[ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency

[jravago]

Today I see the volume of BCC at $29 Million. The volume is usually 5 Million only per day. So 6 times more volume today  and the price hardly changed. That means that 6 times more people today suddenly decided to sell BCC  and magically 6 times more people suddenly decided to buy too.Can that be possible?

Yes because those 6 times suddenly sell BCC there's 6 times in the other end bought those coins.

[rudystyle]

Today I see the volume of BCC at $29 Million. The volume is usually 5 Million only per day. So 6 times more volume today  and the price hardly changed. That means that 6 times more people today suddenly decided to sell BCC  and magically 6 times more people suddenly decided to buy too.Can that be possible?

Yes because those 6 times suddenly sell BCC there's 6 times in the other end bought those coins.

That's what's surprising. Imagine around 100,00 more people suddenly decided to sell today maybe they expect some negative news. Same time 100K more people decided to buy because of the same news? It does not make sense

[Gleb Gamow]

Today I see the volume of BCC at $29 Million. The volume is usually 5 Million only per day. So 6 times more volume today  and the price hardly changed. That means that 6 times more people today suddenly decided to sell BCC  and magically 6 times more people suddenly decided to buy too.Can that be possible?

Yes because those 6 times suddenly sell BCC there's 6 times in the other end bought those coins.

That's what's surprising. Imagine around 100,00 more people suddenly decided to sell today maybe they expect some negative news. Same time 100K more people decided to buy because of the same news? It does not make sense

"Hey, I've an idea. Since we's haz nothin' better to do,
let's collectively buy and sell BCC today."

[jravago]

Today I see the volume of BCC at $29 Million. The volume is usually 5 Million only per day. So 6 times more volume today  and the price hardly changed. That means that 6 times more people today suddenly decided to sell BCC  and magically 6 times more people suddenly decided to buy too.Can that be possible?

Yes because those 6 times suddenly sell BCC there's 6 times in the other end bought those coins.

That's what's surprising. Imagine around 100,00 more people suddenly decided to sell today maybe they expect some negative news. Same time 100K more people decided to buy because of the same news? It does not make sense

100k people can't sell their together if no body is buying bcc coins, so it is impossible to sell all together. or else the market will crash.

[AGM76]

Something weird happened: https://coinmarketcap.com/currencies/bitconnect/#charts   (look at 1  day graph)

Volume increased dramatically and selling and buying going on.....maybe some experiment?


Anyway, people need to realise that there are a lot of elements to their system that aren't obvious at first glance. True, if people compound for 299 days they get 20x their principle investment (still slower than current bitconnect growth in same period of 1000x by a large margin) but without compounding it is only 4x the amount invested and obviously compounding locks up the added funds for another 299 day period each time. What percentage of people would be reinvesting so much once they have a decent amount invested (after compounding for 10 months, they would be getting 6 times their initial investment every month in interest)?

Another point is that bitconnect can pay as little as ZERO percent for lower deposits (which means people wouldn't be reinvesting and compounding on interest amounts below $1010) and only guarantees 0.1% on amounts over $1010, going up to 0.25% bonus for the higher levels of investment. This means that people wouldn't be compounding any more once bitconnect growth slows and they pay a more sustainable interest rate of 0.1% per day (which is still around 40% in a year, and compounding hardly makes a difference at those levels). The value in bitconnect is that they GUARANTEE the deposits, and their setup makes it possible for them to achieve that aim. It reduces customer risk of any fluctuations in bitcoin or other token prices and protects their capital investment. If a company decided to create a similar service and marketed it in a more serious way, then I'm sure it would be popular. As an example, bitcoin is likely to crash to around $2000 before rising to around $20,000 so it is much safer if there was such a service that shared the growth in the price for people who do not want to ride all those cycles and guarantee their capital (since they seem to have most of the BCC tokens and can prevent any major crashes, they just need to simply hold them as collateral at the time of each loan and then pay them a share as daily interest from the predicted growth of their own token). The bottom line is that so far they have generated huge profits which holds them in good stead for the future.

[bambarmia]

Something weird happened: https://coinmarketcap.com/currencies/bitconnect/#charts   (look at 1  day graph)

Volume increased dramatically and selling and buying going on.....maybe some experiment?


