last needed piece for the Ponzi scheme to be complete. Those who deposit between 1,000 and 5,000, get the same deal, plus.10 daily guaranteed interest. Then again, BCC may theoretically simply outgrow its Ponzi roots and establish a sort of market presence that will ensure its continued existence even after the collapse of the Ponzi that gave birth. Other countries where is popular include India, Russia and Ukraine. Verdict: Bitconnect BitConnectX are scams! To combat bitcoin price volatility we provide the bitcoin lending module for bitcoin investors, which maintains your asset value and even earn a substantial return on investment.
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The Demand channel is powered by the exchange (where investors will purchase BCCs, to participate in the lending part of the investment scheme). This is indeed the fate that awaits all similarly built-up crypto scams. This is indeed a rather impressive snapshot of a digital currency that so many claim is a scam. It certainly does not bode well for the pushers and holders of BCC though. BitConnectX Coin Despite warnings and cease and desist orders from US regulators, and despite the fact that the core of its operation in the US has been shut down, BitConnect went ahead with the launch of its much-chagrined BitConnectX coin. We have to call this yet another red flag. Given that registrations for the service have already kicked off on December 1, 2017, taking a closer look at this payment system is now definitely warranted. The new coin is said to use PoW and PoS algorithms to secure the blockchain, and it supposedly makes instant worldwide payments possible. Connect with the local bitcoin community and gain trust. You are at: Home fAQ advanced Questions »Bitcoin Volatility Explained, related Posts, bitcoin Video Crash Course. The bottom line: Bitconnect may indeed be a Ponzi and if it is that, it is certainly one of the most successful and lasting such schemes in history. BCC was launched through an IPO as it is fashionable these days and it has turned out to be surprisingly successful over the last year.
To give an example: If you lend 1000 today- you will see interest accrued after 24 hours, calculating that days interest rate as shown in the bar chart. (deposit) and how to recover bitcoins on Bitconnect? The interest rate on lending will be calculated by our bitcoin price volatility software and accrued daily.
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