Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency
by
dooglus
on 21/01/2018, 23:18:09 UTC
hmmm are you sure you were able to send multiple bitcoins for $2 haha  I don't think that's possible. I know I always end up paying hundreds of dollars when sending more than a few BTC. Maybe I'm doing something wrong but I doubt it.

The fee I paid was worth $2.25 at the time, and I spent over 1.6 BTC worth over $23k. I am certain of it. Based on the level of understand you display in this thread it seems quite likely to me that you don't understand much of anything including what fees are necessary to get transactions confirmed. It makes no difference what value you are sending, only the size of the transaction. I use SegWit to reduce the fees, but even without SegWit the fee wouldn't have been over $5.

Investors haven't lost any money yet unless they sell their tokens cheap.

That must be quite a relief to all the victims. Please explain in detail how they can get their money back if they haven't lost it.

If there wasn't so much backlash against the company (which always paid people the advertised daily interest) then they would still be open today and everyone would be making 30% per month etc. Don't you feel guilty about making everyone lose so much? Many people in bitconnect became very wealthy too as it was very easy. They may have got better investments in other ways but the bitconnect model would have carried on fine without the bad press.

It was a Ponzi. Some people get rich while others lose a fortune. That's how Ponzis work. I don't feel bad in the slightest. Hopefully some people took heed of my words and saved themselves from losing their savings to this scam. Ponzis can't "carry on fine" whether they get press or not. Exponential growth isn't sustainable in a finite universe.