[ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency

[bcdf]

what happened to bcc recently , was increasing consistently, recently was a drop. why?

[AGM76]

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

[AGM76]

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=418

So 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

[bambarmia]

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=418

So 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 ?

Dude.. you posted 1 million posts today, all of them saying that bitconnect is not a ponzi and how good they are... STOP BULSHITTING !  

[Space3003]

https://bitconnect.co/system-news/73/bitconnect-would-like-to-announce-that-only-negative-accounts-will-be-suspended/

see what will happen after the 5 days of 30aug 5pm , all negative accounts, so no witdraw possible?

[PikachuYou]

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=418

So 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

shut the fuck up you faggot shill.

go suck on Satish's dick.

btw, that cunt is just some fall guy.

did you see the piss poor standard of English he is using on his linkedin?

Any faggot who has a Masters from the UK would at least be able to write the Queen's English fluently.

https://www.linkedin.com/in/satish-kumbhani-614974140

Masterate from greenwich University, London, I involved in studying emerging technology and business networks.
Introduction to Bitcoin first time in 2013, I spend my time in learning the opportunity behind bitcoin and cryptocurrency network.
I involved with BitConnect.co as full time promoter to educate people about cryptocurrency all around the world through BitConnect Network.
BitConnect is fasted growing bitcoin and Crypto community educating people about Cryptocurrencies and it's opportunities.

[IronSongie]

As I demonstrated, the freaky thing is they don't even need any of this staking interest or buffer of millions of coins. Their lending is generally profitable in itself as long as the total BCC the customer gets back from the imaginary dollars capital and interest, is less than the amount of BCC the customer paid in for and this IS ALWAYS TRUE if the coin goes up at a greater rate than the interest they provide (which they can easily predict and adjust rates to compensate). Bitconnect are not giving people free BCC with the lending system done properly, they are accumulating more and more (I think they should take these BCC profits into USD or BTC at least to act as a buffer for when things go wrong for the coin). If they do keep the profit in BCC it also reduces the supply for everyone else with the obvious consequences of that. I don't see any downside of their system and they have ridiculous reserves.

The thing about Bitconnect vs things like Ambis is with Ambis, Bitcoin goes in, more Bitcoins come out...with nothing in-between as a buffer other than a supposed "trading bot".

But Bitconnect owns 4.8m of its own coins out of 7m or so that exist that stake another 384.000 coins into existence every period, that is not including the coins that are in the system, locked down for 299 days at a time, these are also staking out for that 299 days turning into more coins for them.

So basically they are at this time of me typing this staking coins into existence coins that are worth 122$ without the required need to supply power and computer rigs to dig them out of the network.
In current numbers they would have 585.600.000$ in coins and 46.848.000$ get staked into their own BCC wallet every period of staking, without any expenses that they need to pay to farm them.

Now the way people get in is that they use Bitcoins to buy up those BCC from people exciting Bitconnect, let's say i had a good day, i pull 100$ out of Bitconnects butt and a new guy buys my BCC and enters the platform. More and more coins enter the platform, get locked up into it, for us they turn into a % gain each day, for bitconnect they turn into additional stake coins, making them the biggest claimers of staked coins out there. Supply and Demand take care of the rest, as more coins get locked up, price of the coin goes up and at the end of the day they pay us back an imaginary $ value in their system, that then gets transfered to a BCC that has such a value and then we cash out by someone entering the system again through a bitcoin or if they need to have funds sell their own coins onto the market.

Sites like Ambis have like what to work with, if they are a ponzi scheme? their own start capital to pay the first few days ?, or just the money coming in, until money starts rolling in vs Bitconnects 585.000.000$ of assets.  Now i am not a math wizard, but if i were to do a ponzi (and i am not) and i am sitting on 585.600.000$ worth of coins, I would have been out of this game 500.000.000m ago, maybe this a long con and they need to sell the coins discreetly as not to crash the market but that would hinder their staking at some point, forcing their hand to excit devalue the coin while doing it.

I also doubt that the BCC they get each day from staking are all used up in paying out people, the volume in the last 24h is only 4.1m$ and 90% was on their own exchange, that you know they control, so in need to stay liquid they had to sell 410.000$ out of 1.500.000$ coins that they staked that day from their 4.8m coins, so not counting coins from people in their system. More than likely that amount is double and most of it is reinvested so they get more stakes for it. Oh and around a 1-2m $ in profits each day.

I honestly don't know if they have a bot, but at this point it's not really needed because the eco system keeps itself in check, coins are locked and a 10% circuit breaker prevents panic sales and they take a cut from the exchanges on their own platform. Its Genius really, the only way this ends if it's a scam when they don't have a trading bot is when the Staking time is over, which is going to be until Dec 2019 or when people lose faith in it.

But if say by then the coin is worth as much as a bitcoin and they still control 90% of the coins, their last month December 2019 they stake the last few coins that are on their platform,  then the coins for that stake would be worth 1.411.200.000$. (I know speculation but the BCC did go from 8$ to 130$ in 3 months)

So however you turn it, Bitconnect pretty much prints money until Dec 2019.
 

I love how everyone pretty much ignored my post, finally made an account to actually do a post and it gets Ignored :p

I hear you, even if they were just living of their 0.25% trading fee, seeing 90% of 4.1m dollars is being traded on their own platform every 24 hours, if i worked on/at Bitconnect i would be very happy with those daily wages that it provides at the point they are at, if they can expand on all this in the future with their own debit card charging transaction fees, they should be able to make a living of it without touching the platform on itself.

[HerMajor]

Whats the problem with BTC withdrawal?

