It Was Only A Matter of Time

Hey guys, so today was the day. As I've been saying for quite some time, Bitconnect is and was a scam and it was only a matter of time until it went down.

I realize that some people made a lot of money through this platform, I only hope for those of you who did that you took those "paper profits" off the table and cashed at least some of that out.

I'm actually very sad for anyone who lost money, I don't like to gloat at anyone's mis-fortune but I've been warning you guys about this for a long time and even went as far as to lose my own money to LaserOnline and BTCHash just to prove to you guys all these programs are scams.

A while back Trevon and CraigJames both faked hacks, I knew at that time it was just a ploy to get their money out, I'm guessing they had inside info this was going to happen so this allowed them to get out and have a reason they got out as opposed to people seeing they were taking their money and running and getting nervous and pulling their money out.

I'm curious to hear from anyone who actually had an account and had money in there. Were you able to login today? Were you able to transfer money out?

Currently the price is sitting at $30, I'm sure it's going to drop lower. This news just came out within the past few hours and I imagine some people in the USA were at work and either weren't aware of this or if they were maybe couldn't access a computer to cash out.

I have a feeling this price is going to slide further. While Bitconnect still says they are going to stick around, my question is for what? The BCC token was a utility token for the Bitconnect lending platform, with the platform no longer existing what utility does it have? Also who would trust Bitconnect at this point.

I feel for anyone who lost money, but at the same time I'm also mad as this gives a bit of a black eye to the crytpo community, and it's also poor timing that while Bitcoin and cryptos are already struggling, this just helps to further the downslide as I imagine the folks behind Bitconnect are dumping all your Bitcoins right now furthering the slide down.

Curious to hear your thoughts? Drop them in the comments section below...