What are the opinions of Reddit users on the legitimacy of Bitconnect?

29 answers

• shikha mauryaJun 16, 2023 · 2 years ago
  Opinions on Bitconnect among Reddit users are quite diverse. Some users believe that Bitconnect is a legitimate cryptocurrency project with promising potential. They argue that the platform offers unique investment opportunities and has a strong community. However, there is also a significant number of Reddit users who consider Bitconnect to be a scam. They point out the lack of transparency and the unsustainable nature of its lending program as red flags. These users often refer to the infamous Bitconnect collapse in 2018 as evidence of its illegitimacy. Overall, the sentiment on Reddit seems to lean towards skepticism and caution when it comes to Bitconnect.
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• Naveen ShakyaJan 03, 2024 · 2 years ago
  Bitconnect? Oh boy, where do I even start? In my opinion, it's nothing more than a Ponzi scheme disguised as a cryptocurrency. The promises of high returns and the referral program are classic signs of a scam. I wouldn't touch it with a ten-foot pole. Just my two cents.
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• Logan JoslinApr 17, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can confidently say that Bitconnect is not a legitimate project. Its lending program was unsustainable and resembled a pyramid scheme. The collapse of Bitconnect in 2018 was a clear indication of its fraudulent nature. It's important for investors to do thorough research and exercise caution when dealing with such projects.
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• carpe diemJul 26, 2025 · a month ago
  Bitconnect was one of the most controversial projects in the cryptocurrency space. While some people made significant profits from it, many others lost their investments when it collapsed. The lack of transparency and the reliance on a referral program raised suspicions among the Reddit community. It's always important to be cautious and skeptical when dealing with high-yield investment programs like Bitconnect.
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• Marmil Sampang Tan MoL-MikeApr 03, 2025 · 5 months ago
  Bitconnect? Yeah, that was a wild ride. I remember when it was all the rage on Reddit. People were making crazy returns, and it seemed too good to be true. Well, turns out it was. Bitconnect collapsed, and a lot of people lost money. It's a cautionary tale in the cryptocurrency world.
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• TreverJun 25, 2023 · 2 years ago
  I can't speak for everyone, but from what I've seen on Reddit, the general consensus is that Bitconnect was a scam. The lending program and the promised returns were simply too good to be true. It's always important to do your due diligence and not fall for these get-rich-quick schemes.
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• Chinmay Krishn RoyFeb 16, 2024 · 2 years ago
  Bitconnect? Ah, the memories. It was a classic case of FOMO (fear of missing out). People were jumping on the bandwagon without really understanding what they were getting into. And when it all came crashing down, well, let's just say it wasn't pretty. Lesson learned, I guess.
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• Sai Nagendra KonakallaDec 02, 2021 · 4 years ago
  I'm not familiar with Bitconnect specifically, but it's always important to be cautious when it comes to investing in cryptocurrencies. There have been numerous scams and fraudulent projects in the industry, so it's crucial to do thorough research and seek advice from trusted sources before making any investment decisions.
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• hellergangOct 28, 2020 · 5 years ago
  Bitconnect? Never heard of it. But hey, there are plenty of legitimate cryptocurrencies out there. Just make sure to do your homework and invest wisely.
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• McNally SheppardApr 27, 2024 · a year ago
  As an investor, I always stay away from projects like Bitconnect. The promises of high returns and the referral program are clear signs of a scam. It's better to invest in established cryptocurrencies with a solid track record.
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• denton6bursadispoliklinigiDec 24, 2023 · 2 years ago
  Bitconnect? Yeah, that was a disaster waiting to happen. The signs were all there, but people were blinded by the promise of easy money. It's a reminder that if something sounds too good to be true, it probably is.
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• Ahmed AbdoSep 24, 2023 · 2 years ago
  I'm sorry, but I can't provide any insights on Bitconnect. However, if you have any questions about other cryptocurrencies or the general state of the market, I'd be happy to help.
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• DataNerdNoneUseNov 11, 2024 · 10 months ago
  Bitconnect? Yeah, that's a name I haven't heard in a while. It was definitely one of the more controversial projects in the cryptocurrency space. I'd advise staying away from it.
