Does anyone know why BCC is losing its price dramatically?? please explain??
It's just like as a
pyramid scheme which they want to get out with your money . It's a
scam project run by some professional
HIYP scammers .
I can know this project as like as
scam pyramid at the starting days and I did not join it . Many investors lost much money for this
scam project.
How many times can you say pyramid and scam in one short post - must be a record. They are accepting BCC tokens for their new ICO BitconnectX and BCC markets have such low comparative volumes that it would be worthless for them to dump and also counterproductive (they already lose well over $10million a day from the initial panic-selling taking BCC for $150 as they would have raised $13million a day instead taking BTC and other coins)?
They are not losing anything. BCC and BCCX are tokens the made up out of thin air. The cost to the scammers is 0. "Selling out" isn't a fact either, scammers love to create FOMO. What matters is that they are promising unrealistic returns, don't have actual business income, and it will all end badly (again) for the same reason - ponzi schemes are unsustainable and only last as long as victims are willing to give them more money.
You're a persistent little fucker. Enjoy the red.
Well obviously the people who say the truth are often hated. So you are telling me that they are making up all the BCCX they sell each day? So even before they closed the lending they didn't receive $13million each day in BTC or equivalent assets? They are losing if they did always sell out because they are taking BCC tokens worth less than 10% of the price they are accepting for them and limited liquidity too at the moment.
So when you invest in any ICO, why is that not a Ponzi if the value of the token isn't really based on the success of the company as profits are not shared (at least with most stocks there is some eventual hope of a profit share or acquisition later on but someone buying a company that issued these crypto tokens in the past does not need to buy these tokens back)? Aren't these tokens usually a zero sum game so if the price goes up there has to be losers when people sell (i.e. all gains are from bringing in new people to buy the token at the expense of others)??
This is so obvious I never had to look any of this up to find these answers but I have now done a bit of digging and ask you to ponder this from someone (didn't bitconnect
not only generate profits as the 'broker' but also from the lending too? This is unlike almost all other cryptos which are totally Ponzi-like):
"When you buy a stock, your money goes to the last person(s) that previously owned your shares and to pay a fee for the transaction. The only generation of wealth comes from the transaction fees and that goes to the brokerage. The direction of the stock price is determined by the balance of people buying vs. selling the stock a net buying forces the price up and a net selling forces it down. The degree depends on transaction volume and rate. The point being that not everyone who holds the stock in question can cash out at a net gain.
If you accept the fact that the activity of trading stocks has no way in itself of generating wealth, then it it is a short path to the conclusion that trading stocks can only transfer wealth (to the brokerage and to people who sell at a gain all from people who sell at a loss)." your completely wrong on stocks.Take a economics class. Stocks are based on intrinsic values.You can have net winners for generations to generations. on dow jones index funds or S&P 500 funds, also individuals stocks in rare cases e.g. coke stock someone held for 5 years profit, the next person 5 years profit, so on and so on. Yep day to day trading ,timing the markets, exactly you can string together net losers, and of course trading fees, fees similar cryptos.