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AGM76
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October 26, 2017, 07:54:21 AM |
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Some new info in this video (not seen it all yet but looks promising): https://www.youtube.com/watch?v=zaPUs4oSr-QThe beginning shows how bitconnect received 1000 bitcoins in their ICO (that's another $6million that they don't need haha) and only sold 1million in the ICO and kept well over 3million BCC tokens (the staking interest was 10% a month at that time, I think). It goes on to show some more stuff about it so might be interesting for some of you. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Airstriker
Newbie
 Offline
Activity: 35
Merit: 0
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October 26, 2017, 08:19:38 AM |
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Some new info in this video (not seen it all yet but looks promising): https://www.youtube.com/watch?v=zaPUs4oSr-QThe beginning shows how bitconnect received 1000 bitcoins in their ICO (that's another $6million that they don't need haha) and only sold 1million in the ICO and kept well over 3million BCC tokens (the staking interest was 10% a month at that time, I think). It goes on to show some more stuff about it so might be interesting for some of you. Two month later and we're still on the same page here ;] I see you're the tough one AGM76. I've already given up ;] Haters gonna hate and you won't change that. And the more you try, the bigger hate is on their mouth. There is really enough info given all over here for the wise guys to understand how BitConnect works. This video compunds it all and says it in a really approachable way. If they still don't get it, you should really give up too ;] |
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kurt10
Newbie
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Activity: 6
Merit: 0
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October 26, 2017, 08:50:38 AM |
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its been a long year round her, would someone tell us now who is the Owner of Bitconnect or who are the people behind it? I think this is one big question from the start, I saw post here that the founder is the brother of Satoshi I don't believe it don't you?
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MajorZiZi
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Activity: 25
Merit: 0
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October 26, 2017, 08:52:58 AM |
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 i don't understand it's a ponzi ?
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Dav7
Full Member
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Activity: 284
Merit: 104
Making Money Online since 2006
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October 26, 2017, 09:04:03 AM |
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I am in
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pasmas
Member
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Activity: 96
Merit: 10
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October 26, 2017, 11:31:36 AM |
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Lisiting on Hitbtc will drop the price or raise? what this means for bitconnect?
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mptak123
Member
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Activity: 142
Merit: 10
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October 26, 2017, 12:54:49 PM |
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Lisiting on Hitbtc will drop the price or raise? what this means for bitconnect?
In my opinion backed by other coins history listing on major exchange should have major, positive impact on price of the coin. Also this should be good for lending platform because it should be more decentralized as it is right now. Please see video for more details: https://www.youtube.com/watch?v=MfodQsaWqnQRegards, Marcin |
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mptak123
Member
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Activity: 142
Merit: 10
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October 26, 2017, 12:55:46 PM |
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Where can I find ur WP??
Bitconnect has no white paper. Regards, Marcin |
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samsonn25
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October 26, 2017, 01:18:31 PM |
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i don't understand it's a ponzi ? It's not a poNzi because they have other sources of income besides referrals. A pyramid scheme. Yes maybe. LOL. Like Amway Market America Herbalife Avon Nu-Skin |
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mptak123
Member
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Activity: 142
Merit: 10
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October 26, 2017, 01:23:46 PM |
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i don't understand it's a ponzi ? It's not a poNzi because they have other sources of income besides referrals. A pyramid scheme. Yes maybe. LOL. Like Amway Market America Herbalife Avon Nu-Skin Good point. I agree with you. Even goverments are pyramids but far more complex with their taxation, benefits, community service and blind trust from citizens called patriots. Regards, Marcin |
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Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
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October 26, 2017, 01:29:01 PM |
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Some new info in this video (not seen it all yet but looks promising): https://www.youtube.com/watch?v=zaPUs4oSr-QThe beginning shows how bitconnect received 1000 bitcoins in their ICO (that's another $6million that they don't need haha) and only sold 1million in the ICO and kept well over 3million BCC tokens (the staking interest was 10% a month at that time, I think). It goes on to show some more stuff about it so might be interesting for some of you. Firstly, the YouTuber continued to mistake parody for parity throughout the vid, at one point mistaking it for paradox. Secondly, exactly how does one purchase BCC via US dollars? ... i don't understand it's a ponzi ? It's not a poNzi because they have other sources of income besides referrals. A pyramid scheme. Yes maybe. LOL. Like Amway Market America Herbalife Avon Nu-Skin That explains why aliens don't waste their time on this planet. |
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indijim
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October 26, 2017, 09:36:39 PM |
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How much did Bitconnect raise during its ICO?
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Steffosn
Newbie
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Activity: 44
Merit: 0
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October 26, 2017, 10:16:35 PM |
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When this thing bursts it's gonna be bad for the whole crypto-community. Not only the bitconnect investors. It's gonna scare a lot of people away from crypto.
