So i really need help for an advise about weather i should get involve into the BCCX ICO, or just "hold" the BCC token. so here is my testimony;
On nov 28 i made a loan for 11,880$ usd. which i got on daily profit returns the amount of 8,500 $usd. Now when they gave me back the tokens at the fixed rate of 363.12$ usd. Btw when i first made loan they said in the agreement that i would get this return in USD value, as you already know they return all the value in bcc token at the fixed rate stated above.
With that being said i got a total back of 32.717 BCC tokens by the time of writing this message the current rate is at 15.26$usd so of my 11,880$usd loan is worth now 499.25$usd. i know a lot of people have made the choice of hoping the bcc token will value is way up, but i found it tremendously hard to climb back at the rate they fixed and pay us which is the 363.12$usd.
and PLEASE correct me if I'm wrong! But these are the reason why i think getting involve into the Bitconnect X ICO is the better option we have:
Bitconnect X wil pay the value of BCC token at 150$usd per 50$usd BCCX token which means you get 3 BCCX per each BCC token. Bitconnect X has a total ICO distribution of 11,760,000 at 50$usd each BCCX token would rise if all ICO is distributed a total of 588,000,000$ usd this would be one of the biggest ICO in Crypto. A plain sight it seems a bit of impossible but if we remember that Bitconnect was the biggest community in Crypto with an outstanding of 1.5million users. And even if we take the third part of the community lets say that only 1million users is trying to get at least a 150$usd value per each BCC. You can say that you are starting an ICO with 1million user assured to the new project. In another note i find way more easier that 3 BCCX token could go from 50$usd to 120$usd if all ICO is distributed. If i wait on BCC token to rise from 15$usd to 363.12$usd that it was given knowing that the new project would be more important to the company so on.
Unfortunately this is the way i had to learn in Crypto world but i am seeking for good financial opinion or information i might not know yet please help me thanks.
Sonny P.
Sorry to hear about your situation.
Goodluck on whatever you do.
thanks for the luck! But if you come across any valuable info would appreciate is shared< thanks
Hi Sonny,
Don't take it like an advice... see it more like an opinion from someone who chooses to say no to bitconnect scam. With the lending platform being closed, the BCC coin lost it's value. Also, because their business was a ponzi scheme, what is left is regarded as "dirty", this includes their ico.
Take this as a lesson and next time do your due diligence.
All the best!
p.s.: you can check this post, it's about an other user that lost over 30k
https://steemit.com/bitconnect/@dragosr/bitconnect-and-stockholm-syndrome
Believe me i learned my lesson, but in my position right now, if i sell what i have would be worth 600 bucks, its like the 118.k. Are gone if i take th same thing and take it to the ico would be worht 5.5k ugh this is really frustrating tbh.
my husband and I have 1300 bcc we are staking in the QT wallet. we are in the United States and aren't able to participate in the ICO, but we seriously considered taking a trip out of the country to buy in. we weighed the pros and cons and with the coin selling out so fast every day it just wasn't worth us spending the money on flying somewhere to not be able to buy any coin anyway. I do not personally believe this was a Ponzi scheme. I believe something(s) happened that put the pressure on bitconnect at the time that they were ramping up to release the new exchange. maybe they halted the lending in order to shake out the light hearted, and to get rid of the US members with the SEC on their ass. they have stated that bcc will be part of the new exchange. I believe it will be utilized in some way in the exchange itself. I do believe the value will rise again, and the bcc community left standing will be much stronger. I dont necessarily expect bcc to rise back to $400 a coin, but I expect $250 or so. you have to make your own decision. but my advise is put some, not all of your money into the ICO while you can. keep some bcc staking and grow your assets. then, bide your time. its hard to be patient right now, but those with a large amount invested really dont have a choice. day trade where you can too. we have made a grand here and there just keeping a close eye on prices. best of luck to you!HODL!