[ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency

[jon_crypto]

Which is true? Bitconnect website, 1 BCC = 153.41USD or CoinMarketCap, 1 BCC = 58.06USD ( -54.76% )
Are they running with the money 

Noted @ 11:21pm EST Aug. 24, 2017

[1714852548]

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[1714852548]

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[1714852548]

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[1714852548]

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[jravago]

Which is true? Bitconnect website, 1 BCC = 153.41USD or CoinMarketCap, 1 BCC = 58.06USD ( -54.76% )
Are they running with the money 

Noted @ 11:21pm EST Aug. 24, 2017

Someone just dumping and BCC stops the trading at BCC website. Good time to buy cheap coins.

[AGM76]

Which is true? Bitconnect website, 1 BCC = 153.41USD or CoinMarketCap, 1 BCC = 58.06USD ( -54.76% )
Are they running with the money  

Noted @ 11:21pm EST Aug. 24, 2017

Coinmarket cap are excluding the price on their exchange as an 'outlier'. Novaexchange is the one with the low price but not sure why....it might be a good investment. But novaexchange is only a few percent of the trade volume of the bitconnect exchange. Some people say the volume bitconnect report is not correct...who knows....  https://coinmarketcap.com/currencies/bitconnect/#markets

.......but some activity is happening. Anyway as I've outlined that they don't seem to be a Ponzi at the moment, then I don't think they should be hounded as then a lot of people probably will lose money.

[judeafante]

Which is true? Bitconnect website, 1 BCC = 153.41USD or CoinMarketCap, 1 BCC = 58.06USD ( -54.76% )
Are they running with the money 

Noted @ 11:21pm EST Aug. 24, 2017

Someone just dumping and BCC stops the trading at BCC website. Good time to buy cheap coins.

The last time it happen was a long time but I'm keeping my coin and let's see how it's going to go in the next 24 hours this is crypto currency trading and just like all the coins in the market people will dump and people will pump it's up to you to decide where you want your money to go.

[AGM76]

Actually, the price is going up on bitconnect to over $152 (10% increase). I think the sudden rise is making coinmarketcap exclude it from its results.. Anyway, I'm going to buy some of their tokens as I am pretty sure they are profiting from the lending (hopefully taking the massive profits into bitcoin or USD for times when they need it and not just holding their extra BCC as they have enough of that already).

update (seems some activity):
$144 on bitconnect exchange at the mo and sometimes the webpage updates and says $0 for both bitcoin and/or bitconnect coin  and coinmarketcap sometimes has the zero value in their results.... not sure if this is common or not for them.

[smyslov]

Damn it was down 59% ago i thought I will lose my investment just like that but after refreshing the page this is what i saw
https://coinmarketcap.com/currencies/bitconnect/ $139.93 (9.28%)
0.03224440 BTC (4.40%)

Guys be careful do not put all your eggs in one basket and only invest what you can afford to lose don't trust Bitconnectcoin with all your retirement pay, it looks safe but not 100% safe

[AGM76]

Went to NovaExchange and people are talking on the chat box about it..I don't have an account there so willahave to sign up if I want to buy anything:

Update more people chatting about it lol:

Austinangler
i wish i could buy 100 bcc right now
2017-08-25 05:49:52
Blkancients
why so you can lose all the money on it?
2017-08-25 05:50:10
Braxton
Does this stuff happen alot?
2017-08-25 05:50:25
Braxton
A huge price crash of 90% then a rebound back to normal prices?
2017-08-25 05:50:26
Hasher
whats going on with bcc
2017-08-25 05:50:26
Austinangler
yes happened 3 times this week with other coins
2017-08-25 05:50:43
Braxton
I mean it seems like a huge money making opportunity right?

Austinangler
litecoin, monero and ripple all had different prices
2017-08-25 05:51:07
Ascends
26Austinangler not really bro because the coins will be worth a lot less
2017-08-25 05:51:12
Blkancients
Those cases aren't anything like bcc lol.
2017-08-25 05:51:14
Austinangler
ill send $500 worth of btc to anyone that can buy me some at that $22 price
2017-08-25 05:51:25
Austinangler
lol
2017-08-25 05:51:27
Ragipkir
bitconnect is different guys, its a system which kind of creates money when spent
2017-08-25 05:51:42
Ragipkir
its not as safe as other cryptos
2017-08-25 05:51:53
Blkancients
aka a ponzi scheme
2017-08-25 05:52:00
Jojogt3
BCC scam right now?
2017-08-25 05:52:03
Ragipkir
some people say its a ponzi scheme
2017-08-25 05:52:09
Ragipkir
im not sure yet
2017-08-25 05:52:13
Ragipkir
but it doesnt look good for now
2017-08-25 05:52:21
Blkancients
It's obvious its a ponzi scheme. Referal system used to make money with rediculous returns
2017-08-25 05:52:24
Jojogt3
I can't withdraw from their exchange
2017-08-25 05:52:36
Austinangler
their site is down now
2017-08-25 05:52:41
Dingusrick
buy here, sell it somewhere else besides bitconnect
2017-08-25 05:52:43
Recrypto
BCC going $1 soon

[AGM76]

Bitconnect has this message when logging in now:

We?ll be back soon!
Sorry for the inconvenience but we?re performing some maintenance at the moment. If you need to you can always contact us at inquiry@bitconnect.co, otherwise we?ll be back online shortly!
? The Team
Bitconnect

Maybe the threats on this thread has scared them lol I actually don't think it's a Ponzi though cos they must have been profiting from the USD lending rates and making huge profits too.


