I am writing this cause i am pretty pissed that a honest discussion i wanted to have about BitConnect was flagged as promoting Scam, the person which flagged the articel as - Promoting Scam ... clearly didnt care to read through my questions at ALL!! - This feels like Mainstream Media Censorship to be honest.
So here is the Storyline....
I am subscriber of Clif Highs ALTA reports... if you dont know him... get over to https://halfpasthuman.com/ and have a look. Its the best money on research data you will ever spent.
Clif mentioned in one of this Tweets @ ~~~ embed:872118586126585857 that his data shows a major pullback around the 15th . twitter metadata:Y2xpZl9oaWdofHxodHRwczovL3R3aXR0ZXIuY29tL2NsaWZfaGlnaC9zdGF0dXMvODcyMTE4NTg2MTI2NTg1ODU3IHRoYXQgaGlzIGRhdGEgc2hvd3MgYSBtYWpvciBwdWxsYmFjayBhcm91bmQgdGhlIDE1dGggLnw= ~~~
Also he mentioned BCC in a somewhat favorable way (for details read the report) as he also had some data on this... Scam Coin Acussation - which doesnt seem to be valid ... according to his Data.
As stated in my inititial Article - https://steemit.com/bcc/@oilreg/whats-the-most-stable-growing-altcoin
i was looking for Altcoins which where being less volatile during pullbacks, so that i might switch over to them before and then buy BTC back after the pullback...
For me there is no point in Profittaking into Fiat cause the Spreads are Insane over such periods of time.
All i wanted to do is having a normal discussion about BCC...
Point is this one.. the way as BCC is labeled as Scam is from some really funny activists here, but mostly from this Article.
https://steemit.com/scam/@thegrinder/the-bitconnect-scam-exposed
However most of that is BS if you look at it closer..
As for the Exorbitant Returns in Lending ... lets do the Math.
... i invested 10 BCC in April 2017 and that time is was worth 100 USD
... they pay my daily intrest... and they always did .. back in USD
and when my term ends they get me back 100 USD ...
... which is now worth.. less then 2 BCC and when my 299 dats run out its prolly worth noven 1 BCC
So i am clearly the fucked up guy here.. cause i payed 10 BCC to have in a year 1 BCC
Thats a stupid deal i did... however it not a Ponzi Scheme...
2 - So the Next Sign ...
... Why Bad English doesnt Matter ... cause not all people in the world ... and that might come as a sursprice for someone which never left his own country .... are english speaking. Myself Included... i am sure i have a trillion of Typhos in here. However... if you dare to look a bit around you will find people which speak pretty well 3 languages .. not all perfect thou,
All the points mentioned in the article are common on Coins sites... no names of employees, and so on... the reason we like Cryptos is the Anonymity we have. check out the Big Mining Pools ... the same pattern there... they must be scammers i am sure :D
3 - So the OP complains that you have to use BTC to buy other coins... uhmm really ... did the OP ever exchanged to Altcoins at any exchange.. thats a pretty default thingie LOL
All the points he mentioned there... applies for ALL preminded coins.. or the none mineable (though i could be wrong there )
On CoinMarketCap, BCC doesnt show as PreMined or such... i would assume they did their due dilligence thou.
As for the blame of the refferal program.. well this made me laugh.. i am earning my daily bread with Affilate Money since 18 years... and if a program would offer me 7% i would turn it down cause of the shitty rate. Usually Refferal money is in the 15-60% Range. And if you think thats too much, you dont understand the way the good go.. from the time its gets produced into the customers hands so many parties earned on good that often the price is 200% higher...
So... really all the Scam claims are based on bogus articles like those which can be easily debunked.
... However let me get this straight i dont like that i trapped into their shitty lending offer as well... but its far away from being a Ponzi... i payed basically for all the intrest many times over LOL
.... i dont like that i can buy their coins mostly at their exchanges ... which have way to less liquidity to begin with..
However what i really want is a unbiased... open discussion about BCC
Maybe this article helps,
Disclaimer: I am just a bot trying to be helpful.
It happen to me as well...they downvoted me just for a link.
ohh... scary.. well time to move on then ... i dont need CNN 2.0
Try going on Cryptopia and talking about a coin that isn't DOT. You will be banned immediately.
Otherwise, it's an awesome exchange, actually. ;)