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Author Topic: BitConnect market cap dropped from 2 billion to 600 million ?  (Read 4167 times)
razzor85
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November 04, 2017, 01:21:42 PM
 #1

Is the the Game over for BitConnect?  Shocked

Today the market cap dropped from 2 billion to 600 million.

In October we had 7.238.551 BCC    https://web.archive.org/web/20171023022949/https://coinmarketcap.com/     
an today only 2.138.092 BCC  coins.

My favorite altcoin slogan "Shitcoin to the moon! No to the mars!! I like these shit times"  Wink

And now they make a new advertisement  in coinmarketcap "invest in BitConnect".  Shocked

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November 04, 2017, 02:40:44 PM
 #2

Bitconnect = a scam https://www.reddit.com/r/Bitconnect/comments/77s7lk/bitconnect_ponzi_investigation_officially_linking/
https://www.youtube.com/watch?time_continue=43&v=kbR1SXIje1U

They are still listed at coinmarketcap  but there was a correction of coins in circulation.
 

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November 04, 2017, 02:55:05 PM
 #3

Is the the Game over for BitConnect?  Shocked

Today the market cap dropped from 2 billion to 600 million.

In October we had 7.238.551 BCC    https://web.archive.org/web/20171023022949/https://coinmarketcap.com/     
an today only 2.138.092 BCC  coins.

My favorite altcoin slogan "Shitcoin to the moon! No to the mars!! I like these shit times"  Wink

And now they make a new advertisement  in coinmarketcap "invest in BitConnect".  Shocked



https://coinmarketcap.com/currencies/bitconnect/
What the fuck already happened with the bitshitconnect, It looks the supply already manipulated by the developer. Glad to see the bitconneck already kicked out from top 10 coinmarketcap.
Bitconnect try to launch the next advertisement to plunged a lot of the new comer into the bitconnect's ponzi scheme.

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November 04, 2017, 03:03:56 PM
 #4

Is the the Game over for BitConnect?  Shocked

Today the market cap dropped from 2 billion to 600 million.

In October we had 7.238.551 BCC    https://web.archive.org/web/20171023022949/https://coinmarketcap.com/     
an today only 2.138.092 BCC  coins.

My favorite altcoin slogan "Shitcoin to the moon! No to the mars!! I like these shit times"  Wink

And now they make a new advertisement  in coinmarketcap "invest in BitConnect".  Shocked



So they were speaking true about this coin, it wasn't actually circulating with its capacity and it finally dropped to way below. The 600 million market cap is really cheap for the coin which is coming out of the curiosity situation of the world. I mean there are so many other coins which are having greater market cap than this one and yet they are not marketed properly. I think the golden days for bitcoinnect are ending soon. With that much low market cap it can drain like anything. Things are really complicated in the world of crypto currencies may be we need to take it that way and forget the old coins.


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November 04, 2017, 03:04:26 PM
 #5

When I read the title I thought that finally they would have to be accused of ponzi scheme

Is the the Game over for BitConnect?  Shocked

Today the market cap dropped from 2 billion to 600 million.

they are always recruiting new investors, maybe the number of new investors has reduced, who knows ... unfortunately theyl are 15 in the coinmarketcap


What the fuck already happened with the bitshitconnect, It looks the supply already manipulated by the developer.

these guys are scammer experts, they manipulate people, see that in Asia they have a lot of acceptance and they do a lot of publicity to recruit more people

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November 04, 2017, 04:29:27 PM
 #6


Lolz! Always thought that this coin won’t reach the moon and something like that is happening today. Its not great to see that but anything comes out of the fork won’t last for very much long and the prices would drop eventually as the new fork start pumping out. Now the next hard fork is coming which means people are no more interested into alt coins which are currently we are having. They will be in the hope of getting these big new coins form eh fork and try to earn money and try to speculate that new coin will be having price worth million dollar, now thats real shit which disturbs the market of other coins. This will keep happening forever, so focus on few coins and enjoy the beer man!
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November 04, 2017, 05:03:30 PM
 #7

