Wow....The hate for Bitconnect is really real! It looks similar to what Bitcoin encountered in its early stages -and still- of being accused as scam, ponzi, bubble!
BitConnect was the reason of the bitcoin and alts unique rally in 2017 thru their education and awareness programs and people were able to sell their coins at all time high.
BCC coin is the only coin that is not manipulated by greedy miners, whales, pump and dump schemes.
The lending program was a small part of the Bitconnect project, however necessary for member trust creation. Now that is halted, I dont see what trolls and haters are still doing here.
Right when you thought you read it all, another reply takes the cake. I especially like the part where BCC coin is the only coin that is not manipulated by pump and dump schemes, hence reachin' a peak of ~U$400 just prior to diving to double-digits within hours when the music stopped playin'.
As for BitConnect's million-plus user base ...
I tracked the BCC coin on coinmarketcap and their social media updates. I have not seen where dump and pump schemes have taken place like 99% of all crypto. I have not seen the the bitconnect team paid Macaffe to promote their coin in order to drive the price up and dump their coins.
BCC coin reached $400 with a total market cap of around 2 billion, this is not much in comparison to billions in market cap for other cryptos with no use case yet or an idea with a website and PDF. BCC coin price rise and fall was ultimately determined by supply/demand channels.
Recent market stats shows bitcoins went down 70% while other alts recorded a fall of more than 90% ! why we do not hear the same about them? what caused their crash/manipulation? what is the blockchain product that we are actually utilizing in real life?
If we were to assume that a big country to ban bitcoin today, wont we see the same rhythm stops playing?
Let us all be reasonable and support genuine projects to support crypto innovation. Lending was not going to last forever anyway, that is why BitconnectX!