Now it has a different page on main screen (a few minutes earlier that message showed when logging in but now on the whole page):

We’ll be back soon!
Sorry for the inconvenience but we’re performing some maintenance at the moment. If you need to you can always contact us at inquiry@bitconnect.co, otherwise we’ll be back online shortly!
— The Team
Bitconnect

[Gleb Gamow]

As I pointed out, I think their model is sustainable since they seem to be making profit on the USD loans (not actually BCC loans) so do not need new users to cover it while the price has been going up (their affiliate payments when customers exchange it into dollars and lock away their funds for the variable interest are also ingeniously covered by the BCC coins automatic 8% monthly interest until the customers buy it back with the dollars). They also have massive reserves of BCC tokens from their premine. Not sure how many exactly, but in 6 or 7 months the monthly staking interest would have increased their own stash by 70%!

Found a couple of news stories from earlier in the year to demonstrate this growth: mid-March  2017 price $2


This was just a couple of months later : mid-May price $9



As you know it is now about 14 times this level (around $125+) after three more months so the rate seems to be increasing and they are probably profiting from the customer lending rates and are not losing any cash or needing other investment at the moment to cover the BCC payments due to the demand for their coin and the rise in price. They can easily adjust lending rates to compensate when necessary. Please someone explain where I am wrong on this?


(I've not even mentioned their own exchange where they can probably get a profit on volume traded and they can easily predict this profit for calculating their interest payments etc)

P.S. How do I insert inline images?

Reminds me of rocket scientists who are so brilliant, they're unable to go to McDonald's alone and order a Happy Meal - to have a janitor tag alone so to accomplish the task when the urge comes upon them.

[bitconnect-worldwide]

Bitconnect has this message when logging in now:

We?ll be back soon!
Sorry for the inconvenience but we?re performing some maintenance at the moment. If you need to you can always contact us at inquiry@bitconnect.co, otherwise we?ll be back online shortly!
? The Team
Bitconnect

Maybe the threats on this thread has scared them lol I actually don't think it's a Ponzi though cos they must have been profiting from the USD lending rates and making huge profits too.


Now it has a different page on main screen (a few minutes earlier that message showed when logging in but now on the whole page):

We’ll be back soon!
Sorry for the inconvenience but we’re performing some maintenance at the moment. If you need to you can always contact us at inquiry@bitconnect.co, otherwise we’ll be back online shortly!
— The Team
Bitconnect

there is nothing to worry, coinmarketcap only deducted the price from bitconnect.co from their volume
bitconnect will be back up in a minute

[ChromaticStar]

Hopefully this is it. This piece of shit ponzishitcoin needs to die.

[AGM76]

Been trying to deposit bitcoin in novatech exchange to buy some bitconnect tokens that have plummeted but can't even generate a BTC address as they have run out of them it seems lol

[bitconnect-worldwide]

Hopefully this is it. This piece of shit ponzishitcoin needs to die.

what did bitconnect to you that you so mad?

[NewbCoins]

everyone know bitconnect is ponzi. some people just greedy they want to make the money. but ponzi you never know when it will lose everything. all time high to zero very quick. goodbye money

[kchulani]

I think Bitconnect is actually very secure and good. I am not sure exactly why the price dropped so much. Does anyone have any idea why the price has taken such a great fall?

Thanks

[imconfusedman]

What gives this coin value?
All I ever saw from this was the price going up with no announcements or anything to back it up, just a website and a coin with a high proof of stake.
I bought in early and sold pretty early but I'm glad I got out, I realised the price is inflated and I remember seeing a few of the guys at the top with massive massive amounts of BCC who just looked like they were gonna dump them some day. I guess that's happening now, I feel sorry for anyone who is buying without doing any research...

[AGM76]

Like I said, I don't think they are a Ponzi and nobody has denied my analysis yet? Bitconnect must have temporarily shut down to protect themselves since the markets were going a bit crazy suddenly.... it seems to coincide with this thread and Gleb mentioning something about possible owners? Who knows... but like I said I think they had a sustainable product with the exchange profits and lending profits (that seemed too good to be true but they actually profited from).

[Gleb Gamow]

"As BitConnect goes out to sea, no longer a threat to the crypto community,
Harvey will linger for days over most of Texas."

"Bruno's onto us. The music has stopped playing. Sell it all!"

[denking]

If everythink come back at 150usd some will make a huge profit with this ... lots of buyer at 25usd on Nova

[jravago]

If everythink come back at 150usd some we get rich with this ... lots of buyer at 25usd on Nova

I just bought couple of coins. I have to scramble to get some BTC and buy cheap BCC. We all going to be rich!!!!. I bought around 0.005