Topic: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency - page 281. (Read 384600 times)

I totally agree with you. 

Hello
The site is often in error 502 or other, it is not very serious for an exchange site.
So I would like to know why there is so much connection error please?

I tried for about a month to convince people on this forum that this is a massive ponzi. No one would listen. This is a cult, and the only was to convince someone that their cult religion is fake is for it to collapse on its own. I asked some serious questions and thought provoking questions. You can read them here:


This is OneCoin on steroids. There will be huge losses, already approaching a billion. They've starting running ads on Facebook and Coinmarketcap. The only thing that is going to take this down is if the SEC takes action against Bitconnect, since they are already breaking US securities law, or investors start to flee. It's probably part of the reason that Bitconnect is the only exchange to have circuit breakers. Once the run on them begins, they'll stop trading due to "volatility" and more of the newb defenders here will just say "it's expected because...." It's obvious that the price of BCC is manipulated, look how low volatility is on their exchange. No other cryptocoin trades like that. Bitconnect isn't staking your BCCs, they're just selling them on their own exchange to new buyers.

I've pretty much given up trying to push people away from this ponzishitcoin. I can't wait for it to implode though.

So now you know that they control the price and will stop the buy and dump scheme. Why are you still skeptical about BCC? We all know someone or a group of people controlling price of BTC and other coins for transaction fees generated. It doesn't matter where they came from, if they came from the Philippines or in US. We are in crypto world were no gov't is responsible for it. All of us are relies on speculations.

And that 'con' is the thing that makes it somewhat reasonable that they could pay people back assuming tons of reinvestment.  BCC is steamrolling price wise, it's like they're gradually locking in liquidity.  Its a pretty stable coin in that regard.

If you're talking about me having 2 sockpuppets (above), you're sadly mistaken. But if you are, and theymos can verify it, then he has my permission to ban ALL my users accounts on this forum, whereupon my ass would be grass in ALL the crypto space.

If you're talking about one of the other two users, I will weigh-in accordingly if I see what you supposedly see. At the moment I'm at a lost, with apologies.

By the way, I changed the news number to 11 and saw they were initially just a peer to peer lending site with MLM in March 2016...it seemed to let people lend and request their bitcoins back.
https://bitconnect.co/system-news/11/finally-the-waiting-is-over-the-dispatcher-is-switched-on

Moving on to now in August 2017 with an alt coin etc....I don't think their system has much of an inherent problem. The fact that people 'lending' the coin may not even get as much interest as just holding the coin (as evidenced on the exchange) and that they can change the interest payments on this so-called lending means they probably aren't going to have that much problem paying. They can even dump the coins on the exchange so only the coin holders lose out. When the coin holders lose, the lenders win and vice versa. That's how I see it, anyway.

Also, if BCC price starts falling, people will be tempted again to lend rather than hold or sell, which further locks away the coin from being sold and allows the growth to restart etc and remember they can always control the rate of interest for the lent coins so they can actually return them less coins than they lent if the price more than triples in a few months etc.

I was just suggesting that they may not be totally honest on their lending bot. The fact they claim to use it on different pairs (which they might also try) doesn't mean they aren't doing it on their exchange. Is it even possible for them to make money on their own exchange as I think it would be if they knew the likely sell and buy volumes before everyone else? Also the fact they mention volatility on the BCC/BTC pair on their circuit breaker statement is also a clue. It's interesting they already thought of this before any such problem occurred.

Secondly, they started out early last year with no alt coin and were simply a peer to peer bitcoin lending platform (as far as I understand it) but still incorporated the same MLM structure which goes against the Ponzi and pump and dump claims to be honest, as they added all the alt coin stuff more recently and were simply into bitcoin and MLM isn't anything obviously suspect unless you are looking for problems like that (confirmation bias etc). They seem to have come from philippines and you can see photos here of meetings and MLM type promotion (which is totally normal and legal) before anything Ponzi-like existed for them: https://bitconnect.co/system-news/12/first-successful-bitconnect-seminar-by-bc-promoters/  (if you change the number from 12 you can see other news that is mostly hidden now).

Finally, there seems to be a con on their 'bcc lending'. They are not in fact giving you interest on your BCC you 'lent' but on your USD amount. You don't even get your BCC back after the capital release let alone recoup it after 90 days if that is the average time for your daily interest to return your capital unless you make sure you transfer it into BCC as much as possible (say if you invested 1 BCC to lend and the price then triples in three months, you can see how if the interest is reinvested or is kept in the lending account in USD the interest hardly covers this growth and although you will have your investment back they give you only a third of your BCC back going by the USD in the lending wallet if the price triples in that 90 days so you are actually lending the USD amount). So the capital release might technically give you the same USD amount after 6 months or 8 months etc but if the price has tripled you are only getting 0.33 times the BCC you initially 'lent'. Obviously this means that if the price of BCC goes up, the capital isn't really as much of a problem for them to repay as you might think.

it still counts as compounding interest because at the end of the day you still have the money in your lending wallet where the interest for the next day is calculated if you reinvest

2072 is right.

