Topic: Bitconnect sold 50000 BTC - page 3. (Read 567 times)
Yup ... that’s how a Ponzi scheme works.
I heard Bitconnect's owners collected BTC50000 from people and scammed them. the owners sold BTC50000 from 2 days ago till now. This is a big reason for crashing price. don't panic and put some buy orders at different lower price. If BTC fall down to $1500 don't panic and do buying more at different steps.
The founders cashing out lump sum through public exchanges is quite possible but hard to prove this drastic market crash. My intuition says otherwise though. There could be 2 main possible scenarios that are fueling the downtrend:
- BTC Future contracts were set to expire today after its month-long journey, which is creating a false pretense of downtrend in order to short money and profit out from it. (Remember the price of BTC was around $10k - $12k when the future contracts started)
- Onset of Lunar New Year, which could be just another baseless FUD though.
I'm also very sure the bitconnect scam has had a role to play in BTC price fall. All we have to d now is measure up with the supply by increasin or buying BTC. That way the price will begin to rise gain. My thoughts though.
Yes this is a one bad reason as for btc price as for investors,they have lost up to 95% of their investment and today there is a very bad situation in confidence issue because people may don't trust companies like this anymore.But I think its not finish and relevant bodies will be interested in this case.Also there are a lot of reasons and everybody talks about this,despite the fact,Its Little doubtful that price goes down every year In january and I think panic is artifically created from investors who want to buy it for low price.
I heard Bitconnect's owners collected BTC50000 from people and scammed them. the owners sold BTC50000 from 2 days ago till now. This is a big reason for crashing price. don't panic and put some buy orders at different lower price. If BTC fall down to $1500 don't panic and do buying more at different steps.
The founders cashing out lump sum through public exchanges is quite possible but hard to prove this drastic market crash.
My intuition says otherwise though. There could be 2 main possible scenarios that are fueling the downtrend:
- BTC Future contracts were set to expire today after its month-long journey, which is creating a false pretense of downtrend in order to short money and profit out from it. (Remember the price of BTC was around $10k - $12k when the future contracts started)
- Onset of Lunar New Year, which could be just another baseless FUD though.
I heard Bitconnect's owners collected BTC50000 from people and scammed them. the owners sold BTC50000 from 2 days ago till now. This is a big reason for crashing price. don't panic and put some buy orders at different lower price. If BTC fall down to $1500 don't panic and do buying more at different steps.
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