[ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency

[candrade]

BCC fell to the 15h position in the coinmarketcap. Does anyone know why?

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[sonhoangict]

Circulating Supply from 7m to 2m, who tell me why?

[samsonn25]

mistake

[Evgenij_N]

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

https://www.coingecko.com/en/coins/bitconnect

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

Market Cap
$589,270,984


Where did the BULLET of BILLIONS go?

This afternoon the BCC was still in sixth place. And its capitalization exceeded 2 billion!


Did the pyramid collapse? 

[samsonn25]

a typo can easily make 7 mill float to 2 mil float and thats the difference

[linh081290]

Website bitconnect maintenance so the amount of coin bid and ask in the internal trading floor is wiped out
Website coinmarketcap uses data from the floor
As a result, the data on the local floor is cleared, resulting in missing coinmarketcap data
In a few days when the BCC position will return to normal

[upstatecrypto]

Look on Coin Market Cap and click on Bitconnect.  It says "Nov. 3rd Revised - Circulating supply calculation" above the price.  They are only counting coins that are in actual circulation now, if people are holding on to them that is not considered "circulating supply" because they are being held.  I am completely confident everything is fine, it's just Bitconnect is being valued differently. 

They are supposed to be in the 16th spot due to the new evaluation.  Coin Market Cap is just making it harder for Bitconnect to climb the ladder.  My opinion is the other coins and/or coinmarketcap are mad because of the extreme success of Bitconnect so this is just a jab at the platform and the community. We are still making money, the interest payouts are still coming, but like always don't invest more than you can afford to lose, even Bitcoin isn't 100% safe, so Bitconnect is no different.

I'll give my sponsor the credit for this, he explained the whole situation to me and it does make complete sense.

[Cantalupo]

Look on Coin Market Cap and click on Bitconnect.  It says "Nov. 3rd Revised - Circulating supply calculation" above the price.  They are only counting coins that are in actual circulation now, if people are holding on to them that is not considered "circulating supply" because they are being held.  I am completely confident everything is fine, it's just Bitconnect is being valued differently. 

They are supposed to be in the 16th spot due to the new evaluation.  Coin Market Cap is just making it harder for Bitconnect to climb the ladder.  My opinion is the other coins and/or coinmarketcap are mad because of the extreme success of Bitconnect so this is just a jab at the platform and the community. We are still making money, the interest payouts are still coming, but like always don't invest more than you can afford to lose, even Bitcoin isn't 100% safe, so Bitconnect is no different.

I'll give my sponsor the credit for this, he explained the whole situation to me and it does make complete sense.

To compare the BTC with this SCAM, can only seem like a joke.

[mosprognoz]

Look on Coin Market Cap and click on Bitconnect.  It says "Nov. 3rd Revised - Circulating supply calculation" above the price.  They are only counting coins that are in actual circulation now, if people are holding on to them that is not considered "circulating supply" because they are being held.  I am completely confident everything is fine, it's just Bitconnect is being valued differently. 

They are supposed to be in the 16th spot due to the new evaluation.  Coin Market Cap is just making it harder for Bitconnect to climb the ladder.  My opinion is the other coins and/or coinmarketcap are mad because of the extreme success of Bitconnect so this is just a jab at the platform and the community. We are still making money, the interest payouts are still coming, but like always don't invest more than you can afford to lose, even Bitcoin isn't 100% safe, so Bitconnect is no different.

I'll give my sponsor the credit for this, he explained the whole situation to me and it does make complete sense.

To compare the BTC with this SCAM, can only seem like a joke.

Bitconnect  is a ponzi scam, there are no doubts about this. But the crypto world became a good platform for ponzi scammers.

[gjrgjrgjr]

Look on Coin Market Cap and click on Bitconnect.  It says "Nov. 3rd Revised - Circulating supply calculation" above the price.  They are only counting coins that are in actual circulation now, if people are holding on to them that is not considered "circulating supply" because they are being held.  I am completely confident everything is fine, it's just Bitconnect is being valued differently. 

They are supposed to be in the 16th spot due to the new evaluation.  Coin Market Cap is just making it harder for Bitconnect to climb the ladder.  My opinion is the other coins and/or coinmarketcap are mad because of the extreme success of Bitconnect so this is just a jab at the platform and the community. We are still making money, the interest payouts are still coming, but like always don't invest more than you can afford to lose, even Bitcoin isn't 100% safe, so Bitconnect is no different.

