Topic: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency - page 93. (Read 384600 times)

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Although selling at $18 in other exchanges., technically, the coins are already at 0 within bitconnect exchange but many deadlocked at $150 inside bitconnect X.  The Cease and Desist order as given one of the main causes of closing London Centralized Exchange also includes Bitconnect X as shown on page 5:

https://www.ssb.texas.gov/sites/default/files/BitConnect_ENF-18-CDO-1754.pdf

Are you serious? I already pointed out the factually incorrect statements from some of those stories (about them running off with bitcoins etc). All they had left when they closed the lending were the same BCC tokens some people are saying are now worthless - the same ones they left all the investors with as that was the only currency the lending platform used (although they were paid in relation to the USD value of the coins when they were lent or when they are withdrawn from the lending wallet). Why would they want their millions of BCC to be worthless (which they stake hundreds of thousands of each month)? I also showed they didn't dump them either (they were more than likely buying them cheap the other day). Actually if I look on the rich list, there has basically been no recent activity on many addresses and I don't think they stake from those largest wallets either.

There are hundreds of these coins and BCC is nowhere near as bad as most of the coins on exchanges. A lot of them are pure scams that get dumped on by the devs and you say you know a lot about crypto? There are no laws about these coins in most countries and bitconnect lending wasn't operating as a ponzi when they stopped it.


I am not posting for any particular reason other than to try to correct people's prejudices (which seldom works anyway due to the little understood 'backfire effect'). I just tend to go on a bit sometimes  

And that is exactly what the exchanges should do, why support thieves it is bad for the whole Crypto community, not that exchanges have too many morals and if they can still make money from it......well you know.


But if one of them does it, there is a chance the others will follow suit.

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Thank you for posting your video and I would like to comment:

1) the iPhone and also Chrome both clocks are exact as the "https://www.timeanddate.com/worldclock/uk/london" on your video. I compared them live and they are all same.

2) in the Youtube video: https://www.youtube.com/watch?v=wq6tqXkHaNE; and, other videos on youtube most of the sales shown and confirmed on the screen were around (17 Jan - 18 Jan) In those days one could buy the BBCX coins. But since 20 Jan 18 (Sat.) the Bitconnect-X board is jammed with all of the $10 BCC purchased coins lured in with the $150 promotion that actually drown all of those Bitconnect redeemed coins  that had been bought at $363 (as in my case).

No method really works, I have tried every day since 20 Jan and click on reset or 1-2 sec., delays it does not work; the confirmation times out never confirms and on two occasions I reset the browser, got the Cloudfare message and the screen came back with all the coins reset at 1 as if I had no coins! but, eventually through re-clicking, it came back normal but no BCCX execution made for that date.

So what's your goal here?

I don't understand why you insist on trying to argue with people who know far more about Crypto than you do, all you are doing is accruing more negative trust.

This thing is dead in the water, it's over jim, sell your coins (if you have any left) and learn from your mistakes.

Here, I'll even link a couple news articles for you.

https://cointelegraph.com/news/bitconnect-ponzi-scheme-no-sympathy-from-crypto-community

https://www.coindesk.com/bitconnect-investors-left-lurch-tokens-price-drops-90/

https://news.bitcoin.com/not-content-with-scamming-1-5-billion-bitconnect-wants-another-500-million-for-its-ico/

There is a very good chance that current exchanges will delist BCC in order to avoid legal trouble and all remaining Coins will be worth $0

This was a clear Ponzi scheme from the get go.  The people who are promoting this and exchanges that support BCC should be arrested and go to jail.   People already lost a lot from this scam and they still want to prey on their victims even more with BCCX.    People can be really sick and twisted. 

If I was a victim of this, I would start researching and try to find out the identities of the BitConnect team and pay them a nice visit.

Mysterious dreadful accidents & illnesses tend to follow events like Madoff, Bre-x, etc. Cancer & heart attack weapons exist.  I have no special power but keen fear of conspiracies. I have zero animosity to any promoter.
I believed the project had a bot and would pay out in BTC USD equivalent, despite any youtubers.
I want everyone to be well & whole.
Bitconnect current & past principal organizers & technical people should sense this situation deserves urgent brainstorming & action.
This ICO mess is not a solution.

Yes I would not like to be Glenn Arcaro, CryptoNick, Trevon James, Craig Grant et al right at this time. 
They are all still carrying on like nothing happened the silly cunts, except for Glenn Arcaro he had the sense to shutdown his YouTube 3 weeks prior to the exit and disappear but his Instagram shows pictures of his sister and her name etc, I hope there is nothing done to them physically but I would be happy to see all of them wearing Bitconnect Orange in the Fed Pen. 

Another day, another time out while trying to exchange BCC for BCCX. Try again tomorrow.
Every day I try to swap worthless BCC for BCCX.  How many man hours are being burnt on this mess.
Honestly they should just automatically gift us BCCX at 8 to 1 ratio. 3:1 is still a huge haircut.

Wonder if they realize the gravity of the grave situation.  MC was $ Billions.  If people are unable to redeem for BCCX at least, things will become more sour.
There's crazy people out there already putting bounties for hits.  Should be fixing things like their lives depended upon it.
Indeed some people who lost big on this may have suicided or be facing a crippling life altering blow.

I can walk away from this loss.  Not everyone will turn the other cheek.
Bitconnect needs to get a clue, for everyone's wellbeing.

Are they still paying the interest? No. Is BCC still worth $400? No. It has collapsed.

