big fucking ponzi scam
That Craig Grant isn't looking good lol https://www.youtube.com/watch?v=rzkuJi4FNJsWell bitconnect is making loads of profit and it would be quite easy to work out when they might get in trouble because their coin value would plummet and that would be the real test (if they do it properly then the lenders would be safe). That would be their real test. Actually, disabling BTC withdrawels means people can't take advantage of higher prices of their coin on their exchange by buying it on other exchanges and selling it on bitconnect (they can do but the BTC is stuck there). People would not be buying BCC on their exchange either as there is no way of getting BTC there, so basically the price is stuck at the moment... but obviously people can sell their BCC there for more BTC as the price is about 10% higher. So I'm surprised the coin hasn't gone down while they fix their BTC wallet. Bitconnect Dashboard is down now....can log in but HTTP 500 error on the dashboard and doesn't load....other people reporting it.
 "Say it ain't so, BitConnect. Say it ain't so!"  Bonus link NSFW: https://www.pinterest.pt/source/julieestiva.tumblr.com/Yeah it was on that youtube video I gave in the description. Seems like he's a bit of a hustler at least. Bitconnect aren't actually insolvent though but not sure most people realise that. The dashboard is working and I sent them 3BCC just before it went down to see if the deposit worked and surprisingly it was in the account as soon as the dashboard came back up. So no problems there. I've got another 10 BCC so will probably stake them in the desktop wallet. You make more money on average just holding the coins. By the way, the speed of deposits/withdrawels are really fast compared to bitcoin... they seem to be almost instant (in fact the timestamp on bitconnect is a few seconds before livecoin lol). Of course BitConnect is insolvent, if BitConnect was to close down right now they would have no way to pay back all the loans because they have no magic volatility trading bot they just paying customers with customer money until they stop growing and the ponzi collapse. You could argue they have millions of BCC tokens worth 130$ each but if they were to try sell even 100,000 of theese tokens the price would drop to 0$ each. If BitConnect was solvent they would have nothing to hide and be open about their bitcoin addresses, loans and everything like every other solvent crypto company. BTW FOR PEOPLE WHO WANT FREE BITCOINS: If you have a account on BitConnect search for some of their old deposit addresses thru like some youtube videos where you see people deposit/withdraw and find the transaction IDs and bitcoin amounts from the days they had the glitch and claim you are the one who sent those, im 99% sure they will pay you because they are not asking for any other evidence like signing the bitcoin transaction, you only need to provide information you can find publicly on the blockchain to get credited on your BitConnect account. But be fast, this is probably a first claim first get type of situation I think so they will only credit each transaction ID one time. They have no way to connect the payments they got with accounts, this is why they manually paying people who provide transaction ID but this is public information for anyone to find so they are really screwd unless they change it so people need to start signing the bitcoin transactions but this would fuck them too because not all people can sign the payments. You want people to steal other people's deposits now? Yes, bitconnect are more than solvent, they are making money from their loan system as they pay back less BCC after all the interest and capital is returned as the coin has gone up in value. It's like they are sharing the growth with the lenders, not to mention the growth of the BTC they also probably keep as collateral for the loans (I forgot about that part before). I can't be bothered to keep explaining it on here. The bottom line is bitconnect are in profit and don't need new money coming in to pay the loans. They give back less BCC than customers initially give them which includes the USD value of all the interest and capital returned. By the way, that Trevon is such a cheeky sod, I saw his latest videos and he's also going on about some Ponzi scam coin called EmberCoin paying ridiculous interest per day (not even sure how much) but I looked it up on coinmarketcap and it's obviously f'd up as the max supply is only 850million coins but there are now 14 billion on the market and it's going to grow to trillions at this rate..... something not right. The reason I mention Trevon or whatever his name is, is that he keeps saying he wants to keep EMB a 'secret' and doesn't want to talk about it yet and keep it to himself but kept going on about it on his channel so he obviously wants people to invest by making it seem like it's something he doesn't want to mention yet. |
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BCC has gone up at least 10-15%% on all the other exchanges and up 5% on bitconnect. If I had the time I would have bought the BCC earlier before they fixed the BTC deposits and converted into BTC at bitconnect and then could have withdrawn the profit in BTC... oh well
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https://s26.postimg.org/x6ntbcgbt/working_BTCagain.pngSeems like they managed to enable the BTC withdrawel and deposit buttons around the time they stated (they were meant to do it by 6am but later changed it to 8am GMT). The addresses show up as available again (oops I forgot to rub out the address pic but nevermind, donations are welcome lol). So seems like everything is back to normal.....look at the greed shown on this video though in the comments...people complaining about the low interest rates lately lol : https://www.youtube.com/watch?v=R1NJlqgN61cCLKAMG1 day ago
Hey Glenn, what about the interest %?
