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RE: Breaking news: Bitconnect say they will pay back all their investors in Bitconnect coins, not Bitcoin. Edit: bitconnect price now down 88%

in #bitconnect7 years ago (edited)

"Since they can print unlimited amounts of bitconnect, they will be keeping investors' bitcoins and giving them in exchange nearly worthless newly printed bitconnect coins based on the average of the last 15 days."

This is very bad for cryptocurrency market right now, as it is right now the coins is worthless as it is 88.24% down. I just hope they would be able to come up with good and reasonable, it looks like a scam or ponzi to me.