We have all been told and known for quite some time that Bitconnect was a giant Ponzi scheme waiting to pop and that day has finally come! Luckily for me myself I wasnt heavily invested and didnt take much of a hit unlike many others I know, some personally who are out tens of thousands of dollars now from Bitconnect announcing the other day that they are immediately haulting their lending and internal exchange due to recent implications from the states of Texas and North Carolina.
Yes this may be the end of Bitconnect for now but it certainly isnt for crypto lending programs in general. Their are still dozens of these lending programs out there and while most have failed or exit scammed people out of their hard earned money their is still a few that are providing decent payouts such as Davorcoin. The famous BItconnect promoters Trevon James and Craig Grant are now running to Davorcoin to save face from the fallout of thousands of angry investors who took their advice of getting into Bitconnect. My advice would be not to lend with any of these programs personally but if you do dont get greedy and get out when you can after the loan period ends.