WTF is happening with BitConnect | Bitcointalksearch.org

tbearhere

legendary

Activity: 3164

Merit: 1003

Update:
Our #BitConnect cryptocurrency will be removed from all exchanges.
Therefore, we offer an opportunity for our members.
You can exchange your BCC tokens at the current rate of $142.47 USD per token.
Only until March 19, 2018.
Follow the instructions in the following article:
http://telegra.ph/GUIDE-TO-RECOVER-THE-INVESTMENT-FOR-THE-BITCONNECT-BCC-CRYPTOCURRENCY-02-26

***SCAM AGAIN***

jmigdlc99

sr. member

Activity: 784

Merit: 282

Quote from: DaedRik3 on December 28, 2017, 04:38:03 AM

Like said in title, what the acutal f*** is happening with ponzi BitConnect ? Why this huge climb ?

They say the price is manipulated because it is hosted on their own exchange. They can easily simulate buy orders and fake market capitalization. More than that, it is probably a ponzi scheme because the growth they promise is too much, they pay early investors with money from new investors.

Stay away or get out now while you can.

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

Quote from: Jafri101 on December 28, 2017, 04:55:21 AM

Its actually doing bussiness. It takes your investment in bitcoins then convert it by its own exchange in bitconnect coins. After that it invests in bcc and you see the main things, many people are investing in bitconnect which is taking its coin price higher due to supply n demand. In the mean time its mining also to make bitconnect coins. So simply its like giving you 40% and taking himself around 60%. Its a technique.

Suuuure, supply and demand, right and not manipulation.

Jafri101

sr. member

Activity: 546

Merit: 250

Its actually doing bussiness. It takes your investment in bitcoins then convert it by its own exchange in bitconnect coins. After that it invests in bcc and you see the main things, many people are investing in bitconnect which is taking its coin price higher due to supply n demand. In the mean time its mining also to make bitconnect coins. So simply its like giving you 40% and taking himself around 60%. Its a technique.

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

I CBA to write the same stuff over and over, so:

Quote from: bathrobehero on December 04, 2017, 03:42:03 PM

Of course BitConnect is a scam. ~94% of all the claimed trading is going on on their own private exchange. They can make up the all the numbers like price and volume as they want and nobody would know because trades are not on the blockchain, only deposits and withdraws are. Coinmarketcap lists any exchange as long as they have an API. That's it, that's all what they ask for so anyone can create their own exchange and send whatever nubmers they want to CMC and people will believe the numbers.

Once you realize this, there's really no point in investigating BCC any further.

jayc89

hero member

Activity: 756

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: DaedRik3 on December 28, 2017, 04:38:03 AM

Like said in title, what the acutal f*** is happening with ponzi BitConnect ? Why this huge climb ?

It's a scam, the price can go anyway it wants...I still won't invest in that scam since they will just dump the price at some point.

DaedRik3

full member

Activity: 121

Merit: 100

Like said in title, what the acutal f*** is happening with ponzi BitConnect ? Why this huge climb ?

Topic: WTF is happening with BitConnect (Read 138 times)