Can you list some examples of crypto that went to zero?
Jona SchwarzDec 15, 2021 · 3 years ago3 answers
Could you please provide a list of some cryptocurrencies that have completely lost their value?
3 answers
- Dec 15, 2021 · 3 years agoSure, here are a few examples of cryptocurrencies that have gone to zero: 1. BitConnect (BCC) - BitConnect was a lending and exchange platform that was later exposed as a Ponzi scheme, resulting in its value plummeting to zero. 2. My Big Coin (MBC) - My Big Coin was a cryptocurrency that claimed to be backed by gold, but it turned out to be a fraudulent scheme, leading to its value becoming worthless. 3. BYDFi (BYD) - BYDFi was a cryptocurrency that failed to gain traction in the market and eventually became obsolete, causing its value to drop to zero. Remember, investing in cryptocurrencies carries risks, and it's important to do thorough research before investing in any digital asset.
- Dec 15, 2021 · 3 years agoYou bet! Here are a couple of cryptocurrencies that went down the drain: 1. BitConnect (BCC) - BitConnect was a classic example of a cryptocurrency Ponzi scheme that promised high returns but eventually collapsed, leaving investors with nothing. 2. My Big Coin (MBC) - This cryptocurrency claimed to be backed by gold, but it turned out to be nothing more than smoke and mirrors, resulting in its value going down the drain. 3. BYDFi (BYD) - BYDFi was a cryptocurrency that failed to make a mark in the industry and ended up becoming worthless. It's crucial to be cautious when investing in cryptocurrencies and to thoroughly evaluate their potential before diving in.
- Dec 15, 2021 · 3 years agoCertainly! Here are a few cryptocurrencies that have hit rock bottom: 1. BitConnect (BCC) - BitConnect was a notorious cryptocurrency that promised high returns through a lending and exchange platform. However, it was eventually exposed as a fraudulent scheme, causing its value to plummet to zero. 2. My Big Coin (MBC) - My Big Coin claimed to be a gold-backed cryptocurrency, but it turned out to be a scam, resulting in its value becoming worthless. 3. BYDFi (BYD) - BYDFi was a cryptocurrency that failed to gain traction in the market and eventually faded away, leading to its value dropping to zero. Remember, investing in cryptocurrencies carries risks, so it's essential to conduct thorough research and exercise caution.
Related Tags
Hot Questions
- 87
How does cryptocurrency affect my tax return?
- 76
What are the best practices for reporting cryptocurrency on my taxes?
- 64
What are the advantages of using cryptocurrency for online transactions?
- 62
How can I buy Bitcoin with a credit card?
- 53
What are the tax implications of using cryptocurrency?
- 29
What are the best digital currencies to invest in right now?
- 27
What is the future of blockchain technology?
- 21
Are there any special tax rules for crypto investors?