Bitconnect sold 50000 BTC

[Melfoy72]

I heard Bitconnect's owners collected BTC50000 from people and scammed them. the owners sold BTC50000 from 2 days ago till now. This is a big reason for crashing price. don't panic and put some buy orders at different lower price. If BTC fall down to $1500 don't panic and do buying more at different steps.

Do you know the old history about casino Star Dust and the one clever but unlucky 'shortist' in 1980s?
Please find it in Google. That's very useful for those who advise to buy and buy... even if price falls down to hell.

ps about Bitconnect - it's absolutely immoral scam. I heard about some suicide of it's investors

[BMG86]

Wow that is a staggering number. Those figures put them around 750 million dollars. However volume for bitcoin has been around 10 billion a day. 50k bitcoins can put a dent in the price but not even close to crashing it.

[crypto_Butterfly]

I heard Bitconnect's owners collected BTC50000 from people and scammed them. the owners sold BTC50000 from 2 days ago till now. This is a big reason for crashing price. don't panic and put some buy orders at different lower price. If BTC fall down to $1500 don't panic and do buying more at different steps.

You sounds like you are proclaiming a ponzy site, not Bitcoin. Buy, buy and buy
50000 Bitcoins are just 550 000 000 or half a billion. I don't think that Bitconnect's money could disrupt so badly the market. The daily trading volume is 100x higher.

Exactly and very well said.
I also don't think 50000 bitcoin selling can badly disrupt the market. I have seen big sales but they have never disrupt the market 80% down. That's way too much of asking.

[Ros-In]

Are you sure this is real news ? do you have any valid source ? if not this is just another FUD. Anyway 50k BTC its not that much money, i mean try to see daily btc trading volume on several market and see how much it is.

[jawatulen]

I heard Bitconnect's owners collected BTC50000 from people and scammed them. the owners sold BTC50000 from 2 days ago till now. This is a big reason for crashing price. don't panic and put some buy orders at different lower price. If BTC fall down to $1500 don't panic and do buying more at different steps.

if this true, this can be one from many reason
because there are a lot of reason for the down price of Bitcoin in this moment
but, i think bitcoin will never comeback to $1500 that is very imposible for me

[lukmankhan22]

yes maybe that's the reason bitcoin goes down