[ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency

[AGM76]

All of you are beyond silly. Any coin can crash in value. How does that mean it's a Ponzi? Bitconnect only have to pay people in BCC tokens and they have ridiculous amounts that currently stake 8% per month (compounded) and have not even touched their reserves. Even Gleb can admit when he looks at the richlist that many addresses with massive amounts of BCC haven't been touched for six months and are happily staking huge amounts.

Are people trying to say they will run out of BCC tokens to pay people? When in fact they can pay every single person back their capital invested NOW AT THIS MOMENT and not even go into their reserves. Obviously if people sell it all at the same time it will crash, but that is the same as bitcoin. The paradox is that when BCC is sold in huge quantities, BTC should rise, which prevents BCC to even fall that much.

If they are short of BCC tokens in some distant future, then remember they won't have to pay everyone at once. How exactly are they going to crash and burn or collapse ?

[rakeshsoni86]

I think this BCC scheme will continue till the middle of next year around June 2018 then it will collapse.

Anyways lot of people who got in during its ico price which was i think somewhere around 10 cents and invested $1000 already would have now become millionare....Lucky guys....

[je@ngrey83]

I am really puzzled about BCC... it seems to me a bomb ready to explode (like many other coins yes, but this is special). 120% or more annual ROI can mean only hyperinflation... but then i see that the maximum supply is almost reached? And what then?

Seriously, I don't want to FUD, but can you help me understand? May be you've got a useful link to explanations?

[vickigoh]

I came across this bitconnect lending program so is this program really working??

And how long this program last?? since it will locked from 120 days to 299 days..so need to need anyone get back the payback principal amount?

[kristothek]

I came across this bitconnect lending program so is this program really working??

And how long this program last?? since it will locked from 120 days to 299 days..so need to need anyone get back the payback principal amount?

I wouldn't recommend investing a huge amount (even though I did), these types of lending platforms is very risky. Crypto currencies as a whole is not for the faint of heart, this is even worse because you totally let go of control of your money. The site can shut down tomorrow and disappear without a trace. That said, lots of people have gotten their principal back. Just search Youtube for "Bitconnect capital release" and you'll see proof (if a video is sufficient proof to you). I get my initial investment back in about a week from today. I hope the site is still there by then. Good luck.

[vickigoh]

I came across this bitconnect lending program so is this program really working??

And how long this program last?? since it will locked from 120 days to 299 days..so need to need anyone get back the payback principal amount?

I wouldn't recommend investing a huge amount (even though I did), these types of lending platforms is very risky. Crypto currencies as a whole is not for the faint of heart, this is even worse because you totally let go of control of your money. The site can shut down tomorrow and disappear without a trace. That said, lots of people have gotten their principal back. Just search Youtube for "Bitconnect capital release" and you'll see proof (if a video is sufficient proof to you). I get my initial investment back in about a week from today. I hope the site is still there by then. Good luck.

Yes i am aware of the risk and anytime it will just disappeared as the daily interest really too good and i have also search more info on what income source they to fund all the interest to investors too.

This program i think less than a year too. Basically i just give it a try of 100 dollar to test it out. Even max i willing to put is USD1k only not more than that too.

[bambarmia]

This scammy ponzi Titanic ship will sink, with all it's greedy and stupid passengers very soon.

[JonathanHiggins]

What are your guarantees for your investors? What is your MVP? Have you executed any KYB/KYC procedures?

[kristothek]

Yes i am aware of the risk and anytime it will just disappeared as the daily interest really too good and i have also search more info on what income source they to fund all the interest to investors too.

This program i think less than a year too. Basically i just give it a try of 100 dollar to test it out. Even max i willing to put is USD1k only not more than that too.

Yeah, that's a reasonable approach. $1000 invested will amount to around $10/day of interest. If you begin by withdrawing the interest every day you will have your initial investment back in about 100 days. Do you think the platform will last another 100 days? Go ahead.

[kristothek]

What are your guarantees for your investors? What is your MVP? Have you executed any KYB/KYC procedures?

I don't speak for Bitconnect (they only seem to communicate via their site www.bitconnect.co), but I can tell you that the founders are anonymous, the investors are anonymous, there are no "KYB/KYC procedures", just blind faith.

[vickigoh]

Yes i am aware of the risk and anytime it will just disappeared as the daily interest really too good and i have also search more info on what income source they to fund all the interest to investors too.

This program i think less than a year too. Basically i just give it a try of 100 dollar to test it out. Even max i willing to put is USD1k only not more than that too.

Yeah, that's a reasonable approach. $1000 invested will amount to around $10/day of interest. If you begin by withdrawing the interest every day you will have your initial investment back in about 100 days. Do you think the platform will last another 100 days? Go ahead.

Ya I have been reading and searching more info and understand the risk of it so just put the among that i can afford to lost but i just start off with a 240usd and see how it goes.

[trasheyl]

i got this coin so early, thank for bitconnect!   

[vickigoh]

i got this coin so early, thank for bitconnect!   

ya this coin came out about 1 year only and it reach USD230 per coin indeed is a good one.

[Bytecoiner419]

i got this coin so early, thank for bitconnect!   

ya this coin came out about 1 year only and it reach USD230 per coin indeed is a good one.

I feel the price of the coin is tied to the demand for the coin because of the lending platform. so I feel the value will continue to grow in the near future.

BTW, if you plan to join bitconnect please send me a PM and ask for my link. I am happy to offer my help to all my referrals.

And I too would recommend only investing with bitcoin that you are willing to lose. (just in case)

[samsonn25]

What are your guarantees for your investors? What is your MVP? Have you executed any KYB/KYC procedures?

Guarantees?   Lol.   Rumors are Bitpetite just Ran away

[pinkman12345]

I see Livecoin added BCC on their exchange, I wonder there are so many coins for which exchanges are charging money from Developers to get their coin on their exchange on the other hand how exchanges pick some shady coin impulsively without having a thought.
https://t.co/ulpSRRXuEK

[williamevanl]

How did this nonsense get so high?!

[samsonn25]

Theoretically it doesnt matter how high it goes because lenders have to buy the coin to make the loans out to receive the interest.

If as lender wanted to loan $1000 and the coin price was $10 they would have to buy 100 coins then lend them at the $1000 translated value, and thats what bitconnect pays you back in usd.

If the coin was $1ooo they only have to buy 1  coin in the market to make the same $1000 loan.

The key is they dont take cash, you have to buy the bcc to lend out. thats why the price has gone up from .15 last year.

[vickigoh]

Theoretically it doesnt matter how high it goes because lenders have to buy the coin to make the loans out to receive the interest.

If as lender wanted to loan $1000 and the coin price was $10 they would have to buy 100 coins then lend them at the $1000 translated value, and thats what bitconnect pays you back in usd.

If the coin was $1ooo they only have to buy 1  coin in the market to make the same $1000 loan.

The key is they dont take cash, you have to buy the bcc to lend out. thats why the price has gone up from .15 last year.

Ya therefore there always demand there for btc cause of this lending program.

[samsonn25]

for BTC   and BCC LOL