My buddy is now in Indonesia and he found a bureau of Bitconnect. The pic of it below.
If you are not aware - it was a Ponzi that some YouTubers were promoting and in the end, it disappeared with peoples money.
Here is how it looks, of course, it doesn't work anymore but the banner is still there.
Another funny thing about Bitconnect is Carlos pump guy.. Just check his video from their "party". Shits amazing.
Hell, even biggest youtuber of the world made fun of this movie and the scam.
Markets
Since the coin is actually a crypto (just the business model was the scheme) its still trading and alive (until exchanges kick it off). Keep in mind other exchanges like Binance having BCC are actually having BCH (Bitcoin Cash) just initially it was called BCC so some didnt change it. Do not be fooled by this.
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It was just so obvious to me from the start that it was a scam. Good grief; they used an actual picture of a pyramid to explain their payment model! Yet even with all the warning signs that it was both a pyramid scheme AND a ponzi scheme, it was useless convincing anyone who had already invested. Why? Desperation and greed make for a powerful intoxicant, that's why.
Anyway, I honestly laughed out loud when I first saw the headline for this post in my feed. I used to live in Indonesia and I'll tell you a funny little story this brought to mind.
So I was living in Indonesia for a year, having arrived with just an (at that time) 2 month tourist visa. So I had to go to Singapore every 2 months to get a new tourist visa, which was an expensive and inconvenient trip to keep making. Some long-time expats put me on to this service where they would get a 6 month business visa for you allowing you to do 6 months at a time instead of 2. So I did this, only every month I had to go there to get a 1 month extension on my 6 month visa actually remaining active.
Well long-story short, every month there were new prices and new hoops to jump through. It was always a surprise what it was going to take each month I went to reup. So finally I get fed up and decide to give them a piece of my American mind, LOL. So I start telling them this is no way to run a business. They need to have fixed prices and post them, and if everyone has to go through the same hoops all the time, why not write that up and tell people so they can plan ahead.
They just smiled and nodded. Years later it hit me. I was in that country illegally, they were essentially the mob, and they never knew what they were going to need to ask me for a month in advance because they had no way of knowing what bribe the govt. official they were working with was going to demand.
So basically, I was criticizing the mob on poor business practices. LOL. I'm happy to say I've become a little less "Americans abroad" over the years since. 😀
Anyway, it may not be so strange that bitconnect is still going strong in Indonesia.
LMAO that’s classic.
I think is getting better now with new president...
How anyone invested in something where a guy who was promoting it shouted BITCONNEEEEEEEEEECT, HEY HEY HEY, etc. on stage, I have NO idea lol.
GET A WAY FROM THEM!
They took my money, It wasn't that hurt though .. I made evenly as I invested but, feel bad to those people just got in!
I tried to warn so many people of this scam, but all I would receive is hate. Very little sympathy for those who loss money.
They are like that bacterium!Propagated everywhere!The top was cut off and the roots remained...
Their problem not mine, and how can they really be mad at the big promoters
It is clear that their problem.. There will be many more such companies.Just need to be watchful!We have steemit this main thing! :)Good luck to you @crypto2crypto !;)
Agreed. Many of us have been screaming ‘scam’ for months. The trouble was that people who had invested were trying to get others to invest and didn’t want warnings etc! They seem to have gone quiet now though!!
Oh don’t mention bitconnect now. They will call you a insensitive asshole.
same here, i told so many people but got so many hate
Whenever greed strikes some one he or she loses his mind and you cannot talk sense to them.
It seems like BitConnect's bureau in Indonesia, not Bitconnect's central headquarters that happens to be in Indonesia.
Still a good find and a good share, and I learned from here that the BCC in Binance is BCH.
The naming is confusing.
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That PewDiePie video is hilarious 🤣...
You mean no more free lambos?
We should stay connected to each other so that if we smell anything fishy we should immediately warn each other and then others
Question is will people listen?
I will say why not it may not be everybody but at least some and this should not stop us from doing our duty.
The only good thing that came from bitconnect was Carlos Medez
Hey hey heeeeeeeeeeyyyy!!!
Wasssaaaaa wassaaaaaa wasssaaaaaaap
hahahaha. He made bitconnect scam memorable.
1% per day compounding...humanity..,
That bureau looks like a scientology church... super sketchy
Shame on those promoting a scam
Shame on those too lazy to do real research before putting in money they can't afford to lose
Just stealer
So glad I did'nt bite on that one...
@trevonjb was a great role moddel or so I thought until Bitconnect, but then again the game we play is a challenging one. Making quick cash never comes without grave risk.