Each reinvestment (minimum $10) is considered a separate loan to the trading bot with its own capital release date.

There will be a lot of transactions in your lending wallet if you keep reinvesting small amounts everyday.

When you reinvest it does add to your initial investment??
There are many YouTubers showing that they every day put the reinvest on their initial investment.

You confusing me bro🤔

I'd just like to point a few claimed "facts" to keep this thread from going into too many divergent conjectures (of course we don't have any proof) :

1. Their trading bot is supposed to be trading BTC against USD and USD against other FIAT and doesn't operate on their own exchange as is stated on their trading bot announcement page:
            https://bitconnect.co/system-news/21/good-news-for-bitcoiners-who-loves-the-profit-the-bitconnect-price-volatility-software-in-place

2. They have a built-in anti-crisis protection system (volatility based circuit breaker):
            https://bitconnect.co/bitcoin-information/27/what-is-volatility-based-circuit-breaker

3. The crazy compound interest calculations often forget to take into account that:
- Each reinvestment is a new one (it doesn't add to the previous one)
- Each reinvestment is locked down for a predetermined numbers of day so that most of the wealth remains mostly virtual and the only "guaranty" is a variable daily interest earning based on your total investment.

Most Ponzi are only revealed in major crisis situations when too many people start selling at the same time but as long as this doesn't happen the Ponzi is a very successful operation that can last for many years...

So what is your opinion?

I'm puttin 1050 usd investing on bitconnect.. i like it and i believe them...
Probably they thought to make a ponzi scheme at the beginning but now... their coin growth they didn't expect this and probably now they are in business and they will continue to do it.

Isn't it possible they could carry on going due to the two methods of earning (one ostensibly in the coin and one out of it)? There are two methods of earning. One is invested in a fixed USD value of BCC and having it locked away and getting high 30% monthly interest (which they can probably actually get from a bot as they will know in advance of other traders on their exchange of the volumes as they will see the pending BTC deposits to them etc that are soon to be used to purchase BCC so they will naturally get their bot to prepump as needed and take profits)...  the other is this staking or 8% monthly interest and declining every 6 months..... people would be tempted at the prospect of being able to withdraw at any time but the latter is the more risky technically cos the coin could crash in value. Maybe they can make it carry on through these crashes and pay back all investors who lent them the coin and are not invested in the actual coin and for only the coin holders to lose out during this crash. Affiliates are probably paid about 10% of all deposits and reinvested deposits but if this bot can make 1% a day from knowing in advance what people move into BCC and from which wallets (moving from the lending wallet to BCC is a sure sign they want to sell and a pending BTC deposit is also a sign a similar buy amount is imminent and so too a pending BCC deposit would indicate a possible sell with less certainty etc and it's interesting how they make people move interest payments into BCC which would need them to move it before withdrawing rather than putting the amount there in the first place as they would prefer reinvestment but also would help such a bot)... then this 1% a day might be doable and they can choose to pay nothing on some days as they have done so already.

Hi guys..
There is a calculator for understand how many coins i can mine and at what speed...

Please explain now the address of the investor, now the people who are here keep asking about it, and maybe I will not be able to help answer all questions they ask and I thank you.

This must be the place to get rich, decentralized cryptocurrency? I joined all the mining pools of this shitcoin and never got any thing, I don't know if anyone

Checked the code line by line to see if they are using a similar trick as asicboost but here we could call it stakeboost? how much does it cost to hire an expert

To see this through? to the people thinking that if a coin is listed on coinmarketcap.com must be a legit decentralized and no scam coins could find their ways

In there you are just the moron deserving to lose your money to make these rich scammers richer, they are counting on you to put your money in this.

When you are a small investor, you think why not using this opportunity to earn money, I used to think the same I used to tell myself there are millions

Trading in volume so my few thousands wont hurt anyone or wont make someone rich, now if 2000 people think the same and invest on this, imagine if you

Multiply that few thousands of dollars in 2000, that's your millions in trading volume. but you should know that you are stealing from unsuspected newbies.

There are two Bitconnectcoin in the list you should first point this out to the thread starter minereum, ethereum and nem currently leads the race but let's see after a few weeks .honestly I voted for waves because this is where all I have most but Bitconnectcoin of course is one of the coin I supported.

Friends! Support "BCC" coin...

https://bitcointalksearch.org/topic/m.21058883
https://bitcointalk.org/index.php?topic=1970875.new#new