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stunvn
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August 25, 2017, 10:09:15 AM |
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Ridley69
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August 25, 2017, 10:11:41 AM |
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I have a question:
I receive my daily interests in $ right? But what about my initial investment?
Will I get back in $ or BCC?
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AGM76
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August 25, 2017, 10:13:38 AM |
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"hacks" and "bugs" are what happens when they need an excuse to exit or delay their scam... you people will believe anything
Haven't you seen how fast their coin value has grown? When people sell 1 BCC for X USD and lock it down for 30% interest a month, it might seem too good to be true but obviously it's not if the coin increases in value more than this. They are not taking money from other investors. They are generating profits because the BCC they give back after the investment period including all the interest is a fraction of the original BCC investment as it has grown at a greater level. The people holding the coin are the ones who may lose out if it crashes but that's normal, but those lending and accepting a variable interest (which they obviously set depending on their own profits and projections etc) should be safe if the scheme is done properly. They have tons of BCC to stabilise the price if need be too. They obviously also generate a percentage of profits on the volume on their own exchange etc. and must also be keeping a strong reserve from the vast profits so far they have made from the lending scheme. Anyway, nobody knows what happened earlier tonight yet but sounds fishy... (by the way all their ads say that lenders are GUARANTEED some interest but they can vary it at will, but they can't guarantee the price of the coin and that is where the risk is - even though the coin itself generates 8% monthly interest at the moment which covers affiliate costs as when people lend they lose out on that growth too) The value of BCC/USD has nothing to do with BitConnect. They don't pay you in USD or BTC (no, the USD in your lending wallet is not real money, jackass), they pay you in BCC tokens which they pre-mined millions of. The only way you can convert your BCC to BTC/USD is by trading it with another person (not Bitconnect) I'm talking about their lending offer where you get a fixed USD amount and variable interest. You don't actually lend them BCC because you don't even get near the same amount of BCC back as the price goes up so much so they are not taking money from any other investors for that offer. It's like there was a company where you gave them bitcoin and then later they gave you less bitcoin back.... normally you would complain it was rip off but because the price of bitcoin went up, you can still make a profit and everyone is happy. They are basically guaranteeing your investment and some profit if they predict the price is increasing more than they give you and they can probably predict things well enough for that...... it is obvious they should be generating profits from the exchange at least let alone anything else. |
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AGM76
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August 25, 2017, 10:21:30 AM |
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I have a question:
I receive my daily interests in $ right? But what about my initial investment?
Will I get back in $ or BCC?
They give you the dollar amount back....which IS ACTUALLY LESS than the BCC amount so that's why I'm saying it isn't a Ponzi at the moment. It's like you give a company a bitcoin and they give you less, how can that be a Ponzi? When you lend, the BCC generates it's own 8% a month profit too for bitconnect and you give that growth up too. That is what is paying the affiliates. While the price is going up they are not losing any money paying back any investors. They should be keeping a strong reserve of profits to try and keep the price stable but eventually the coin will probably crash but that doesn't mean the people lending need to lose out as they are supposed to have no risk. |
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stupido656
Newbie
 Offline
Activity: 43
Merit: 0
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August 25, 2017, 10:59:39 AM |
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I have a question:
I receive my daily interests in $ right? But what about my initial investment?
Will I get back in $ or BCC?
They give you the dollar amount back....which IS ACTUALLY LESS than the BCC amount so that's why I'm saying it isn't a Ponzi at the moment. It's like you give a company a bitcoin and they give you less, how can that be a Ponzi? When you lend, the BCC generates it's own 8% a month profit too for bitconnect and you give that growth up too. That is what is paying the affiliates. While the price is going up they are not losing any money paying back any investors. They should be keeping a strong reserve of profits to try and keep the price stable but eventually the coin will probably crash but that doesn't mean the people lending need to lose out as they are supposed to have no risk. If they had this magical volatility trading bot, why do they want/need people to lend them money when they could use their own money for it and be the richest in the world in under 4 years time and have all the money in the entire world within 6-8 years? With a initial 100,000$ investment and 1% daily compounded interest rate they could run it up to: 3,7$ million within a year 142$ million within 2 years 5.4$ billion within 3 years 203$ billion within 4 years 7.7$ trillion within 5 years 290$ trillion within 6 years 11$ quadrillion within 7 years 415$ quadrillion within 8 years 15.7$ quantillion within 9 years 592$ quantillion within 10 years http://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php |
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AGM76
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August 25, 2017, 11:21:35 AM |
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The interest rate is to get people interested but obviously it won't last so long at that level and they can vary it as much as they like (they should be able to predict their daily profit). Their system is much preferable to other coins tbh for creating a stable currency, which I think is one of their aims, especially with their own exchange. The exchange should be counted as an asset too and should generate regular profits, just like their lending system currently generates profit. They have a lot of reserves but they shouldn't be paying interest if the coin price falls as basically they pay everything in BCC. With bitcoin and most cryptocurrencies any group of whales could dump it when they feel they have profited enough so their system has more protection over that. During falls in demand and price, instead of selling their BCC, people would be tempted to lend it and lock it away to guarantee at least some interest in the future and this lowers sell pressure also.
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arbitro
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August 25, 2017, 11:37:32 AM |
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It's a cult, this damned ponziscam is a cult like onecoin and control finance and all the rest of ponzi operations. You wont wake up the zombies until it's too late. Just enjoy the carnage, the chaos, the drama and the hunt for promoters when this shit really goes down forever. There will be blood on the streets. It will be so epic the cryptospace will hit mainstream news   |
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coinzoid
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August 25, 2017, 12:05:35 PM |
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Can someone explain what happened to cause such drop in less than 24 hours? It looks like their website is not available atm, however livecoin (the exchange with lowest price) is now available again.
