Bitcoin Forum

Bitconnect, marketcap now $70M.

I've looked at their website but can't see anything that sets it apart, so i'm curious as to why it is doing so well.

About all of my friends are making discussion at the bitconnect .
Few friends are saying that it is just like the Ponzi scheme and you will get your money income for small times only ( about 3-4 month)
But few of them are saying in it's favour they are saying That it is altcoins and Secondly this site is giving earning for the lending your money , so here Both the things are coming across our mind .
But here I will say to invest if 100$ is not a big amount for you . Hopefully the site will do at its best in the future , I am saying so because I already invested about 110$ .

Income? Lending money?  ???

Sounds like i don't understand it at all. I didn't know they were involved in that

This coin is just pure speculation I do not see anything amazing about this coin, they are not offering something new it just a foolish investment where a few guys will make money with this bull run.

Bitconnect coin price is increased a lot then january (its about 300-600% or maybe more than that), a lot people investing on them. Maybe thats make people interesting with Bitonnect

bitcoinconnect price is incraese high and volume transaction incraese too, because side bussiness bitconnect coin is very good performance and much people join in there, so can incraese bitcoinconnect user, with user incraese so volume transaction is very high, and price incraese too because demand is high

at first time Bitconnect is a lending platform,
then they make their own cryptocurrency with exchange,, thats why the volume is always increase day by day..
many people say the lending platform is just like a ponzi sheme, because they have something like hyip in their marketing plan,,
but for now bitconnectcoin price is increase in good movement,,

Anyway good luck for holders

it's a coincidence that a scrypt coin like bitconnect have this enormous value when bitmain is releasing its new scrypt miner which is very profitable? i think miners company are pumping these scam coin, and selling miners to make even more profit, i don't like sha or scrypt clone of bitcoin and litecoin, they are there only for scammers

There isn't anything that interesting with this coin. I remember that the price was going up during the whole Bitcoin Unlimited vs Bitcoin debate and most of the old coins was pumping some.

That's what you think because you are a late comer I am part of their signature campaign and have seen how the coin grow,they seems to have everything lending platform,own exchange,own mining pool android wallet and they are building community in every country you can check their youtube videos just type "Bitconnectcoin" ..
This coin is quietly building their reputation

Tidex is part of the Signature campaign for Bitconnect? I didn't know that.
What's the difference between this coin and all the other coins that claim to be building a community in every Country?

they didn't build their reputation, but they build their lending platform with marketing plan just like HYIP(High yield Investment program),,
they promote their lending platform, not the cryptocurrency that called bitconnectcoin,,

regards

They have a really well put together site and have an integrated exchange. Also have translations in like 5 languages. They then compare their price to BTC, and suggest that now is the time to get in. It seems to be working quite well for them. Good for them. The more currencies the better IMO.  ;D

nothing good from what i can see...

occasionally you see these coin come from nowhere and you look up the ann. after reading through it you leave knowing that coin is about to crash to fractions of what it is apparently worth now and are determined to find somewhere to short it.

now the price of this BCC is down so deep,,

The ico price was $1 and it even went up to $12 the coin is only 7 months old they have reached the top 20 two months ago so it's still profitable if you are an early investor ..
This is a crypto currency with a lending platform

To know more about Bitconnect visit https://bitconnect.co/ (https://bitconnect.co/)

I can answer this question...It's doing so well because you actually get the daily interest earnings and there's a lucrative referral program.

I am very pleased with my results so far. The only thing I regret is not knowing about it sooner.

If you're interested to know more, I made a video https://youtu.be/lSwHtp7XwZw

But, yeah, I started with the lowest amount and I'm seeing it grow. I will definitely do more and I'll be posting more vids on my progress and information.

If you want to know why it's doing so well and how it's able to pay all those interests, check out this blog:
https://bitconnectexplained.wordpress.com

When i first knew about bitconnect i do already noticed the hyip ponzi scheme style which it lose my interest and now they do have made their own coin and luckily have been succeed which means people do have interest on this coin which causes for its price on how many fold when we do see or going back on January. Lucky for those people who jumped in on which the price of coins is still cheap.

