Bitcoin Forum

That is Bitconnect.......Not Bitcoin Cash.  I wonder if the ex-Bitconnect members are self perpetuating this coin.  What do you think?

that's because people don't read, are greedy and stupid

Exactly what I thought.  I really feel sorry for these folks.  They get screwed once, now they are getting setup to get screwed again.  To my knowledge there is absolutely no use for this coin.

No use at all. There never was. Just some noobs thought it was. But now it's clear they are scam. I hope those idiots will get scammed twice. They never learn.

Ah the price dropped again.  The world is beginning to make sense.  Although I thought it would trade for less than a dollar.  Many other alt-coins are trading for way less and they have a purpose.  BCC does not.

Don't be. ;D

If people can't read and do proper research that's on them. It's just sad that BCC might still make some money after everything.

Exactly my thoughts :D
I read recently about a scam ICO /forgot the name/ where the dev decided to bring back the investments, trading tokens on kucoin. But then people saw coin with volume and start trading an buying and he ended up making a ton of money :D

Don't feel sorry for them, perhaps the first time round you can excuse their ignorance but now there's no excuse. Bitconnect owners are probably getting themselves ready to run off in to hiding with all the money they got out of their scheme.

Why is it pumping? because some whales are trapped and they need to pump this coin before they take profits then dump it again their loses wont be that much,they need to hype the coin so many small fishes will ride the waves then they will take profits fast because if they wont do that they will probably lose a lot,stay away from this scam coin.

It's mostly greedy people that see a chance to make quick profit of BitConnect, surely if you had bought some at 8 dollars you would've made profit but you're basically supporting a dead scam coin.

So some whales can dump there last bcc , some people have missed the news i guess.
Then there are others that are emotionally invested and don't care what people say about it they believe in it , and they don't want to see that they made the wrong decision.
So probably a couple of reasons.

I have no idea too but the sure thing here is the whales behind it did took profits and now possibly that they are starting to make another batch of taking profits by pumping this coin with the money they took before it started to go down. I don't know why they are keep on supporting this scam, it's a scam coin, it's a ponzi.

They can't get out of it because they made a big investment on it so they do this.. yeah you're right.

Maybe some people think that it was already dumped siginificantly ( almost 85%) and they didnt hear any news about bitconnect and they think that it will go up. Because there are many newbies in the market and it is possible.

Perfect example how wolfs manipulate with stupid sheeps. wolfs don't want to lose money, so they are pumping price, before the dump.

Some are still hoping that they can still recover those coins that they invested in Bitconnect, remember that their coins are locked in for a number of days before they can withdraw. All they can withdraw initially is the profits from lending. I see posts in Bitconnect groups that their lending business is shutting down. I dont see how the site will get back from where they are at with out this because lending is the reason why a lot of people invested with Bitconnect. Good luck to those who invested on this site.

Bitconnect is now purely speculation. If you bought at the bottom then its good for you. if the next project of bitconnect is a success then it will recover to its original value by next year.

Oh yeah, Bitconnect, jeez. It dropped almost to zero from what, a couple hundred dollar? I was sure it was over and done with seeing the Bitconnect is shutdown for being a ponzi headlines everywhere. Yeah, that was pretty big news together with the Bitcoin crash. And then a few hours after it was declared dead and buried this zombie coin is back from beyond the grave and jumps to like $91 or something. Crazy!

Of course I went looking for a reason. You've got all those people holding worthless coins, so what happens? First there's a new project called BitconnectX raising money, you can't make that up, every old Bitconnect coin is worth $150 if you're going to invest in it. And people start thinking hey, it's not dead yet! Then that strange little thing called FOMO (maybe also amnesia) kicks in driving up the price.

It's more then speculation, it's a titan cycle, ponzi you know. UK government should immediately arrest its team and managers for running such scam scheme on the world. This is the only solution.

what I've been afraid of has happened. sad to hear many complaints from bitconnect holders, some are angry, upset, disappointed and even frustrated. this is what the name invests, the risk is always waiting, but there is a message that we can take from this incident "we better avoid investment using ponzi scheme like this".

Some speculators can't resist.

I remember in the days leading up to MtGox collapsing - people couldn't withdraw money, but there were speculators willing to buy their accounts because they believed it wouldn't collapse and they'd get something.

There is always a group of people willing to take stupid risks.

I think you clearly said that bcc has no purpose. Maybe yes because its built just for making money from lending and staking

Jeez you are right,some of the whales are still trapped in this ponzi scheme they are just trying to take some profits from it by hypin the coin first and then dump it once they took some profits ,so it will result to a less damage that they received with this scam,they are indeed a very intelligent people and at the same time worst and most greedy.

Probably another pump and dumps by these trapped whales,they are cooking something so they can take profits while these small fishes bite the bait.

Obviously the whales who are trapped with this scam coin trying to hype it so some fools will join the hype so the whales can take back what they have lost in this ponzi scam.

Its the big players who is hyping this coin,so they can make some profits even if the coin is already dead,they wont come out when they are losing .

Because the big players are still trapped inside this ponzi scheme and they need to take some profits a little hype will get them what they want and eventually dump as soon as they got their profits back.

Ladies and Gentlemen! Bitconnect users in a nutshell.

With the news of End of Service they're still biting the baits.
A day have passed since this news: https://bitcointalk.org/index.php?topic=2773778.0 (https://bitcointalk.org/index.php?topic=2773778.0)
I smell greed all over the place.

I think for a lot of them it's pretty hard to accept what they have lost, so this is a way to try to maintain hope that things will work out in the end by buying the dip. Unfortunately it's likely only going to make their situation worse

Because there will always be people who they think will be smarter than many others, people like Roger Ver. They betrayed our Bitcoin and created these forks BCC and BTG, I'm sure that he created something else, but we do not know about it yet.

Looks like a group of investors are trying to get out even just for ROI.
Even if they pay 100k dollars to spread the news just so they can get back millions of dollars that is lost.

I would rather stay away from this and dont even think about getting in it.

This is bullshit, honestly how these people are making fomo to the bitconnect, Yesterday I was seeing a lot of people in my local group crypto are talking about this shit die coin. They are still pumping it right now.
The fact bitcoin already died and it will be died forever. I hope that majority of them will be realized it.

The same thing happened with Confido, so some people probably predicted that it will happen again and bought at the huge dip to utilize their chance on fast gains.

I think BCC will be continues because they can drive all community