Was 0.06% two days ago , 0.14% yesterday and 0.00% for tomorrow ( pending ) !!
I understand they went through a lot with the glitch, but this is horrible man.... will it stay like this?
Reply 3
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Glenn Arcaro22 hours ago
Try and relax. We've had 0% days in the past. It's all good. The system was down the last couple of days. Of course the volatility is going to be close to zero in those days. I would be worried if it wasn't. lol
Reply 2
CLKAMG22 hours ago
Glenn Arcaro I want to add another 10k$ to the system but will wait until it goes over 0.80-1% first... thanks Glenn
Reply
Glenn Arcaro19 hours ago
Personally, I don't look at it like that because the rate is always fluctuating. It's the average over 30 days or more that's important. I don't pay too close attention to the daily fluctuations. Anyway, that Glenn is another weird one going on about banking conspiracy theories half the time....probably trying to draw in his target audience lol
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Everything is working on the site except BTC wallet...the BCH wallet is working fine I almost forget about that one (it's a tab on the BTC wallet) so there are two ways to deposit and withdraw still. I also noticed if you click the bitcoin tab (not the dashboard wallet that is disabled) you can still click the deposit and withdraw buttons. The deposit one says no address available for deposits. The withdraw one seems to work fine so maybe there is as way to withdraw still! People could arbitrage the price if it worked. Basically the BCH wallet is a bit useless as you can only deposit and withdraw to and from BCH wallets: "However Bitconnect members will not be able to buy BitConnect coin (BCC) using BitCoin Cash (BCH) tokens at the moment." Noticed this in the security section lol BitConnect Account Security Guidelines.
BitConnect aims to create maximum safety for each member. We want you to be careful and not allow the scammers to steal your data, so we have created detailed instructions on how to protect yourself from possible threats.
Dear members!
Be aware of any hacker activities! For your own security keep your firewall and Anti-Virus program working, watch out for key-loggers, spoofed website, and the URL in address line should always be
Keep in mind, BitConnect never ask you to send your password or access code by e-mail and doesn't offer anything other then published on website.
Don't visit suspicious websites or download unknown programs even if they offer to reinforce the protection of your computer. Such programs may contain malware, adware, viruses, exploits, bots.
We recommand you to use strong and unique password for BitConnect account. Do not use the same password for other online services.
Attacker attempts to hack your E-mail in order to get access to your Bitconnect account using the password recovery procedure. Make sure you set maximum security for your Email account.
If you failed to protect yourself and the scammer hacked your account - do not panic.
Check whether you still have access to the Bitconnect account. If so, write to the support service immediately. Bitconnect will temporarily stop operations using your Bitconnect account, so that the scammer couldn't withdraw money.
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big fucking ponzi scam
That Craig Grant isn't looking good lol https://www.youtube.com/watch?v=rzkuJi4FNJsWell bitconnect is making loads of profit and it would be quite easy to work out when they might get in trouble because their coin value would plummet and that would be the real test (if they do it properly then the lenders would be safe). That would be their real test. Actually, disabling BTC withdrawels means people can't take advantage of higher prices of their coin on their exchange by buying it on other exchanges and selling it on bitconnect (they can do but the BTC is stuck there). People would not be buying BCC on their exchange either as there is no way of getting BTC there, so basically the price is stuck at the moment... but obviously people can sell their BCC there for more BTC as the price is about 10% higher. So I'm surprised the coin hasn't gone down while they fix their BTC wallet. Bitconnect Dashboard is down now....can log in but HTTP 500 error on the dashboard and doesn't load....other people reporting it.
