ButConnect is not an exchange like Bitrex, binance and so on. Yes you can exchange bitcoin into BitConenct, but thats it as far as i know. And as its been described in a fraud claim from the state of texas its a "service" where you exchange bitcoin for Bitconnect that you lend back to the service at a promice to get a up to 40% gain back and the more you buy to lend back, the higher pr day % you are promised back. And what me and other question is why the company or service provider need others to buy and led them back the coins to be used for speculation on the market. When they whould get more by speculation with theyr own. (unless they need to get mony first that is gained from people "giving them" bitcoin.
I whould say there is more then enough cryptos on the market to invest in then the once that seem questionable. But Time wil tell. Regardless, I whould be carefull with this one as its another BitConnect coin.
Question!: Does this have any connection to BitConnect ? and why then is a new one being made?
yes it's a new coin of bitconnect and I'm 90% sure it's an exchange like bittrex, binance Etc. BITCONNECTX
I'm 100% sure it is a bitcoin grab. Be careful guys where you invest your money.
I not telling you to invest. This is not Financial advice...
ButConnect is not an exchange like Bitrex, binance and so on. Yes you can exchange bitcoin into BitConenct, but thats it as far as i know. And as its been described in a fraud claim from the state of texas its a "service" where you exchange bitcoin for Bitconnect that you lend back to the service at a promice to get a up to 40% gain back and the more you buy to lend back, the higher pr day % you are promised back. And what me and other question is why the company or service provider need others to buy and led them back the coins to be used for speculation on the market. When they whould get more by speculation with theyr own. (unless they need to get mony first that is gained from people "giving them" bitcoin.
I whould say there is more then enough cryptos on the market to invest in then the once that seem questionable. But Time wil tell. Regardless, I whould be carefull with this one as its another BitConnect coin.
watch this
you probbably know by now, but still, Here is some proof: https://steemit.com/cryptocurrency/@cryptomonitor/bitconnect-is-dead-its-lending-and-exchange-platform-shutts-down-omg-it-s-over
So even if BitConnectX is starting. Few wil trust it.