Topic: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency - page 279. (Read 384600 times)

Like I said, I don't think they are a Ponzi and nobody has denied my analysis yet? Bitconnect must have temporarily shut down to protect themselves since the markets were going a bit crazy suddenly.... it seems to coincide with this thread and Gleb mentioning something about possible owners? Who knows... but like I said I think they had a sustainable product with the exchange profits and lending profits (that seemed too good to be true but they actually profited from).

What gives this coin value?
All I ever saw from this was the price going up with no announcements or anything to back it up, just a website and a coin with a high proof of stake.
I bought in early and sold pretty early but I'm glad I got out, I realised the price is inflated and I remember seeing a few of the guys at the top with massive massive amounts of BCC who just looked like they were gonna dump them some day. I guess that's happening now, I feel sorry for anyone who is buying without doing any research...

I think Bitconnect is actually very secure and good. I am not sure exactly why the price dropped so much. Does anyone have any idea why the price has taken such a great fall?

Thanks

everyone know bitconnect is ponzi. some people just greedy they want to make the money. but ponzi you never know when it will lose everything. all time high to zero very quick. goodbye money

what did bitconnect to you that you so mad?

Been trying to deposit bitcoin in novatech exchange to buy some bitconnect tokens that have plummeted but can't even generate a BTC address as they have run out of them it seems lol

Hopefully this is it. This piece of shit ponzishitcoin needs to die.

there is nothing to worry, coinmarketcap only deducted the price from bitconnect.co from their volume
bitconnect will be back up in a minute

Reminds me of rocket scientists who are so brilliant, they're unable to go to McDonald's alone and order a Happy Meal - to have a janitor tag alone so to accomplish the task when the urge comes upon them.

Bitconnect has this message when logging in now:



Maybe the threats on this thread has scared them lol I actually don't think it's a Ponzi though cos they must have been profiting from the USD lending rates and making huge profits too.


Now it has a different page on main screen (a few minutes earlier that message showed when logging in but now on the whole page):

Went to NovaExchange and people are talking on the chat box about it..I don't have an account there so willahave to sign up if I want to buy anything:

Update more people chatting about it lol:

Damn it was down 59% ago i thought I will lose my investment just like that but after refreshing the page this is what i saw
https://coinmarketcap.com/currencies/bitconnect/ $139.93 (9.28%)
0.03224440 BTC (4.40%)

Guys be careful do not put all your eggs in one basket and only invest what you can afford to lose don't trust Bitconnectcoin with all your retirement pay, it looks safe but not 100% safe

Actually, the price is going up on bitconnect to over $152 (10% increase). I think the sudden rise is making coinmarketcap exclude it from its results.. Anyway, I'm going to buy some of their tokens as I am pretty sure they are profiting from the lending (hopefully taking the massive profits into bitcoin or USD for times when they need it and not just holding their extra BCC as they have enough of that already).

update (seems some activity):
$144 on bitconnect exchange at the mo and sometimes the webpage updates and says $0 for both bitcoin and/or bitconnect coin  and coinmarketcap sometimes has the zero value in their results.... not sure if this is common or not for them.

The last time it happen was a long time but I'm keeping my coin and let's see how it's going to go in the next 24 hours this is crypto currency trading and just like all the coins in the market people will dump and people will pump it's up to you to decide where you want your money to go.

Coinmarket cap are excluding the price on their exchange as an 'outlier'. Novaexchange is the one with the low price but not sure why....it might be a good investment. But novaexchange is only a few percent of the trade volume of the bitconnect exchange. Some people say the volume bitconnect report is not correct...who knows....  https://coinmarketcap.com/currencies/bitconnect/#markets

.......but some activity is happening. Anyway as I've outlined that they don't seem to be a Ponzi at the moment, then I don't think they should be hounded as then a lot of people probably will lose money.

Someone just dumping and BCC stops the trading at BCC website. Good time to buy cheap coins.

Which is true? Bitconnect website, 1 BCC = 153.41USD or CoinMarketCap, 1 BCC = 58.06USD ( -54.76% )
Are they running with the money 

Noted @ 11:21pm EST Aug. 24, 2017

You are right in your assumption.
Actually there is nothing called a thin line between crypto currency and a ponzi. If we extend the definition then everything will look like ponzi, Just a case BTC why it is gaining value?? because new members are coming in..so obviously the people like Doodlus who invested earlier will get profit. So what  if people stop using it and bitcoin collapse?? who will lose??
there is no distinction between crypto and ponzi you can always extend the definition as you like, i am a crypto enthusiast and works in police and have seen many cases involving money being ripped from citizens in MLM and ladder schemes.

Crypto is for speculators not for traders.


There are speculators and traders who make markets in things like Bitcoins.  They don't care about the underlying value of anything.  All they care about is the value right now, and the momentum of the pricing.  If something looks like it is going up they buy it, simply on the hope they can sell it for more than they paid and take a profit on the trade.  They don't see the things they trade as having stored value because they intend to spin the transaction very quickly in order to make a fast buck.  Even if value falls they sell, taking a loss.  That's why they are speculators.

Most of us work hard to put a few dollars, euros, pounds, rupees or other currencies into our bank accounts. Most of those dollars we spend on consumption, buying food, utilities, entertainment and everything else we enjoy.   If we have extra money and want the value to grow we invest that money in assets that have an underlying value, like real estate or machinery or companies that put assets to work making things people want.  We expect our investment to grow because the assets yield a return.  We invest our money for the long-term, hoping to create a nest egg for future consumption.

Anyways, i would like to see where this project ends up as i see some good detectives chasing this project now. Lets see if Bruno can take it down or its just his.......

I read all on forbes.

As I pointed out, I think their model is sustainable since they seem to be making profit on the USD loans (not actually BCC loans) so do not need new users to cover it while the price has been going up (their affiliate payments when customers exchange it into dollars and lock away their funds for the variable interest are also ingeniously covered by the BCC coins automatic 8% monthly interest until the customers buy it back with the dollars). They also have massive reserves of BCC tokens from their premine. Not sure how many exactly, but in 6 or 7 months the monthly staking interest would have increased their own stash by 70%!

Found a couple of news stories from earlier in the year to demonstrate this growth: mid-March  2017 price $2


This was just a couple of months later : mid-May price $9



As you know it is now about 14 times this level (around $125+) after three more months so the rate seems to be increasing and they are probably profiting from the customer lending rates and are not losing any cash or needing other investment at the moment to cover the BCC payments due to the demand for their coin and the rise in price. They can easily adjust lending rates to compensate when necessary. Please someone explain where I am wrong on this?


(I've not even mentioned their own exchange where they can probably get a profit on volume traded and they can easily predict this profit for calculating their interest payments etc)

P.S. How do I insert inline images?

http://ukbitcoin.info/faqs/index.php