Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency
by
AGM76
on 17/01/2018, 07:15:26 UTC
Quote from: thiec on January 17, 2018, 07:09:02 AM
Quote from: AGM76 on January 17, 2018, 07:00:00 AM
Quote from: thiec on January 17, 2018, 06:55:27 AM
Quote from: max2000irc on January 17, 2018, 06:24:54 AM
I was very curious how long this will last ...lasted too long already in my opinion.

Thanks

Its last because of bitcoin price since majority deposit made by bitcoin and they also have control of bitconnect coin.
With the bitcoin price drive, the lending profit all come from capital gain of bitcoin.

The end of the game also predictable, whenever bitcoin price plump than the project will halt or finish.


Wrong again. They only paid in BCC tokens. The BCC went up at a higher rate than the lending rate (people who invest in the lending give up the growth of the BCC token as it's fixed in USD). Bitconnect have been massively profitable throughout due to the price and demand of their coin. They were effectively sharing the profits of the growth of the coin. The only problem now is they paid about 3 months interest to everyone in one go and everyone wants to cash out at the same time.

Your point is Why do the BCC Price drop, My point is Why does the Lending Program Fail to delivery promise.


Well what they actually did was instead of paying 1 day's interest today, they paid everyone 100 days of interest. It was not for any financial reasons they stopped. They were making profit all the time. Their coin price reflects the demand and they could have carried on but were probably forced to stop due to their USA customers..