criptix
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Activity: 2464
Merit: 1145
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January 17, 2018, 01:11:51 AM |
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So the ponzi scam BitConnect is finally dead? First casualty of the shitcoin saga?
Looks like it. Amazingly someone is buying now and price bounced a bit. Still down 86% on the day. If I'm understanding correctly bitconnect customers were able to cash out the value of their accounts into bitconnect tokens at a price of $363. Currently the price is about $35 They were told they would be able to do that. I don’t know if they actually can cash out. I think they can. But what they are getting is bcc tokens. So for example if their account had a 100k usd value they will get 100,000/363= roughly 275 tokens. Now worth 275 tokens X 35= 9625 USD The people who cashed out earlier today salvaged things a little better as price was still over a 100 this is so funny - and trevon is still trying to defend bitconnect on youtube lmao
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Icygreen
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Activity: 1463
Merit: 1135
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January 17, 2018, 01:28:06 AM |
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No surprises here. The mountains of gains always get chopped off in BTC. Haven't sodl anything but I'm still buying Anyway, I'm not here simply to "get rich quick". That may be the eventual consequence of my actions but I'm more interested in challenging the financial status quo. My eventual goal is to be "Unbanked".
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bones261
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Activity: 1806
Merit: 1827
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January 17, 2018, 01:32:30 AM |
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I SODL on downside of the last bounce. Now it looks like it will be bouncing higher. Was hoping this was a dead cat bounce. Probably will soar now.
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HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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January 17, 2018, 01:45:16 AM |
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I SODL on downside of the last bounce. Now it looks like it will be bouncing higher. Was hoping this was a dead cat bounce. Probably will soar now. I’m a bull but risks are definitely to the downside in the short term. We have broken support levels above $10k so we shouldn’t expect a rally. Ideally you want to position yourself so you do well irregardless of whether the price goes up or down.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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January 17, 2018, 01:46:31 AM |
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It’s normal for third world countries to require you to use their local currency. Makes it very hard to do construction projects there because you can’t get your money out.
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nikauforest
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January 17, 2018, 02:07:45 AM |
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I just got off the phone with my father in law. ( He is the ultimate contrary indicator)
I know this is only a correction because he was so happy he doesn't own any Bitcoin. I will be worried when he asks me if it is a good time to buy. So far my indicator has been 100% accurate in more then just this market. He did not like gold at 280 then he liked it at 1700. He did not like tech stocks in the early 90's, he liked tech stocks in 1999. Crazy! On and on. I don't have the heart to tell him he is the ultimate contrary indicator.
So as far as I am concerned. New highs incoming later this year, probably sooner then the anti bitcoin people think.
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User705
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Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
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January 17, 2018, 02:30:33 AM |
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So the ponzi scam BitConnect is finally dead? First casualty of the shitcoin saga?
Looks like it. Amazingly someone is buying now and price bounced a bit. Still down 86% on the day. If I'm understanding correctly bitconnect customers were able to cash out the value of their accounts into bitconnect tokens at a price of $363. Currently the price is about $35 They were told they would be able to do that. I don’t know if they actually can cash out. I think they can. But what they are getting is bcc tokens. So for example if their account had a 100k usd value they will get 100,000/363= roughly 275 tokens. Now worth 275 tokens X 35= 9625 USD The people who cashed out earlier today salvaged things a little better as price was still over a 100 As long as they give them enough token at current market price then their part of the deal is met. Of course you still can’t sell it for anything close to that the next day. Serves them right. You could see that shit coming a mile away.
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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January 17, 2018, 02:43:41 AM |
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On the bitconnect front, I play around on the Thai exchanges and one of their lower volume exchanges quickly went from 450k THB to 225k THB (about $7,500). I'm not sure if it was bitconnect related but I know a lot of Thais were targeted for that scamcoin.
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Sitarow
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Activity: 1792
Merit: 1047
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January 17, 2018, 03:02:47 AM |
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Just buy the dips and profit.
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muadib83
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Activity: 42
Merit: 0
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January 17, 2018, 03:10:36 AM |
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I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man
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Higher Altitude
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January 17, 2018, 03:13:17 AM |
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I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation.
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bonipper
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January 17, 2018, 03:18:29 AM |
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I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation. Maybe someone is dumping all the bitcoin profits they made from bitconnect. Maybe bitcoin will recover after they stop dumping.
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OWZ1337
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Activity: 140
Merit: 17
BITCOIN===>THE DISRUPTIVE CYBERCURRENCY
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January 17, 2018, 03:30:02 AM |
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I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation. Maybe someone is dumping all the bitcoin profits they made from bitconnect. Maybe bitcoin will recover after they stop dumping. \\\v///$5000 possible weee
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lightfoot
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Activity: 3122
Merit: 2242
I fix broken miners. And make holes in teeth :-)
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January 17, 2018, 03:30:41 AM |
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I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation. Maybe someone is dumping all the bitcoin profits they made from bitconnect. Maybe bitcoin will recover after they stop dumping. Oh is that what blew up the price? A Ponzi scheme collapsing? Man no one makes money on those things.
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OWZ1337
Member
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Activity: 140
Merit: 17
BITCOIN===>THE DISRUPTIVE CYBERCURRENCY
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January 17, 2018, 03:32:25 AM |
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I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation. Maybe someone is dumping all the bitcoin profits they made from bitconnect. Maybe bitcoin will recover after they stop dumping. Oh is that what blew up the price? A Ponzi scheme collapsing? Man no one makes money on those things. the insiders did i bet :\ meh
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Higher Altitude
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January 17, 2018, 03:39:38 AM |
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I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation. Maybe someone is dumping all the bitcoin profits they made from bitconnect. Maybe bitcoin will recover after they stop dumping. Oh is that what blew up the price? A Ponzi scheme collapsing? Man no one makes money on those things. the insiders did i bet :\ meh Yep. Bitconnect is dead I guess. Everyone who saw videos on Youtube of their conference knew it was a scam. This guy has become a meme now. The early people certainly made a lot of money there and the general populace got burned. That's why we should sometimes listen to our fellow crypto lovers when they have our best interest at heart. Bitcoin is the one and only original. If its price goes somewhere sub 3k it's probably game over. But it won't happen until all the knockoffs die first.
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cofefeGandalf
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Activity: 96
Merit: 14
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January 17, 2018, 03:43:16 AM |
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Another dump incoming? My buy orders are ready. UHWEEEH
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MinermanNC
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Activity: 2198
Merit: 1000
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January 17, 2018, 03:49:33 AM |
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We're watching our new found fortunes slip away Come back BTC! lol (I'm sure it will)
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