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     7 years ago (edited) 

    Hello @rickmf.
    Updates . . .
    I slowly pulled my money out over time.

    I would not recommend Bitconnect.
    this is what I think happened tonight.

    The dump was expected and predicted. It is simple math.
    And now some are running for the door . . . and the door is shut.

    1. A lender's Capital was returned.
    2. the lender did not reinvest.
    3. the lender buys Bitconnect in large quantity driving the price up.
      here's the tricky part
    4. the lender has to buy BTC to send it off the exchange . . . and there are not enough sellers.
    5. he dumps . . . BTCC crashes, BTCC closes the door hard.
      Now we cannot get money out.

    Math.

    I hope you didn't get caught up in that.

    H. G.

    [-]
     7 years ago  

    no i did not, but i know people who have/ are.. was thinking about a small 'loan' but am very hesitant. thanks for the reply

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