[ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency

[Chol_gol]

the developer has claimed its due to bcc lending??
what is lending??

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[tomsmith26]

Does anyone know why BCC is losing its price dramatically?? please explain??

It's just like as a pyramid scheme which they want to get out with your money . It's a scam project run by some professional HIYP scammers .
I can know this project as like as scam pyramid at the starting days and I did not join it . Many investors lost much money for this scam project.

[AGM76]

Interesting,all who bought @ 0.20-1$ and sold @ 200$+ also unhappy? people,this is crypto,look @ coinmarketcap,bitconnect from 0.12$ to 400$+ and people started talking that its a scam at begin,we have winners and losers,someone got lambo,someone bought him that lambo,thats all,you can write whereever you want,but if i got that coin @20 cent and sold it to YOU for 200$+ its your problems,not mine.

the problem is these kind of scams hurt crypto or other virtual currencies, that is what we want to prevent.

I hope this gets delisted, so all these whiners can forget and move on.

I understand,but would i see one who invested 200 000$ and got profit and cry here that its a scam? its like ,when you invest money and get profit,its fine,but when you loose its a scam,i see this with every ico,with every coin that bought by someone on price peak,even from those who bought bitcoin @20 000$+ now they cry . IF people do not understand how things work here,better dont put money here,but everyone wanna get easy cash in cryptoworld. I lost a lot of profit myself,but its how things work here for now.

I'm starting to wonder if people really understand how crypto or even ICOs work. Yes many stocks and securities are the same and don't pay dividends etc but in this unregulated space, ICOs are just a way to raise funds. The underlying asset people buy is not linked to the profitability of the company issuing the tokens/coins. It is just one big Ponzi scheme (as people like to call it) and nobody will be able to cash it all in at anything like the same average value paid. The company already has all the funds and just gave you tokens in exchange. The only reason they hold value is people are reluctant to sell at less than they paid unless some bad news hits. Are people really this delusional and think any sort of crypto has any underlying value related to the company they just sent free money too? When to avoid any similarities to securities in USA, they have to be careful about sharing profits (although this hasn't stopped many and no court cases have resolved this issue as it's mainly unregulated everywhere).

Saying that, as people like to go after all these 'scams' that seem to be more profitable to the average crypto investor than most others, here is a long list of portals that specialise in promoting 'lending platforms', the new 'evil' that makes everyone a lot more money on average than most other ICOs.

Also, I keep seeing messages on this forum of how bitconnect has no value but people don't seem to write about how their BitconnectX ICO raises $13million each day (or at least a couple of million if people are paying in BCC tokens mostly now - before they allowed BCC at $150 value they were scertainly making over $13million each day). Doesn't this suggest they have a much brighter future than most other companies out there?


Lending Platform portal sites (let's all get them shut down   and get the owners jailed   )  :
(by the way, people orchestrating this hate on these good crypto models, whether deliberately or otherwise, are harming people whilst at the same time galvanising support for cryptos in general in an unhealthy and corrupting way - this is how governments and societies have always controlled people and I'm sure some people understand how it works and it's not all been a random occurrence - and do you think the people orchestrating this corruption are good people ??)

http://icoreview.site (one of the most popular and dedicated only to these bitconnect clones)
https://www.ffffffico.com/
http://cryptolendingreview.com
http://lendingICOs.com
https://ico-verifiedlist.com/lending-icos/
http://cryptolendingcompare.com/
https://www.topbitcoinlendingsites.com/
https://cryptolending.review/
https://www.cryptolendingico.com/
https://www.cryptolendingprograms.com/

Those are just 10 but there are many more. Lets all get them shut down and jailed !!  

If it's about visibility (who all these forum naysayers go after for promoting 'scams') what about one of the largest websites in the world :
(around the top 100 now in the world and 38th in USA according to Alexa, a big rise even from recent months)



The crazy thing is they were promoting obvious and unsustainable ponzi scams such as bitpetite and laser.online and raking in millions of dollars in commission payments (the @bccponzi twitter guy showed how much commission they made from bitpetite I believe: https://twitter.com/bccponzi/status/923611568151113728 - millions of dollars of referrals each month!). Obviously, they also promoted bitconnect.

[AGM76]

Does anyone know why BCC is losing its price dramatically?? please explain??

It's just like as a pyramid scheme which they want to get out with your money . It's a scam project run by some professional HIYP scammers .
I can know this project as like as scam pyramid at the starting days and I did not join it . Many investors lost much money for this scam project.

