Quote from: Johndoe126 on January 28, 2018, 05:06:56 AM

Quote from: xternality on January 28, 2018, 04:53:19 AM

Quote from: gwestcot on January 28, 2018, 04:44:07 AM

Quote from: xternality on January 28, 2018, 04:42:06 AM

Quote from: suchmoon on January 28, 2018, 04:28:45 AM

Quote from: xternality on January 28, 2018, 03:52:08 AM

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?

What do you guys don't understand? All FUD that was going around made it to crash.

It is a demand and supply coin like bitcoin. The difference is that you can lend your bcc to a software that holds it for you not to sell. While the software is holding it, while there is demand for the coin, the software makes profit, and gives some of the profit back to the lender and the rest of it it gives to the promoters who brings people into the platform, it's like a payment for marketing. The software only pays those promoters and interest in BCC because it is the only thing the software kept and giving back. What the users do with those BCC is up to them, they can reinvest, stake or just hold the BCC without lending and hope for it to rise and make more profit.

So once again. This isn't any Ponzi. Where the fuck do you find ponzi in this? If we follow your logic then bitcoin is a ponzi too! The earlier investors getting rich because of new investors. If Satoshi Nakamoto chose to cash out all his 1 million dollars in bitcoin, he would crash the system. Bitcoin would be worthless. All the investors above him would get burned because the coins would be worth pennies.

Bitcoin is now worth approx. 12000 dollars. Even he wanted to sell all his 1 million coins he can't, there are not enough with buyers to buy those coins. Poloniex has only buyers for approx. 4000 coins. Satoshi could try to sell on all markets, but he wouldn't be able to sell all of them. But if he sold to every buyer that exist, the coin's value would be worth pennies. People would lose its trust to bitcoin, no more buyers would have courage to buy. When sudden drop happens all other people would try to sell in panic. And you would get the same effect as you've seen with BCC. There is no difference when it comes to supply, demand and trust.

Bitcoin has crashed many times due to FUD, and also other alt coins because there are some people making up conspiracies and spreading FUD based on ignorance.

If there were no FUD bitconnect would be HUGE. Bitconnect would be the next bitcoin. But thanks to all these FUD makers it couldn't last. Bitconnect had plans to create more demand for the coins with new innovative useful innovations. Bitcoin has less of these things and are fucking over priced.

If you would give me your bitcoins I could do the same. I take them and I hold it for 1 year. During that year I would give you maximum 600% (if you would do reinvest every month) divided on 12 month. Bitcoin has now reach 1000% in a year, I would keep 400% to give to promoters who are bringing people into buying more bitcoins which helps the coin to grow. When you cash out I would give you less bitcoin than you lent me, but you would make 600% because that was our agreement.

Would you say that I was running a ponzi scheme if I would pull this thing off?

This isn't any scam. This is pure business with agreement. As long as I create demand for the coin, everyone will make profit. But when unexpected things happens like those FUD makers which only aim is to destroy peoples trust, doing everything to remove the demand of the coin there would not be any room for business.

How the fuck can all of you FUD makers not understand this simple fucking math? Are you retarded or something?

Even stock markets crash time to time because people lose trust and a shit load of people gets ruined because the earlier investors cashing out before they do.

This can apply for banks too. If you spread a lot of FUD to people that have a bank account in a certain bank, and they lose trust, they are going to cash out. But only a few people can take their money, the rest will get burned because the bank who hold your money has been lent out to others so they can make profit in form of interest and that is a shit load of interest up to 20% monthly depending in which country you are in, with your money!

So get the fuck out of here ignorant bastards. Stop interfering with other people's investment. If you're not invested and if you don't understand which terms you agreed up on, get the fuck out of here then. The only things you do is to fuck other people's investment, goals and support.

Bitconnect are coming back again, so stay the fuck out of it and don't fuck other peoples investment!