Massive Drop!!! BitConnect Heads Down!!steemCreated with Sketch.

in bitconnect •  7 years ago 

What happened with BitConnect. The price has taken a plunge. Over 100 dollars to under 50 dollars. Anyone know what's going on?

bitconnect plunge dollars anyone price
7 years ago by

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      ·  7 years ago 

    Two possible reasons i think of -

    1. DDOS attack on the website ( bitconnect.co ) and rest of the exchanges have synced up with the website price , as soon as website was shutdown there is no way that price is maintained on exchanges any longer.

    2. Arbitrage trading buying for cheaper prices on exchanges and dumping it on bitconnect website for huge profits , flooding the website which prolly makes sense for website to shutdown transfers and loans.

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        ·  7 years ago 

      Cool I appreciate that info.

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