How many times can you say pyramid and scam in one short post - must be a record. They are accepting BCC tokens for their new ICO BitconnectX and BCC markets have such low comparative volumes that it would be worthless for them to dump and also counterproductive (they already lose well over $10million a day from the initial panic-selling taking BCC for $150 as they would have raised $13million a day instead taking BTC and other coins)?

[MEROVINGIO]

sorry for my question, I've just been in crypto.
but, if the trading platform has released all investments to legitimate investors. how can the accusation of the ponzi scheme stand up?

[neverxpected]

Interesting,all who bought @ 0.20-1$ and sold @ 200$+ also unhappy? people,this is crypto,look @ coinmarketcap,bitconnect from 0.12$ to 400$+ and people started talking that its a scam at begin,we have winners and losers,someone got lambo,someone bought him that lambo,thats all,you can write whereever you want,but if i got that coin @20 cent and sold it to YOU for 200$+ its your problems,not mine.

the problem is these kind of scams hurt crypto or other virtual currencies, that is what we want to prevent.

I hope this gets delisted, so all these whiners can forget and move on.

I understand,but would i see one who invested 200 000$ and got profit and cry here that its a scam? its like ,when you invest money and get profit,its fine,but when you loose its a scam,i see this with every ico,with every coin that bought by someone on price peak,even from those who bought bitcoin @20 000$+ now they cry . IF people do not understand how things work here,better dont put money here,but everyone wanna get easy cash in cryptoworld. I lost a lot of profit myself,but its how things work here for now.

No no no no and NO!  

Not trying to be harsh, but that's not how "things work here for now".  Bitconnect was not a normal situation, bitconnect was a wolf in sheep's clothing and was a scam from the beginning even with all the profits people were making.  

It was a true ponzi scheme.  Honestly anyone who didn't see that needs to freshen up on definitions of ponzi schemes.  The first/top people ALWAYS make money and make profit and try their best to bring in the next idiot.  As long as you're not the last person getting in and you've made profit then you "win".  Once the money dries up it's gone aka why Bitconnect shut down.  Heck I literally thought about throwing $100 of gamble money into myself at one time even though I KNEW it was a ponzi scheme because I felt there was enough dumb people out there to fall for it to keep it around for a year or two at least!  But not once would you ever see me promoting it.  I even stated that in multiple posts I've made around the net - I'd gamble with some small change for fun before it explodes, but I'll never promote it and risk losing my credibility (craig, trevon, cryptonick)

Oddly enough they gave out some stupid response of "why" they decided to shut down lol.  Ok well if you truly had a autobot bitcoin trader (which they never did) then you wouldn't have to shut down no matter what people complained about or if only 2 states gave you a cease and desist or a DDOS.  If you're making $$$$ you keep the company alive and FIGURE out how to pivot around the issues and move on.

But please don't put Bitconnect and normal cryptocurrencies will real world changing technologies in the same boat my friend.

[AdamT]

Does anyone know why BCC is losing its price dramatically?? please explain??

Because state regulators ordered it to cease its ponzi operation and ignorant noobs finally realized it was a scam.

[suchmoon]

Does anyone know why BCC is losing its price dramatically?? please explain??

It's just like as a pyramid scheme which they want to get out with your money . It's a scam project run by some professional HIYP scammers .
I can know this project as like as scam pyramid at the starting days and I did not join it . Many investors lost much money for this scam project.

How many times can you say pyramid and scam in one short post - must be a record. They are accepting BCC tokens for their new ICO BitconnectX and BCC markets have such low comparative volumes that it would be worthless for them to dump and also counterproductive (they already lose well over $10million a day from the initial panic-selling taking BCC for $150 as they would have raised $13million a day instead taking BTC and other coins)?

They are not losing anything. BCC and BCCX are tokens they made up out of thin air. The cost to the scammers is 0. "Selling out" isn't a fact either, scammers love to create FOMO. What matters is that they are promising unrealistic returns, don't have actual business income, and it will all end badly (again) for the same reason - ponzi schemes are unsustainable and only last as long as victims are willing to give them more money.

You're a persistent little fucker. Enjoy the red.

[JohnDoe3490]

How is this coin still alive and not $0 lmao? Pumping from one scam to another scam. People think this is going to be magic money?

[OWZ1337]

Does anyone know why BCC is losing its price dramatically?? please explain??

