Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency
by
suchmoon
on 11/02/2018, 23:49:43 UTC
So why did Bitconnect screw over its "lenders"? Why didn't they wind it down in an orderly manner if it was so profitable and the only problem was complaints?

Well what do you think would happen if people panic sold bitcoin? Only a few percent of the bitcoins need to be sold for the price to be almost nothing. Too many people sold at the same time but they are still thinking of refunding some of the newer people from what I've heard.

This has nothing to do with Bitcoin.

Bitconnect deliberately repaid everyone at once using their useless shitcoin at an exchange rate that resulted in a 90% loss. And they are not refunding anyone.

If this was a legit profitable business like you're trying to portray, it would have communicated a clear and fair plan to wind down the lending. There has been no communication whatsoever.