Topic: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency - page 288. (Read 384600 times)

there are many factors that make it possible to believe that bitconnect isnt a ponzi

bitconnect has its own blockchain, the price of bitconnect token is going to the moon

those are just 2 things that make it easy to believe that it is possible for them to pay out a small interest of 1% daily

if the core devs just keep selling token it is possible to pay out 1% a day and again look at the volatility and the rise of 90% of altcoins over the past year makes it even more believeable that it is possible

and as far as a ponzi-  every business out there uses money from sales to pay off merchants thats just how business works

if you run a business and you sell something you probably make some kind of deal with a wholeseller that you pay him back after you sold your product- thats just common practice for most businesses - that means everything would be a ponzi

Any proof at all would do. Anything that would convince me that a company guaranteeing impossible returns is running anything but a Ponzi scheme.


This isn't about me. I bought into Bitcoin very early, very cheap. I don't need to try to make money playing Ponzi scams. I'm trying to warn others not to get involved.


I really don't care who the owner is or what he believes in.


No thanks.


Would you like to bet on that?

What proof do you exactly want?

To me it seems people just trying to find any reason to be not succesful

What if is the owner is from a religion you dont like or a country you dont like, you will always find reasons to question any and everything

just drop it you just waste your time

better sign up deposit some money and enjoy like the rest of us that is in on bitconnect

all that searching and investigating is good but trust me it doesnt get you anywhere with bitconnect and you will just bite in your ass in 2 years and tell yourself you should have invested...

Any proof at all would be a good start.

The price of Bitcoin did indeed go up from zero to $4400. That proves nothing about the legitimacy of BitConnect.

At no point did "Bitcoin" promise any returns. Comparing a decentralized coin like BTC with a centralized company like BitConnect makes no sense, and proves nothing.

there are many companys registered that have the name bitconnect
do a google search

the real owner is not known and dont want to be known  and there is definitly not a company registered from the owner of bitconnect

and you link to something you found on steemit. seriously and you take his word? lol

There is a huge mistake in the first link: Bitconnect trading bot IS NOT trading bitconnect coins but BTC with USD and USD with other currencies... as is said on their "Volatility Software" announcement page. However there is still no proof of the existence of this bot.

Here is an extract of the page I just linked:

Here we go !

http://behindmlm.com/mlm-reviews/bitconnect-review-bitconnect-coin-pump-dump-with-ponzi-rois/

https://steemit.com/cryptocurrency/@debugger/who-is-the-real-owner-of-bitconnect

https://beta.companieshouse.gov.uk/company/10278342/filing-history

well you still think getting ripped of is the norm?

why wouldnt it be possible to offer 1% return a day

We lose money in almost everything because of inflation and by paying taxes
so you say this is how the world is supposed to run?

Like I said 1% is very plausible if you look at the daily volatility on crypto markets

Take bitcoin for example it went up from 2009 - today from 4 cent to 4400$ so what more proof do you need to realize bitconnect is very legit?

Change your mindset and question the ones that make you lose money everyday instead of questioning the ones that make you money every day

There is no crypto on the altcoins market officially offering 1% a day except bitconnect. If it is possible for bitconnect "trading bot" managing 1% daily and nobody else can create such bot then I'm sure the creator of bitconnect  should be awarded with nobel prize in economics 2017 ! ... Common guys do you still believe in fairy tales ? The conclusion is : If you are investing in bitconnect do it on your own risk. I wish you luck !

Noone ever lost 1 cent on bitconnect

and they pay out 1% interesst which is nothing if you cmapre to how much money is to be made in the crypto world in general

1% is totally plausible, every coin has a volatillity of more than 1% a day so with the right trading bot its totally possible that he manages to earn a minimum of 1% a day

sorry my bad i ment btc-e was shut down by the gvernment

What do you mean? Are you suggesting that I see BitConnect as competition? I don't care about competition. I just don't like to see people being tricked. If I tell you a gambling game has a 1% house edge, that the odds are stacked slightly against you, then you are informed and choose whether to play or not. On the other hand if I tell you I guarantee you 0.25% interest per day from trading volatility, usually more, at no risk, then I'm lying to you. There is no way I can guarantee such a result. Do you see the difference?

I don't hate BitConnect. I think it is a Ponzi and that lots of people will lose a lot of money to it.

That is why I am warning people about it.

I understand that you're making money referring new victims to it, and that's between you and your conscience. But don't try to make it sound like it's just a "money machine" where everyone gets rich and nobody loses anything. That's just silly.

can guaranteed if youre system can not scam dev

I'm sure they are going to distribute it since they've announced it, just wait for the official announcement when, but I don't think it will hit $1 although the price went down and goes up again we never know if it's going to hit $700 again.