It's just like as a pyramid scheme which they want to get out with your money . It's a scam project run by some professional HIYP scammers .
I can know this project as like as scam pyramid at the starting days and I did not join it . Many investors lost much money for this scam project.

How many times can you say pyramid and scam in one short post - must be a record. They are accepting BCC tokens for their new ICO BitconnectX and BCC markets have such low comparative volumes that it would be worthless for them to dump and also counterproductive (they already lose well over $10million a day from the initial panic-selling taking BCC for $150 as they would have raised $13million a day instead taking BTC and other coins)?

keyword : worthless :-D haha

[AGM76]

Does anyone know why BCC is losing its price dramatically?? please explain??

It's just like as a pyramid scheme which they want to get out with your money . It's a scam project run by some professional HIYP scammers .
I can know this project as like as scam pyramid at the starting days and I did not join it . Many investors lost much money for this scam project.

How many times can you say pyramid and scam in one short post - must be a record. They are accepting BCC tokens for their new ICO BitconnectX and BCC markets have such low comparative volumes that it would be worthless for them to dump and also counterproductive (they already lose well over $10million a day from the initial panic-selling taking BCC for $150 as they would have raised $13million a day instead taking BTC and other coins)?

They are not losing anything. BCC and BCCX are tokens the made up out of thin air. The cost to the scammers is 0. "Selling out" isn't a fact either, scammers love to create FOMO. What matters is that they are promising unrealistic returns, don't have actual business income, and it will all end badly (again) for the same reason - ponzi schemes are unsustainable and only last as long as victims are willing to give them more money.

You're a persistent little fucker. Enjoy the red.

Well obviously the people who say the truth are often hated. So you are telling me that they are making up all the BCCX they sell each day? So even before they closed the lending they didn't receive $13million each day in BTC or equivalent assets? They are losing if they did always sell out because they are taking BCC tokens worth less than 10% of the price they are accepting for them and limited liquidity too at the moment.

So when you invest in any ICO, why is that not a Ponzi if the value of the token isn't really based on the success of the company as profits are not shared (at least with most stocks there is some eventual hope of a profit share or acquisition later on but someone buying a company that issued these crypto tokens in the past does not need to buy these tokens back)? Aren't these tokens usually a zero sum game so if the price goes up there has to be losers when people sell (i.e. all gains are from bringing in new people to buy the token at the expense of others)??

This is so obvious I never had to look any of this up to find these answers but I have now done a bit of digging and ask you to ponder this from someone (didn't bitconnect not only generate profits as the 'broker' but also from the lending too? This is unlike almost all other cryptos which are totally Ponzi-like):

"When you buy a stock, your money goes to the last person(s) that previously owned your shares – and to pay a fee for the transaction. The only generation of wealth comes from the transaction fees and that goes to the brokerage. The direction of the stock price is determined by the balance of people buying vs. selling the stock – a net buying forces the price up and a net selling forces it down. The degree depends on transaction volume and rate. The point being that not everyone who holds the stock in question can cash out at a net gain.
If you accept the fact that the activity of trading stocks has no way in itself of generating wealth, then it it is a short path to the conclusion that trading stocks can only transfer wealth (to the brokerage and to people who sell at a gain – all from people who sell at a loss)."

[suchmoon]

Well obviously the people who say the truth are often hated. So you are telling me that they are making up all the BCCX they sell each day? So even before they closed the lending they didn't received $13million each day in BTC? They are losing if they did always sell out because they are taking BCC tokens worth less than 10% of the price they are accepting for them.

You use the word "obviously" in a way that makes me think you don't know what it means.

I'm saying that we have no way of knowing what's going on with BCCX. There is no transparency whatsoever. There is no way of knowing if they are selling out or if they're selling more than $13m worth.

So when you invest in any ICO, why is that not a Ponzi if they value of the token isn't really based on the success of the company as profits are not shared (at least with most stocks there is some eventual hope of a profit share or acquisition later on but someone buying a company that issued these crypto tokens in the past does not need to buy these tokens back)? Aren't these tokens usually a zero sum game so if the price goes up there has to be losers when people sell??

Your whataboutism is getting old. Bitconnect is a proven scam. That is not going to change even if there are other scams out there. Bitconnect is the scheme that blatantly promised high returns and then collapsed. If other ICOs do the same they're scams too but why don't you go post about that in their respective threads? Keep this on topic.