[rudystyle]

Usually Indians speak pretty decent English. Mr. Satish having a Masters degree from UK  with that horrendous English seems fishy

[rudystyle]

Notorious youtube ponzi promoter and all around scammer Craig Grant is abandoning this sinking ship, that's all you need to know

 

No need to read dozens of threads and posts...

Source?

[rocketron]

Bitconnect is secured by a blockchain. You are not really earning usd since you cannot withdraw usd. Its just a usd value in bcc token. You lend 100 bcc. In 4 months you wont get 100bcc back. Because bcc token will be worth more. Alot you guys really dont understand bitconnect.

I have to lol at guys running off reporting to fbi haha. Absolute retards.

You are buying bcc coins. A cryptocurrency. Which has the same store of value as any other with a hardcap. One could argue that the people calling bitconnect coin a scam would also be calling bitcoin a scam.

[bambarmia]

Bitconnect is secured by a blockchain. You are not really earning usd since you cannot withdraw usd. Its just a usd value in bcc token. You lend 100 bcc. In 4 months you wont get 100bcc back. Because bcc token will be worth more. Alot you guys really dont understand bitconnect.

I have to lol at guys running off reporting to fbi haha. Absolute retards.

You are buying bcc coins. A cryptocurrency. Which has the same store of value as any other with a hardcap. One could argue that the people calling bitconnect coin a scam would also be calling bitcoin a scam.

Dude.. what drugs are you on ? Stupidity pills ?

[rocketron]

Sorry. It is you on the pills. You just do not understand how the platform works because you lack the intellect to comprehend the inner workings of the platform.

Its easy to point a finger and call something a scam when you do not understand it.

Bitconnect is secured by a blockchain. You are not really earning usd since you cannot withdraw usd. Its just a usd value in bcc token. You lend 100 bcc. In 4 months you wont get 100bcc back. Because bcc token will be worth more. Alot you guys really dont understand bitconnect.

I have to lol at guys running off reporting to fbi haha. Absolute retards.

You are buying bcc coins. A cryptocurrency. Which has the same store of value as any other with a hardcap. One could argue that the people calling bitconnect coin a scam would also be calling bitcoin a scam.

Dude.. what drugs are you on ? Stupidity pills ?

[klidex]

I've got an email regarding bitconnect.co issues. so when does bitcoin withdrawal available again? I have no any negative balances on my account

[badpeanut]

Bitconnect is secured by a blockchain. You are not really earning usd since you cannot withdraw usd. Its just a usd value in bcc token. You lend 100 bcc. In 4 months you wont get 100bcc back. Because bcc token will be worth more. Alot you guys really dont understand bitconnect.

I have to lol at guys running off reporting to fbi haha. Absolute retards.

You are buying bcc coins. A cryptocurrency. Which has the same store of value as any other with a hardcap. One could argue that the people calling bitconnect coin a scam would also be calling bitcoin a scam.

Please stop defending bitconnect, you and AGM76. Most of the guys that were defending here in the past now just observe instead of fight back. This is the moment you shouldnt support bitconnect but you need to support the people/investors. Its basically 1 vs all. Tens of thousands is being invested by individuals and some even take loans to invest. This will hit CNN news for sure

If you and AGM76 keep defending then maybe you are on the bitconnect team, maybe Gleb need to dox you both.

[Papski]

I've got an email regarding bitconnect.co issues. so when does bitcoin withdrawal available again? I have no any negative balances on my account

No, you are not allowed to withdraw thats the rule of the ponzi game. When its time to end they do selective pay-outs likely you are not one of the lucky ones to cash-out.

[bambarmia]

I've got an email regarding bitconnect.co issues. so when does bitcoin withdrawal available again? I have no any negative balances on my account

Withdraw will be never available again. The bitconnect dudes are having now nice time spending millions that they have taken away from the believers of FREE MONEY ang GETTING RICH QUICKLY ! Me and many others predicted many times on this topic that this HUGE SCAM will collapse very soon, but nobody was listening.

[d3nz]

I've got an email regarding bitconnect.co issues. so when does bitcoin withdrawal available again? I have no any negative balances on my account

Withdraw will be never available again. The bitconnect dudes are having now nice time spending millions that they have taken away from the believers of FREE MONEY ang GETTING RICH QUICKLY ! Me and many others predicted many times on this topic that this HUGE SCAM will collapse very soon, but nobody was listening.

Not really. Deposit/Withdraw of BTC and BCC is now enabled.

As i can see Bitconnect team is really doing great and investment program is excellent. They just disabled some member who took advantage of the glitch and withdraw a lot of BTC/BCC.

It is easy to accused a scam and even you're not part of the program. Posting on threads just to rank their account.

[bambarmia]

I've got an email regarding bitconnect.co issues. so when does bitcoin withdrawal available again? I have no any negative balances on my account

Withdraw will be never available again. The bitconnect dudes are having now nice time spending millions that they have taken away from the believers of FREE MONEY ang GETTING RICH QUICKLY ! Me and many others predicted many times on this topic that this HUGE SCAM will collapse very soon, but nobody was listening.

Not really. Deposit/Withdraw of BTC and BCC is now enabled.

As i can see Bitconnect team is really doing great and investment program is excellent. They just disabled some member who took advantage of the glitch and withdraw a lot of BTC/BCC.

It is easy to accused a scam and even you're not part of the program. Posting on threads just to rank their account.

Nothing is enabled ! No wonder that the person who is advertising  another scam called deeponion is making the statements like this

https://bitcointalk.org/index.php?topic=2057229.msg20520155#msg20520155

[rocketron]

https://youtu.be/Ot9CjaTjzPo