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AGM76
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October 26, 2017, 10:37:40 PM |
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Some new info in this video (not seen it all yet but looks promising): https://www.youtube.com/watch?v=zaPUs4oSr-QThe beginning shows how bitconnect received 1000 bitcoins in their ICO (that's another $6million that they don't need haha) and only sold 1million in the ICO and kept well over 3million BCC tokens (the staking interest was 10% a month at that time, I think). It goes on to show some more stuff about it so might be interesting for some of you. Firstly, the YouTuber continued to mistake parody for parity throughout the vid, at one point mistaking it for paradox. Secondly, exactly how does one purchase BCC via US dollars? ... i don't understand it's a ponzi ? It's not a poNzi because they have other sources of income besides referrals. A pyramid scheme. Yes maybe. LOL. Like Amway Market America Herbalife Avon Nu-Skin That explains why aliens don't waste their time on this planet. The video turned out to be a bit peculiar but basically all the interest is paid as USD in the lending wallet and not BCC tokens. To withdraw it has to be first converted to BCC tokens at the current rate they have set (taken from their exchange). Obviously their rate has to be similar to other exchanges at all times due to arbitrage opportunities. I never bother using their exchange to convert BCC into BTC (you can withdraw either so doesn't really matter) and just withdraw the BCC to my desktop wallet. In theory, if BCC crashes, the amount of USD showing in the wallet will not change. It will just convert into more BCC tokens than before the crash. So, if people are scared of BCC crashing, they should just leave all the interest in the USD wallet (known as the lending wallet) or always convert it to BTC after converting it to BCC. The latter option doesn't help you if BTC crashes. If either crash (they seem linked nowadays), then the amount of BCC tokens needed to be paid by bitconnect to convert the USD amounts to BCC will be higher. They have plenty of these tokens at the moment and are accumulating more and more (it is nowhere near the maximum supply either). |
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reffi
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October 26, 2017, 10:43:08 PM |
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I totally missed this coin when it was 80 cents, I was looking at it and then something went wrong with their website and I never looked at it ever again... totally regret it now. I was gonna buy 2000 coins at 80 cents  ( |
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Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
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October 27, 2017, 12:20:09 AM |
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Some new info in this video (not seen it all yet but looks promising): https://www.youtube.com/watch?v=zaPUs4oSr-QThe beginning shows how bitconnect received 1000 bitcoins in their ICO (that's another $6million that they don't need haha) and only sold 1million in the ICO and kept well over 3million BCC tokens (the staking interest was 10% a month at that time, I think). It goes on to show some more stuff about it so might be interesting for some of you. Firstly, the YouTuber continued to mistake parody for parity throughout the vid, at one point mistaking it for paradox. Secondly, exactly how does one purchase BCC via US dollars? ... i don't understand it's a ponzi ? It's not a poNzi because they have other sources of income besides referrals. A pyramid scheme. Yes maybe. LOL. Like Amway Market America Herbalife Avon Nu-Skin That explains why aliens don't waste their time on this planet. The video turned out to be a bit peculiar but basically all the interest is paid as USD in the lending wallet and not BCC tokens. To withdraw it has to be first converted to BCC tokens at the current rate they have set (taken from their exchange). Obviously their rate has to be similar to other exchanges at all times due to arbitrage opportunities. I never bother using their exchange to convert BCC into BTC (you can withdraw either so doesn't really matter) and just withdraw the BCC to my desktop wallet. In theory, if BCC crashes, the amount of USD showing in the wallet will not change. It will just convert into more BCC tokens than before the crash. So, if people are scared of BCC crashing, they should just leave all the interest in the USD wallet (known as the lending wallet) or always convert it to BTC after converting it to BCC. The latter option doesn't help you if BTC crashes. If either crash (they seem linked nowadays), then the amount of BCC tokens needed to be paid by bitconnect to convert the USD amounts to BCC will be higher. They have plenty of these tokens at the moment and are accumulating more and more (it is nowhere near the maximum supply either). Please point to where it's legal for Bitconnect to convert USD to BCC or BCC to USD. |
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indijim
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October 27, 2017, 02:59:55 AM |
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I totally missed this coin when it was 80 cents, I was looking at it and then something went wrong with their website and I never looked at it ever again... totally regret it now. I was gonna buy 2000 coins at 80 cents ( That feeling has got to hurt. I know how that feel. It affects one for a very long time. |
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RareFortune
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October 27, 2017, 04:08:48 AM |
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I totally missed this coin when it was 80 cents, I was looking at it and then something went wrong with their website and I never looked at it ever again... totally regret it now. I was gonna buy 2000 coins at 80 cents ( That feeling has got to hurt. I know how that feel. It affects one for a very long time. Yes because of ICO craze now it is a bit hard to choose a good token with a lot of potential in the near future. |
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canibalgb
Full Member
Offline
Activity: 448
Merit: 102
Beam me up!
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October 27, 2017, 04:23:12 AM |
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This is a snake oil?  |
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wrxbuzz
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October 27, 2017, 04:59:21 AM |
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i don't understand it's a ponzi ? It's not a poNzi because they have other sources of income besides referrals. A pyramid scheme. Yes maybe. LOL. Like Amway Market America Herbalife Avon Nu-Skin A pyramid scheme is also ponzi scheme/scam. You know it is multiple level marketing like Amway, Herbalife like you mentioned. But it is a scam, it will collapse in the end. |
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