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reffi
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August 25, 2017, 12:08:09 PM |
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OMG!!! I finally decide to buy BCC for $120! And next day it crash 40% OMG!!!!!!!!! I lose $4800 in 1 night!!!! Half my money gone!!! WTF!!
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rocketron
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August 25, 2017, 12:13:13 PM |
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Dont panic. Hold it will recover. There was a exploit discovered so bitconnect pulled the kill switch to investigate and fix. Do not worry. OMG!!! I finally decide to buy BCC for $120! And next day it crash 40% OMG!!!!!!!!! I lose $4800 in 1 night!!!! Half my money gone!!! WTF!!
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AGM76
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August 25, 2017, 12:18:07 PM |
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OMG!!! I finally decide to buy BCC for $120! And next day it crash 40% OMG!!!!!!!!! I lose $4800 in 1 night!!!! Half my money gone!!! WTF!!
No, don't worry it will probably be back up to over $130 again soon. I managed to do well out of this thread and not sleeping lol I bought 30 for 0.008 each and sold them for $1600 profit on livecoin at something like 0.021 which is quite low but I thought it would be best to guarantee it. Obviously, I will probably regret selling so low later but I still plan to invest when/if bitconnect comes back as I've worked out how they can sustain themselves. I also invested in bitconnect the other day but at least I have more than I invested back now too so wouldn't have lost any money. |
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JACKSEG
Newbie
Offline
Activity: 63
Merit: 0
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August 25, 2017, 12:20:10 PM |
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Dont panic. Hold it will recover.
There was a exploit discovered so bitconnect pulled the kill switch to investigate and fix. Do not worry.
Do you have sources ? Why do not they put anything on tweeter? |
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AGM76
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August 25, 2017, 12:25:44 PM |
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The price is around $100 at mo. If there is no news in the coming hours then likely the price might fall a bit, I suppose. I'd be tempted to buy again but I think I will just wait now.
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Papski
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August 25, 2017, 12:28:02 PM |
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OMG!!! I finally decide to buy BCC for $120! And next day it crash 40% OMG!!!!!!!!! I lose $4800 in 1 night!!!! Half my money gone!!! WTF!!
Congratulations for getting fooled, you deserve like the others a warm of applause. You made the ponzi lovers richer hehehe. Please coming back to get assed. |
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AGM76
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August 25, 2017, 12:33:45 PM |
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OMG!!! I finally decide to buy BCC for $120! And next day it crash 40% OMG!!!!!!!!! I lose $4800 in 1 night!!!! Half my money gone!!! WTF!!
Congratulations for getting fooled, you deserve like the others a warm of applause. You made the ponzi lovers richer hehehe. Please coming back to get assed. What is Ponzi about it, though? I already tried explaining how they are even profiting from their lending at the moment due to the demand for the coin. People lock away their BCC and give all the growth and interest to bitconnect and bitconnect currently pays them back less than this growth in value..... they don't even need to generate profits at the moment but they are generating a lot. |
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IOTUSA
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August 25, 2017, 12:34:18 PM |
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Papski
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August 25, 2017, 12:35:54 PM |
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OMG!!! I finally decide to buy BCC for $120! And next day it crash 40% OMG!!!!!!!!! I lose $4800 in 1 night!!!! Half my money gone!!! WTF!!
Congratulations for getting fooled, you deserve like the others a warm of applause. You made the ponzi lovers richer hehehe. Please coming back to get assed. What is Ponzi about it, though? I already tried explaining how they are even profiting from their lending at the moment due to the demand for the coin. Sorry I don't have a time to talk to sock-puppet accounts. Please provide any proof that they are actually lending to people, businesses, etc. but till now you and along with sock-puppets accounts can't. |
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IOTUSA
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August 25, 2017, 12:37:15 PM |
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OMG!!! I finally decide to buy BCC for $120! And next day it crash 40% OMG!!!!!!!!! I lose $4800 in 1 night!!!! Half my money gone!!! WTF!!
Congratulations for getting fooled, you deserve like the others a warm of applause. You made the ponzi lovers richer hehehe. Please coming back to get assed. What is Ponzi about it, though? I already tried explaining how they are even profiting from their lending at the moment due to the demand for the coin. People lock away their BCC and give all the growth and interest to bitconnect and bitconnect currently pays them back less than this growth in value..... they don't even need to generate profits at the moment but they are generating a lot. Yeah, you can try to explain all day long, won't help a Ponzi. |
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Papski
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August 25, 2017, 12:40:47 PM |
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OMG!!! I finally decide to buy BCC for $120! And next day it crash 40% OMG!!!!!!!!! I lose $4800 in 1 night!!!! Half my money gone!!! WTF!!
Congratulations for getting fooled, you deserve like the others a warm of applause. You made the ponzi lovers richer hehehe. Please coming back to get assed. What is Ponzi about it, though? I already tried explaining how they are even profiting from their lending at the moment due to the demand for the coin. People lock away their BCC and give all the growth and interest to bitconnect and bitconnect currently pays them back less than this growth in value..... they don't even need to generate profits at the moment but they are generating a lot. Yeah, you can try to explain all day long, won't help a Ponzi. These guys are the same ponzi lovers here in our country, all they can say that they are generating magical profits even without providing facts and proof. Atleast the ponzi lovers here can provide fake papers and documents when explaining to their victims. LMAO |
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