Breaking news: bitconnect has closed it's doors.
A State crackdown on Bitconnect spells an end to it's operations
Bitconnects day of reckoning has come: It has announced that it is closing it's exchange and lending operations, after receiving two cease and desist letters from state authorities for unauthorised sale of securities and been unable to protect itself from DDos attacks.
Bitconnect have received a lot of criticism and allegations that they were running a Ponzi scheme by many prominent cryptocurrency advocates including the founder of Etherium and Litecoin. This has made it increasingly hard for them to operate as confidence in their operations and coin has plummeted.
They have issued the following statement on their website.
They state that BitConnect ICO X will continue and that it is not an end to the community. However, it is unclear whether they will be able to regain trust from their community.
RIP bitconnect and RIP all believers, including myself.
Luckily I only invested what I was prepared to lose.
Bitconnect was the example for all lending-platforms.
This Bitconnect scam makes other lending platforms lose all credibility in my opinion,
so I'm afraid we won't see any platform take over unless the platform explains why it could be sustainable.
Anyway I don't see it happening, feels bad.
agree, I put in 150 and was up 600 in reinvesting; nothing that I wasn't willing too lose. sad day though:(
If you have more money willing to lose send it over :-)
I'll send some upvotes your way, just gotta post 👍🏾
This post has received a 4.00 % upvote from @aksdwi thanks to: @sol0mon.
You got a 2.28% upvote from @mercurybot courtesy of @sol0mon!
Site is under repairs
https://steemit.com/vincentb/@marcob/who-am-i
You got a 0.78% upvote from @postpromoter courtesy of @sol0mon! Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!