It’s obviously a pyramid scheme... where new payees pay the old one. There is no "Trading bot that makes money" The coin can only go up because it’s being locked up for a year by all investors..

If you go into it knowing this and willing to take the risk that it will might come crashing down before you funds are unlocked.. then go for it. You can make some money. Just don’t dont believe the hype or BS. It’s purely a pyramid scheme.

Its a ponzi scheme, I was offered by one of my friends to sign up under his referral and there are different ways to earn aside from investing. After my friend says I can earn from my referrals that turned me off. I dont like the idea of MLM or ponzi because they are not selling the product, they are selling the system to earn so regardless of if the product (coin) is shitty or not, coin will be bought because of the system.

ita a mlm - based - coin - in my opinion there are no new things in this coin still it just a copycat

Regards

So for now less good ?
Are there other recomendations?

Yeah, i think like you. However, we can not let see their pump haha

Really? Have you used one of this coins from bitconnect? And,by the way this is kinda closer to bitcoin's name. What if others will try it and blame bitcoin for that case. It will be a bad name for bitcoin if that happens. How could they make such similar name of bitcon! If it's not a pure speculation then would that be ruining other coins nowadays?

Yeah this is a coin I will never own, even if it gets pumped to the moon.

go and google Bitconnect scam, really interesting articles. Decide for yourself if you want to invest.

Who can give you  1% per day, sounds to good to be true. Just my 2 cents

Yeah, It is trading platform too. Lend your money for trading and earn profit from that. I don;t think it is a good investment , I prefer waves, you will earn aidrop of tokens if you hold the coin.

 8) don't known.. but bitcoinnect I think it's same with ponzi. but at least people use ur money to invest and take profit then pay for u... just invest and withdraw ur invest and play with profit

It’s seem to be good at first but I don’t have any idea about the future but I’m glad that u hold it.

Bitconnect is an altcoin designed for lending loans to the people and make some interest in return.

There are a lot of ponzi schemes out there, all banks run ponzi schemes including the UK's private bank Federal Reserve.
That's why Bitconnect cannot be shut down. Not to mention, people only lending them their own Bitconnect coin.

As long as people are not lending them the USD or the British Pound, it's not illegal for Bitconnect to operate their business scheme in the UK. You'll be surprised to find out that the UK is full of businesses operating ponzi schemes. That's because the central bank of the UK run on ponzi scheme. The central bank of the UK would be accused of being a hypocrite if they were to shut down the rest of other businesses that run ponzi schemes.

https://bitcointalk.org/index.php?topic=2125404.0

It seems so, more convincing for you to get it.
be determined that your fears will not get bigger. :)

I see news from some of my friends who are on facebook who spread about bitconnec is a scam.

but I do not know that it's true or not, the same look at the ponzi scheme on bitconnet it did not interest me personally.

Depends on whether they really have a trading bot that makes them a profit of 1% everyday

Hmm, Bitconnect.... well, i've been to their site once, read a bit and mostly what i saw was that, it could crash when they meet their target. What target people are talking about, dunno. :(

Guys take a minute or two and simply learn something about that coin and only then dare to speak, if it's a ponzi or not. You're only repeating, what you've heard somewhere from someone, who repeated the same bullshit from somewhere from someone. No facts, pure hate. Just read and think...

https://bitconnectexplained.wordpress.com/2017/07/26/bitconnect-explained/

Check out other articles too if interested in more details. No need to click any referral links:P

All I've heard about this coin is that it's a trading scheme. New investors pay off the old, etc. You might be blessed to invest in it just to ride the pump and dump but gamble with that as you wish. Definitely haven't seen anything that shows that this coin is something completely different, and it's almost universally known to be a Ponzi scheme.

It seem like a self pump coin with it own exchange.

You can never tell why people jump on one coin and not another I was just mentioning it another thread a coin that came out quickly, was very strong, then died a week later, and in the past year to community has tried to revive that coin two or three times. There doesn't seem to be anything special about it, but for some reason it just speaks to some people.

