[ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency

[winchancer]

Just checked and sent my interest to BTC so it is paying. Are you from Texas or something like this?
I heard that they had to stop its business there. Wait for their answer, their suport is very slow.

There is sucker born every minute.

[1715142801]

1715142801

[1715142801]

1715142801

[1715142801]

1715142801

[1715142801]

1715142801

[Gleb Gamow]

I believe they are the main reason why Bitcoin is no longer performing as well as it was. I noticed a significant change in the price action of Bitcoin after they implemented Futures Trading on it.  They corrupt everything they touch. And there isn't a thing we can do about it, because they have more money than we do.

=====================================================

In many ways banking business also operates like a Ponzi, here is why:

1. Banks get fiat deposits from customers.
2. Banks use the deposit and with it automatically can leverage and create money by 10 times the value of the deposits by keeping 4 times as reserve depending banking FED rules and BIS (+/-).
3. With the 6 times exponential money created from a depositor they can lend money put at interest much higher than the FED discount rate in mortgages, commercial loans etc.
4. Bank operation expenses are recovered from Customer deposit fees, credit card fees and services so they do not ever lose any money.
5. Banks get fees and premium gains from making retail auto loans and then selling them out wholesale to Freddie Mac, Fannie Mae or commercial. The big banks invest the money in commercial developments, corporate loans, mutual funds and also trade stock market and commodities etc.

Banks are a money making machine association and as they say if all investors came in at the same time to withdraw deposits, banks would not be able to  return money as they would be bankrupt,

I still do not see how can bitconnect be considered a Ponzi as they are sharing arbitrage profits share of 80% of daily arbitrage profits and keeping 20% from trading BTC as stated in FAQ. Daily % fluctuates and it is not guaranteed if there are any profits. The difference with the banks they do not share anything at the most give you half a percent on savings deposit. Who is really the Ponzi?

In many ways a stay-at-home housewife also operates like a Ponzi, here is why:

1. The sweet commodity between her legs.
2. Hooked a husband who has a well-paying job.
3. Remember that sweet commodity between her legs? She uses that asset to claw moneys from her husband come every Friday.
4. If husband doesn't provide, she seeks out a new mark so to continue the process.

[marikzp]

Scammers! Return my BTC!

[bitChipper]

I believe they are the main reason why Bitcoin is no longer performing as well as it was. I noticed a significant change in the price action of Bitcoin after they implemented Futures Trading on it.  They corrupt everything they touch. And there isn't a thing we can do about it, because they have more money than we do.

=====================================================

In many ways banking business also operates like a Ponzi, here is why:

1. Banks get fiat deposits from customers.
2. Banks use the deposit and with it automatically can leverage and create money by 10 times the value of the deposits by keeping 4 times as reserve depending banking FED rules and BIS (+/-).
3. With the 6 times exponential money created from a depositor they can lend money put at interest much higher than the FED discount rate in mortgages, commercial loans etc.
4. Bank operation expenses are recovered from Customer deposit fees, credit card fees and services so they do not ever lose any money.
5. Banks get fees and premium gains from making retail auto loans and then selling them out wholesale to Freddie Mac, Fannie Mae or commercial. The big banks invest the money in commercial developments, corporate loans, mutual funds and also trade stock market and commodities etc.

Banks are a money making machine association and as they say if all investors came in at the same time to withdraw deposits, banks would not be able to  return money as they would be bankrupt,

I still do not see how can bitconnect be considered a Ponzi as they are sharing arbitrage profits share of 80% of daily arbitrage profits and keeping 20% from trading BTC as stated in FAQ. Daily % fluctuates and it is not guaranteed if there are any profits. The difference with the banks they do not share anything at the most give you half a percent on savings deposit. Who is really the Ponzi?
[/quote]

Because there is not trading bot, there never was. You really believe that they have this amazing trading bot thats making them millions?

If they did why on earth would they create any lending program? they would just keep the massive gains for themselves....there is not trading bot!!

[nthnode404]

I believe they are the main reason why Bitcoin is no longer performing as well as it was. I noticed a significant change in the price action of Bitcoin after they implemented Futures Trading on it.  They corrupt everything they touch. And there isn't a thing we can do about it, because they have more money than we do.

=====================================================

In many ways banking business also operates like a Ponzi, here is why:

1. Banks get fiat deposits from customers.
2. Banks use the deposit and with it automatically can leverage and create money by 10 times the value of the deposits by keeping 4 times as reserve depending banking FED rules and BIS (+/-).
3. With the 6 times exponential money created from a depositor they can lend money put at interest much higher than the FED discount rate in mortgages, commercial loans etc.
4. Bank operation expenses are recovered from Customer deposit fees, credit card fees and services so they do not ever lose any money.
5. Banks get fees and premium gains from making retail auto loans and then selling them out wholesale to Freddie Mac, Fannie Mae or commercial. The big banks invest the money in commercial developments, corporate loans, mutual funds and also trade stock market and commodities etc.

