BitConnect what is it about?

[4Gung]

One word "CONTROVERSIAL", its really controversial crypto in 2017, most people saying it as scam and mostly invest on it (including me). But honestly their system really not sustainable, I have doing sample mathematic calculation on excel with all referal interest system, it can collapse anytime. I invest on it since I'm risk taker and only put 5% of my money on BCC, I think as long as BTC prices not going back to $5000/btc that system should be fine. But if 1BTC back to $5000 I think all market will be bearish not only BCC.

[Cointastic]

You have to note that close to 100% of BitConnect trading takes place on the BitConnect exchange:

https://coinmarketcap.com/currencies/bitconnect/#markets

Honestly I think even listing it is debatable because of that. 

[Cointastic]

Some more info here too: http://www.globalcryptopress.com/2017/11/breaking-bitconnect-ponzi-scheme.html

[coinliker]

i dont know so much about that. but as far as i know u can invest min 100$ in bitconnect. i also saw in coinmarketcap bitconnect is a listed coin.

[Cordillerabit]

There are a lot of youtube videos by famous miners/traders/investorsexplaining all the pros and cons about bitconnect. you can watch them to know more about bitconnect.

Bellow i quoted  from their website of what bitconnect is all about 

Bitconnect is an open source, peer-to-peer, community driven decentralized cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment. This means anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain security of the network.

This means anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain security of the network". a lending platform interest on investment thats their main idea

but they are operating in 4 Business Model

1. Lending:
Bitconnect also offers the option to invest BCC via a special lending platform and this involves using the Bitconnect trading bot and volatility software. Lenders are promised to receive daily profit based on their investment option with the following options available.

2. Staking:
Bitconnect allows users who have purchased BBC to accrue interest and promises returns of up to 120% per year through PoS minting. Users who hold coins in a Bitconnect-QT wallet will receive interest on their balance.

3. Trading:
BCC holders can also trade the coin and try to profit by selling them at a higher price and buying them back at a lower price. Investors are prompted to use Bitcoin to purchase BCC from the BCC exchange.

4. Mining:
BCC can be mined with CPU/GPU equipment and miners can choose to work via a BCC Solo Mining Proof of Work system or through the BCC Pool Mining system.

[iaminsingapore]

too good to be true

[shusmoybabu]

could be an Scam project!
Think twice before investing!

[Cordillerabit]

bitconnect is down goodbye

[baobao2000]

There are no one working on the project, but the coin still in ICO.
They need to remove this one.

[Souri]

There are no one working on the project, but the coin still in ICO.
They need to remove this one.

Considering their business model is an exit scam they will not remove it. This whole operation was a scam, is a scam and scammed people.

[Nomad]

Nobody, never invest in lendings on blockchain, most of it - scam, based on Ponzi scheme.
Two of my mates lost 10k$ on bitconncet. If you have any bcc coins left - just sell it and forget.

[Hugobro]

Last thing I heard , it folded.

[adotrulez]

LOL it's dead and buried already...SCAMMM hope u did not lose money there though

[benres]

BitConnect is still traded on tradesatoshi so if you still holding some of your BCC coins better sell it now while it still on tradesatoshi this is the last option for BCC then move on!

[isomoyes]

its a fraud
dont go for it
he is a international scammer