Exactly. Most BCC investors don't understand how they are putting their money into a centralised organisation with monumental control over token pricing and also storing all the wealth outside the control of the people. This lesson will come as a crushing blow when the day comes that they cant log on to the website.

Samsonn25, you are correct that the people will throw away more money into other scams. Just look at all the morons that lost money in Bitpetite! They're already pouring money into Bitconnect and Ethconnect! Some of these people are beyond help but we need to educate other newbies before they get sucked in.

lol , yes wait , one day maybe 

dont know. but only yakov could stop this.

Today the market cap dropped from 2 billion to 600 million. What happened?
Should I still invest in "bitconnect" ?

I don't post on these forums much but I can confirm this is one of the worst scams I've seen. FIRSTLY, the coin was around $2 when the scammer sent some illiterate email about dumping. Everyone can do what they want with the coin and it doesn't matter if the coin value goes down in a normal way from people wanting to sell (most was locked away in BTB anyway). For lenders it doesn't matter how much the coin is worth. They buy it at whatever price and then still get the same interest on the dollar amount.

This isn't what has happened, though. SECONDLY, the scammer who started this site (are you sure it's regulated by FSA as shown in the footer?) decided to release 15% of the BTB balance for reasons he gave which wasn't the original plan. He then didn't process some (most?) withdrawals to exchanges (they stay as pending for days). Another nonsensical email followed about dumping when the vast majority were in the BTB balance still (not BTBc) and only the scammer could dump his coins (which is just greed considering the ICO money he has).

He then changes it for a THIRD time in as many days it seemed. This time he puts all the BTB balance into a lending scheme at a rate of over $1 each BTB.

This is where the REAL SCAM happens. The FOURTH thing he did was create massive volume (even greater than REGAL COIN) 24 hours ago on coinexchange. REMEMBER EVERYONE HAD SOLD BY THEN AND ALL THEIR REMAINING BTB WAS FORCIBLY PUT IN A LENDING PLAN A WHOLE DAY PREVIOUSLY. Nobody else but the scammer could have been selling all these coins (they were near $2 still). THE VOLUME WAS RIDICULOUSLY HIGH.  How the scammer could then say it was the users dumping the coins is beyond belief when everyone's coins were locked up!

Just to prove this, about 15 hours ago, the price on Coinexchange was not much more than 20cents!! It was nearly $2 just hours earlier. At that time I was querying this on a discord channel. I looked in my account and noticed that my well over 24hours coinexchange withdrawal was STILL PENDING (this was the withdrawal of the 15% plus 50 bonus). I also noticed I had OVER $1000 IN THE LENDING which was the automatic thing. Remeber this was probably EIGHT HOURS after the coin had already mostly collapsed and nobody had access to their coins as it was all in the lending.

SO AFTER THE SCAMMER DUMPS ALL HIS COIN THROUGH PURE GREED (HE ALREADY HAS THE ICO FUNDS) he tries to blame it all on everyone else! He sends another illiterate email reversing his previous loan. So now he doesn't even have to pay any interest any more! Also the $1000 loan can now only be a $200 loan due to the fall in price if anyone wants to lend the returned balance. Who now is going to lend after a 80% fall? Nobody would want the loan cancelled in these circumstances but he still says this was for our benefit and due to us etc!

FINALLY (FIFTH), the pending withdrawal NOW TOTALLY DISAPPEARS from the transaction list. It isn't on coinexchange either (my 200 pending). The previous BTB loan amount is now in the BTBc balance but he doesn't convert the dollar amount but uses the much lower exchange value from the scammer dumping the coin. He doesn't even return the full $1000 loan value, but just the same amount of BTB coins which are NOW WORTH EIGHTY PERCENT LESS (I can now only loan $200 instead of $1000 so who would want that to be the case and what else can anyone do but sell if the scammer doesn't reinstate the loan from before with the much higher value). A capital release from the loan should have been the exact same dollar value, obviously. Nobody would want it returned if the price was dumped on.

In his email he is trying to say that the loan was returned before the huge dump BUT IT IS A MASSIVE LIE!!! Even many hours after the price collapsed everyone's money was in the lending (so nobody else could have sold any coins). I was checking it myself and didn't understand why the price was so low on coinexchange when everyone's BTB was locked in the lending (mine definitely was many hours after the dump as proven in the discord chat at the time).

So basically, the scammer didn't even want to pay the interest on the loans after selling millions of $ worth of coins in a matter of hours so cancelled the loans many hours AFTER the price went so low. Nobody else dumped, as it was impossible. Also, withdrawals that weren't processed and were pending (to exchanges) totally disappeared at that point too.  He then pretended he sent the email before the dump instead of after he dumped!!

Now BitBase is Withholding my BTBc with I tried to send to my other BTBc wallet at CoinExchange.

So First they stole my 879 tokens and made a loan with them at 1.30.

Next morning, they cancelled the loan and returned the tokens,

then when i tried to withdrawal them, they have them locked up ( PENDING )...

I mean what the HELL is going on with BitBase ?