"Say it ain't so, BitConnect. Say it ain't so!" Bonus link NSFW: https://www.pinterest.pt/source/julieestiva.tumblr.com/Yeah it was on that youtube video I gave in the description. Seems like he's a bit of a hustler at least. Bitconnect aren't actually insolvent though but not sure most people realise that. The dashboard is working and I sent them 3BCC just before it went down to see if the deposit worked and surprisingly it was in the account as soon as the dashboard came back up. So no problems there. I've got another 10 BCC so will probably stake them in the desktop wallet. You make more money on average just holding the coins. By the way, the speed of deposits/withdrawels are really fast compared to bitcoin... they seem to be almost instant (in fact the timestamp on bitconnect is a few seconds before livecoin lol). |
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Bitconnect Dashboard is down now....can log in but HTTP 500 error on the dashboard and doesn't load....other people reporting it.
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big fucking ponzi scam
That Craig Grant isn't looking good lol https://www.youtube.com/watch?v=rzkuJi4FNJsWell bitconnect is making loads of profit and it would be quite easy to work out when they might get in trouble because their coin value would plummet and that would be the real test (if they do it properly then the lenders would be safe). That would be their real test. Actually, disabling BTC withdrawels means people can't take advantage of higher prices of their coin on their exchange by buying it on other exchanges and selling it on bitconnect (they can do but the BTC is stuck there). People would not be buying BCC on their exchange either as there is no way of getting BTC there, so basically the price is stuck at the moment... but obviously people can sell their BCC there for more BTC as the price is about 10% higher. So I'm surprised the coin hasn't gone down while they fix their BTC wallet. |
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Well that's another thing I completely forgot to mention. As I assumed when people buy BCC from their BTC deposits that the BTC sort of just *poof* disappears but obviously bitconnect not only hold the BCC that customers buy and then lend (for the loan periods at least) but bitconnect also keep most of the BTC (assuming other customers aren't buying it much on the exchange). If they don't use it in the exchange, which I think they should then not sure what they do with it. The simple rise in the BTC makes them even more profit than I thought. Anyway, I don't think the wallet you show even had 10K bitcoin and that is less than $50million. I think people must have been depositing more than that. I've seen some of Trevor's videos and other and each have a few million $ in deposits each from just their own referrals. It's true that maybe bitconnect are the ones who mostly buy the BTC on the exchange. Most people just buy BCC with their BTC by selling the BTC on the exchange (so you'd assume that most buyers of BTC are actually bitconnect). The thing is that even though bitconnect (or rather the exchange users) sell the BCC to the customers, bitconnect still hold onto the BCC until they want to withdraw. They basically have both almost all the BTC and all the BCC most of the time that the customers supposedly buy if they just then loan it. They could be trading with either, as it doesn't really matter which or even switching between them or buy one with the other etc. I don't know, maybe I'm confusing myself now.
  "Please, prey tell, explain to me as if I'm a young child or a Golden Retriever how our magic trading bot trades a newly created cryptocurrency - BCC - so to guarantee our Investards at least a 30% ROI per month while the bitcoins they sent to us sit idle?"Well technically bitconnect shouldn't have any of the BTC since it's traded on the exchange between other users but I just explained maybe they would be quite often the buyers since most people would be using the exchange to buy BCC rather than trade. Like I said before, I'm sure bitconnect could make guaranteed profits (other than commission on trades) on their own exchange as they have information before other traders about volume of recent BTC deposits etc so can predict the price movements. I'm not sure they do anything like that, as they had their trading bot before they even had the exchange. So basically, the BCC is what is being lent and not the BTC (but customers only get back the USD amount which is always less BCC if the coin rises). I think they must hold a lot of the BTC too, though, by buying it on the exchange with BCC but they don't actually need to do that. Oh, I just remembered something I heard on one of the promoter's videos (probably Craig's) is that bitconnect do have a strategy of buying bitcoins as they want to build up a reserve of it. |
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For those playing at home, follow the money --> https://www.walletexplorer.com/wallet/07d4964e704c33dcFor those new to the game, simply click the links and follow BitConnect's BTC and see for yourselves how the coins loaned to them are working hard earning even more value, in turn making money for their Investards as the coins sit in a Magic Bot Mayonnaise ® jar atop a shelf collecting dust.  "Joey, what we're witnessing is truly remarkable! For over a month, Benny, to your left, has been trying to convince his cousin, Scott, to your right, to add a hundred dollars to the big pile of money belonging to BitConnect as seen in the center of the table. Scott is convinced that it's a scam because he has seen very little money leave the pile as it continues to grow bigger. Benny, on the other hand, explains away his cousin Scott's concerned by expressing that those who invested are reinvesting their money, hence the big pile of cash in the center of the table which most likely is BitConnect's profit not utilized via their magic trading bot.
