Bitconnect token is Crashing!! Is this the beginning of the end for their hard to sustain model?

in #bitconnect7 years ago (edited)

Are people panicking and selling their tokens like no tomorrow what happen?

Captura de ecrã 2017-08-25, às 10.39.09.png

Seams that most of the trade volume was done in Novaexchange.

Captura de ecrã 2017-08-25, às 10.42.58.png

One last thing their webpage is down, things aren't looking too well for them!

Captura de ecrã 2017-08-25, às 13.05.14.png

If the token doesn't find a floor soon i think it can be the end for this operation which is sad.
Even if that happens i don't think this was a scam just highly risky.

Sort:  

Glad you agree it's a high risk investment made popular by HYIPs. Anyways invest as much as you can afford to lose.

Yah allot of youtubers pumped this to the moon, i don't want to see what people will tell them if this as a bad day.

The harder they pump... the harder they fall :)

I applaud your grounded comment that there's a chance this was potentially not a scam, and simply just a high risk investment platform/token. Time will tell.

Thanks, yah we need to give time to this. I hope that goes well for everyone involved.

Really? You still believe this wasn't a scam? xD

Well :D i didn't invest on it because is unstainable their model.

Unsustainable and a scam..

Their webpage is down now! So things don't look good for them but i still think that might not be a scam... Just highly unsustainable.

I don't get you people. How the flying freaks could you think something legit can offer 1% per day?

bitconnect and controlled finance have been paying out around 1% a day for quite awile now..... alot of people have just cashed out huge loans.
i havent invested as the risk is to high, but it is looking legit.

if we look at the history of bitconnect the first big push on the youtube was about 250days ago. so with that in mind i would say alot of people are getting paid out and are taking large amounts out instead of reinvesting, why market is going down.
but hey you could be right, it could be a scam, but i really doubt it.

Bernie Madoff Lasted for many years!!
Well the cripto world is much more crazy than the stock exchange the potencial to lose or gain is much higher.
So is possible for a tradding bot to make 1% or more a day, in day tradding.
But if i and such a bot i wouldn't get other people involved for sure :D

Exactly. They were a ponzi scheme.

Very good article. Thanks for bringing this to our attention. Sell the coins that you know nothing about. Do proper research on any coin you buy. If the market falls at least you can hold your coins knowing they have a long term future. Personally I always use: https://www.coincheckup.com I'm really happy with this site that gives complete coin analysis for every single crypto. Check: https://www.coincheckup.com/coins/BitConnect#analysis To see the: BitConnect Investment analysis.

Coin Marketplace

STEEM 0.30
TRX 0.11
JST 0.033
BTC 63968.82
ETH 3136.80
USDT 1.00
SBD 4.28