You are viewing a single comment's thread from:
RE: THE DOWNFALL OF ALL LENDING PLATFORMS HAS BEGUN!
Great article. I figured the whole Bitconnect scam angle but totally missed the reason why their BCC payout was so high. It was that they could give us less of their own coin and so that they could buy back their own coin after it crashed. Very sneaky Bitconnect.
I'm not entirely sure whether Bitconnect has bought back their own coins after the crash.
I feel there is a greater chance they ran away with our Bitcoins and are now somewhere in The Bahamas spending our money... RIP!
Still a lot of bagholders in BCC though, I sincerely doubt this coin will ever gain its value back now that its reputation is destroyed.
What do you think?
I think the game was to scam, give loan money back in BCC, drop BCC value, buy back the coin and regain some confidence through BitconnectX, sell BCC again and it will level out at it's true value over time
Interesting vision, I'm curious to see how this all plays out.
Again though I do have to say I have absolutely no faith in BitconnectX, I think this ICO only served as a last effort to try and raise enough money and maybe improve the sustainabilty of Bitconnect lending for some time. I don't know if you know this but the BCCX ICO price was going to be only 5$, last-minute they changed the price to 50$...
Shady stuff!
I also see BCCX crashing horribly when it hits the exchange because last I heard people could trade their BCC in BCCX exchange for a value of 150$ per BCC, I don't know if this is still the case but if it is with the current price of less than 10$ per BCC... You already know what will happen to BCCX when people can sell them. RIP!
I guess time will tell.
It was a well thought out scam for what it is.
Indeed. Anyway I will never fall for another ponzi scheme again, Bitconnect was an eye-opener for me!