"We’ll be back soon!
Sorry for the inconvenience but we’re performing some maintenance at the moment. If you need to you can always contact us at [email protected], otherwise we’ll be back online shortly!
— The Team
Bitconnect"
As of midnight (eastern US time zone) BitConnect has shut down their website claiming to be doing maintenance on the site. Right before they went offline, the price of a BCC coin was shown as $147 USD. This is in contrast to several other exchanges on CoinMarketCap.com showing something very different. One can only assume people were buying BCC for cheap on these exchanges and dumping them for BTC on the main BCC website for a huge profit.
Is this the end of BCC? As a lender to their site, I personally hope not, but this is not looking good. Super shady. Let me know what you think.
The dump was expected and predicted. It is simple math.
And now some are running for the door . . . and the door is shut.
here's the tricky part
4)the lender has to buy BTC to send it off the exchange . . . and there are not enough sellers.
Now we cannot get money out.
I was just a matter of time before someone pulled out of the lending and exposed how the system is set up/ and why it is set up that way.
that's what I think.
H. G.
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Yea I knew this day was coming. I came across all the information on it being a scam after I invested, so honestly I've prepared myself for the inevitable, but I still feel like an idiot.
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No reason to feel like an idiot. For the sake of the investors, I hope that this is just a temporary issue.
My wish is that no one gets burned.
Attention does need to be given to the recent closings of HYIP Ambis, Bitlake, Microhash, all proven scams that people were warned against, and yet they sent their money into the great wide beyond anyway.
And lessons to be shared.
Fingers crossed.
H. G.
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Lessons to be learned for sure. @brenda-nalle was saying how there are videos of people borrowing money to invest into the site. I can't imagine how they are feeling right now. Let's hope it comes back up for everyone's sake.
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