This crypto has received a lot of negative feedback during the time it was "relevant". A lof of people in the cryptocommunity have been saying for a long time that BitConnect is a scam and ponzi scheme

Yesterday, CoinDesk removed BitConnect from their market scap list, they released an official statement explaning why: https://coincodex.com/article/1036/what-is-bitconnect-and-why-have-we-decided-to-distance-ourselves-from-it/

Hopefully, this will have a snowball effect and other sites, like CoinMarketCap, will do the same. As for investors and BitConnect users, it will take some time before they realized the high level of risk this coin represents.
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November 04, 2017, 05:25:51 PM
 #8

Bitconnect = a scam https://www.reddit.com/r/Bitconnect/comments/77s7lk/bitconnect_ponzi_investigation_officially_linking/
https://www.youtube.com/watch?time_continue=43&v=kbR1SXIje1U

They are still listed at coinmarketcap  but there was a correction of coins in circulation.
 

There are countless posts pointing to the possibility of Bitconnect being a scam. Furthermore, it's possible that if it does act as an exchange, that they have sold a significant amount of bitcoin that they hold just in the nature of their service being an exchange. People have been trying to get their hands onto more BTC as soon as they can so that they can ride the wave too.

I'm not saying that Bitconnect is surely not a scam, but I'm just pointing to a possible idea.

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November 04, 2017, 05:56:29 PM
 #9

Bitconnect = a scam https://www.reddit.com/r/Bitconnect/comments/77s7lk/bitconnect_ponzi_investigation_officially_linking/
https://www.youtube.com/watch?time_continue=43&v=kbR1SXIje1U

They are still listed at coinmarketcap  but there was a correction of coins in circulation.
 

There are countless posts pointing to the possibility of Bitconnect being a scam. Furthermore, it's possible that if it does act as an exchange, that they have sold a significant amount of bitcoin that they hold just in the nature of their service being an exchange. People have been trying to get their hands onto more BTC as soon as they can so that they can ride the wave too.

I'm not saying that Bitconnect is surely not a scam, but I'm just pointing to a possible idea.

"I'm not saying that Bitconnect is surely not a scam, but I'm just pointing to a possible idea."

Realistically though, do you see Bitconnect lasting more than a few years? I mean surely there will be bagholders even then, but I am talking about practical application, I just don't see it. When this exponential bubble we are in finally bursts, it will be a bloodbath and 90% of the current companies in Bitcoin and crypto will crash, and this includes most altcoins.


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November 04, 2017, 06:04:30 PM
 #10

I heard it is a scam a lot so I tend to stay away but how a coin can lose 1.4B in value and retain the same $ value makes literally zero sense. All signs pointing to a scam on this one dont even gotta look deeply into it to see.

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November 04, 2017, 06:18:40 PM
 #11

LOL. Very happy to know this Smiley) I don't believe that a ponzi system can survive too fucking long Smiley). I think it's enough and they should get out of the top 10 on coinmarketcap Smiley). I think a lot of people will be nervous because of this problem Smiley). But I think there is one more thing affect to this case, it's the upcoming hardfork, I think trader are trying to collect Bitcoin and hold it till the hardfork over so it's the main reason for the drop of Market Cap not only happened for BCC but also all other altcoins.
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November 04, 2017, 06:20:47 PM
 #12

it's a piece of shit ponzi and i can't believe it wormed its way into being taken seriously. a few minutes of research should be enough for anyone. next step is for it to be removed from coinmarketcap. it's not on any exchanges worth shit and coinmarketcap shouldn't be listing coins with volume dominated by exchanges operated by the coin devs themselves.
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November 04, 2017, 10:28:07 PM
 #13

Bitconnect = a scam https://www.reddit.com/r/Bitconnect/comments/77s7lk/bitconnect_ponzi_investigation_officially_linking/
https://www.youtube.com/watch?time_continue=43&v=kbR1SXIje1U

They are still listed at coinmarketcap  but there was a correction of coins in circulation.
 

