Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency
by
AGM76
on 28/01/2018, 01:37:00 UTC
Again, that's not the question. Why did they return the worthless BCC tokens to begin with? Lending was guaranteed in USD. Why didn't they repay the actual USD value?

You're just posting pure speculation. Bitconnect haven't communicated anything of the sort. Again, why? Seems very very fishy for a financially solvent law-abiding business.

If everyone converted the interest or lending wallet amount at the same time, they would all get the same rate. Doesn't mean they can cash it all out without crashing the price. That's the same with any crypto. The value of a coin won't hold above half the value if just a small percentage is sold. To cancel the lending would obviously cause a crash so not sure what else they could have done. Because they made profits, they probably could compensate the recent loaners.

Remember the marketing for bitconnect said people were loaning them BCC not USD but it was actually the value of the coins at the time of the loan rather than the coins themselves (as I suppose all loans must have some value).

Again, none of it is relevant to the question in any way. Yes, we're all aware the worthless token is worthless. However the loans were guaranteed in USD and your own post from a few months ago - quoted above for your convenience - says exactly that. So it doesn't matter what the value of BCC is, they should have refunded everyone the actual USD value as promised.

I think we don't even need to get into the other questions, e.g. why did they abruptly cancel lending when there was no reason to do so (again, according to your own claims). Bitconnect is a scam. You can't provide the most basic answers regarding their business and its collapse. Shame on you for shilling such a massive ponzi scheme. I hope you get doxed and get what you deserve.

Are you serious? You were only lending BCC tokens and were only entitled to the same value of BCC tokens in return. There is no fiat in crypto. Lots of people call things scams but there are loads of these sites. Coinmarketcap.com is one of the largest websites and makes millions from advertising these and real ponzis like laser.online and betpetite etc.

I will leave with this (this was on the last link) for people who keep going on about bitconnect being a Ponzi:

"“Contrary to a widely-held opinion, Bitcoin is not a deliberate Ponzi. And there is little to learn by treating it as such. The main value of Bitcoin may, in retrospect, turn out to be the lessons it offers to central banks on the prospects of electronic currency, and on how to enhance efficiency and cut transactions cost.”"