Topic: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency - page 100. (Read 384600 times)
Again, the lending wasn't a Ponzi
It was a ponzi. They advertised unrealistic return rates and last bagholders didn't get their money back. Your mental gymnastics can't change that fact.
Very good your analysis I would add an additional reflection the behavior of the currency was affected by a series of information and decisions made by the organizing group that by dropping the coins all at once made an effect so strong that the panic motive some to sell for fear of losing their money however in 24 hours had a rebound such that no one could believe it despite all the information surrounding the currency there are people who continue to buy what that means, for me behind the coin there is a large community that struggles which defeated warrior to get up and continue before all the difficulties is the essence of the cryptomonedas and the reason why this system came to stay the value we give each one of us why I insist that the greater the control of the panic, the greater the profits will be. Only one payment system for loans will be finished, but there is a great community behind the coin. It has nothing to do with anyone and it has been growing for a long time where its bitconecct belongs to it and treasure it as something valuable
And when you buy something it is because for the buyer you have value if no one else bought the currency more than ever, it is evident how it has fluctuated in the last 24 hours, no one would have thought about it, it is easy to talk when you do not invest anything and it is easier criticize, but it is well known that the one who does not risk or win or lose, is only the fact of allowing this currency to survive this hard time for which it has passed and wait for its performance I would like to ask respect for all of us who lost money for this situation and allow us to continue please stop giving a negative opinion about the currency and what has been done, however it does not stop going up and down for those who think that the value of the currency was only for the exchange they are wrong for my voucher much more and they can say that I am crazy but I do not plan to sell it until it recovers its real value and not this value product of panic, if the currency reaches zero that is my problem if the coin rises that is my problem ema but come to this forum to talk and predict results without any respect for those we have lost and even worse waiting for us to lose more trying to influence the decisions of those who hold the coins and did not change it despite the disaster in the fall of the price but rather they bought more because we know what is worth for each one of us I do not accept it enough is already spoken of more if it was ponzi yes or no.
I can add that the exchange of currencies is working if it were true that the model is a ponzi model since only the dust in the price of the currency existed, however, it still struggles to maintain itself and little by little recover those that represent bitconecct only by the simple The fact of charging the commissions for the exchange generate an important income because I think that this forum on this topic should be used to find solutions to the problem. Those who have expressed negative opinions invite you to use your brain in something productive to make proposals in order to help to recover the price of the coin instead of continuing to add fuel to the fire as it is seen that from the fallen tree everyone always wants to make firewood but let me tell you something only to the tree that bears fruit stones.
It occurs to me that to take the first step I will give my proposal on this matter and I ask anyone who agrees to do the same thing that I propose solutions and who does not agree well no matter how I understand that harmful people are always they enjoy the evil of others, here is my proposal that the product generated by the exchange commissions of the bitconecct site will create a fund to invest in the same currency to help it raise the price and with the profits go back to each one of the holders of coins at the time of the disaster that happened, at least serve to pay the real capital so they are in bitconecct currencies so those who want to continue with the coins continue and whoever wants to sell or throw them away does so but little by little people recover by at least its capital.
If this applies I assure you would give a super value to the currency since this way there would be a mechanism to recover the value of the currency progressively and so the interest that was what caused this disaster no government would have the possibility of block the actions of the site, because in a certain way a sustained benefit is being obtained over time and I can assure you that in less than 180 days only with this small action the price will tend to be the real price and not the current price that I call it a panic price
To conclude the fall of the price of bitconecct for me is not more than an attack to the system of the cryptomonedas and must serve as a lesson to learn that this does not happen again, it could be said that it is time to go studying mechanisms that can use the developers of cryptocurrency projects that allow the stock of funds that could be defined as attack prevention funds, to protect what is coming. Do not be so naive that 100 years of world domination with the fiat coins, those behind this are going to let their slice off so easily and there are several announcements regarding the subject of regulations, controls Etc. Besides the announcements of some whales that have turned their eyes towards what would be called the new era of money to make them fall when they want the price because the world has not finished understanding the operation of the value of the cryptomonedas for an example this month were paid bitcoin futures that chance as the price has fallen and after the payment of these futures as I change the picture just to mention an example that for me is out of the obvious in the end all this that serves as a reflection for instead of mocking the evil outside we think that tomorrow could be anyone who instead of dividing us serve to join forces cryptomonedas are an ecosystem that is just being born and it is necessary to take care of ourselves others and it is much the way we must travel I want you to remember this thought of the man who freed 5 nations says something like that more or less have dominated us more by ignorance than by the use of force think only for a moment what is the objective of destroying trust, that people desist from the idea of being free that we do not need any kind of intermediation, that we do not need anyone printing papers that are not worth anything in order to remain slaves forever in a system that has been shown to be inefficient but Only a few control the time has come for a deep reflection I humbly ask you to only think about the fact of losing confidence in what we are doing I do not even want to imagine having to spend not 100 but 1000 years for another satoshi nakamoto to appear with a excellent idea to rid the world of the plague that has been living gentlemen identify the real enemy in time I just say that greetings
Again, the lending wasn't a Ponzi
It was a ponzi. They advertised unrealistic return rates and last bagholders didn't get their money back. Your mental gymnastics can't change that fact.