There are countless posts pointing to the possibility of Bitconnect being a scam. Furthermore, it's possible that if it does act as an exchange, that they have sold a significant amount of bitcoin that they hold just in the nature of their service being an exchange. People have been trying to get their hands onto more BTC as soon as they can so that they can ride the wave too.

I'm not saying that Bitconnect is surely not a scam, but I'm just pointing to a possible idea.

"I'm not saying that Bitconnect is surely not a scam, but I'm just pointing to a possible idea."

Realistically though, do you see Bitconnect lasting more than a few years? I mean surely there will be bagholders even then, but I am talking about practical application, I just don't see it. When this exponential bubble we are in finally bursts, it will be a bloodbath and 90% of the current companies in Bitcoin and crypto will crash, and this includes most altcoins.
I don't really understand something here - something is not right... Why does the market cap of bitconnect dropped from $2 billion to $600 million in 2 days? And still the value of bitconnect doesn't drop for a second? BitConnect loses nearly 75% of it's market cap - so why the price remain the same? The price of bitconnect should at least drop by minimum of 50%... Selling anywhere between $130 - $140 maximum by now not $280. So why the price of bitconnect stay the same, huh???

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PokerDiceMan
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November 04, 2017, 11:13:25 PM
 #14

bitcoinnect can incraese very high volume transaction if new member join in lending system
without new member bitcoinnect volume transaction can down
because basicly bitcoinnect user not trader, but only ponzi player
Prettymie
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November 04, 2017, 11:14:57 PM
 #15

Wow its my pleasure to hear this news..im interested to no more about btc and to try in investing..

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November 05, 2017, 06:35:55 AM
 #16

Regardless of the scam accusations against them. The market capitalization represent absolutely nothing and It can decrease and increase based on the available supply which is the case now because the price didn't move much. If the marketcap actually decreased then this may be good for the coin itself as less supply, with more demand result in an increase.


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mb808
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November 08, 2017, 06:03:14 AM
 #17

Wow. Thats a big decrease
prtty2gal2
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November 08, 2017, 07:35:07 AM
 #18

When I read the title I thought that finally they would have to be accused of ponzi scheme

Is the the Game over for BitConnect?  Shocked

Today the market cap dropped from 2 billion to 600 million.

they are always recruiting new investors, maybe the number of new investors has reduced, who knows ... unfortunately theyl are 15 in the coinmarketcap


What the fuck already happened with the bitshitconnect, It looks the supply already manipulated by the developer.

these guys are scammer experts, they manipulate people, see that in Asia they have a lot of acceptance and they do a lot of publicity to recruit more people

Yes but as we all know that bit connect coin is one of the decentralized economy that has become common in today's world due to ease of access and user friendly nature. The market capitalization has dropped to such an extent possibly because it has been stated as a scam.

The biggest fault that I feel is bit connect coin have some sort of restriction when it comes to transaction and bring out the money you have once put in your online wallet. It is somewhat like 3 to 7 months span before you can actually use the money or convert it into fiats.

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November 08, 2017, 09:44:02 PM
 #19

Yes it's a shitcoin, for me it's a HYIP that listed on top markets. pretty sure they attract more investors. right now it dropped on top 20. people will realize that this coins is a shitcoin.


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johntradez
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November 11, 2017, 09:41:25 PM
 #20

If there was a mistake in the coin supply, then I would think coinmarketcap would backdate those corrections. And if there was a token burn or something then I would think they would have said something.

This seems fishy. Even for something as fishy as BitConnect. Money magically disappearing. And I'm seeing more ads for BitConnect on coinmarketcap than ever before. It almost makes you think coinmarketcap was colluding with BitConnect to make it seem like BitConnect has more room to grow than it does...... but no way that'd be crazy
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