Post
Topic
Board Marketplace (Altcoins)
Re: bitconnect down the floor. Is lending dead?
by
OuterTech
on 31/01/2018, 18:15:13 UTC
Yes Lending is dead and BCC seems to have no value. I think it will be zero in the next few days

They never had a real value.

It's the biggest ponzi of our time and nothing more.

It's time to be wiped out, but people are still buying without reading.

The nature of the Bitconnect's lending model goes against the growth of cryptocurrencies, which has had a lot of adverse outcomes for people investing in it. This model uses the money of the previous investors to pay to investors who join later, raise funds to invest in other cryptos to profit from the exchange rate increase. Also, after the Bitcoin rate fell rapidly in recent time, Bitconnect had no money to pay for the participants and was forced to close. I think we should eliminate and boycott this lending model.