Whatever the circumstances may be !! But at last its a scam & the game over now..... 
Hey, thanks, bud, wondering if such exist. Can't believe that Bruce truly fucked over his friend in that way.
Hey, I'd say it's time for a new vid consisting of reversing the roles where the lead is Bruce's friend who didn't invest in BCC.
ANOTHER BAD ARTICLE IN BITCOIN NEWS ON BITCONNECT AND BITCONNECT X:
https://news.bitcoin.com/not-content-with-scamming-1-5-billion-bitconnect-wants-another-500-million-for-its-ico/
It mentions about the $150 offer per BCC if investors buy their new BCCX coin. But it does not mention that Bitconnect was down to its lenders while BCC price tanked to $20 and when it finally open lenders, had to pay $363 to redeem their lending wallets when the price of BCC was only $20. BCC lending customers got less than 10% of their lending wallets. The $150 offer to buy BCCX coin is not really doable as there are no coins to buy sold out every day and if you take the coins out of bitconnectX they are only worth $24 now.
Anyway, it seems that Bitconnect X is also a bad deal with their lending being centralized UK and the coin is not open source like bitcoin or ethereum, etc.
https://news.bitcoin.com/not-content-with-scamming-1-5-billion-bitconnect-wants-another-500-million-for-its-ico/
It mentions about the $150 offer per BCC if investors buy their new BCCX coin. But it does not mention that Bitconnect was down to its lenders while BCC price tanked to $20 and when it finally open lenders, had to pay $363 to redeem their lending wallets when the price of BCC was only $20. BCC lending customers got less than 10% of their lending wallets. The $150 offer to buy BCCX coin is not really doable as there are no coins to buy sold out every day and if you take the coins out of bitconnectX they are only worth $24 now.
Anyway, it seems that Bitconnect X is also a bad deal with their lending being centralized UK and the coin is not open source like bitcoin or ethereum, etc.
This scam went down hard. Looks like more of exit strategy than what bitconnect devs put on their website as cease & desist order, bad press and ddos attacks.
Scams will of course get bad press as prominent crypto community members including Buterin has warned. And those unlucky to have put their BTC in their own exchange flocked to get their "investments" out of their site. Unfortunately they'll find out that they will get BCC tokens which have drastically gone down in value.
BTC wroth $10010 exchanged to BCC (when rate was say 400$); scam exposed and exit from devs give 1 BCC = $150; $10010 ends up with 66.73 BCC; which value then crashed to say $25 ($7 at lowest in the week). Ends up with $1668. Ouch that's a huge loss for those gullible enough to put their eggs on it. But huge gain for the BCC devs since they've got the BTC.
Scams will of course get bad press as prominent crypto community members including Buterin has warned. And those unlucky to have put their BTC in their own exchange flocked to get their "investments" out of their site. Unfortunately they'll find out that they will get BCC tokens which have drastically gone down in value.
BTC wroth $10010 exchanged to BCC (when rate was say 400$); scam exposed and exit from devs give 1 BCC = $150; $10010 ends up with 66.73 BCC; which value then crashed to say $25 ($7 at lowest in the week). Ends up with $1668. Ouch that's a huge loss for those gullible enough to put their eggs on it. But huge gain for the BCC devs since they've got the BTC.
That article and your response both show a complete lack of understanding of how it worked. BITCONNECT NEVER TOOK ANY BTC AFTER THE ICO OVER A YEAR AGO. People were buying and selling the BCC and BTC FROM EACH OTHER one way (sell BCC) to cash out and the other way (buy BCC) to lend and some may have also just have traded the coin. I suspect bitconnect also should have tried to profit on the exchange too (apart from the normal 0.25% exchange fees on volume traded - which wasn't small each day and in the millions of dollars).
Some might say this is the same as the 'greater fool' or bubble theory and they just expected someone else to pay a higher price and didn't care what they paid for the BCC but have you seen how the financial system and housing market operates lately?