Anyway, people need to realise that there are a lot of elements to their system that aren't obvious at first glance. True, if people compound for 299 days they get 20x their principle investment (still slower than current bitconnect growth in same period of 1000x by a large margin) but without compounding it is only 4x the amount invested and obviously compounding locks up the added funds for another 299 day period each time. What percentage of people would be reinvesting so much once they have a decent amount invested (after compounding for 10 months, they would be getting 6 times their initial investment every month in interest)?

Another point is that bitconnect can pay as little as ZERO percent for lower deposits (which means people wouldn't be reinvesting and compounding on interest amounts below $1010) and only guarantees 0.1% on amounts over $1010, going up to 0.25% bonus for the higher levels of investment. This means that people wouldn't be compounding any more once bitconnect growth slows and they pay a more sustainable interest rate of 0.1% per day (which is still around 40% in a year, and compounding hardly makes a difference at those levels). The value in bitconnect is that they GUARANTEE the deposits, and their setup makes it possible for them to achieve that aim. It reduces customer risk of any fluctuations in bitcoin or other token prices and protects their capital investment. If a company decided to create a similar service and marketed it in a more serious way, then I'm sure it would be popular. As an example, bitcoin is likely to crash to around $2000 before rising to around $20,000 so it is much safer if there was such a service that shared the growth in the price for people who do not want to ride all those cycles and guarantee their capital (since they seem to have most of the BCC tokens and can prevent any major crashes, they just need to simply hold them as collateral at the time of each loan and then pay them a share as daily interest from the predicted growth of their own token). The bottom line is that so far they have generated huge profits which holds them in good stead for the future.

Dude.. after reading  your posts related to bitconnect, I came to conclusion that all of them have signs of  Paranoid schizophrenia. I strongly recommend you to visit your doctor. 

[AGM76]

https://snag.gy/wYxcXt.jpg

Very strange.....that is actually the graph on their own exchange....

[Actor_Tom_Truong_]

Does anyone know if there are other coin that works similar to Bitconnect?

[VanAllen]

Does anyone know if there are other coin that works similar to Bitconnect?

If you're looking for a good staking return, check out LINDA coin. For greater investment/return you can create a Masternode. Linda is showing a lot of promise ... very active development and community, yet it's only weeks old so still very undervalued right now.

[AGM76]

https://snag.gy/wYxcXt.jpg

Very strange.....that is actually the graph on their own exchange....

Someone mentioned on this thread earlier how well it tracks bitcoin....well look at this graph from coinmarketcap. Those Chinese must be as clever as everyone says to be able to do that (it's almost a straight line if you look at the BTC value but the volume was greater than usual): https://snag.gy/jRFUZ9.jpg

[Gleb Gamow]

https://coinmarketcap.com/currencies/bitconnect/#charts

https://snag.gy/wYxcXt.jpg

Very strange.....that is actually the graph on their own exchange....

Someone mentioned on this thread earlier how well it tracks bitcoin....well look at this graph from coinmarketcap. Those Chinese must be as clever as everyone says to be able to do that (it's almost a straight line if you look at the BTC value but the volume was greater than usual): https://snag.gy/jRFUZ9.jpg

Something weird happened: https://coinmarketcap.com/currencies/bitconnect/#charts   (look at 1  day graph)

Volume increased dramatically and selling and buying going on.....maybe some experiment?

Anyway, people need to realise that there are a lot of elements to their system that aren't obvious at first glance. True, if people compound for 299 days they get 20x their principle investment (still slower than current bitconnect growth in same period of 1000x by a large margin) but without compounding it is only 4x the amount invested and obviously compounding locks up the added funds for another 299 day period each time. What percentage of people would be reinvesting so much once they have a decent amount invested (after compounding for 10 months, they would be getting 6 times their initial investment every month in interest)?

Another point is that bitconnect can pay as little as ZERO percent for lower deposits (which means people wouldn't be reinvesting and compounding on interest amounts below $1010) and only guarantees 0.1% on amounts over $1010, going up to 0.25% bonus for the higher levels of investment. This means that people wouldn't be compounding any more once bitconnect growth slows and they pay a more sustainable interest rate of 0.1% per day (which is still around 40% in a year, and compounding hardly makes a difference at those levels). The value in bitconnect is that they GUARANTEE the deposits, and their setup makes it possible for them to achieve that aim. It reduces customer risk of any fluctuations in bitcoin or other token prices and protects their capital investment. If a company decided to create a similar service and marketed it in a more serious way, then I'm sure it would be popular. As an example, bitcoin is likely to crash to around $2000 before rising to around $20,000 so it is much safer if there was such a service that shared the growth in the price for people who do not want to ride all those cycles and guarantee their capital (since they seem to have most of the BCC tokens and can prevent any major crashes, they just need to simply hold them as collateral at the time of each loan and then pay them a share as daily interest from the predicted growth of their own token). The bottom line is that so far they have generated huge profits which holds them in good stead for the future.

