Bitcoin & Bitconnect - Thoughts?

[1lucky1]

Just some thoughts...and wanted to get yours.

There has been increasing fud on bitconnect and speculation about the near crash of the platform. When looking at the recent market cap and price of bitconnect tokens there has been a major drop in cap vs the stability of the price. My understanding of this is bitconnect tokens must have been destroyed or bought back to keep the price stable.

I see the exact opposite with tether where the market cap is increasing while price stays level.

My understanding is the Bitconnect is able to have full manipulation on the supply and price of bcc since they are in control of the exchange. Since they are also accumulating more and more bitcoins from their investors and forcing them to store from prolonged period of time they also seem to be gaining a control over the bitcoin market itself.

It is clear that many share the same opinion that Bitconnect will fail soon however as more time goes on it seems that bitconnect will have an increasing control over the bitcoin price itself. So long as bitcoin price increases the bitconnect platform will remain.

I have also seen a invest relationship with bitcoin and bitcoin cash where market cap of bitcoin cash seems to be taking over bitcoin.

Perhaps the only way to kill Bitconnect is if people drop bitcoin and go for bitcoin cash?

[DeltaX]

Just some thoughts...and wanted to get yours.

There has been increasing fud on bitconnect and speculation about the near crash of the platform. When looking at the recent market cap and price of bitconnect tokens there has been a major drop in cap vs the stability of the price. My understanding of this is bitconnect tokens must have been destroyed or bought back to keep the price stable.

I see the exact opposite with tether where the market cap is increasing while price stays level.

My understanding is the Bitconnect is able to have full manipulation on the supply and price of bcc since they are in control of the exchange. Since they are also accumulating more and more bitcoins from their investors and forcing them to store from prolonged period of time they also seem to be gaining a control over the bitcoin market itself.

It is clear that many share the same opinion that Bitconnect will fail soon however as more time goes on it seems that bitconnect will have an increasing control over the bitcoin price itself. So long as bitcoin price increases the bitconnect platform will remain.

I have also seen a invest relationship with bitcoin and bitcoin cash where market cap of bitcoin cash seems to be taking over bitcoin.

Perhaps the only way to kill Bitconnect is if people drop bitcoin and go for bitcoin cash?

it will be a bit difficult to kill the bitconnect ponzi coin. I hope UK will to do that asap because the UK government already issued an awareness to shut down the bitconnect Ponzi coin. Bitcoin is not bitcoin cash but bitcoin cash was another bitconnect. That creates to robber people's money. I will wait about the UK will be arrested the fraudsters that run the bitconnect soon.

[1lucky1]

Yes, I have heard about the UK audit of Bitconnect. This could be a major catalyst for the collapse. If this is the case i'm guessing we could expect the show to be over in roughly 6 months. I believe the entire market will be much better off without this platform hording people bitcoins and being a whale organization. If individuals instead decided to hold for themselves or trade bitcoin the market price would be much more accurate. Has anyone tried to investigate the ledger to identify how many bitcoins bitconnect has in their wallet and perhaps where they are being spent or kept?

If this platform gets shut down - will the bitcoins in their possession be returned to investors? Will Bitconnect dump them and run?

[didzi]

to kill Bitconnect is if people drop bitcoin and go for bitcoin cash?

what do you mean with that ? is this somekind of suggestions from you to buy Bitcoincash so the price of bitcoincash will grow,,
did you buy bitcoincash in high price, ?
bitconnect is a ponzi and people already knew about that,
but its all about money so everyone who promote bitconnect just want to make a fast money and didn't care about anything

[esgdrhlg]

to kill Bitconnect is if people drop bitcoin and go for bitcoin cash?

what do you mean with that ? is this somekind of suggestions from you to buy Bitcoincash so the price of bitcoincash will grow,,
did you buy bitcoincash in high price, ?
bitconnect is a ponzi and people already knew about that,
but its all about money so everyone who promote bitconnect just want to make a fast money and didn't care about anything

BCH is just an altcoin, I really do not understand why so sought after. If it is because 8M block capacity, then BCD is 8M ah, why do not all go after the BCD, and it looks, BCD technology is better, and work is very low-key is not impulsive, I really like.

[vfrcbv91]

It seems to me that it does not need to worry. If this is indeed a Ponzi scheme, it will collapse sooner or later. Just stay away from them and you will  do not have problems.

[diogoo]

Bitconnect is a ponzi scheme. Stay away

[zenhu]

so many topic about bitconnect allready, we all already now that a ponzi scheme afterall just stay away from it.

to kill Bitconnect is if people drop bitcoin and go for bitcoin cash?

meh, nonsense just dont bat an eye to bcc and it will fail sooner

[diogoo]

It will fall like all other ponzi schemes when:
H1) they wont be able to keep getting an increasing number of new members / new money
H2) Regulation comes in (highly improbable in this case)

[RockHenki]

Bitcoin does not need much analysis because everyone knows the location of the bitcoin. Bitcoinct is also a very good coin. Bitcoinct has created a tremendous investment community around the world. Bitcoinct is currently the most successful MLM coin in the Crypto world.

[terrific]

There has been increasing fud on bitconnect and speculation about the near crash of the platform.

Funny, what's with the FUD on bitconnect? It's a real ponzi so why say there's a FUD. Do you mean that UK threatens them?

It is clear that many share the same opinion that Bitconnect will fail soon

It will because investors will be wise enough for the upcoming months when they realized that it's now a ponzi and when it's exposed with articles.

bitcoin cash seems to be taking over bitcoin.

First, you are into bitconnect and now talking like this? It's clear on what really are your intents here.

Perhaps the only way to kill Bitconnect is if people drop bitcoin and go for bitcoin cash?

Ponzi's will be dead anyway when most of it's supporters are sick of investing to them.

[anasso]

the ponzi sheme of bitconnect is here stay while people are believing in their model!

but matematically this system is unsustainable is going to collapse!

[traderethereum]

i don't think bitconnect is like bitcoin, actually i don't know too much about bitconnect but i only heard that bitconnect is using by mlm investment and many people is join with them. i think if you are not sure then you don't have to use bitconnect because there is many other altcoin that you can use to make your profit. maybe i will considering bitconnect as another altcoins and if there is a way to trade bitconnect and make profit then perhaps i will do it later.

[traderethereum]

bitcoin and bitconnect is not related although its using bitcoin wallet address to send and receive the fund. I only think about the MLM system on the bitconnect which using bitcoin as the payment and maybe it's almost the same as MMM. I see that many people getting lost with bitconnect and I ask myself about the question, did they already learn more about bitconnect and what makes them decide to join in bitconnect. although bitconnect can increase the price, still this is not a good idea to invest our money in one program that doesn't have a good project.