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I was watching this whole drama of Bitconnect. Even try to warn some of my friends about it, but it was futile. Some of them lost a great deal of money, but even now they still believe the project will get on its feet again. How sad.
This was one of the biggest Ponzi scheme .which scammed a tons of people money .but after the crazy crash if it to 0.23$ again some scammers started to fool people to buy this & wanted them to invest more in it .which is a very sad part of it .
A lot of people lost money to bitconnect, I have friend that did.
If you look closer at their logo, they did show a sign that your money will evaporate
We just have to be very careful of this scams. I pray God help us but we have to help ourselves also by being very careful in search for wealth
Yes, fortunate me i didn't enroll them but was tempted and hesitated. as in crypro humanity nil is loyal as soon as it comes to comfortable money.
But they did swallow my bch which was a free gift from land btc. Not a great deal immediately a a small amount of bucks i think.
@maisha I hope you didn't copy @steemfuture's comment. Even though you didn't use it word for word, your comment reminds me of a trick some of my students would pull ... they would translate the English version to another language, then another, and then back into English. Please don't use other people's words and then upvote yourself.
Hey @kingscrown, great post for bitcoin ! I enjoyed your content. Keep up the good work! It's always nice to see good content here on Steemit! Cheers :)
the only thing that will have future value are the carlos matos internet memes and videos
Carlos Matos is angry
Best one:
harry potter is missing
Hahahah so well made! Thanks for sharing! I hadn't seen either of these :D
If it doesn't work anymore, then they should remove the banner.. It will be giving people that lost money in it false hope.
Nice post
Yes, lucky me i didn't join them but was tempted and hesitated. Because in crypro world nothing is true when it comes to easy money.
But they did swallow my bch which was a free gift from holding btc. Not much just a few bucks i think.
I'm also now in Indonesia, but where is it?
So Bitconnect's ghost still haunts us till this day. Also I've seen those promo videos before and if I didn't know better I probably been convinced as well. Those videos can easily convince people looking to get rich quickly. Anyways, thanks for the interesting news on Bitconnect.
Welcome to Indonesia Brother@kingscrown. Have fun.
Surely it is very surprising for everyone .. They rollicking investment there, but because of inadvertence then the loss will happen .. Thanks for information @kingscrown
wow thats great indonesian. best wishes for you guyz. carry on.
This is really coming as a shock to me because i did a month back after all options I weighed though i knew it wasnt having a base line but when you are a risk taker you want to try something new but not the fact i took the risk wisely by starting with the least amount just to try hiw solid it was but ere I am hearing stories of scam and the rest. I guess life is win some and lose some. Thanks for sharing this information @kingcrown you always do this for your followers. Thanks for info.
good post
excellent
Very good post
I personally heard that bitconnect is a scammer and ripping people off their hard earned money. Thanks for updating us @kingscrown
what a nice news ! i love it actually i would share this to korean community
Shame on these promoting
It is really a sad thing when other humans seek to extort other people of their hard earned money. It is really hard to make money and some people just find easy to take just like that no guilty conscience or anything. I watched a few videos of how some people lost everything from bitconnect. Its really terrible. There is another similar program like bitconnect called USI TECH, can anyone comment on this whether it is a ponzi or legit? I know network marketing is a legit business but there are also a lot of ponzis attached to these models. I could not find much information about USI TECH and The TECH COIN.
So much loss!!
tried to warn so many people of this scam
many people lost money
Good thing my sister and I chose not to jump in.
I like your post
https://steemit.com/adventure/@hamidi103/a-never-exhausting-adventure-in-steemit-b48a0f17aeb0f
When i heard of bitconnect, from the first day I had no interest in it and i told my friends not to join. Just to hear about their sudden fall.
Accept my sympathy for people who were affected.
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Unfortunately cryptocurrencies or should I say, a lack of crypto knowledge is used to get around legal issues. Ie how do we get around registering securities? Just get people to pay in bitcoin... this only works for a short time and only because people are not familiar with the laws around it eventually catches up and people get caught out.
Follow the laws and do the right thing regardless of whether something is purchased in fiat currency, cryptocurrencies or bananas
Next to no sensitivity for the individuals who misfortune cash.It was simply so clear to me from the begin that it was a trick. , it may not be strange to the point that bitconnect is as yet going solid .I attempted to caution such a large number of individuals of this trick, yet all I would get is despise.
not only are some people hoping that bitconnect will continue they are actually buying into bitconnect x wich is the new ico....unbelievable you can still find people on youtube promoting bitconnct x.
people comited suicide over this bitconnect stuff. i wrote an article about self regulation in the crypto space if we do it big brother wont over regulate.
one thing for sure they did one hell of a video to promote this scam