Banks are a money making machine association and as they say if all investors came in at the same time to withdraw deposits, banks would not be able to  return money as they would be bankrupt,

I still do not see how can bitconnect be considered a Ponzi as they are sharing arbitrage profits share of 80% of daily arbitrage profits and keeping 20% from trading BTC as stated in FAQ. Daily % fluctuates and it is not guaranteed if there are any profits. The difference with the banks they do not share anything at the most give you half a percent on savings deposit. Who is really the Ponzi?

Because there is not trading bot, there never was. You really believe that they have this amazing trading bot thats making them millions?

If they did why on earth would they create any lending program? they would just keep the massive gains for themselves....there is not trading bot!!


[/quote]

Very nice to see someone who knows what they are talking about and presents the facts. Bitconnect pays it's "lenders" the interest returns the banks should give us, but still the shills scream "SCAM". It's ok with the shills that the bankster CEOs get millions of dollars in bonuses and get bailed out with taxpayer money and are labeled too big to fail or jail when the get caught manipulating only to get a slap on the wrist or fine (payoff the govt?). Funny that the people who say Bitconnect is a scam are not lending to them, but "know" it's "scam/ponzi/whatever". Give me a break, ref!

[dieselfrank]

I believe they are the main reason why Bitcoin is no longer performing as well as it was. I noticed a significant change in the price action of Bitcoin after they implemented Futures Trading on it.  They corrupt everything they touch. And there isn't a thing we can do about it, because they have more money than we do.

=====================================================

In many ways banking business also operates like a Ponzi, here is why:

1. Banks get fiat deposits from customers.
2. Banks use the deposit and with it automatically can leverage and create money by 10 times the value of the deposits by keeping 4 times as reserve depending banking FED rules and BIS (+/-).
3. With the 6 times exponential money created from a depositor they can lend money put at interest much higher than the FED discount rate in mortgages, commercial loans etc.
4. Bank operation expenses are recovered from Customer deposit fees, credit card fees and services so they do not ever lose any money.
5. Banks get fees and premium gains from making retail auto loans and then selling them out wholesale to Freddie Mac, Fannie Mae or commercial. The big banks invest the money in commercial developments, corporate loans, mutual funds and also trade stock market and commodities etc.

Banks are a money making machine association and as they say if all investors came in at the same time to withdraw deposits, banks would not be able to  return money as they would be bankrupt,

I still do not see how can bitconnect be considered a Ponzi as they are sharing arbitrage profits share of 80% of daily arbitrage profits and keeping 20% from trading BTC as stated in FAQ. Daily % fluctuates and it is not guaranteed if there are any profits. The difference with the banks they do not share anything at the most give you half a percent on savings deposit. Who is really the Ponzi?
[/quote]



I agree, the biggest Ponzi schemes are all run by Banks and Government. But when they do it, its ok. And they dont like private competition.

[phuckit17]

Dang now my State NC says cease and desist.

[dieselfrank]

I believe they are the main reason why Bitcoin is no longer performing as well as it was. I noticed a significant change in the price action of Bitcoin after they implemented Futures Trading on it.  They corrupt everything they touch. And there isn't a thing we can do about it, because they have more money than we do.

=====================================================

In many ways banking business also operates like a Ponzi, here is why:

1. Banks get fiat deposits from customers.
2. Banks use the deposit and with it automatically can leverage and create money by 10 times the value of the deposits by keeping 4 times as reserve depending banking FED rules and BIS (+/-).
3. With the 6 times exponential money created from a depositor they can lend money put at interest much higher than the FED discount rate in mortgages, commercial loans etc.
4. Bank operation expenses are recovered from Customer deposit fees, credit card fees and services so they do not ever lose any money.
5. Banks get fees and premium gains from making retail auto loans and then selling them out wholesale to Freddie Mac, Fannie Mae or commercial. The big banks invest the money in commercial developments, corporate loans, mutual funds and also trade stock market and commodities etc.

Banks are a money making machine association and as they say if all investors came in at the same time to withdraw deposits, banks would not be able to  return money as they would be bankrupt,

I still do not see how can bitconnect be considered a Ponzi as they are sharing arbitrage profits share of 80% of daily arbitrage profits and keeping 20% from trading BTC as stated in FAQ. Daily % fluctuates and it is not guaranteed if there are any profits. The difference with the banks they do not share anything at the most give you half a percent on savings deposit. Who is really the Ponzi?