[GAZE272]

any idea where can one find out about bccx? can't get any info on it, it's so fucking scammy.

[AGM76]

Well obviously the people who say the truth are often hated. So you are telling me that they are making up all the BCCX they sell each day? So even before they closed the lending they didn't received $13million each day in BTC? They are losing if they did always sell out because they are taking BCC tokens worth less than 10% of the price they are accepting for them.

You use the word "obviously" in a way that makes me think you don't know what it means.

I'm saying that we have no way of knowing what's going on with BCCX. There is no transparency whatsoever. There is no way of knowing if they are selling out or if they're selling more than $13m worth.

So when you invest in any ICO, why is that not a Ponzi if they value of the token isn't really based on the success of the company as profits are not shared (at least with most stocks there is some eventual hope of a profit share or acquisition later on but someone buying a company that issued these crypto tokens in the past does not need to buy these tokens back)? Aren't these tokens usually a zero sum game so if the price goes up there has to be losers when people sell??

Your whataboutism is getting old. Bitconnect is a proven scam. That is not going to change even if there are other scams out there. Bitconnect is the scheme that blatantly promised high returns and then collapsed. If other ICOs do the same they're scams too but why don't you go post about that in their respective threads? Keep this on topic.

The reason I posted on this thread was that people like you kept saying bitconnect 'collapsed' when it is blatantly false. They profited hugely from the lending and were not in any financial troubles. So they didn't 'collapse' in the way most people think and could have carried on fine if it wasn't for all the 'scam' complaints and getting authorities interested. They never scammed anyone before they were forced to close the lending and still paid everyone back their loans early at the 15 day average market price.

[GAZE272]

Well obviously the people who say the truth are often hated. So you are telling me that they are making up all the BCCX they sell each day? So even before they closed the lending they didn't received $13million each day in BTC? They are losing if they did always sell out because they are taking BCC tokens worth less than 10% of the price they are accepting for them.

You use the word "obviously" in a way that makes me think you don't know what it means.

I'm saying that we have no way of knowing what's going on with BCCX. There is no transparency whatsoever. There is no way of knowing if they are selling out or if they're selling more than $13m worth.

So when you invest in any ICO, why is that not a Ponzi if they value of the token isn't really based on the success of the company as profits are not shared (at least with most stocks there is some eventual hope of a profit share or acquisition later on but someone buying a company that issued these crypto tokens in the past does not need to buy these tokens back)? Aren't these tokens usually a zero sum game so if the price goes up there has to be losers when people sell??

Your whataboutism is getting old. Bitconnect is a proven scam. That is not going to change even if there are other scams out there. Bitconnect is the scheme that blatantly promised high returns and then collapsed. If other ICOs do the same they're scams too but why don't you go post about that in their respective threads? Keep this on topic.

The reason I posted on this thread was that people like you kept saying bitconnect 'collapsed' when it is blatantly false. They profited hugely from the lending and were not in any financial troubles. So they didn't 'collapse' in the way most people think and could have carried on fine if it wasn't for all the 'scam' complaints and getting authorities interested. They never scammed anyone before they were forced to close the lending and still paid everyone back their loans early at the 15 day average market price.

so maybe you can tell me where i can find information about bccx, you seem to know a bit about bcc.

[suchmoon]

The reason I posted on this thread was that people like you kept saying bitconnect 'collapsed' when it is blatantly false. They profited hugely from the lending and were not in any financial troubles. So they didn't 'collapse' in the way most people think and could have carried on fine if it wasn't for all the 'scam' complaints and getting authorities interested. They never scammed anyone before they were forced to close the lending and still paid everyone back their loans early at the 15 day average market price.

Of course the scammers profited, that's the point of the scam. But they didn't pay everyone back. Worthless made-up tokens are worthless. They should have paid back those dollars that they promised - should be easy since they were not in financial trouble? But they didn't. Therefore scam. Authorities tend to be interested in large scams.

[MaryAngela_Fantocci]

Scam or not - it doesn't matter because the interest to this token is really big. So we can only envy to pr-team of this project 

[bitChipper]

Well obviously the people who say the truth are often hated. So you are telling me that they are making up all the BCCX they sell each day? So even before they closed the lending they didn't received $13million each day in BTC? They are losing if they did always sell out because they are taking BCC tokens worth less than 10% of the price they are accepting for them.

You use the word "obviously" in a way that makes me think you don't know what it means.