Again, the lending wasn't a Ponzi as bitconnect always paid less interest than the growth of the coin so they made extra BCC coins from it not less (which is all they dealt with - it was just a convenience that they had their own exchange and accepted BTC deposits- others like Polynetwork started with just an external exchange and didn't accept BTC after the ICO but they now have an internal exchange too).
Crypto is just amazing.. This shit is still above $25 and will hold so for weeks I guess...
CryptToad, your prose style reads familiar. Have we rapped with one another before? This is Gleb Gamow aka Phinnaeus Gage aka Bruno.
Quote
I admonish myself for cast pearls into swine muck.
I'm glad it's salvaged by you, Gleb. I believe this is our first aquantance.
I just loathe to see history interpreted & rewritten by survivors who risked nothing. Its easy to call defeated humans war criminals. For all i know there was a bot, and owners were JFK'd, by the same group that sank the titanic to insert the Federal Reserve under the ribs of western civilization.
What's the percent return of BTC sprinting from $2k to 20k then back to 10k? 1% a day is not surprising. A lot of home based server bot users claim more % daily.
Life is generally horrible enough. Then there's catastrophe chasers strafing lifeboats here for kicks.
When disaster wiggles their vacuous conscience they voluntarily strike to action like craven trap door spiders.
Contemporary waifs raised by Hollywood contemptuous pinciples wander eforums reaching to inflict injury upon anyone within intellectual sphere of their zombified humor.
"Survival of the Rapist" gene programming toggles full on, to compensate for their foul minded shriveled synapses where compassion normally exists, launching them autonomically into regurgitating demoralizing attacks upon those who inadvertently tingled their deadened empathy nerve.
Basically empathy-eunuch jerks, sculpted so by genetic flaw & garbage media diet, punch out @ any victim & every situation that 'hurts them in the feels'.
I'm glad it's salvaged by you, Gleb. I believe this is our first aquantance.
I just loathe to see history interpreted & rewritten by survivors who risked nothing. Its easy to call defeated humans war criminals. For all i know there was a bot, and owners were JFK'd, by the same group that sank the titanic to insert the Federal Reserve under the ribs of western civilization.
What's the percent return of BTC sprinting from $2k to 20k then back to 10k? 1% a day is not surprising. A lot of home based server bot users claim more % daily.
Life is generally horrible enough. Then there's catastrophe chasers strafing lifeboats here for kicks.
When disaster wiggles their vacuous conscience they voluntarily strike to action like craven trap door spiders.
Contemporary waifs raised by Hollywood contemptuous pinciples wander eforums reaching to inflict injury upon anyone within intellectual sphere of their zombified humor.
"Survival of the Rapist" gene programming toggles full on, to compensate for their foul minded shriveled synapses where compassion normally exists, launching them autonomically into regurgitating demoralizing attacks upon those who inadvertently tingled their deadened empathy nerve.
Basically empathy-eunuch jerks, sculpted so by genetic flaw & garbage media diet, punch out @ any victim & every situation that 'hurts them in the feels'.
This is the user I was thinking of - https://bitcointalksearch.org/user/loupgaroux-41159 - albeit I'd say his account has been hacked given his writing style has changed considerably downward from his last post in 2012 to subsequent posts starting in 2017.
Sounds like one of those essay writing bots that just regurgitate grammatically correct sentences with big words that sound intelligent but on closer analysis is just gobbledygook.
Might be some auto insult generator product in there too....
Wallet fully sync, but balance zero, any idea?
Ty
Ty
wallet not sync
cant help me node add bcc for win wallet
cant help me node add bcc for win wallet
I can understand the despair of the people, what I can not understand is that BCC continues to be bought and that people sell their houses to buy it...
People were crazy to sell their houses when BCC didn't crash. But anyone selling their houses now to get into BCC, LOL! I don't know what to say about them
They are hoping that it is still profitable and bought it while cheap, it's a big gamble for them I don't know if it's going to pay off, it's better to invest in cloud mining than investing in Bitconnectcoin again, it will soon drop to $1 now that lending platform is not existing anymore.
This scam went down hard. Looks like more of exit strategy than what bitconnect devs put on their website as cease & desist order, bad press and ddos attacks.
Scams will of course get bad press as prominent crypto community members including Buterin has warned. And those unlucky to have put their BTC in their own exchange flocked to get their "investments" out of their site. Unfortunately they'll find out that they will get BCC tokens which have drastically gone down in value.
BTC wroth $10010 exchanged to BCC (when rate was say 400$); scam exposed and exit from devs give 1 BCC = $150; $10010 ends up with 66.73 BCC; which value then crashed to say $25 ($7 at lowest in the week). Ends up with $1668. Ouch that's a huge loss for those gullible enough to put their eggs on it. But huge gain for the BCC devs since they've got the BTC.
