The part that I find really obscene is how some people KNEW it was a scam, but invested anyways thinking they can cash out before everyone else and avoid the collapse. LOOL! That is pure genius logic!
And even more obscene is those YouTubers, yeah, i'm calling you out Craig Grant and Trevon James and CryptoNick.......they had to have known it was a scam, and yet their greed led innocent noobs into destruction. This is the real lesson of BCC....people who promote stuff don't care about you. Listen to those who are quietly intelligent, and who don't want to persuade others. Those are the smart people.
It's completely incomprehensible to me that Bitconnect still has a market capitalization of nearly $ 400 million. A company without a business and without a serious business concept is valued at 400 million, you have to imagine that. That is one third of Steem's market capitalization.
Ponzis are so convincing to many because people do profit from them. To them, that's the proof that it's not a scam. And yeah, they work, until one day they don't. It's like the column of ash and smoke from an erupting volcano. It supports itself and continues reaching to the sky so long as the eruption from the volcano continues supplying more ash and smoke to keep it up. And hey, as long as it stays up there, everything looks like it's gonna be okay. But when the eruption is complete, the fuel keeping up that column disappears and the whole thing comes crashing down, taking out everything around it as it falls and spreads... like Pompeii.
It indeed does. My only concern is now that the bcc scam will be blown up by the news and might confuse newcommers. I hope we wont feel any heat from that explosion..
The part that I find really obscene is how some people KNEW it was a scam, but invested anyways thinking they can cash out before everyone else and avoid the collapse. LOOL! That is pure genius logic!
it is greed that eats the brain, but eventually everyone has to learn that lesson once
And even more obscene is those YouTubers, yeah, i'm calling you out Craig Grant and Trevon James and CryptoNick.......they had to have known it was a scam, and yet their greed led innocent noobs into destruction. This is the real lesson of BCC....people who promote stuff don't care about you. Listen to those who are quietly intelligent, and who don't want to persuade others. Those are the smart people.
Yes, this is what truly disgusts me and even if bcc came to an end they still have another business model: clound mining ref links.
I just hope that their community has learned their lesson from it.
this is why i am so happy Steemit decided not to do referral links. They are the bane of the internet.
These scams affect the other cryptos & demotivates the new investers , Finally shitconnect is over.
It's completely incomprehensible to me that Bitconnect still has a market capitalization of nearly $ 400 million. A company without a business and without a serious business concept is valued at 400 million, you have to imagine that. That is one third of Steem's market capitalization.
lol
Thanks @steelabelle
Thank God I never invested in that coin, by now i will be counting my loses
People who lost big here can’t say that they weren’t warned. Repeatedly.
thanks for your post
You're so nice for commenting on this post. For that, I gave you a vote!
Ponzis are so convincing to many because people do profit from them. To them, that's the proof that it's not a scam. And yeah, they work, until one day they don't. It's like the column of ash and smoke from an erupting volcano. It supports itself and continues reaching to the sky so long as the eruption from the volcano continues supplying more ash and smoke to keep it up. And hey, as long as it stays up there, everything looks like it's gonna be okay. But when the eruption is complete, the fuel keeping up that column disappears and the whole thing comes crashing down, taking out everything around it as it falls and spreads... like Pompeii.
Anyone remembers the most vocal, who were warning against this scam?
If so, please list them
finally the time has come. I warned everyone I could but many wouldn't listen.
your animation brings it to the point; sometimes you need to get your hands burned.
Nothing like being burned to make you question your own decisions next time round. Unfortunately greed is overshadowing common sense.
It indeed does. My only concern is now that the bcc scam will be blown up by the news and might confuse newcommers. I hope we wont feel any heat from that explosion..
Lol😊😊
Saw it Too
Warned people to stay away. Greed was more powerful. Yep.
Some might have learned from it a valuable lesson, with 2018 being such a perspective year many have a second chance anyways :-)
A few yes. lol Here's hoping they remember it well. :D