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RE: LTC and Why I have no opinion on your money!

in #bitcoin7 years ago

I don't necessarily think that BitConnect was a "scam". People investing knew the risks, but chose to go at it anyways. It was profitable, and BitConnect didn't just shut down to gather up their profits. BitConnect had received 2 cease and desist orders from North Carolina, which would state that if BitConnect wasn't shut down, they'd press charges. BitConnect has paid out, and I don't think it was entirely BitConnect's fault. People panic-selling the coin has caused it to crash tremendously, which would overall, diminish the prices for everyone. BitConnect is still going, just not in the U.S. There are open exchanges/websites on their Japanese/Indonesian servers. I in fact have 0.3 BCC, but I'm holding onto it, even at it's current price. It has fallen 37% since yesterday, but had risen 70% the day before. With BitConnect X's release, I'm going to hold onto BCC and see what happens.