Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency
by
Idolic21_IT_Investor
on 08/02/2018, 22:25:50 UTC
So as long as the coin doesn't fall to ridiculous levels and remains stable in price, the lending platform can continue. You might have noticed that Bitconnect, unlike Davor, had a very stable price that tended to increase a lot so that means the company was actually making profits. If the coin wasn't going up, the lending would still function but the company couldn't take any profits without stealing from investors and harming the platform. The company are not stealing from investors with the lending because the lenders are happy with the reduced profits as long as the company uses their profits to increase the coin value with buy back or marketing etc so the lenders accept this is how they make money. They also bring value by guaranteeing the investment value amount from fluctuations in the market. That is why it's a good model for cryptocurrencies.

Basically, you have never shown one iota of understanding about the lending platform model so it's no use even responding to your comments until you show you have listened and have at least some understanding.

It could only work if there was an infinite supply of victims and their money, but there is no such thing so the scam must end at some point. Due to scammers wanting to exit with maximum profit it would likely end when it's at its peak, which is exactly what happened with Bitconnect.

Neither Bitconnect nor any other ponzi can go up forever. Not possible. Ask Madoff or Garza.

*I'm not promoting anyone buy BCC. I'm not giving financial advice. So save your comments and complaints about promoting a 'scam' coin and bla bla bla.  I'm merely just sharing my thoughts and speculation on how BCC can create value again. If anyone is interesting in having a mature discussion about it, feel free to reply.

There is no value to be created. It's a scam. Like Paycoin and other blatant scams. Your shilling is pointless.



Since you can't prove technically why BCC is still a scam then I'm taking this as your own personal opinion. BCC is just a decentralized coin now and it remains to be seen what utility it can still be used for in the future.  If there is one thing to learn from all of this is that the company and creators can go up in smoke but the Decentralized coin lives on.  Which means there is still a chance to create value in the future.  You can keep dismissing it as a scam, but how is that when it doesn't have the same utility it did a month ago?