Looks like Scott is about to give in to the logic, asking Benny to prove that he can indeed withdraw his funds from BitConnect's platform. Benny's taking a long time to respond to cousin Scott's request. Oh my fuckin god! Joey, did the studio catch that move? Benny just said that he can't comply to Scott's request because for reasons outta his control, BitConnect has locked down his and hundreds of other users accounts.
Looks like Investards have lost another bout to the Great Ponzi,
the record now standing at 50-0."Here is the richlist of bitconnect https://chainz.cryptoid.info/bcc/#!rich https://chainz.cryptoid.info/bcc/#!overview Well that's telling: https://chainz.cryptoid.info/bcc/#!rich ONLY a total of 6,065 Investards invested in BitConnect. My bad! Less, given that some Investards maintain more than one wallet address because they once read somewhere (perhaps some Flat-earth forum) that it's best to not put all your brown eggs in a white egg carton - diversify! If you are talking about the exchange platform and 'loaning' system then nobody really knows how bitconnect organise all the BCC they are holding for the customers. They may move most of it to a few main wallets. Someone can probably find out from seeing if the funds stay in the deposit addresses. There are not 7.5million though BCC in circulation, as 1,000,000 is stored somewhere as a reserve. Market Cap $778,472,544 177,375 BTC Volume (24h) $6,413,270 1,461 BTC Circulating Supply 6,541,456 BCC Total Supply 7,572,388 BCC Max Supply 28,000,000 BCC |
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For those playing at home, follow the money --> https://www.walletexplorer.com/wallet/07d4964e704c33dcFor those new to the game, simply click the links and follow BitConnect's BTC and see for yourselves how the coins loaned to them are working hard earning even more value, in turn making money for their Investards as the coins sit in a Magic Bot Mayonnaise ® jar atop a shelf collecting dust. "Joey, what we're witnessing is truly remarkable! For over a month, Benny, to your left, has been trying to convince his cousin, Scott, to your right, to add a hundred dollars to the big pile of money belonging to BitConnect as seen in the center of the table. Scott is convinced that it's a scam because he has seen very little money leave the pile as it continues to grow bigger. Benny, on the other hand, explains away his cousin Scott's concerned by expressing that those who invested are reinvesting their money, hence the big pile of cash in the center of the table which most likely is BitConnect's profit not utilized via their magic trading bot.
Looks like Scott is about to give in to the logic, asking Benny to prove that he can indeed withdraw his funds from BitConnect's platform. Benny's taking a long time to respond to cousin Scott's request. Oh my fuckin god! Joey, did the studio catch that move? Benny just said that he can't comply to Scott's request because for reasons outta his control, BitConnect has locked down his and hundreds of other users accounts.
Looks like Investards have lost another bout to the Great Ponzi,
the record now standing at 50-0." Well that's another thing I completely forgot to mention. As I assumed when people buy BCC from their BTC deposits that the BTC sort of just *poof* disappears but obviously bitconnect not only hold the BCC that customers buy and then lend (for the loan periods at least) but bitconnect also keep most of the BTC (assuming other customers aren't buying it much on the exchange). If they don't use it in the exchange, which I think they should then not sure what they do with it. The simple rise in the BTC makes them even more profit than I thought. Anyway, I don't think the wallet you show even had 10K bitcoin and that is less than $50million. I think people must have been depositing more than that. I've seen some of Trevor's videos and other and each have a few million $ in deposits each from just their own referrals. It's true that maybe bitconnect are the ones who mostly buy the BTC on the exchange. Most people just buy BCC with their BTC by selling the BTC on the exchange (so you'd assume that most buyers of BTC are actually bitconnect). The thing is that even though bitconnect (or rather the exchange users) sell the BCC to the customers, bitconnect still hold onto the BCC until they want to withdraw. They basically have both almost all the BTC and all the BCC most of the time that the customers supposedly buy if they just then loan it. They could be trading with either, as it doesn't really matter which or even switching between them or buy one with the other etc. I don't know, maybe I'm confusing myself now. |
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I dont understand why so much people are telling it's the end because we can't withdraw or deposit btc because you can deposit or withdraw bcc. So if someone really need his money just send the bcc to novaexchange and sell it there or if you want to do a loan just buy bcc on novaexchange and send it to your bitconnect account ? If you have btc on your wallet you also can buy bcc on the exchange and sell it on nova to have your btc...
