Quote from: MJMJ on January 17, 2018, 04:05:27 AM

Quote from: AGM76 on January 17, 2018, 03:59:56 AM

Quote from: zintips on January 17, 2018, 03:23:38 AM

The Bitconnect news inside Bitcoin NEWS is paid ads by jealous organization trying to discredit them. IGNORE.

Bitconnect exchange is down and the only way to get their latest information is to sign into Twitter and access @bitconnect for their messages.

It is not true that they are closing lending or that wallet refunds have been or will be made. IGNORE.

The Site will return once the DDoD attack is controlled. Do not panic or sell BCC wait until exchange normalizes.

Do all the people saying they scammed realise they just paid everyone 3 months worth of interest all in one go??? They were never in any financial difficulties and were never a ponzi. They had incredible BCC reserves which was all they needed to pay interest to investors.

It is clear that up to yesterday (if you look on their twitter), Bitconnect were not thinking of exiting but with everything else, they decided to. BitconnectX is trying to rake in half a billion in the ICO but this money
will never be needed for a simple exchange. Trust me when I say even if they have stopped the lending, bitconnect coin (BCC) is not finished with that kind of funding and the profits they have made in bitconnect.

There is no announcement on their official twitter (@bitconnect) about ceasing the lending but it is possible they decided to do that. Remember that the people who handle the website and post the news are not the owners of bitconnect as they said once before when they had the first problem many months back.

Lol you really are an idiot. They have liquidated all the loans and replaced them with BCC tokens at a really crappy rate. They haven't paid anything but now worthless tokens that cost them nothing and you can now sell for nothing.

That is how the platform works. When a capital release is due it is paid in BCC tokens. Always has been. Normally people would not try to sell it all at once. Have you thought what would happen if everyone was forced to sell bitcoin all at once?

Read it again:

Quote

Do all the people saying they scammed realise they just paid everyone 3 months worth of interest all in one go??? They were never in any financial difficulties and were never a ponzi. They had incredible BCC reserves which was all they needed to pay interest to investors.

It is clear that up to yesterday (if you look on their twitter), Bitconnect were not thinking of exiting but with everything else, they decided to. BitconnectX is trying to rake in half a billion in the ICO but this money
will never be needed for a simple exchange. Trust me when I say even if they have stopped the lending, bitconnect coin (BCC) is not finished with that kind of funding and the profits they have made in bitconnect.

There is no announcement on their official twitter (@bitconnect) about ceasing the lending but it is possible they decided to do that. Remember that the people who handle the website and post the news are not the owners of bitconnect as they said once before when they had the first problem many months back.

By the way, it is actually true that the USD value of all the loans made was released to the web wallets in BCC (as they normally would do when releasing the loans) using a rate of $363 per BCC. Many people sent it to exchanges. Even that worked fine (although the website was overloaded). On current prices people have lost 90% but this is just oversold at the moment. Remember most people don't need capital releases and are happy just investing and taking the daily interest and would reinvest every capital release so they could carry on getting the interest.

I updated to make it clear that the loans were refunded. This might have been the decision of a programmer or other people dealing in the website who have been threatened by the recent attackers.