Because there is not trading bot, there never was. You really believe that they have this amazing trading bot thats making them millions?

If they did why on earth would they create any lending program? they would just keep the massive gains for themselves....there is not trading bot!!


[/quote]

Many Trading bots are used by big business on Wall Street and can get as much as 3-5% daily, yet fools still think its not possible. I have seen with my own eyes a Trading bot that can easily get 2% per day.

Also People do not think out the Bitconnect business model very well. They do not guarantee that you will make money, technically the only thing they guarantee is that you will get back the same dollar value that you invested at the end of the loan contract. I will state that I am an investor. Because I am on the site daily I can attest that I've had many days where I made literally nothing, or close to nothing. The week of Christmas the average rate of interest plummeted to nearly half of one percent. Must also remember that when you lend the BCC, you DO NOT get that back.....EVER, you will get the USD value back......just ask people who invested very early how they invest thousands of BCC on loans when it was valued very low and they will all attest that yes they made money, but they lost their ass in the long run due to the rise in BCC value. Just go to Youtube and there is plenty of butthurt to see from these people. The early investors would have been better off to hold the coin and sell later.  I personally think that if Bitconnect would do away with the referral system they would be permanently sustainable. The referral bs will ultimately be what gets them shut down. Is it a risk to invest? Yes. Do I think its a Ponzi? Not necesarily. Do they need to be more transparent? Hell yes they do. Will they provide that needed transparency? I dont know, but I doubt it. It would be easier to shut down, walk away with all that money and not care than to fight government instrusion.

At the end of the day when everyone loses their money its fair to say we can blame government.

[dieselfrank]

Dang now my State NC says cease and desist.

Every state has a few idiots in government. You should contact your powers that be and voice your concern. I truly believe they government idiots are in the wrong on this issue. Bitconnect is not a security.

[bitChipper]

There has also been a cease and desist order in texas as well, texas also issued a cease and desist order for usi-tech.

It just baffles my mind everytime i get on the thread that people are still in here defending bitconnect as if its a safe, secure and a wise investment.

If your new to crypto and want to invest please dont get caught up in this, just hold your bitcoin or your favorite altcoin.

[winchancer]

So what? They are not the entire world! A lot of ICOs, exchanges don't accept US residents to avoid such situations.
Peope can choose without your constant negative trolling in this topic and promoting your ads.
Some altcoins can be scams as well so?

The crypto world is not the regular trading place, there are scams, inflated coins, so called "Bitcoin whales".

Take a look at Just Dice casino. Since years it still exist and Canada once tried to ban it.
The owner switched to clam coin to avoid the ban...

There has also been a cease and desist order in texas as well, texas also issued a cease and desist order for usi-tech.

It just baffles my mind everytime i get on the thread that people are still in here defending bitconnect as if its a safe, secure and a wise investment.

If your new to crypto and want to invest please dont get caught up in this, just hold your bitcoin or your favorite altcoin.

[Blaster66613]

Hello everybody,

Did it have poeple which have problem with Bitconnect ? I have some. My account is block, I send 3 ticket incident, any answer from the support team since 10 days. I did'nt receive ticket incident in my mail-box. I didn't like to post complain on thread, but for now i have any answer from anywhere from their "support team". In their website it is written "if you have problem, don't worry and be patient we resolve it, just write to support team". That's what we do ! And still nothing for now  !!!

On twitter a lot of poeple begin to complain about this, there are poeple which didn't receive answer from support team since 2 months... Bitconnect team, you have to RESOLVE THESE PROBLEMES, or poeple are going to STOP TO INVEST in yours. Check Twitter and answer to poeple which can't have access to their funds anymore, it's unacceptable from a Coin which earn a lot of money to have no support team ? are you kidding ?!

Hope Bitconnect team support are going to solve these probleme, or be sure that your new BitconnectX did'nt go to succeed in Europe, spread the word is really fast on internet and in real life. I have invest on you, so, prove yourself that you are professionnals. Thank you for your help.

Regards.

[hroub]

=====================================================

In many ways banking business also operates like a Ponzi, here is why:

1. Banks get fiat deposits from customers.
2. Banks use the deposit and with it automatically can leverage and create money by 10 times the value of the deposits by keeping 4 times as reserve depending banking FED rules and BIS (+/-).
3. With the 6 times exponential money created from a depositor they can lend money put at interest much higher than the FED discount rate in mortgages, commercial loans etc.
4. Bank operation expenses are recovered from Customer deposit fees, credit card fees and services so they do not ever lose any money.
5. Banks get fees and premium gains from making retail auto loans and then selling them out wholesale to Freddie Mac, Fannie Mae or commercial. The big banks invest the money in commercial developments, corporate loans, mutual funds and also trade stock market and commodities etc.

