Re: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency

There is no "real" dollars in bitconnect. The dollar sign you see represent fiat, but bitconnect never claimed it is in "real" dollars. It is just a value that we can understand. It could also be valued in ounces of gold, but it wouldn't mean they got a bunch of physical gold.

So we have not lent any bitcoin (or dollars) to bitconnect. The only bitcoins we gave to bitconnect was during the ICO phase. How many they sold? Was it 6 millions? I don't remember but that time it was valued to 6 million dollars.

After the ICO when bitconnect distributed all the coins to the users we have been trading between each others and with new users who wanted to enter the market (not with bitconnect), and it is we as users that priced bcc, not bitconnect. Bitconnect have nothing to do with the pricing. It is a demand and supply coin, nothing more than bitcoin (maybe a better version of bitcoin). So all the BTC we had we gave to another user in return of BCC. Simple math!

Anyways. BCC is like Bitcoin, its just bitconnect added an extra feature which was the lending, a software that hold our coins and distributed a profit while the market grows.

When the BCC grows we got interest in form of a dollar value (not real dollars). When we wanted to cash out we got less coins back due to the acceptens of the terms that we agreed up on, which was that we only got up to 45% (or 40%) monthly.

It doesn't matter if the market suddenly went up 500% in one month, they would only give us maximum of 45%, that was our agreement. The the rest of the coins/profit bitconnect's software keeps in a pool which they used to pay for referrals, paying the user in down-days - in BCC, because it's only BCC we lent to them and it is only BCC they can give us, which we convert to BCC (calculated on the current BCC price) and then take those and sell it on the market to a user who are willing to buy the price you're asking for.

So there is no ponzi in this! If you don't understand this, go and seek a psychologist!

You think that posting from a brand new account is going to make it less shilly?

Pretending to be happy with this scam doesn't mean it's not a ponzi, because most certainly it is. Bitconnect clearly promised revenue in USD, even your fellow shill AGM76 admits that. They seem to have taken down their lending pages but there are archives, for example:

http://archive.is/UAnMu#selection-1715.0-1715.120

Quote

BitConnect lending account balances are reflected in USD, and you will receive a US dollar in BitConnect lending wallet.

And they did exactly that while BCC was going up. But when it crashed they suddenly decided to pay back at an exchange rate that was 90% lower than the actual USD value.

And by the way - the lending "feature" was not in any way part of the coin itself. It was just a website. So why didn't Bitconnect use their magic "volatility software" to pay interest on e.g. BTC deposits? Because that would have made the ponzi nature of it so much more obvious?

Keep your fucking conspiracy to yourself. You must be fucking retarded if you can't understand this simple math. THEIR IS NO FUCKING DOLLARS? The dollars you got is just a value based on the profit you made while bitconnect's software hold your BCC for you? The dollar represent BCC's current price! I give a fuck what your friend AGM76 said to you.

Volatility software was made to stabilize the market, it had to follow bitcoin's trend to make the market more sustainable.

If you can't understand this simple fact, get the fuck out of here!

Well who cares why it failed at this point but BCC is never going to recover... It is absolutely and completely dead and I am very happy that it is. I feel for everyone that lost money but I also think it should be taken as a learning lesson not to invest in coins like this.

Bitconnect was legit. The FUD makers conspiracy bring the platform down. This happens to bitcoin too. When a lot of FUD is circulating big fucking drops/crash happens. Bitconnect is based on demand and supply, as long as there is demand there is profit, like bitcoin.

I would see more trust in these kind of platforms. This model is much better than the previous model which is based on only supply and demand. Bitconnect had many plans to increase the demand. But it isn't over. Bitconnect will continue with another project.

So all the FUD makers who crashed this platform - GET THE FUCK OUT OF HERE!

Bitconnect's lending system was flawed from the moment it began, It's interest rates were unsustainable and it was meant to crash sooner or later...Maybe the Bitconnect coin will have a purpose in the future, but why would be people want it if there are so many better alternatives?