is blood on the streets. Buy when people are scared and selling at a loss, then buy. It works. Of course I may be wrong about Bitcoin because I don't understand something that has no assets or pays no dividends, plus has no country backing it. Where is the value? I don't understand why people would buy something that has already made such a huge move up? Call me dumb.

It's the devils money.

You have common sense. When it comes to making money, common sense tends to go
out the window for many people.

Bitconnect reminds people putting a lot of money on trafficmoonsoon. Since they are going get rich fast. Another program I remember is 12 dailypro early 2000.

Bitconnect grandma investing her social security money.

GRANDMA EARNS $56,000 ON BITCONNECT IN 5 MONTHS! - YouTube

Sad

sweetpie3000 wrote: Bitconnect grandma investing her social security money.

GRANDMA EARNS $56,000 ON BITCONNECT IN 5 MONTHS! - YouTube

Sad

cool . if she was stupid it is now time to pay price

I didn’t know crypto grandma investing bitcoin or altcoin.

I thought bitcoin is for hipsters and young people.

sweetpie3000 wrote: I didn’t know crypto grandma investing bitcoin or altcoin.

I thought bitcoin is for hipsters and young people.

Old people can be stupid same as young people

sweetpie3000 wrote: Bitconnect grandma investing her social security money.

GRANDMA EARNS $56,000 ON BITCONNECT IN 5 MONTHS! - YouTube

Sad

Why sad she made money,or is it sad because you couldn't

Some like to eat noodles paid with dogecoin

fred891 wrote: It is about time. It reminds me of the biotech stocks that had no earnings plus they carried huge debt. People bought & bought. They usually bought at the high point and a little negative news made these stocks implode. Many people lost fortunes. I still don't understand the Bitcoins valuation even if it was worth $1000/coin. There is nothing backing this coin. The only positive thing is that there are only going to be a set number of them created and then no more. Yeah, I bet. Wait until Bitcoin comes out later and says they are going to create more of them. That devalues any Bitcoin that you have. Stocks that issue more shares do this to pay down debt.
It looks like a bunch of people just lost a great deal of money in just the last week of declining Bitcoin value.
I think it it too early to be buying this thing. I almost bought 6 months ago but got spooked away because it was acting like a NASDQ stock. Be careful people. The only right way to buy would to dollar cost average. Buy a small amount every month instead of buying it all at the same time.

When the Dow crashed in 2008 and went from 14,000 down as low as 6,700, I had a little free money and had my broker buy some index funds or something similar once a month. I bought as low as 6,900 and held on until last year when the Dow was near 20,000. I made out great with that trade, but I only had a few thousand to play with. The big boys who make the money have a statement. They make the most money when there is blood on the streets. Buy when people are scared and selling at a loss, then buy. It works. Of course I may be wrong about Bitcoin because I don't understand something that has no assets or pays no dividends, plus has no country backing it. Where is the value? I don't understand why people would buy something that has already made such a huge move up? Call me dumb.

Is stock market crash is coming?

Only if sell. I sell mine weekly same day as receive them.

Yes everything looks overpriced in the market making new highs every week,even I have sold some stocks dont want to get into the 2008 situation,many stocks have not yet recovered still 40-60% down.

Trevon James. CryptoNick, Craig Grant make tons of money on bitconnect. Since they promote bitconnect on youtube.

They make tons of money on referrals.

Bitconnect drop as low under 5 bucks per coin. Now price went up to 29 bucks per coin.

Arvind9 wrote: Yes everything looks overpriced in the market making new highs every week,even I have sold some stocks dont want to get into the 2008 situation,many stocks have not yet recovered still 40-60% down.

Same shit here , but USA is up , up , up , now over 26 000
In Australia it will take another 10 000 years to come to 2008 high at just a bit over 7000 [ and idiots here still talking , we are the best and envy of the world , once USA crash we can not crash as we did never go up ]Grand scale idiots

I just use faucets to earn BTC...it's only a small amount of money (it was worth $600 when BTC price was at it's highest) but I just leave it to build up until I need money for something or I decide it's not worth it

I use faucets too .. safer that way

if you know of any besides the moons / coinpot , faucet hub ( a pain at times , I know ) and freebitco , let me know on private chat

for those of you who write uninformed , untrue ,fearful , or ignorant posts about all this .. you're simply passing up free money .. the sky is falling , right ?

educate yourself , be smart , there is a way to do this safely so you don't lose any of your own money

about bitconnect .. that had ponzi scheme written all over it from the beginning , which is why I did a little research and found out I'd best not waste my time or funds on it

this is from another forum I belong to , with a little editing , and they're not my posts


He is not taking anything back, bitconnect ceased all lending operations and they operate now just as advisors... This is bull****, they stole money and they step away like gentlemen! this is business! I honestly cannot understand the reason people still believe they will become rich overnight...


the main reason is because it's much easier to search for get-rich-quickly methods and hope you will actually get-rich-quickly rather than make actual efforts for your money

anyway , I knew it was going to go scam so I stayed away