RE: How to turn a loss into a gain
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Hi, I am some one who invested in the Bitconnect lending platform and the Bitconnect coin. My wife and I saw about 5 people using and withdrawing from the platform. That gave us enough confidence to try it since we had a few thousand to spare. We felt we had to get in while the return on investment (ROI) was still high. It was absolutely doing what it was supposed to do for the one damn month we were in it until Bitconnect killed it. We thought it would end fairly soon (within a year) but not this soon! I never thought it would stop because the Owners decided to stop it. In my opinion they lied about how the investments were being used and gave BS reasons for why they stopped the lending program.
They did NOT screw everyone though. Plenty of people made a lot of money through this lending system, if they were in it for at least 2-3 months. After shutting down the lending program and giving everyone their FULL loan amount back, in BCC (Bitconnect coin), the BCC became damn near worthless. So the $3,600 we had turned into 10.56 BCC, which at the time was fair........until the price bottomed out because they did what they did. Everyone who took a big lose and still has their BCC should probably hold them for a few months. The hope is that some how some way the price will rise again due to demand and trading.
This is just my story about what happened and I wanted to put it out there.
Ryan
I hear ya man, I feel bad for everyone involved and really hope that they get what is coming to them.