I don't think this coin can recover at this times and next year!
I bought 50 BCC at price $405 per coin! Now all money go out!
Topic: Can BitConnect recover? - page 15. (Read 1350 times)
Bitconnect's ONLY value proposition was the lending platform, without that then what good does Bitconnect do that other coins don't? If you want fast, then use Nano, Byteball, or even Litecoin. If you want private then use Manero or DeepOnion. They don't have smart contracts or solve any problem the second or third generation of blockchain projects are doing.
Personally, I believe they're doing this in case they find themselves in court they can say it wasn't a ponzi scheme but rather the market collapsed. They can say their coin still has utility but it's not their fault everyone dumped the coin. I also believe their trading bot wasn't that great, they just road the massive ride up to 20K bitcoin. Think about it... if you lent Bitconnect $1000 last year that'd be an entire bitcoin. Ten months later that same bitcoin was worth $15K+ but you're still earning interest on just $1000.
An finally... even if their coin was coming back legit, why would you trust the team that bailed with billions of dollars?
Personally, I believe they're doing this in case they find themselves in court they can say it wasn't a ponzi scheme but rather the market collapsed. They can say their coin still has utility but it's not their fault everyone dumped the coin. I also believe their trading bot wasn't that great, they just road the massive ride up to 20K bitcoin. Think about it... if you lent Bitconnect $1000 last year that'd be an entire bitcoin. Ten months later that same bitcoin was worth $15K+ but you're still earning interest on just $1000.
An finally... even if their coin was coming back legit, why would you trust the team that bailed with billions of dollars?
I don't think they can recover and I don't think they should recover. This was Ponzy scheme from the very begging. Everybody knew it. Bitconnect is dead!
I don't think it will recover.
Bitconnect is dead and here everybody warned people about bitconnect. So if you still holding bitconnect then find a way to quit.
Bitconnect is dead and here everybody warned people about bitconnect. So if you still holding bitconnect then find a way to quit.
People knew, and people were warned of it. Yet, people went like a heard of sheep for unnatural promised profit.
Bitconnect was a ponzi and took all funds when they knew they would be able keep the play going.
They'll never be back and it would be a success if the team be brought to court.
Bitconnect was a ponzi and took all funds when they knew they would be able keep the play going.
They'll never be back and it would be a success if the team be brought to court.
To put it bluntly, it was impossible for them to generate a 1.3%+ daily interest. Simply unrealistic. If it could generate so much revenue by pooling everyone's investments and using Bitconnect's bot to trade in crypto, everyone would be millionaires. The bots would make the Bitconnect's dev and their future generations so rich that they would never have to work a single day again.
People knew, and people were warned of it. Yet, people went like a heard of sheep for unnatural promised profit.
Bitconnect was a ponzi and took all funds when they knew they would be able keep the play going.
They'll never be back and it would be a success if the team be brought to court.
Bitconnect was a ponzi and took all funds when they knew they would be able keep the play going.
They'll never be back and it would be a success if the team be brought to court.
Accept the fact that you have lost your money. BCC is difficult to return once lost investor confidence. Forget it.
It takes a whole time for Bitconnect to recover to its ATH price once more since they have lost many trusts by their investor.
When they loose consumer sentiment and trust, its nearly impossible for them to be back. They would really have to give some legal guarantees this time to get the ball rolling again!
Did you hold in Bitconnect?
Nope did not hold any myself.. but my god it has dipped so much it's difficult to resist buying this dip. Just curious if there's really absolutely no chance of recovery or not.
Do you want to lose again?
I do not think that the price will recover, how sad it does not sound.
In general, it is better to avoid such projects.
Anyway, Good luck to you!
I do not think that the price will recover, how sad it does not sound.
In general, it is better to avoid such projects.
Anyway, Good luck to you!
When they loose consumer sentiment and trust, its nearly impossible for them to be back. They would really have to give some legal guarantees this time to get the ball rolling again!
Did you hold in Bitconnect?
Obviously they shut down the exchange, however they said in a press release that they'll do their best to continue promotion of the BCC coin and build products to support it in future so it can regain its price. Do you believe this is possible or not?
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