Fate of Bitconnect

[tsaroz]

Why is bitconnect having a sharp drop after a long steady growth.
Any cautiousness news lately?
Can anyone explain the reason?

[howard.ashoul]

Fate?

People who are running Bitconnect will end up either in jail or at Bahamas at big ass yacht.
People who put money into it will end up broke.

That's how scams always ends. 

[pawanjain]

Although it dropped huge to 55% which was like $58 a coin it increased rapidly and now its at $97 . Such a huge fluctuation in a very short time.
This actually shows that the coin has no potential and is being used just to invest in its own website. I already knew that when bitconnect will fall the price will drop drastically and its proven in  today's fluctuation . This is the reason i didnt wanted to invest in bitconnect. Although i feel jealous sometimes when people make huge money out of it

[Bes19]

I have friends who invested on Bitconnet and I knew it will dump someday that's why i refuse to invest there. I don't see any good potential or future on this coin. It is just like other site who make their own coin.

[tsaroz]

Fate?

People who are running Bitconnect will end up either in jail or at Bahamas at big ass yacht.
People who put money into it will end up broke.

That's how scams always ends. 

Though bitconnect was hugely pre-mined (17%), It's still a POW/POS coin for the rest.
And many of that premined coins were distributed as bounty. Must be a large holder dumping.

[Filmmmakerr]

I still don't understand the value and need for bit connect. I keep hearing that there a scam and such but even the coin doesn't sound so appealing.

[leea-1334]

I think one of the biggest explanations for this was the simple BCC confusion. A lot of people thought they were buying up Bitcoin Cash since they shared the same BCC ticker. Then those who made mistakes sold it anyway for profit and Bitconnect profited from that.

I never heard of Bitconnect until 1 August actually, this is a funny world of crypto hehe.

[CryptoTamer]

Bitconect has no potential, what are their advantages?
only used for landing investment?

If they just rely on landing,
I'm sure in the end bitconect will be destroyed 

[olushakes]

Fate?

People who are running Bitconnect will end up either in jail or at Bahamas at big ass yacht.
People who put money into it will end up broke.

That's how scams always ends. 

You would actually do more in helping if you have provided reasons for this conclusion so that we can all learn about it. I also heard about it some few days ago and how its doing fine in which I was even thinking of investing in it if not for the commitment that I had to make. But at the same time anybody should know that alts are about pump and dump the most important is whether it will raise again or its to the rock bottom.

[k@suy]

Bitconect has no potential, what are their advantages?
only used for landing investment?

If they just rely on landing,
I'm sure in the end bitconect will be destroyed 

You maybe have a poi nt here. It seems there is no concrete used of this coin. Though I not really familiar with its roadmap but only I am trading it. I hope the can launch a new application or services using this coin.

[Rozita]

I think one of the biggest explanations for this was the simple BCC confusion. A lot of people thought they were buying up Bitcoin Cash since they shared the same BCC ticker. Then those who made mistakes sold it anyway for profit and Bitconnect profited from that.

I never heard of Bitconnect until 1 August actually, this is a funny world of crypto hehe.

It is not true. Just see the charts. Bitconnect had increased in price steadily after its creation. The price rise is not related to Bitcoin Cash.

[mikfresh]

Update:
Our BitConnect cryptocurrency will be removed from all exchanges on March 19, 2018.
Therefore, we offer an opportunity for our members.
You can exchange your BCC tokens at the current rate of $142.47 USD per token.
Only until March 19, 2018.
From that day, the currency will no longer have any value and will stop circulating.
Follow the instructions in the following article:
http://telegra.ph/GUIDE-TO-RECOVER-THE-INVESTMENT-FOR-THE-BITCONNECT-BCC-CRYPTOCURRENCY-02-26

You can check future updates through the BitConnect twitter.
https://twitter.com/BitConnectUK

For technical problems related to the synchronization of your wallet, you should contact us by email by writing to support@bitconnect.co or visiting our website www.bitconnect.co

Wow, so after you fraud so many people you're back in the business. Hope you guys will make up for the Ponzi you created. This puts a shame to the entire crypto world. Let people exchange the BCC for actual BTC.

[lenj]

Fate?

People who are running Bitconnect will end up either in jail or at Bahamas at big ass yacht.
People who put money into it will end up broke.

That's how scams always ends. 

There are so many people said that bitconect is scam so that is the reason why its price goes down very rapidly.
The lending platform also finish and its the signal of bitconnect is really scam. For new people who will join it then better not to invest tehre

[Endikadija]

Update:
Our BitConnect cryptocurrency will be removed from all exchanges on March 19, 2018.
Therefore, we offer an opportunity for our members.
You can exchange your BCC tokens at the current rate of $142.47 USD per token.
Only until March 19, 2018.
From that day, the currency will no longer have any value and will stop circulating.
Follow the instructions in the following article:
http://telegra.ph/GUIDE-TO-RECOVER-THE-INVESTMENT-FOR-THE-BITCONNECT-BCC-CRYPTOCURRENCY-02-26

You can check future updates through the BitConnect twitter.
https://twitter.com/BitConnectUK

For technical problems related to the synchronization of your wallet, you should contact us by email by writing to support@bitconnect.co or visiting our website www.bitconnect.co

Wow, so after you fraud so many people you're back in the business. Hope you guys will make up for the Ponzi you created. This puts a shame to the entire crypto world. Let people exchange the BCC for actual BTC.

That's a scammer and don't take it seriously. that was different person i guess. That account has been used to spread that scam post in every thread on this forum. That's horrible how the more scammers in this time. Bitconnect has enough but another new scammer was appearing. So sad.

[paramex]

The reason why the price drops very fast. Because many people say that bitconnect scam. even the coins do not sound so attractive either. though also
the coin rises rapidly. Such a huge fluctuation in a very short time.