Topic: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency - page 170. (Read 384600 times)

Today they might be green, but it changes every hour, so this is irrelevant as market has it's own life...

If bid price is lower and we have more buyers, than sellers need to move price to it, so the price drops... If buyer's don't want to buy BCC at higher price and there are fewer sellers than, if they want to get filled, they need to go to last bid price...

If there will be more sellers and decide we will not sell under that price than buyers will have to go to last ask price and price will go up and so on and on...

This is normal market logic. It only shows that more people wan't to buy cheap than to sell high. So this means people selling are happy with what they have and take profit as is now.

Because if Bitconnect don't buy them, no one else will, and then the price will crash (more supply than demand). Eventually there will be a point where the buy backs aren't sustainable and Bitconnect stop buying their own coins back. then the price dives.

Then why are the BUY orders outnumbering the SELL orders by TEN times!? Have you ever seen a market where there is 10 times as much demand to buy than sell, but the market goes DOWN??? The buy orders are phony. Fugazi.

80-90% of the top 100 coins are GREEN today. https://coinmarketcap.com/all/views/all/

This is normal in the coin markets, but don’t worry everything will be alright. Good luck bitconnect.

best regards


Okane Satoshi

If the BCC price is lower, then Bitconnect don't have to buy those BCC on the exchange with as much BTC. They still have to buy it back though, so effects their BTC reserves. If they don't put the big buy orders up on the exchange then the BCC price would plummet. The price they pay is that their reserves are depleted slightly but the show goes on.

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Another way to say this, from the lender point of view is that for a lending investor bringing BTC coin into Bitconnect, the lower that Bitconnect price for  ฿0.02108357 (example Bitcoin Price) is: the more BCC coins the investor gets at the US$ Price when converting and lending. But, if the Bitconnect price drops and drops more after lending then when converting back to BTC to take gains to your private wallet your interest % gains will be diluted and get less BTC out of your BCC.

Again this doesn't make sense... Why would they buy back their own coins? How do you know those orders are from Bitconnect? People are selling and taking profit before New Year that is all. Once people sell more than they buy the price drops, this is all normal... If you look at the market today it is all in red... It's not only BCC, but all are dropping except for BCH and few others...

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Today, the futures market game for the big players "market makers"  is to short GBTC fund, buy futures and sell BTC coins and blindly invest into any,  Bitcoin cash, Ethereum, Bitcoin Gold, Monero, Ripple etc. These coins have been moving 20% to 45% on a daily basis "The exchanges Pumphouse"  while BTC keeps getting sold 10% on a day. In the past week, it is almost a winning game to sell BTC and buy any other coin.  Except I do not do it because the minute I do then the market takes the opposite reaction, just waiting for me to change the course! . . . I suppose at some point the other coins will have been overbought and maybe it will flow back to BTC coin, but this move may be restrained by the futures contract dates?

In any event, even though Bitconnect has maintained good site order and still pays an interest, although the margin is getting smaller, these past two weeks have not been as special for BCC and BTC coin holders. Today AM:

Currencies   Price (KR₩)       Change (24h)
 
Bitcoin Cash   4,642,500          21.39%  up
Bitcoin           20,799,500   1.47%   down
Ripple           1,050          18.11%  up
Ethereum           1,051,700           8.39%   up
Ethereum Classic 51,000         10.80%   up
Bitcoin Gold      778,000          38.93% up
 
Currencies   Price (₩)   Change (24h)
 
Litecoin         400,696         2.63%    down
Dash            1,844,325       26.70%    up
Monero       584,616       26.89%    up
Zcash       853,960      12.52%     up
Augur       119,171       2.23%      up
Steem         4,333         28.14%    up
 
24 Hour Volume (₩)


OUCH.

Again this doesn't make sense... Why would they buy back their own coins? How do you know those orders are from Bitconnect? People are selling and taking profit before New Year that is all. Once people sell more than they buy the price drops, this is all normal... If you look at market today it is all in red... It's not only BCC, but all are dropping except for BCH and few others...

Yes, this was the case for a long time as the amount of people investing was far larger than the amount of people withdrawing. The higher the BCC price the more BTC people handed over.

Now, theres a shift towards a higher ratio of people SELLING their BCC...

If the BCC price is lower, then Bitconnect don't have to buy those BCC on the exchange with as much BTC. They still have to buy it back though, so effects their BTC reserves. If they don't put the big buy orders up on the exchange then the BCC price would plummet. The price they pay is that their reserves are depleted slightly but the show goes on.

If you look at the exchange, you'll see very larger BUY orders (Bitconnect) in the order book, while the sell orders are SMALL (Bitconnect users). The User sell orders slowly eat away at the LARGE buy orders. As these are slowly eaten away, Bitconnect add more buy orders in large bulk orders to slow the sliding BCC/BTC price. But critically, they allow it to slowly move DOWN. Every now and then a User comes along and buys a some BCC which will temporarily bump the price up. Once that order fills, the price slams back down to where the larger orders are waiting.

I think we are currently witnessing its last breath. Or maybe we are even beyond that... The end of the year and the price movements suggest that this would be a good moment to exit. If I'm wrong I suspect there will some major adjustments during January and they will try to milk it more in 2018 and exit in Q4 2018. Or maybe I'm even totally wrong and this isn't exit scam

I am quite amazed that the BCC price can go down. I never thought that was even possible if they controlled the majority market themselves.

Btw. not invested in this and never will be. The recent price movements just puzzles me.

When do you think we can hit the $400 mark again? Seems to be going down after that good momentum. I still hold 4BCC and will keep it until 2018

This is their destiny ...

Bitconnect coin came out at .16 cents January 2017. The price is now around $360.
This is their roadmap for 2018: https://bitconnectcoin.co/roadmap-2018

WTF does this mean

And here's a Newbie retard offering his services to BitConnect.

Hey, retard, if they don't reply, offer your prowess to Google, Amazon and eBay.

If you reach more than $ 200 coin up space will be blocked, because the need for great good news to pull up, and BCC online cooperation news is too low, and never know

If debit card is Visa or Mastercard it can be used in any place that is supported by them... Just like tenx. You can check the video to see how tenx is used: https://www.youtube.com/watch?v=OMFzTWIiVmM

This doesn't make any sense... If they want to do that, than they need price BCC/BTC to be higher, so they get more BTC from selling BCC...

They want the BCC/BTC price as low as possible so when people decided to run form BCC and start selling, they don't have to let go of as many BTC.

They can easily do this because they own the majority of the coins themselves and also own the exchange. They have full control. The price is doing just what they want.

You cant use it cause its a scam and they are just fishing out more money to pay the fools who thinks this is legit.

 A casino like trading how BTC is being dumped to buy other cryptos like BCC, BTG, ETH etc. I guess action precipitated with futures to justify the BTC drop and increase trading future profits in the process. Bitcoin cash almost 64% every day!? It is tempting to follow the move but the minute I do it goes opposite like a curse. I would like to invest more BTC into BCC but I was waiting for EthConnect to fix their problems and diversify there. It seems that Bitconnect may be behind EthConnect as their white paper, websites are almost identical?

BitConnect BCC is now near 0.0208 BTC and heading down, I wonder why when all cryptos are moving up.