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RE: BitConnectCoin Update (08/Apr/2017) 16:15 GMT+2 (+4.46%)
Know the rules of lending Bitconnect.
I bought at 19 cents. And over 1000 at 40 cents. and more as the price neared one dollar.
I made the mistake of lending thinking I would get back 2000 coins worth now $11,400 -- I will not get them back. I will only get back what they were worth when I bought. $1,500.00 in 8 + months. They may triple in value by then. (it really looks like they will go over $50.00 a coin.) I have made $800.00 on my loan. Not bad, but, by all rights I should get the full number of coins back. (Again, I will only get the dollars' worth. $1,500.00)
So be aware of that.
Thanks a lot for the heads up, well, some things turn to be not as advertised I guess. What confuses me is why call it "lending" if you will not get every coin? These are factors which can lead to Bitconnect being a dumped crypto. Such crucial information!!! THANKS A MILLION. I hope that you do get all of your coins, they (Bitconnect people) shouldn't do this to their clients
Caution is advised. I have loudly stated my case several times.
And support says I only get the value of my lending. (It is in the wording of the lending contract . . . that only value, not the coin is lent.")
So we buy the Bittconnect coin . . . and that drives the price. Then it is traded for dollar value at lending.
This will surprise and anger many people. When they cash out in 300 + days.
Do you have the PC based wallet?
Yes, I put my coins in the wallet for mining. They staked for over 30 days I got a "you do not have mature coins" message.
When support finally got back to me. (takes several days to a week if at all.) then they said to try another computer. I am 14 days on my stake with a newer computer . . . I don't know if I will ever mine them. So to the reader.
be careful. There is a 15-day maturity for coins. I will find out this weekend.
(computers over 8 years old do not work with stakeing. Mine was purchased in 2007? time flys.)
If possible, please update me after the weekend.