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Bitconnect 

A cryptocurrency that was largely determined to operate as a Ponzi scheme, reaching a high of about $435 in value during its peak, and hitting a low of $0.89 as of today. Bitconnect has a lending platform with promises of returns that are generally regarded as unsustainable, causing people to argue that the returns are merely based on new funding put into the platform rather than the actual generation of profit. Suspiciously, the founders of this platform are anonymous. The SEC and possibly other U.S. government agencies are investigating this cryptocurrency.
Carlos: "It's a scam!"

"Biiiiiiiiiiiiiiittttcoooooooonnnnneeeeeeeeeeeccccctttttttt!"

John: "I just lost my life savings in Bitconnect."
Bitconnect by Prankster May 18, 2018
Related Words

Bitcoiner 

Joe W: "Bitcoin is a joke!, It's a ponzi scheme! It's like baseball cards and tulip mania all over again".

Bitcoiner: "Bitcoin will reach $100,000 and then we'll see if it's a joke!"
Bitcoiner by Dovetail November 12, 2013

bitchowned 

A further degree of being owned.
Ares is bitchowned by TribalWar.
bitchowned by Brass October 20, 2003

Bitcoined 

The action of being sent a fraction of a Bitcoin by one of your acquaintances, in anticipation of an otherwise normal payment transaction.

“Hey Jimmy did Tim
“Hey Jimmy, did that tight wad Tim ever pay you back the Benjamin’s he owed your ass!?”

“Naw man, he just bitcoined me...fucker!”
Bitcoined by Rog2illa January 23, 2021

bitconnect 

I can't believe bitconnect closed it's website!
bitconnect by Bitconnect Shill January 19, 2018

bitchowned 

act of being defeated by another with relative ease
bitchowned by a farmer with a triple mid-air mine+disc
bitchowned by Anonymous October 23, 2003