It carried on "fine" until it didn't. They did have a good excuse to shut it off (the C&Ds) but it would have ended sooner or later anyway. Infinite growth at 0.25% a day is not sustainable regardless of what "people are saying".


Again, the transaction fee does not depend on the amount. It depends on the size of the transaction and you apparently had a shitload of tiny inputs. This has nothing to do with Bitconnect other than your feeble attempts to entangle Bitcoin or other coins into your fallacy extravaganza.

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Did Craig and Trevon mention why BitconnetX is not triggering sales of BCCX? another day another time-out. Now 12:12 London time and since 12:01 when the order was made my screen still shows the wheel turning but no confirmation like it has happened for a week.

So what part don't you agree with?? Bitconnect always profited in BCC from the lending system and didn't need to take BCC from new lenders to pay old ones. So it wasn't a ponzi. When someone lent 1BCC for example, by the end of the term the capital release would only cost bitconnect say 0.1BCC if the coin had gone up 10 times in that 8 months or whatever (in practice it only took a few months to go 10X) and the interest paid was also far lower than the gain in the coin price. They could have easily paid 50% higher interest rates (I'm guessing but a lot higher than 1%) and still been in profit!!! They didn't have a guaranteed percentage for reinvests or lower amounts so could have easily carried on without even changing the terms of the loans!

Regarding the fees, my wallet lets me choose and I didn't choose the fastest, but low/medium. I set it also to dynamic fees so it can tell how much is needed for certain speeds. I would have paid even more if I wanted it to be faster but any slower wasn't much cheaper so I set it to medium speed.

EDIT: Just did the calculation and at 1.5% per day that is about 56% per month and 200X in a year. The coin was initially valued at sub-$1 in the ICO and I think fell to 16cents early on but went up to near $500 all in a year so the 1% wasn't excessive at all. 1% daily is only 35X in a year!!!

You're an utter idiot. I'm sorry, but there is no other way to put it.

A mixture of greed, ignorance and sock puppet accounts.

Ponzi's attract a very special breed of people who will fight tooth and nail against all reason, faces change but the cycle remains the same.

I only came across this yesterday because I read a news article about it. I believe it was within the first couple pages that it was outed when it was claiming to host an ICO on Bittrex even after Rich (owner) had said "no, this is a scam, not being listed"

I have 0 sympathy for people took part in this, ALL are either marks or scammers.

The fee I paid was worth $2.25 at the time, and I spent over 1.6 BTC worth over $23k. I am certain of it. Based on the level of understand you display in this thread it seems quite likely to me that you don't understand much of anything including what fees are necessary to get transactions confirmed. It makes no difference what value you are sending, only the size of the transaction. I use SegWit to reduce the fees, but even without SegWit the fee wouldn't have been over $5.


That must be quite a relief to all the victims. Please explain in detail how they can get their money back if they haven't lost it.


It was a Ponzi. Some people get rich while others lose a fortune. That's how Ponzis work. I don't feel bad in the slightest. Hopefully some people took heed of my words and saved themselves from losing their savings to this scam. Ponzis can't "carry on fine" whether they get press or not. Exponential growth isn't sustainable in a finite universe.

What I don't like, is idiots saying the scam 'collapsed' when they never collapsed. They always paid less BCC in interest than was lent to them in the lending system. It would have carried on fine without all these people saying it was a Ponzi etc. It is obvious to any sane person who isn't traumatised enough to have to believe these Ponzi stories to psychologically survive.

Also, as I explained before, to send just 6BTC from my wallet at a normal fee range (few hundreds satoshis per byte) I had to pay hundreds of dollars. My wallet wouldn't have charged me more than I needed to pay but obviously most wallets like electrum generate lots of inputs etc so the more you send the more the fee would be.

Oh I seem to deleted what I wrote before but basically those were normal charges for sending that amount of BTC from my wallet, in the last few days I gave examples to before.

Instead of just typing it I will copy and paste the images from electrum below from a couple of transactions in the last two days:

The transaction fee does not depend on the amount. You're either really really dumb, or just can't stop lying, which to be fair is quite dumb too.

Bitconnect was not an investment. It was a scam, it collapsed, the last ones to hold the bag got stuck with near-worthless tokens. That's how these scams work. There is no feasible way for "everyone" to make 30% per month. Such investments don't exist. It's not "bad press" that made people lose their money. It's the scammers. With some help from shills like you.

Scams like BitConnect affect all of crypto, giving it a bad name in general. The millions of dollars lost by newbies to this scam could otherwise have gone into legitimate coins rather than lining scammer pockets. Scams like this turn people away from crypto. If the first coin I "invested" in was BCC I'm pretty sure it would also be the last.

hmmm are you sure you were able to send multiple bitcoins for $2 haha  I don't think that's possible. I know I always end up paying hundreds of dollars when sending more than a few BTC. Maybe I'm doing something wrong but I doubt it.


Also, I've heard of tether but many people are sceptical about it really being backed by real money. They also have very predatory terms which means they reserve the right to confiscate funds for no real reason.


Also, the last point you made says it all. Investors haven't lost any money yet unless they sell their tokens cheap. If there wasn't so much backlash against the company (which always paid people the advertised daily interest) then they would still be open today and everyone would be making 30% per month etc. Don't you feel guilty about making everyone lose so much? Many people in bitconnect became very wealthy too as it was very easy. They may have got better investments in other ways but the bitconnect model would have carried on fine without the bad press.