I'll give my sponsor the credit for this, he explained the whole situation to me and it does make complete sense.

To compare the BTC with this SCAM, can only seem like a joke.

Bitconnect  is a ponzi scam, there are no doubts about this. But the crypto world became a good platform for ponzi scammers.

always surprise and amuse to find how many stupid people (some beginners may not be supid though) and how long a ponzi scheme can last

[samsonn25]

Look on Coin Market Cap and click on Bitconnect.  It says "Nov. 3rd Revised - Circulating supply calculation" above the price.  They are only counting coins that are in actual circulation now, if people are holding on to them that is not considered "circulating supply" because they are being held.  I am completely confident everything is fine, it's just Bitconnect is being valued differently. 

They are supposed to be in the 16th spot due to the new evaluation.  Coin Market Cap is just making it harder for Bitconnect to climb the ladder.  My opinion is the other coins and/or coinmarketcap are mad because of the extreme success of Bitconnect so this is just a jab at the platform and the community. We are still making money, the interest payouts are still coming, but like always don't invest more than you can afford to lose, even Bitcoin isn't 100% safe, so Bitconnect is no different.

I'll give my sponsor the credit for this, he explained the whole situation to me and it does make complete sense.

To compare the BTC with this SCAM, can only seem like a joke.

Bitconnect  is a ponzi scam, there are no doubts about this. But the crypto world became a good platform for ponzi scammers.

Snapchat stock is a ponzi scheme

[Molenta]

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

https://www.coingecko.com/en/coins/bitconnect

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

Market Cap
$589,270,984


Where did the BULLET of BILLIONS go?

This afternoon the BCC was still in sixth place. And its capitalization exceeded 2 billion!


Did the pyramid collapse?  

You know, even if it is what all ICO coin at the moment are. It is sad that some do not understand even what change in circulating coins means.

[Molenta]

Look on Coin Market Cap and click on Bitconnect.  It says "Nov. 3rd Revised - Circulating supply calculation" above the price.  They are only counting coins that are in actual circulation now, if people are holding on to them that is not considered "circulating supply" because they are being held.  I am completely confident everything is fine, it's just Bitconnect is being valued differently. 

They are supposed to be in the 16th spot due to the new evaluation.  Coin Market Cap is just making it harder for Bitconnect to climb the ladder.  My opinion is the other coins and/or coinmarketcap are mad because of the extreme success of Bitconnect so this is just a jab at the platform and the community. We are still making money, the interest payouts are still coming, but like always don't invest more than you can afford to lose, even Bitcoin isn't 100% safe, so Bitconnect is no different.

I'll give my sponsor the credit for this, he explained the whole situation to me and it does make complete sense.

To compare the BTC with this SCAM, can only seem like a joke.

Bitconnect  is a ponzi scam, there are no doubts about this. But the crypto world became a good platform for ponzi scammers.

always surprise and amuse to find how many stupid people (some beginners may not be supid though) and how long a ponzi scheme can last

Stupid, is somehow not always the worst choice. BTC started as ponzi, say what you want but in my 2011 that was the majority thought, no brainer. It is easy for today to worship BTC and defend it. Where were you in 2011 when less people belive in it. Take a look at the beginnings in the forum for BTC.

[upstatecrypto]

I love how people are "experts" in a market that has absolutely no backing.  Any platform could run with your money at any point but yet some people act like they have crypto figured out, lol.  BCC has had soooo many people say its a scam, it will never last but yet it has proven all these people wrong time and time again.  If people actually just simply looked at the growth of Bitcoin alone it would make perfect sense.  If Bitconnect only took people's loans and invested in only BTC and paid out daily interest at a lower percentage than Bitcoin, which it does, the Bitconnect platform would make such large profits while still being good on its loans to people. 

It's not hard to figure out.  For example, if the BTC grows 1.8% today and Bitconnect pays its clients 1% think about how much the company just profited on just the loans they have currently.  The BTC has grown at a higher daily percentage than Bitconnect has, why do you think the graphs mimick each other "exactly"?  Bitconnect is just buying BTC and paying out a slightly lower daily interest payout, therefore allowing them to obtain sustainability over time.  If this isn't true than how do you explain the almost exact graph explanation?

