Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency
by
zintips
on 21/01/2018, 00:27:37 UTC
BTC wroth $10010 exchanged to BCC (when rate was say 400$); scam exposed and exit from devs give 1 BCC = $150; $10010 ends up with 66.73 BCC; which value then crashed to say $25 ($7 at lowest in the week). Ends up with $1668. Ouch that's a huge loss for those gullible enough to put their eggs on it. But huge gain for the BCC devs since they've got the BTC.

You have this a little wrong. BitConnect converted people's USD valued loans to BCC at a rate of $363 per BCC, so a $10010 loan ended up being converted to around just 27 BCC. The BCC then fell to say $25, meaning the $10k loan was now worth just $675. Over a 90% loss.

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I agree. Buying the BCCX coin has also been a fiasco. The screen freezes after making the purchase at reset time and it never stops to confirm, after 10 minutes the wheel swirling and no purchase executed at 9:00:01 secs. All those that bought BCC at $20 outside the bitconnect exchange are now competing with the ones that paid $363 per coin to buy the BCCX. I am trying to buy the BCCX because I do not want to move the BCC coin outside and get $21 for a coin I paid $363. It is a bad deal altogether dealing with Bitconnects.