Bitconnect – BCC
What is it?
Seriously, for me - scam.
Let me explain… the only thing I can read on their website why I should use bcc are 6 sentences with bulletpoints that are telling me nothing more than everyone already knows of if you use cryptocurrencies. There is no “connect” to nothing in bitconnect.
• “Empower yourself within open source platform connecting you socially and financially to a secure protected community of investors and lenders.”- there is NOT A SINGLE team member or investor I can read about on the website. So how can I trust?
• "Boost your finances with the BitConnect Coin investment tool with the maximum coin limitation of 28 million." – ok, but why then bcc instead of the one and only all of us know - BTC. Any new technology?
• "Connect with your community and increase your wallet when your coin price increases exponentially allowing you to gain interest toward a bright future.-" What?
• "Seize your edge. You are ahead of most with Bitcoin knowledge and opportunities for continuous financial growth."
Doesn’t seem like it.. no whitepaper, nothing about the team itself.
• "Secure your future by gaining quick profit growth for tomorrow that is practical and attainable." - probably they meant to secure the future of the bcc team by buying that scam coin.
• "Lock in your security by taking control of your finances with a safe and easy way to ensure success. BitConnects POW/POS (Proof of Stake) protection keeps BitConnect decentralized. All transactions are performed directly between the users and not a centralized third party."
-> Really? Yes, that’s the main idea of a blockchain but that sentence doesn’t make really sense.
At the end – my opinion: scam coin. The only reason why BCC is now on rank 11 on coinmarketcap.com (when writing this text) is that all them people mix it up with BITCOIN CASH!
So my opinion – I will not touch bitconnect as a true investment, as they are much better inventions in cryptocurreny.
Sources: bitconnectcoin.co, coinmarketcap.com and my very own opinion
I don't know if it's a scam or not, but I agree with your skepticism @cryptoleen and while I understand that there is probably a language barrier for the BCC team (or random casting call?) there's no way I would buy any of that coin just because some nonsensical advertispeak tells me to. Websites that can't be bothered to have any real info on them are insulting to the visitor. Period. If you can't post the technical details yet, then you're not ready to launch!
Furthermore, part of the problem with the cryptocurrency market is that many of us are too easily convinced to roll out the red carpet for every bankster/FOSS leech/scam coin out there because it's easier than digging into development, monetary policies, governance, technologies used, etc.
We could have financial freedom, which translates into many other freedoms, if we don't allow the good projects to die while we dutifully fund the building of a more efficient & profitable global financial tyranny.
Don't let people dissuade you from critical analysis and posts that present it. It's funny too. I'll follow you now and see what you do. :)
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Thanks for your detailed opinion and support! :)
Loved your sentence: "if you can't post the technical details yet, then you're not ready to launch." describes it really well!
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I couldn't disagree with you more on this. All you need to do is check their payment history. They are solid and I am yet to hear a single complaint of non-payment. But the #1 is - don't invest money you can't afford to lose.
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Thanks for your opinion and hint to check their payments. I am just excited about any news I can read about cryptos and bcc now.
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They may paid you, but all ponzi skeems pay, is a scam and everyone is going into it and you get 120 days lock of your funds if you check marketcap some already got money out, but others bought in, some months ago you could buy in for 1 usd, so sure you can make a profit of the scam, and they will pay you, after 120 days that your money is hold in there, its the holding money game to grow the money and since its hold, it gets more valued, so like all pyramids ponzi type skeem, if at some point everyone cash out, them you loose your money, at this point that its 100+ usd buy 1 BCC i would not recommend buying in wont be much margin to make, as the early birds did. I recommend buying another new ICO that starts like this. Bankera has already the product that BCC is saying it will have, with 300k users , so their pre-ico finish, but the ICO will start in october so be in the watch for it.
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