People need to obviously realize at first glance that there are a lot of elements to BitConnect's system, namely they run their own exchange sans external audits, thus enabling them to fuck with the numbers, e.g. 24-hour volume increasing six-fold within a matter of minutes, then remaining at that rate ever since.

Honest markets don't behave that, and one would have to be delusional if they think to do.

Since BitConnect is the largest exchange in terms of volume in trading BCC, naturally coinmarketcap.com's charts will reflect damn near close to graphs depicting trades mostly controlled by BitConnect on their platform.

[AGM76]

Well their exchange was actually down for a couple of hours due to the 10% volatility thing but not sure what time it was. Saw someone on youtube mention it was down and he also said it's common in real stock markets for them to do the same (but for larger falls than 10%).


They are paying off their detractors now lol: https://www.youtube.com/watch?v=nKFDKgGngzo  (maybe Gleb can ask for 2BTC too)

[MJMJ]

Well their exchange was actually down for a couple of hours due to the 10% volatility thing but not sure what time it was. Saw someone on youtube mention it was down and he also said it's common in real stock markets for them to do the same (but for larger falls than 10%).


They are paying off their detractors now lol: https://www.youtube.com/watch?v=nKFDKgGngzo  (maybe Gleb can ask for 2BTC too)

That really makes them look awful. The 'top top' people at bitconnect in a chat, all agreeing to pay someone off. And they don't even disagree with the facts, they just want him to take it down and are willing to pay him for it. I'd expect nothing less from Craig Grant though, he is a terrible person.

[wafdawg]

Well their exchange was actually down for a couple of hours due to the 10% volatility thing but not sure what time it was. Saw someone on youtube mention it was down and he also said it's common in real stock markets for them to do the same (but for larger falls than 10%).


They are paying off their detractors now lol: https://www.youtube.com/watch?v=nKFDKgGngzo  (maybe Gleb can ask for 2BTC too)

That really makes them look awful. The 'top top' people at bitconnect in a chat, all agreeing to pay someone off. And they don't even disagree with the facts, they just want him to take it down and are willing to pay him for it. I'd expect nothing less from Craig Grant though, he is a terrible person.

That's complete nonsense.  Craig Grant isn't a hypocrite but the ball sack is.  Sold his credibility for a small amount.  Shows how small time he really is. Give Craig credit - he believes in what he believes and runs with it.  Everyone is waiting for bit connect to fail and it'll march on.  The ball sack even is sponsored by Craig and has 19 people signed up underneath him. 

[Gleb Gamow]

Well their exchange was actually down for a couple of hours due to the 10% volatility thing but not sure what time it was. Saw someone on youtube mention it was down and he also said it's common in real stock markets for them to do the same (but for larger falls than 10%).


They are paying off their detractors now lol: https://www.youtube.com/watch?v=nKFDKgGngzo  (maybe Gleb can ask for 2BTC too)

That really makes them look awful. The 'top top' people at bitconnect in a chat, all agreeing to pay someone off. And they don't even disagree with the facts, they just want him to take it down and are willing to pay him for it. I'd expect nothing less from Craig Grant though, he is a terrible person.

That's complete nonsense.  Craig Grant isn't a hypocrite but the ball sack is.  Sold his credibility for a small amount.  Shows how small time he really is. Give Craig credit - he believes in what he believes and runs with it.  Everyone is waiting for bit connect to fail and it'll march on.  The ball sack even is sponsored by Craig and has 19 people signed up underneath him.  

I'm just gonna leave this link here:

https://steemit.com/philosophy/@craig-grant/government-govern-mental-self-imposed-mental-slavery-believing-in-government-is-like-an-unborn-baby-needing-it-s-umbilical-cord#@craig-grant/re-dwinblood-re-craig-grant-government-govern-mental-self-imposed-mental-slavery-believing-in-government-is-like-an-unborn-baby-needing-it-s-umbilical-cord-20160816t031958012z

And what is Craig's cash gig he speaketh of? This: https://www.youtube.com/user/craigonesun/videos

https://twitter.com/craigrantnow/status/358457919395733504

Craig Grant: Not only is the Earth flat, but BitConnect IS NOT a Ponzi.

