Topic: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency - page 30. (Read 384492 times)

You are correct for every seller there is a buyers but it still does not work as either of you noted. You can read books about this such as the market makers edge. http://amzn.to/2DKFDPg

There are market makers (those who place orders away from BID/ask).
There are market takers (those who place orders AT BID/ASK).

The market makers are passive. They sit and wait with an order far from the war zone where bid/ask is at.
The market takers are the ones who are active and move the price and take the risk.

When there is a rush of market takers (either selling to lower the price, or buying to increase the price, doesn't matter which type), you see large movement in price.

Sometimes takes a while to synchronize but my wallet is working fine....not staked for ages though. It takes a couple of weeks after getting a stake to get mature coins again lol but normally it comes quickly after that.

One dude explained bitconnect here. Just take a look ! https://medium.com/@anesthesteve/bitconnect-explained-c68dd2daef2f

It's still going well...price above 0.0063...keep withdrawing dividends each day (will prob get about $250 today when I withdraw in a few hours) and the token value also keeps growing as it was only $10k worth 2 days ago when I invested and hopefully ETH will also go up soon....
[I put in $11600 worth of ETH in total but the sell value for the tokens was closer to $10k rather than $16k as it is now as you need to pay 10% fee for buying and also selling which goes to everyone else as dividends]
(do not invest, obviously, it's just a game   )

@AGM76 I was wondering whether you are actually publicly known? If I had to guess I would say you aren't, but maybe you are?

YuTuCoin Suchmoon tell your moms and your sisters to get out of my house immediately!! BITCONNNEEEEEECCCTTTTT!!!!!

Seriously? There is a big synchronization problem on bitconnect chain explorer due to the reason that this project is already a scam project and the developers that incharge for the code is already abandoned this shitty project. Don't waste time and money on this scam coin.

This ponzi scheme is still breathing and keeps dragging people? This is one of the reasons why some people not very familiar are scared because of possible scams.

Synchronization proublum


HOW  MAKE ACTIVATIO WORK ANDSEE PERERS? I UNBLOCK WALET BUT NOT SYNCH
 
MAYBE NEED UPLOAD TO FOLDER c:/ blockchain explorer

i use to some 1 Alt coin this help me



Some giv me link? or where i download part folder this include blockexporer this bcc coin i interest

@dooglus , I guess the user AGM76 is not taking about the increase in price percentage increase but talking about the volume in/out percentage. According to me if the buy volume is dominating then the buy volume percentage will increase giving it a overall green stat in terms of traded volume per 24hr.

Haha, the price isn't on any exchange !! It's set in the smart contract (when someone buys from the contract it takes the ETH and creates and gives them tokens and puts the price up, when someone sells from the contract it puts the price down and sends the ETH). I have about 28 ETH worth if I sold now (can withdraw that any time) but I only put about 22 ETH in. This isn't including a few hundred dollars of ETH in dividends I withdraw each day. I don't know the exact formula but how it works is genius. I am obviously not a financial advisor but this now has over 1500 ETH in the contract. As you can probably tell, I've profited a lot already.

I'm not sure now how much ETH was in the contract when I bought all my P3D tokens but it was around 400ETH I think. This means that whenever the contract has that amount of ETH in it, the price will always be the same. My average buy price was about 0.004 (the 0.84ETH was at 0.0035 but I put a lot more in later that day) but the buy price is now 0.00593!!!  Obviously, when you first buy you can only sell for a 20% loss as there is a 10% fee for all volume transacted. Whenever someone sells or buys this 10% is given out in dividends, so you even win money when everyone is dumping.

As long as there is no bug in the code, even if everyone sells it just needs to grow back and reach the same level of ETH in the contract to keep the same profit levels BUT you also get dividends in real ETH for all that selling or buying activity. It will probably just keep going forever up and down etc.... don't know how high it will grow but I'm just cashing out the dividends each day. If ETH doubles (it was over double what it is now a few weeks back) that will also double the value too obviously.

https://etherscan.io/address/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#readContract     If you go there you can see the buy price at the bottom (you have to add a couple of zeros and a decimal point)


P.S. THERE ARE NO WHALES IN THIS YET!! EVEN THE DEVS ONLY HAVE 2 PERCENT OF THE TOKENS EACH THAT THEY BOUGHT AND NOBODY HAS MORE THAN 4%. I have 1% of them too. So this is zero-sum and much fairer than BTC due to the distribution PLUS you also get free 'dividends' for all volume transacted which works out to be a couple of percent a day at the moment. [I cashed out my dividends exactly 6 hours ago now and already made another $71 worth in 6 hours - the price is also now up to 0.00598 so I can only see my tokens being worth more and more until at least 5000 ETH is in the contract as that is when the price goes to 0.01 ETH per token]

Do you understand that every time someone buys something someone else sells it to them? When A buys the token from B does the price go up or down? A bought it, but B sold it.

Seems you still have no clue.

Yes.


We have been through this many times. You don't understand what a Ponzi scheme is. Most cryptos are bad investments, but aren't Ponzi schemes.


That is offtopic. And why would anyone listen to Trevon after he lead so many people to financial ruin with the BCC scam?


Since you admit that you have no clue why would you invest in something that Trevon is promoting? How stupid are you?

.... said the supporters of Paycoin.

What development?

I like how this coin is so resilient. I think it will surprise everyone once all the bad news dies out. The sheer amount of development  dollars spent on this coin and its wallet dwarfs a lot of other coins. I am not holding much but I think it will have a great future.

I like how the community is all about HODL now. The free coins mined (interest) from staking is the best part of this coin and its going to end soon.

You finally understood it. While you were arguing that BCC at over $300 wasn't inflated but reasonable, you now acknowledge that BCC at $4 is inflated.

I actually worked out it was better than BTC and less of a risk in some ways (especially in a bear market). It is zero-sum like BTC too and early investors and the DEVs were limited in the amount of ETH they could invest into it (it was just 1 ETH each) which means that it is very evenly spread out. The price is up to 0.0045 ETH from 0.0035 when I first entered a day ago and nearly 900ETH is now in the contract. The only possible problem is a bug in the code but this is the third attempt at this by various people and the code has been written from scratch and audited a lot.

https://etherscan.io/address/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe

Some guy on the discord keeps taking pics with his escort (he seems to have her over a lot):




Not far off 1000 ETH in the contract now

A lot of the volume is now on Trade Satoshi...... the price is up about 50% too. Not many on sale, though so I suppose most people are holding in their desktop wallets. Trading is still going on at coinexchange.