Many of the investors have already realized that this is a scam and they are dumping right now the coins on Mercatox.
No website, a lot of improvisation, the price has dropped by 50%. Tomorrow price $ 0.02. The same story as Bitbase ... many teenagers are becoming millionaire with fake lending platforms copied to Bitconnect.
The investors, "very, very very smart people", buying all the worthless coins to become millionaires overnight, expected to reach values of $ 25, $ 50, $ 100, $ 200 per coin ... after having seen the seller's capacity.. with the wordpress ico selling website, manual coins transfer and no product finished...
I hope that each of those who invested in this scam, have risked what he was willing to lose ...
Nice FUD there, guy. Of course there will be some quick to realize profits. That's nothing unique to this coin, other lending coins or any conventional coin. The price will go up and down for a while, that's to be expected on this low volume. I don't think anyone is expecting to become a millionaire from CRDNC, hoping maybe.
The wordpress site and the manual transfer was a little startling at first, but the important thing is, it worked great. Everyone got their coins (some had to wait a few days), and could go ahead and stake immediately. Full control of your private keys should be the number one priority for any ICO, but is very rare in this space. That was what made me attracted to this project, in combination with the awesome communication from the devs.
All lending platforms are extremely risky to put money into, including Bitconnect. We are all aware of that!