Quote from: Chrmel612 on October 16, 2017, 05:46:33 PM

Quote from: IronSongie on October 16, 2017, 05:29:49 PM

Quote from: unlimitedtires on October 16, 2017, 03:52:14 PM

Hello everybody, I have my doubts about this coin "credence" and wanted to share it with you:
- Do not you think it's very strange that they have a low-grade wordpress website and cheap graphics for their ICO?
- Their domains have been registered 20 days ago .. that is not good in a solid project, supposedly created and planned with much time in advance and care.. Nor do they have even a page under construction at http://www.credencoin.co
- Their coin in github is not something that have been developing over the time, but something that they only dedicated 1 day, 6 days ago and only has one contributor (its creator) and no a team.
- His "Team" is completely anonymous, so if tomorrow disappears, who would contact ... an anonymous project, involving finance and micro lendingt is not credible ..
- They have only 200 followers in Twitters, this is ridiculously little for a "genuine" project, in ICO stage.
- His whitepaper is very poor.
- Not in Coinmarketcap or exchanges so far.
- Sending the tokens manually... Wow!!!
All these things only shows that there is no technology or team behind Credence .. but a person who possibly will become millionaire with all their BTC, LTC and DGB ... I think that is 100% SCAM!

I think it is fair to say thay a healthy dose of concern is good, but then we have Bitconnect even after it has been paying out all this time, still raises concerns for people about how its all a scam, i am 2000$ away from makin break even on there and the closer you get to that point, the more concerns go away, bitconnect is making money, a lot of money if you recon they hold 5m or so of their own coins and each coin just went up 60$ each.

Credence has more to gain from seeing their project through then running away at the ico stage, sure 2.5m is a lot of money, but compared to Bitconnects 1.2b total market value, its peanuts and we all know the Bitconnect system is viable and sustainable.

Bitconnect runs it's own Exchange. Bitconnect collects BTC in order to participate in their investment. Bitconnect pays you Bitconnect coin using the staking rewards. Bitconnect offers referral bonus paid in Bitconnect coin. In short, Bitconnect collects your bitcoin in exchange for their shitty coin. And their exchange is heavily manipulated by them. Adding to that, the Invest and Reinvest locks the coin for a certain period of time. Preventing the coin to circulate the market. In short, they just want to collect your BTC in exchange for their coin with totally no use at all. Unless you sold it to some buy-sell traders out there. And i'm talking about the Exchanges like livecoin. Also their referral system develops a growing community of idiots who fall for their scheme. Bitconnect is perfectly well-crafted ponzi scheme using cryptocurrency.

I get a sensation you don't like Bitconnect, vaguely....