WTF is happening with BitConnect

[DaedRik3]

Like said in title, what the acutal f*** is happening with ponzi BitConnect ? Why this huge climb ?

[jayc89]

Like said in title, what the acutal f*** is happening with ponzi BitConnect ? Why this huge climb ?

It's a scam, the price can go anyway it wants...I still won't invest in that scam since they will just dump the price at some point.

[bathrobehero]

I CBA to write the same stuff over and over, so:

Of course BitConnect is a scam. ~94% of all the claimed trading is going on on their own private exchange. They can make up the all the numbers like price and volume as they want and nobody would know because trades are not on the blockchain, only deposits and withdraws are. Coinmarketcap lists any exchange as long as they have an API. That's it, that's all what they ask for so anyone can create their own exchange and send whatever nubmers they want to CMC and people will believe the numbers.

Once you realize this, there's really no point in investigating BCC any further.

[Jafri101]

Its actually doing bussiness. It takes your investment in bitcoins then convert it by its own exchange in bitconnect coins. After that it invests in bcc and you see the main things, many people are investing in bitconnect which is taking its coin price higher due to supply n demand. In the mean time its mining also to make bitconnect coins. So simply its like giving you 40% and taking himself around 60%. Its a technique.

[bathrobehero]

Its actually doing bussiness. It takes your investment in bitcoins then convert it by its own exchange in bitconnect coins. After that it invests in bcc and you see the main things, many people are investing in bitconnect which is taking its coin price higher due to supply n demand. In the mean time its mining also to make bitconnect coins. So simply its like giving you 40% and taking himself around 60%. Its a technique.

Suuuure, supply and demand, right and not manipulation.

[jmigdlc99]

Like said in title, what the acutal f*** is happening with ponzi BitConnect ? Why this huge climb ?

They say the price is manipulated because it is hosted on their own exchange. They can easily simulate buy orders and fake market capitalization. More than that, it is probably a ponzi scheme because the growth they promise is too much, they pay early investors with money from new investors.

Stay away or get out now while you can.

[tbearhere]

Update:
Our #BitConnect cryptocurrency will be removed from all exchanges.
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.
Follow the instructions in the following article:
http://telegra.ph/GUIDE-TO-RECOVER-THE-INVESTMENT-FOR-THE-BITCONNECT-BCC-CRYPTOCURRENCY-02-26

***SCAM AGAIN***