BCH has already been distributed to anyone

they didnt make a big deal or announcement about it, they just paid it out

Support for ethereum and other cryptocurrencies will also soon be enabled on the bitconnect platform
- release of smart card is coming soon (october)
- proof of staking is also working and it will also work offline, you will earn after 15days 8% Intresst on your coin

Bcc will soon be added to poloniex but the team is concerend about funds in case a major exchange gets hacked and bitconnect looses their funds
of course it would be great because of the publicity coming from poloniex but as the recent past has shown exchanges are very vulnerable to attacks so bitconnect relies on their own intern exchange

bitconnect also tries to get many merchants to accept bcc token

Apparently they're supposed to have done it already (can anyone confirm?). Contrary to what I said earlier BCH deposit AND withdrawal is possible. These options only appear in the main Dahsboard and not at the top of the exchange.

About their lending platform and the compound interests, there are a few points to note:
- Each time you reinvest, the invested amount is also locked down for quite a long time especially if the reinvested amount is below $1010 (in that case it's locked each time for 299 days)
- each re-investment is used separately (you can't reach the interest bonuses by reinvesting subsequent small amounts)
- So even if you seem to earn a lot, it's over a long period of time, most of the earned money remains virtual until it's released (one needs to make sure their website will live for that long...)
- The more money you put in there, the faster you can break even or the more you can reinvest:
  I've calculated that to break even on a $1010 investment with a 0.8%+0.1%(bonus) as the average rate it would take about 112 days (it would take only 96 days on a $10010 one due to the bonus interest increase)

One of the most concerning things about bitconnect.co is the absence of any major exchange for trading BCC. If bitconnect.co dies so does BCC. That's very dangerous.

These big interest rates are probably the reason why they favor recruiting small investors, they have much less to pay on a daily basis while holding the investors' money for quite a longer time...

As a precaution I would do the following :
- Invest an amount I can afford to lose
- Transfer the earned $ every day to BCC (so as to benefit from the coin price increase)
- Exchange the BCC for BTC regularly (every week) and transfer them out of bitconnect
- Do this until I break even
- From then on reinvest what I earn every day.

This approach transforms bitconnect into a kind of mining contract for BCC and/or BTC...
If the system proves to be sustainable over time it won't be too late to invest more later.
If it's a scam then I'll still have 'mined' some BTC...

Soon (according to their road map) they are going to implement minting directly in the web wallet (this is strange as this will deter people from running the client to expand and secure the network). This will be yet another way to discourage people from cashing out to btc...

2072 analysis of the BitConnect lending system seems accurate from what I read and researched. I just transferred some BTC to see from my own eyes if this system works. I believe I can make up these BTC within a week... As long as $NEO goes up

In my opinion, here's a few observations

• The daily interest rates are unsustainable over time. I suspect that these will go down to more reasonable level as time advance
• Before investing, you also have to keep in mind that there's a lot of valuation play to consider. BCC vs BTC and BTC vs USD. In a very volatile market anything can happen. So invest at your own risk
• IMO, the most annoying factor I didn't see an option in their app to reinvest your daily interest, you'll need access to a computer same time daily. there are comments that payout hasn't happen on a daily process - TBD **care to comment anyone?** )
• Before investing, you also have to keep in mind that there's a lot of valuation play to consider. BCC vs BTC and BTC vs USD. In a very volatile market anything can happen. So invest at your own risk
• Like BTC, there is a max supply. That makes it interesting
• I doubt BCC will have the popularity of BTC with retailers.
• I doubt the exchange will become a large player.

Questions for members:

• There are comments that interest payout hasn't happen daily, true?
• Is it profitable for miners to mine BCC?
• The million dollar question, what if it forks? 

Conclusion

This could potentially be a good investment but there are many risk factors and unanswered questions that i'd caution anyone that would like to invest to be ready to lose the money they are investing. Yet again, if you are in the crypto market and Altcoins more specifically, it's because you're ready!

When Bitconnect gonna distribute BCH to there users? Are they planning to distribute when the coin is at $1? With the current price at $300 a piece they need to Pull a Rabbit out of the hat from thin Air with a coin on their neck 

I don't know if you are indeed a newbie or just an alt account, or maybe you are one of those early fudsters but eversince Bitconnectcoin ico there's a lot of newbie posting here trying to takedown Bitconnectcoin it's there money and you are not fbi so let them be..