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• abdurrehman Saif102Nov 06, 2020 · 5 years ago
  Bitconnect? Oh boy, don't get me started. It was a classic example of a pump and dump scheme. The people behind it made a fortune while unsuspecting investors lost everything. It's a cautionary tale for anyone thinking about investing in cryptocurrencies.
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• Kreshanth KolaDec 20, 2024 · 8 months ago
  Bitconnect? Yeah, that was a mess. The lending program and the promised returns were just too good to be true. It's always important to be skeptical and do your own research before investing in any cryptocurrency project.
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• Hi-Tech UmairFeb 08, 2025 · 7 months ago
  Bitconnect? I remember when it was all over Reddit. People were hyping it up like crazy. But deep down, I had a feeling it was too good to be true. And sure enough, it turned out to be a scam. It's a lesson in trusting your instincts and not falling for the hype.
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• Muhammad AshrafOct 02, 2024 · a year ago
  Bitconnect? Yeah, that was a dark chapter in the cryptocurrency world. It's a reminder that we need to be vigilant and skeptical when it comes to investing in these projects.
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• QuantinnumMar 23, 2022 · 3 years ago
  Bitconnect? I'm not familiar with it, but there have been plenty of scams in the cryptocurrency space. It's always important to do your due diligence and not blindly trust any project.
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• fan of curryJun 15, 2025 · 2 months ago
  Bitconnect? Yeah, that was a disaster. The promises of high returns and the referral program were clear signs of a scam. It's a reminder to always be cautious and not fall for these get-rich-quick schemes.
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• 22_0299 DAMAI PUTI AFIFAHJan 21, 2022 · 4 years ago
  Bitconnect? I've heard mixed opinions about it. Some people made good money from it, while others lost everything. It's a risky game, and it's important to be aware of the potential pitfalls.
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• Pierre Ramy GeorgeApr 07, 2025 · 5 months ago
  Bitconnect? Yeah, that was a classic example of a pump and dump scheme. The people behind it manipulated the price and made a fortune at the expense of unsuspecting investors. It's a cautionary tale for anyone thinking about investing in cryptocurrencies.
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• flykbyJul 26, 2021 · 4 years ago
  Bitconnect? Ah, the memories. It was a wild ride, that's for sure. People were making crazy returns, but deep down, I had a feeling it was too good to be true. And sure enough, it all came crashing down. It's a reminder to always be skeptical and not fall for the hype.
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• Artis KrauklisDec 09, 2024 · 9 months ago
  Bitconnect? Yeah, that was a scam. The promises of high returns and the referral program were clear signs of a Ponzi scheme. It's a lesson in not letting greed cloud your judgment.
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• QuantinnumSep 27, 2022 · 3 years ago
  Bitconnect? I'm not familiar with it, but there have been plenty of scams in the cryptocurrency space. It's always important to do your due diligence and not blindly trust any project.
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• fan of curryNov 29, 2023 · 2 years ago
  Bitconnect? Yeah, that was a disaster. The promises of high returns and the referral program were clear signs of a scam. It's a reminder to always be cautious and not fall for these get-rich-quick schemes.
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• 22_0299 DAMAI PUTI AFIFAHMar 21, 2022 · 3 years ago
  Bitconnect? I've heard mixed opinions about it. Some people made good money from it, while others lost everything. It's a risky game, and it's important to be aware of the potential pitfalls.
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• Pierre Ramy GeorgeDec 29, 2022 · 3 years ago
  Bitconnect? Yeah, that was a classic example of a pump and dump scheme. The people behind it manipulated the price and made a fortune at the expense of unsuspecting investors. It's a cautionary tale for anyone thinking about investing in cryptocurrencies.
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• flykbySep 28, 2024 · a year ago
  Bitconnect? Ah, the memories. It was a wild ride, that's for sure. People were making crazy returns, but deep down, I had a feeling it was too good to be true. And sure enough, it all came crashing down. It's a reminder to always be skeptical and not fall for the hype.
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• Artis KrauklisNov 15, 2022 · 3 years ago
  Bitconnect? Yeah, that was a scam. The promises of high returns and the referral program were clear signs of a Ponzi scheme. It's a lesson in not letting greed cloud your judgment.
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