Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency
by
AGM76
on 21/02/2018, 16:05:10 UTC
Each "lending platform" scam has its own thread. Please post your Ponzi promotions the correct place and don't cross-contaminate.

This thread is for promoting the BitConnect Ponzi.

Another lending platform coin mooning today.....very strange..

That scam is offtopic here.

Lendconnect seems to be mooning for no known reason.....

That scam is offtopic here.


Yeah, you seem to like saying 'ponzi' a lot without acknowledging bitcoin as being the bigger Ponzi than bitconnect. I already explained how it's a better system for cryptocurrencies since it stops devs dumping their premined/free coins (which is the only way they can steal from investors) but Satoshi can dump his bitcoins I presume anytime he wants and make it worthless. The lending rates can be adjusted to the growth of the coin. The coin will usually grow as long as they can profit from the lending and use that to market the coin which is the only reason any crypto gains in value (it is only good if they use the same model as bitconnect- some other models have interest that is not really properly linked to the coin price such as falcon). Once they stop profiting from the lending and can't grow any more, they will have to maintain the coin price in some other way but at least people can't sell it all straight away with bitconnect's model if the coins are mostly locked in the lending so they just need to find more reasons for people to buy the coin when they reduce the lending interest rates, maybe for web staking or other new services or stuff like their new ICO etc. They decided to release all the funds at once instead of maintaining the coin price with other things because of all the complainers, I suppose. If you look at their 2018 roadmap you can see they were or maybe still are going to do things like that from May to August (Decentralized Fiat Exchange to buy and sell BCC and BTC with Fiat, BitStore bitconnect brand store to purchase crypto products and materials, New Investment Opportunities in July to August - https://bitconnectcoin.co/roadmap-2018 ).

I explained how bitconnect was in no financial trouble when they closed the lending. All the complainers caused everyone else to lose money.

By the way, who is controlling the price of BTC?