Scams will of course get bad press as prominent crypto community members including Buterin has warned. And those unlucky to have put their BTC in their own exchange flocked to get their "investments" out of their site. Unfortunately they'll find out that they will get BCC tokens which have drastically gone down in value.
BTC wroth $10010 exchanged to BCC (when rate was say 400$); scam exposed and exit from devs give 1 BCC = $150; $10010 ends up with 66.73 BCC; which value then crashed to say $25 ($7 at lowest in the week). Ends up with $1668. Ouch that's a huge loss for those gullible enough to put their eggs on it. But huge gain for the BCC devs since they've got the BTC.
I've heard this one with MintPal, Mt.Gox, and now BitConnect.
If it looks like a duck, walks like a duck, and quacks like a duck - it's probably a Ponzzi Scheme
If it looks like a duck, walks like a duck, and quacks like a duck - it's probably a Ponzzi Scheme
fck that, Mintpal and Mt.Gox were providing actual service "exchange" unlike bitconnect it was a ponzi from the beginning.
hahahaha
I read this article Not Content Scamming $1.5 Billion, Bitconnect Wants Another $500 Million for ICO
Meet the New Boss, Same as the Old Boss
It was no secret, prior to its collapse, that Bitconnect was running an ICO. Its Bitconnect X website has been accepting contributions since January 10. When Bitconnect closed its doors a week later, after its original website had been offline for days, it was assumed that Bitconnect X would follow suit. After all, no one would be gullible enough to get fooled twice, surely. Apparently so. Not only is the Bitconnect ICO going ahead as planned, but investors are actively throwing money at it.
When Bitconnect announced that it was closing its lending platform on Wednesday, $1.5 billion worth of value was wiped off its market cap in less than two hours. Those losses weren’t borne by the company though – it was ordinary investors who were left out of pocket. Bitconnect’s execs were doing just fine, sitting on the stash of bitcoin they’d pocketed from investors in the months prior. But then, as Twitter traders eagerly watched to see the first altcoin drop to zero in real time, something strange happened. BCC stopped falling and started to climb.
The Ponzi Scheme That Just Won’t Die
On January 17, BCC was the worst performing cryptocurrency on Coinmarketcap. Incredibly, 24 hours later, it was the best performing coin on the site, up 410% in 24 hours to reach $43 a token. This revival will have been of little consolation to investors, who were still heavily in the red. Nevertheless, it showed that against all reason, people were still buying the coin. In the past 24 hours, $18 million of BCC has been traded and a coin that was written off as being utterly worthless is now changing hands for $28.
this is the most comic ponzi scheme ever
I can understand the despair of the people, what I can not understand is that BCC continues to be bought and that people sell their houses to buy it...
People were crazy to sell their houses when BCC didn't crash. But anyone selling their houses now to get into BCC, LOL! I don't know what to say about them
Now that BCC doesn't offer lendig, they should give the trading bot access to all BCC users, so users can trade and get 1% daily and recover the loss For example if you have 1 BCC u get 1 bot on 1 exchange... That way BCC coin has value and they proove the lending was real... If not than it was well organised scam...
For example if you have 1 BCC u get 1 bot on 1 exchange... That way BCC coin has value and they proove the lending was real... If not than it was well organised scam... I can understand the despair of the people, what I can not understand is that BCC continues to be bought and that people sell their houses to buy it...
People were crazy to sell their houses when BCC didn't crash. But anyone selling their houses now to get into BCC, LOL! I don't know what to say about them
Can we still PoS Bitconnect coins?
Yes, you can still stake BCC coins. In fact, the network weight is really increasing so a lot of people are staking at the moment. I think people realize that BCC coins can be rebranded and used for something else in the future. It has a worldwide following and interest. Bitconnect would have kept going if not for all the jealousy, DDoS attacks and bankster/govt attacks on it. The establishment just does not want the little guy to stop being a wage slave, so they can keep a stranglehold on them.
GTFO with this marxist conspiracy bullshit. This scam failed because it's a scam.
So true. This was a ponzi scam right out of the gate! I hope the authorities can track down the perpetrators that ran this scam and also go after some of the biggest ponzi pimps that scammed others into it!
According to Team BitConnect, supposedly they've received cease and desist letters from two US states, and if true, which I believe is a lie, part of their exit strategy, then some entities have their vitals.
Everyone should do their due diligence and research before speaking out or investing in anything, and that includes the former Bitconnect users/loaners. However, I "suppose" Amazon and other companies should cease and desist from having "affiliates" as well?
https://www.ssb.texas.gov/news-publications/4-billion-crypto-promoter-ordered-halt-fraudulent-sales
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