I'm saying that we have no way of knowing what's going on with BCCX. There is no transparency whatsoever. There is no way of knowing if they are selling out or if they're selling more than $13m worth.

So when you invest in any ICO, why is that not a Ponzi if they value of the token isn't really based on the success of the company as profits are not shared (at least with most stocks there is some eventual hope of a profit share or acquisition later on but someone buying a company that issued these crypto tokens in the past does not need to buy these tokens back)? Aren't these tokens usually a zero sum game so if the price goes up there has to be losers when people sell??

Your whataboutism is getting old. Bitconnect is a proven scam. That is not going to change even if there are other scams out there. Bitconnect is the scheme that blatantly promised high returns and then collapsed. If other ICOs do the same they're scams too but why don't you go post about that in their respective threads? Keep this on topic.

The reason I posted on this thread was that people like you kept saying bitconnect 'collapsed' when it is blatantly false. They profited hugely from the lending and were not in any financial troubles. So they didn't 'collapse' in the way most people think and could have carried on fine if it wasn't for all the 'scam' complaints and getting authorities interested. They never scammed anyone before they were forced to close the lending and still paid everyone back their loans early at the 15 day average market price.

It blatantly DID collapse!! It went from like $400 to $10, how is that NOT a collapse?!

At this point its like you are just shilling to troll people, bitconnect will go down in crypto history as one of the most shady/scam coins there ever was.

[bitChipper]

The reason I posted on this thread was that people like you kept saying bitconnect 'collapsed' when it is blatantly false. They profited hugely from the lending and were not in any financial troubles. So they didn't 'collapse' in the way most people think and could have carried on fine if it wasn't for all the 'scam' complaints and getting authorities interested. They never scammed anyone before they were forced to close the lending and still paid everyone back their loans early at the 15 day average market price.

Of course the scammers profited, that's the point of the scam. But they didn't pay everyone back. Worthless made-up tokens are worthless. They should have paid back those dollars that they promised - should be easy since they were not in financial trouble? But they didn't. Therefore scam. Authorities tend to be interested in large scams.

Authorities are interested and the class action lawsuit that was filled in florida is a good start but i highly doubt any justice will be served here. Maybe some of the big youtube promoters will get slapped on the wrist with something but thats probably it.

Unfortunately in the end the people who will be punished is the hardworking people who took money out of their savings to try and get in on some of this "bitcoin boom" stuff and were mislead by greedy/irresponsible promoters who got them to invest through their ref link...shame shame shammmeee on the promoters of this!

[AGM76]

The reason I posted on this thread was that people like you kept saying bitconnect 'collapsed' when it is blatantly false. They profited hugely from the lending and were not in any financial troubles. So they didn't 'collapse' in the way most people think and could have carried on fine if it wasn't for all the 'scam' complaints and getting authorities interested. They never scammed anyone before they were forced to close the lending and still paid everyone back their loans early at the 15 day average market price.

Of course the scammers profited, that's the point of the scam. But they didn't pay everyone back. Worthless made-up tokens are worthless. They should have paid back those dollars that they promised - should be easy since they were not in financial trouble? But they didn't. Therefore scam. Authorities tend to be interested in large scams.

Authorities are interested and the class action lawsuit that was filled in florida is a good start but i highly doubt any justice will be served here. Maybe some of the big youtube promoters will get slapped on the wrist with something but thats probably it.

Unfortunately in the end the people who will be punished is the hardworking people who took money out of their savings to try and get in on some of this "bitcoin boom" stuff and were mislead by greedy/irresponsible promoters who got them to invest through their ref link...shame shame shammmeee on the promoters of this!

https://thebitcoinnews.com/bitconnect-faces-lawsuit-for-operating-wide-reaching-ponzi-scheme/

Even the story is saying bitconnect made millions from the lending and trading platform (so the returns they paid were never excessive compared to the growth of the coin). A mistake in the lawsuit seems to be this 'promise' of 1% a day which was never true. There was no guaranteed daily percentage and often they paid 0% (only the largest investments, not any reinvests, would guarantee a smaller percentage bonus on top of at least 0.1% to 0.25%).

By the way, why aren't people more interested in laser.online (Some actor known as Anthony Garley appeared towards the end of its life) which was a complete Ponzi scheme and stole everyone's BTC? It's because these are known to be HYIP and often people get into them knowing they will collapse. There are no laws against these crypto sites in UK at least, especially as most cryptos are just unbacked speculative assets even the top ones like bitcoin.