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RE: LOL BitConnect came back up yesterday; today they have stopped BTC deposits and withdrawals!

in #life7 years ago

Yeah, I really think they might be about to exit but time will tell. As for that glitch, it was reported by Trevon James days, possibly over a week before BitConnect originally went down, so I could believe that but you can't blame that on the people who exploited it. Last I heard they planned to find accounts that did it and if they were able to withdraw, BitConnect is putting the account in the negative. Forst, those users know this and will not deposit it back. Second, it not their problem honestly. The exploit was found by hitting a button twice consecutively before the system realized, so some of them could have gotten it by accident even.

Anyhow, for those of you with money in, I hope you are able to get it out but this isn't looking good. I had thoughts of investing with them and think I only didn't because I felt like it might be too late to be able to make my money back before it went down. If they go back to allowing withdraws, I would take my coin and RUN!

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Glad you didn't! Will let you know what happens, yeah I'm still less than halfway to the end of the 120 days, started on July 9th...

so if the lot attendant who parked your car left the keys in it you wouldn't blame the thief who stole it?

It's a bit different when most people investing know that this is going to collapse at some point. When the price of their token drops from 140 to 38 dollars for them simply being offline for a few hours you can tell that even those promoting it saw that this could be the end and took what they could. I see what you're doing trying to simplify it but things are a bit different in this new, barely regulated, budding industry.

Also, the use of a down vote is normally used for bad material, spam etc. A difference of opinions, handled completely civilly shouldn't result in a downvote but it's whatever. Just want to give you a heads up as you won't get fair downvoting every person you disagree with. Good luck.

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