Banks are a money making machine association and as they say if all investors came in at the same time to withdraw deposits, banks would not be able to  return money as they would be bankrupt,

I still do not see how can bitconnect be considered a Ponzi as they are sharing arbitrage profits share of 80% of daily arbitrage profits and keeping 20% from trading BTC as stated in FAQ. Daily % fluctuates and it is not guaranteed if there are any profits. The difference with the banks they do not share anything at the most give you half a percent on savings deposit. Who is really the Ponzi?

Because there is not trading bot, there never was. You really believe that they have this amazing trading bot thats making them millions?

If they did why on earth would they create any lending program? they would just keep the massive gains for themselves....there is not trading bot!!

Dude? What the hell do bank pyramids have to do with anything? Bank ponzi's are one of the main reasons Bitcoin and crypto exist in the first place. Making Bitconnect a ponzi like banks defeats one of the main purposes of crypto!

You can see how bitconnect is considered a ponzi in their website where they show you the "pyramid" with the referral amounts you get. Unfortunately all ponzi's work while more people and money are invested in them. Once they stop getting new people and investments the whole pyramid will collapse, and the same goes for the banking system.

[Hobo66]

Bitconnect websites are down I just check here: https://bitconnectcoin.co/

[SickMetaGame]

The most amusing part of this thread is still people who try to argue towards there being a bitcoin trading bot.

There is not. You get paid daily interest based on volatility software interest which is nothing else but % based on how much price fluctuates from the daily starting point.

All you have to do to figure this out is take 15 minutes and look at BTC value graph and BCC daily interest graph at the same time right before day resets itself.

Even if only half of your brain is working you would see this pattern.

SMG

[samsonn25]

Its also possible they are using a bot becausue they are easy to program and can make alot of residual income.  many people are trading and making 1-6% daily

[zintips]

Does anyone know when can the wallet be downloaded in Bitconnect-X;  The Download button shows but it is not activated and there are no instructions when it will. Check for yourselves:

https://bitconnectx.co/

If someone buys their $50 coin? how long do the buyers have to wait for the wallet? and be able to draw a reward?

The bitconnect staking wallet for me was a waste of time and never got any reward after 50 days. I hope the Bitconnect-X desktop wallet will be reliable and better than the lending exchange wallet in Bitconnect.

My understanding is that Bitconnect-X will not have a lending wallet in the exchange only the desktop wallet to be downloaded which is not available yet. It does not seem fair having to buy the ICO and having to wait indefinitely for the wallet and be able to mint and get rewards. Also, I do not want to get trapped waiting to be able to use the deposit as it has happened already in Ethconnect for over 8 weeks.

-------------

Also been experiencing problem with the authenticator code entering BITCONNECT-X, eventhough correct has been entered in one case I had to repeat the same authenticator code 3 times before it accepted the code? weird and worrisome. Hope this problem will go away.

[VladimirChanaev]

Main site of BitConnect is down. Did anyone notice that? I have Cloudflare's Always Online™ feature displaying instead of working site.

[SickMetaGame]

Main site of BitConnect is down. Did anyone notice that? I have Cloudflare's Always Online™ feature displaying instead of working site.

Don't worry, the majority of fanboys are currently refreshing bitconnect's main page faster than Bolivian coke runners push their product, just so they could come and respond how there are no problems the moment that page resumes activities.

I would think the issue is bigger if their ICO page went down same time. But yes, no server host error is currently present when attempting to connect to the lending platform.

e/Which now shows a notice of maintenance.

SMG

[nthnode404]

Main site of BitConnect is down. Did anyone notice that? I have Cloudflare's Always Online™ feature displaying instead of working site.

Don't worry, the majority of fanboys are currently refreshing bitconnect's main page faster than Bolivian coke runners push their product, just so they could come and respond how there are no problems the moment that page resumes activities.

I would think the issue is bigger if their ICO page went down same time. But yes, no server host error is currently present when attempting to connect to the lending platform.

e/Which now shows a notice of maintenance.

SMG

People need to calm down. The server error page happens at least a couple times a month as Bitconnect does maintenance or adds features. It's just a guess, but perhaps they are linking Biconnect.co to BitconnectX, so some features could be synchronized. Last year for example, there was a bug where some users were extracting more coins than they should have been able to. Bitconnect site was down for around three days while they resolved the issue, but they still paid out the interest to the honest users. Also, the people who cheated the platform were restricted from lending until they paid back the amounts they stole.