[raoulsergia]

I love how people are "experts" in a market that has absolutely no backing.  Any platform could run with your money at any point but yet some people act like they have crypto figured out, lol.  BCC has had soooo many people say its a scam, it will never last but yet it has proven all these people wrong time and time again.  If people actually just simply looked at the growth of Bitcoin alone it would make perfect sense.  If Bitconnect only took people's loans and invested in only BTC and paid out daily interest at a lower percentage than Bitcoin, which it does, the Bitconnect platform would make such large profits while still being good on its loans to people.  

It's not hard to figure out.  For example, if the BTC grows 1.8% today and Bitconnect pays its clients 1% think about how much the company just profited on just the loans they have currently.  The BTC has grown at a higher daily percentage than Bitconnect has, why do you think the graphs mimick each other "exactly"?  Bitconnect is just buying BTC and paying out a slightly lower daily interest payout, therefore allowing them to obtain sustainability over time.  If this isn't true than how do you explain the almost exact graph explanation?

hahaha wow... you have the economic sense of a muffin
how are they then paying out the referal programs?
and what on days where btc doesnt make 1% and actually goes down?

[Tuku]

Did you all not notice that just last night Vitalik took about 10 seconds and asked no questions to confirm that 1% a day compounded is a total Ponzi?

https://twitter.com/bccponzi/status/926237778375073799

Be smart like Vitalik, thank you.

[master690]

hahaha wow... you have the economic sense of a muffin
how are they then paying out the referal programs?
and what on days where btc doesnt make 1% and actually goes down?

[/quote]

They just lowered the referral program again to only 3 levels.  Also, they are getting added to HitBTC and releasing their smart credit on December 1st.  I believe they do have a trading bot making trades and that is how they are paying to run the site.  I've seen high interest rates on days that Bitcoin goes down. Because the bot is trading USD/BTC... You can track the daily interest in real time final interest locks in at 8pm EST.  So I've seen Bitcoin go down in value and the Bitconnect interest go up and if Bitcoin quickly reverses to going up the Bitconnect interest actually will go down.  The days the bot wins big Bitconnect keeps extra money on the side for the bad days.  Also Bitconnect doesn't guarantee an interest payout.. it's only if the bot makes money.

[revenant2017]

https://coincodex.com/article/1036/what-is-bitconnect-and-why-have-we-decided-to-distance-ourselves-from-it/

Oh no you don't coin codex. Bitconnect is sustainab.................

"After taking the time to further analyse the Bitconnect project it is still unclear who is behind the project, exactly how it works, or if BCC has any actual use. Bitconnect also employs a number of dubious methods in order to operate and promote its business. The business model outlined by the company is economically unsustainable with the current level of returns unable to be validated by any legally known investment system. The Bitconnect project also generates a large amount of negative feedback from within the cryptocurrency community with accusations that the project is actually a "scam" or "Ponzi scheme" being actively discussed. As a result, we have taken the decision to distance ourselves from this project, remove it from the top 100 by market cap list and place a warning on Bitconnect page."

[raoulsergia]

https://coincodex.com/article/1036/what-is-bitconnect-and-why-have-we-decided-to-distance-ourselves-from-it/

Oh no you don't coin codex. Bitconnect is sustainab.................

"After taking the time to further analyse the Bitconnect project it is still unclear who is behind the project, exactly how it works, or if BCC has any actual use. Bitconnect also employs a number of dubious methods in order to operate and promote its business. The business model outlined by the company is economically unsustainable with the current level of returns unable to be validated by any legally known investment system. The Bitconnect project also generates a large amount of negative feedback from within the cryptocurrency community with accusations that the project is actually a "scam" or "Ponzi scheme" being actively discussed. As a result, we have taken the decision to distance ourselves from this project, remove it from the top 100 by market cap list and place a warning on Bitconnect page."

bitconnect at this point is an anonymous ponzi scheme... lol
literally no one knows who is behind it. people even traced the office address turned out to be fake

even though it is a huge freaking scam and prolly will kill many people's monies good job on staging an anonymous ponzi lol.. even madoff wasnt able to do that

[spaceman2]

better listen to the wolf of wallstreet.

https://www.youtube.com/watch?v=GGBxsS3fNPQ&feature=youtu.be&t=26m0s