I'm just asking questions here.
Take at look at these charts from external exchanges trading in Bitconnect Coin (BCC)
HitBTC
NovaExchange
CoinExchange
As Bitconnect announced it was closing its lending and exchange platforms, there was a huge sell-off around 21:00 UTC yesterday. [5:00 am China time, when I was still asleep.] The coin has lost 90% of its value in less than 24 hours. At HitBTC, the value is now around $22.50, down from the mid-200 level of the last week.
While I assume the sell-off happened after the closure announcement was posted, I'm still not sure of that timing. The announcement is dated Jan. 16, but the page source does not list the time it was updated. A perusal of Twitter reveals many people caught wind of the news several hours ago, about the same time as the big sell-off was occurring.
In other words, were Bitconnect holders selling before the announcement was posted on the website, or after? If you know when the announcement was posted, please let me know.
As soon as word got out from the people who just happened to be using the site at the time they posted the news, the price started to drop like a stone. The more people found out the quicker it dropped.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That seems reasonable. I wish I had been awake at the time. I finally was able to pull out my BCC tokens, but the transaction has yet to be found on the blockchain.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit