BitConnect Is Preying on New Investors

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TNW uses cookies to personalize content and ads to make our site easier for you to use. The cryptocurrency community is slowly but steadily growing more suspicious of BitConnect and bitconnect news december dubious business model. Crypto pioneers, including Ethereum founder Vitalik Buterin and Litecoin founder Charlie lee, have spoken up against the bullish Bitcoin investment platform, calling it a Ponzi scheme.

BitConnect really seems bitconnect news december a scam. Anyone who doesn't yet agree with this should watch this video: I've been asked what I think about BitConnect. From the surface, seems like a classic ponzi scheme.

I wouldn't invest in it and wouldn't recommend anyone bitconnect news december to. While this marks the first time Lee has shared his thoughts on BitConnect, Buterin had previously expressed skepticism about the Bitcoin lending platform on other occasions.

Asked about the sustainability of its business model, which roughly offers 1-percent daily return on investments, the Ethereum founder commented that all signs seem to suggest BitConnect is running a Ponzi scheme. In fact, many speculate that neither of these UK registrations are legitimate. An alarming number of the individuals listed as stakeholders in BitConnect appear to be registered with inconsistent addresses and birth dates.

Additionally, Twitter sleuths have since confirmed bitconnect news december some of the purported stakeholders that the details behind their names are indeed not authentic. Cryptocurrency influencers had so far opted to maintain a safe distance from BitConnect and all the Ponzi talk around it, but it all but seems the situation is swiftly starting to change. As I recently argued in another piecewhen mainstream attention is finally shifting to the cryptocurrency market, every little fail could have huge repercussions for the entire market.

Another reason for bitconnect news december is that the stunning popularity of BitConnect has spawned off a number of equally fishy copycat companies, seeking to mimic the business model of the Bitcoin investment platform, but with other currencies.

A new day, a new scam, welcome to crypto Despite all the doubt surrounding BitConnect, the platform has managed to cement its position as one of the twenty leading cryptocurrencies by market bitconnect news december, according to stats from Coin Market Cap. In fact, prior to a re-calculation of its total circulating supply, BitConnect used to be among the bitconnect news december 10 biggest cryptocurrencies by market cap.

One of the ways in which the Bitcoin lending investment platform has managed to maintain its popularity is through its large network of affiliate promoters, defending the platform on YouTube and other social channels — though often without offering legitimate proof in return, other than screenshots of their earnings. Posted by Sam Capizzi bitconnect news december Tuesday, November 7, Published December 1, — December 1, — I follow this rule of thumb: Could not stop bitconnect news december at this!

Mix December 1, —

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The wait is almost over, starting from 1st December, , BCCPAY will start taking registrations and the card ordering will start from 15th December, Since the announcement on 28th October at the Bitconnect Annual Ceremony, there has been a huge buzz regarding this new payment option. Plastic cards will be delivered in weeks. Fees and limits will be clearly posted on the website with two levels of accounts available based on the Identity verification process.

Countries that will be accepting this new smart card will be listed on the order page when the order process begins on 15th December, Nunc placerat mi id nisi interdum mollis. Praesent pharetra, justo ut scelerisque mattis, leo quam aliquet diam, congue laoreet elit metus eget diam.

Proin ac metus diam. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut The Team Bitconnect Read More.. Enter Email ID [[le. Two-Factor Auth Code [[le. Click here to sign up. Enter First name [[re. Enter Last name [[re. Enter User Name [[re. Click here to resend your activation link.

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