[MJMJ]

Well their exchange was actually down for a couple of hours due to the 10% volatility thing but not sure what time it was. Saw someone on youtube mention it was down and he also said it's common in real stock markets for them to do the same (but for larger falls than 10%).


They are paying off their detractors now lol: https://www.youtube.com/watch?v=nKFDKgGngzo  (maybe Gleb can ask for 2BTC too)

That really makes them look awful. The 'top top' people at bitconnect in a chat, all agreeing to pay someone off. And they don't even disagree with the facts, they just want him to take it down and are willing to pay him for it. I'd expect nothing less from Craig Grant though, he is a terrible person.

That's complete nonsense.  Craig Grant isn't a hypocrite but the ball sack is.  Sold his credibility for a small amount.  Shows how small time he really is. Give Craig credit - he believes in what he believes and runs with it.  Everyone is waiting for bit connect to fail and it'll march on.  The ball sack even is sponsored by Craig and has 19 people signed up underneath him. 

Yes please don't think that because I was putting Craig down that I think the other person didn't look bad as well, because that other person he tried to bribe also looked absolutely awful so I totally agree with you on that point.
But Craig Grant is most definitely a hypocrite and a terrible person. He has openly said he thinks there is no trading bot whatsoever, and yet continues to encourage his viewers to invest in a company that he thinks is lying. The only thing he believes is that he will make a lot of money (which he is completely right about). And as most of his money is from referrals and he already makes far more than he's ever put in he doesn't even have to risk anything of his own. It's genius really, got to give him that, but it's still unethical.
And please note I am not personally saying that I know bitconnect don't have a bot, because I have absolutely no idea to be honest. They may be legit, they may not. I just think it's wrong that Craig actually thinks they don't have one (and are therefore lying from the start) but is happy to risk his viewers money.

[ChromaticStar]

Well their exchange was actually down for a couple of hours due to the 10% volatility thing but not sure what time it was. Saw someone on youtube mention it was down and he also said it's common in real stock markets for them to do the same (but for larger falls than 10%).


They are paying off their detractors now lol: https://www.youtube.com/watch?v=nKFDKgGngzo  (maybe Gleb can ask for 2BTC too)

That really makes them look awful. The 'top top' people at bitconnect in a chat, all agreeing to pay someone off. And they don't even disagree with the facts, they just want him to take it down and are willing to pay him for it. I'd expect nothing less from Craig Grant though, he is a terrible person.

That's complete nonsense.  Craig Grant isn't a hypocrite but the ball sack is.  Sold his credibility for a small amount.  Shows how small time he really is. Give Craig credit - he believes in what he believes and runs with it.  Everyone is waiting for bit connect to fail and it'll march on.  The ball sack even is sponsored by Craig and has 19 people signed up underneath him.  

Yes please don't think that because I was putting Craig down that I think the other person didn't look bad as well, because that other person he tried to bribe also looked absolutely awful so I totally agree with you on that point.
But Craig Grant is most definitely a hypocrite and a terrible person. He has openly said he thinks there is no trading bot whatsoever, and yet continues to encourage his viewers to invest in a company that he thinks is lying. The only thing he believes is that he will make a lot of money (which he is completely right about). And as most of his money is from referrals and he already makes far more than he's ever put in he doesn't even have to risk anything of his own. It's genius really, got to give him that, but it's still unethical.
And please note I am not personally saying that I know bitconnect don't have a bot, because I have absolutely no idea to be honest. They may be legit, they may not. I just think it's wrong that Craig actually thinks they don't have one (and are therefore lying from the start) but is happy to risk his viewers money.

Craig Grant is going to get sued by all his referrals when Bitconnect stops paying. There's no way that an international class action lawsuit is going to be successful regaining all investor money. But one thing is clear, Grant is making money off his referrals. He and everyone else throwing up YouTube promotionals should be ready to lawyer up when the obvious happens.

[Gleb Gamow]

Well their exchange was actually down for a couple of hours due to the 10% volatility thing but not sure what time it was. Saw someone on youtube mention it was down and he also said it's common in real stock markets for them to do the same (but for larger falls than 10%).


They are paying off their detractors now lol: https://www.youtube.com/watch?v=nKFDKgGngzo  (maybe Gleb can ask for 2BTC too)

That really makes them look awful. The 'top top' people at bitconnect in a chat, all agreeing to pay someone off. And they don't even disagree with the facts, they just want him to take it down and are willing to pay him for it. I'd expect nothing less from Craig Grant though, he is a terrible person.