I think sometimes it's the environment at the coins are released under. Some of these coins come out at points when there's a lot of distrust in the world based on failed projects in that recent environment, and then other coins come out and a point when people are looking for something to invest in and it just kind of slipped out there by itself.

Sometimes a coin answers a particular concern that many people have at a particular time. If you look at Bitcoin cash, it is technically a simple alt coin, but because of its purpose and timing it immediately took off.

I tried to ask a friend of mine who is convincing me to join and invest in Bitconnect but I asked for a white paper or a road map, my friend replied with I forgot the name of the token or coin but he said that certain coin doesn't have a white paper too and a road map but its successful and making a lot of traders rich. I'll edit my post once I remember what token was that.

related to your question I have never heard of it, sorry I missed the information .. I will try to find out about Bitconnect as you said about the price that reaches $ 70 million.  :) :)

Stay away from that scam.
And about the price, it is manipulated because guess where can you trade bitconnect? Yes you are right, you can not trade your bitconnect in any exchange, just in bitconnect.

Not really my friend:
https://coinmarketcap.com/currencies/bitconnect/#markets
Of course it not a big volume on other exchanges but it's not nothing either.
Actually, the fact that they control the majority of it, makes it work.

Does anyone else find it odd that the marketcap dropped do to massive selling at the same time that the difficulty levels on coins like dash hit all time high's? I wonder if this is the calm before the storm in terms of not paying on contracts. If the contract cycle is in line with a 90 day payout then I do not see how the next cycle is possible without simply relying on new member contracts to fuel existing returns. I'm not trying to raise any flags but it feels very much like what happens at the end of a Ponzi cycle..
Look at the difficulty level here and start your chart in August until today. Currently 2 petahash up from 25 terahash...
https://www.coinwarz.com/difficulty-charts/dash-difficulty-chart
And the sell off at the end of October
https://coinmarketcap.com/currencies/bitconnect/
Like I said I'm not an authority on this but the math is tough.

With Bitconnect you lend your bitcoins at high interests to robots. And more you lend more you earn. You can incerase you money just by lending and charging high interests.
But charging interest is not a good thing so because of that I've never used it.

Looking kind of dodgy to me, I would advise not to invest too much in bitconnect.

About Bitconnect, there are mixed reactions about this altcoin. One thing that is good with Bitconnect is their lending and staking program that makes the trading volume great.

Some of them may say it's a scam because of the lending program and "binary matrix" structure, but others are standing behind Bitconnect. One of my friends have decided to invest in Bitconnect last February 2017, and his total value is now worth $2.5 million.

It makes me bang my head against the wall many times due that I didn't know Bitconnect before.

So what you are saying basically is that in order to earn interest my BTC I need to first purchase BCC which in essence increases transaction volume for BCC while also reducing the supply. At the moment $384/BCC with a circulating supply of $1.8 billion. When it was at it's hig
h over $10 billion while the BTC price was +/- $6000 and a market cap of $100 billion. If it is estimated that 25 percent of BTC has been lost then at this time the BTC market cap would have been $75 billion available. Can you tell me how this math is possibly correct. If what you are saying is true then you are basically telling me that BCC tokens at one point represented more than 10% of BTC. This is just basic math. Again I'm not pointing fingers just trying to understand the logic.

Based on today's news I guess this was a correct assumption... 😀

his coin is just pure speculation I do not see anything amazing about this coin, they are not offering something new it just a foolish investment where a few guys will make money with this bull run.  ::) ::)

Nothing is good about bitcconect except tears and sorrow which is expressed by those who loss fortune in this groundbreaking ponzi scheme. Ponzi will always be bad for the unsuspecting investors. I will advice anybody not to participate in any appearance of ponzi scheme.

Bitconnect ?

NO, GO AWAY !

I'm really doesn't interested with this shit, this is the biggest ponzi scheme ever created in cryptocurrency history...
many people lost their money because trying invest to bitconnect...