Yeah they announced the problem with non-working or very slow BTC transactions. They have disabled deposits too so aren't trying anything dodgy. BCC transactions seem fine. That Craig guy put up a new video with more info. Apparently some company being formed with the promoters. All I know, is that bitconnect are making more money than their liabilities to investors and anyone else can see that if they do their own calculations. So why do people think it's a Ponzi if it's been solvent for all this time? The only worrying thing is I noticed on that Trevor guy's channel video that someone linked to last (when he sold his BCC coins right at the bottom of the market- he would have got $6K+ in staking interest a month for a long time) someone in the chat boasting about withdrawing his 13BTC into 156BTC (basically close to becoming a millionaire in stolen funds - well half a million isn't far off). Some 'bob' guy I think his name was asked if anyone else got rich from the glitch on in the chat and that his account is suspended but 'fuck it I'm keeping it' (here it is: https://youtu.be/lppYREYmxtY?t=131 ). So if many people stole these funds, then bitconnect are the ones having to cover this. So it's a bit ironic in my view but I can't see them being in much trouble after all the profits they've made over and above what they owe people. Bitconnect also have a million BCC that are kept out of circulation from the total supply so can probably cover these sorts of things (I think this reserve is mentioned in this video: https://www.youtube.com/watch?v=KxSeU0lfAww ). Instead of people just calling it a scam can someone point out where I am wrong about them not being able to cover all the money people are earning without even going into any reserves as they are actually profiting from the loan system just as much or more than the investors are. I just want someone to point out where I'm wrong as I'm willing to change my mind but other people don't seem to want to explain to me where I am wrong. |
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This guy has understood too so look at his explanation at this time (he shows how they make money from the lending here I think): https://youtu.be/wFJYlhDlJ6Y?t=418So how come if it's not only me who understands how they are making a ton of money, people are still not getting it on this thread that it's not currently being a Ponzi ? UPDATE: Found another but was a bit more complicated : https://www.youtube.com/watch?v=HviRDE_wPI0 |
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what happened to bcc recently , was increasing consistently, recently was a drop. why?
A few glitches. This guy had his BTC deposit not go to his wallet around the time of the problems and he's currently suspended but he isn't worrying about it. Apparently he has spoken to some of the developers who say that anyone who had deposits lost will get them back: https://www.youtube.com/watch?v=EHeDcoeHV8c |
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Who are these new people posting? I saw that vid on reddit too but he obviously doesn't understand how it works. Bitconnect doesn't care if people start withdrawing their deposits as they are all covered. When people withdraw at this time, both the investor and bitconnect will have made profit (people put in more BCC than they get out even including all the interest when lending because although they have increased their capital amount in USD it is less than they would have got just holding their coin). Bitconnect are sharing the profits from the coin increase with those lending and only the coin holders should have any risk if they set it up correctly. By the way, I just saw some video with this guy: https://www.youtube.com/watch?v=nucXgUQcsoo and it was incredible how he was getting like $200 an hour almost coming into his lending wallet from other people depositing lol |
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People are obviously being thick here if they think bitconnect are losing money. They are ridiculously in profit so far well above investor funds they are liable for. Even that DJ video Gleb posted at the top of the last page seems to realise this too (he mentions not really believing there is a bot but thinks it the rise in the coin price that is allowing bitconnect to give some of the profit after people lock it into USD as I already explained). All this disinformation about it being a Ponzi when bitconnect are actually sharing their profits with investors and are raking it in many times their liabilities.
Regarding BTC withdrawels, someone on reddit has posted that it worked but was just slow (took 12 hours someone mentioned for his BTC withdrawel).
That being said the interest for the last day was only 0.16% for me so wonder what happened to the bot lol bitfinex paid me half of that yesterday so maybe they are a Ponzi too hehe.
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