That's complete nonsense.  Craig Grant isn't a hypocrite but the ball sack is.  Sold his credibility for a small amount.  Shows how small time he really is. Give Craig credit - he believes in what he believes and runs with it.  Everyone is waiting for bit connect to fail and it'll march on.  The ball sack even is sponsored by Craig and has 19 people signed up underneath him.  

Yes please don't think that because I was putting Craig down that I think the other person didn't look bad as well, because that other person he tried to bribe also looked absolutely awful so I totally agree with you on that point.
But Craig Grant is most definitely a hypocrite and a terrible person. He has openly said he thinks there is no trading bot whatsoever, and yet continues to encourage his viewers to invest in a company that he thinks is lying. The only thing he believes is that he will make a lot of money (which he is completely right about). And as most of his money is from referrals and he already makes far more than he's ever put in he doesn't even have to risk anything of his own. It's genius really, got to give him that, but it's still unethical.
And please note I am not personally saying that I know bitconnect don't have a bot, because I have absolutely no idea to be honest. They may be legit, they may not. I just think it's wrong that Craig actually thinks they don't have one (and are therefore lying from the start) but is happy to risk his viewers money.

Craig Grant is going to get sued by all his referrals when Bitconnect stops paying. There's no way that an international class action lawsuit is going to be successful regaining all investor money. But one thing is clear, Grant is making money off his referrals. He and everyone else throwing up YouTube promotionals should be ready to lawyer up when the obvious happens.

Same true for 16/17-year-old CryptoNick with his 1,700+ referrals.

[x2666]

All y'all naysayers are just jealous. I bought $100 of bitconnect and i'm going to be a quadrillionaire in ten years. You better start groveling so maybe I will spare you Fudsters.

[stupido656]

Well their exchange was actually down for a couple of hours due to the 10% volatility thing but not sure what time it was. Saw someone on youtube mention it was down and he also said it's common in real stock markets for them to do the same (but for larger falls than 10%).


They are paying off their detractors now lol: https://www.youtube.com/watch?v=nKFDKgGngzo  (maybe Gleb can ask for 2BTC too)

That really makes them look awful. The 'top top' people at bitconnect in a chat, all agreeing to pay someone off. And they don't even disagree with the facts, they just want him to take it down and are willing to pay him for it. I'd expect nothing less from Craig Grant though, he is a terrible person.

That's complete nonsense.  Craig Grant isn't a hypocrite but the ball sack is.  Sold his credibility for a small amount.  Shows how small time he really is. Give Craig credit - he believes in what he believes and runs with it.  Everyone is waiting for bit connect to fail and it'll march on.  The ball sack even is sponsored by Craig and has 19 people signed up underneath him.  

Yes please don't think that because I was putting Craig down that I think the other person didn't look bad as well, because that other person he tried to bribe also looked absolutely awful so I totally agree with you on that point.
But Craig Grant is most definitely a hypocrite and a terrible person. He has openly said he thinks there is no trading bot whatsoever, and yet continues to encourage his viewers to invest in a company that he thinks is lying. The only thing he believes is that he will make a lot of money (which he is completely right about). And as most of his money is from referrals and he already makes far more than he's ever put in he doesn't even have to risk anything of his own. It's genius really, got to give him that, but it's still unethical.
And please note I am not personally saying that I know bitconnect don't have a bot, because I have absolutely no idea to be honest. They may be legit, they may not. I just think it's wrong that Craig actually thinks they don't have one (and are therefore lying from the start) but is happy to risk his viewers money.

Craig Grant is going to get sued by all his referrals when Bitconnect stops paying. There's no way that an international class action lawsuit is going to be successful regaining all investor money. But one thing is clear, Grant is making money off his referrals. He and everyone else throwing up YouTube promotionals should be ready to lawyer up when the obvious happens.

Same true for 16/17-year-old CryptoNick with his 1,700+ referrals.

But what if one of these youtubers is actually so retarded they honestly think BitConnect is legit. Can they still get sued for thinking they are doing the right thing if they blame it all on someone above them like the unknown BitConnect creators?

Atleast here in my country over 30,000 people got scammed by OneCoin and the promoters who introduced OneCoin to 30,000 people mostly in live seminars made millions are all rich and living their dream life now... Not sure if OneCoin promoters in other countries have got sued or sentenced.