SUMMARY
Bitconnect (BCC) has placed very nice waves 1,2,3,4,5 followed by a classic a,b,c,d,e symmetrical triangle correction and resumed its uptrend with waves i,ii,iii and now in progress of completing wave iv and v. I've adjusted the fibonacci relationship of wave 3 blue as 1.618 of wave 1 blue and wave 5 to approximately equal wave 1 blue. Please view the video analysis for lots more details.
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
BCC is not a free market as its controlled by the Bitconnect team (due to premine). I know you believe that TA predicts movements and fundamentals arrive in time to justify them but how does TA account when companies etc go bust? If a coin goes to zero? Did TA predict the massive drops in BCC a few months ago when people thought the BCC team had done a runner?
I was waiting for things like this to happen! It broke the top 10 in market cap!
Lots of people pointing fingers and no proof. I'll tell ya what, if you want to know ask me. Otherwise read up on money and banks. Bitconnect is the reverse of the modern day banking system. It's sound money backed by bitcoin! What bank can you open a account for $100 and get a reasonable interest rate? So if you trash bitconnect you might as well sell all your bitcoin and cryptos! And take out some government savings bonds while your at it.
I am in bitconnect and plan on putting more in, but not more than I can stand to lose. I'd gladly help anyone who understands what they are doing. But if you think the bankers will help you then go to them.
I got some skin in that game. You know, it was mentioned favorably in one of Clif High's Web Bot reports.?
Wow! That was quick. Thanks. Curious if you have looked into their lending platform and trading bot? If so do you have an opinion on this one? Hope your weekend is going well.
Edit: Just finished the video. Nice looking waves and I think I am starting to understand the fibonacci ratio and how to apply it. Anyone else have an opinion on the BitConnect platform?
I have not. Only the TA so far.
So if you believe in your TA, and this percentage up is quite high ( maybe highest you seen?).
Would you invest? Of course % wise of this significant a market cap.
Whatever you can afford to lose. Your situation is your own. If you know how to move crypto and can take your time you can do it. I'd say if you managed to get a steemit account and have a wallet or exchange account you can do it. Start with $100 and treat it like a Christmas club or vacation fund. You will have more in there than if you put it in a bank account. It averages 1% a day so do your own math. In 299 days you get your $100 back.
And you can withdraw your daily interest payments into bitconnect coin then trade to bitcoin then to your bitcoin wallet or wherever. Or let it build and reinvest.
But I said enough! They will be hunting me soon, gotta move now. Hordes of BCC haters out here. Back to the ether!
Thanks FF! Have you been survailling me?!?! This is exactly what I have done. I went in for $120 a couple of months ago when the BCC coin was around $80. After getting daily payouts around $1 per day, and with the BCC coin around $200 I checked my BCC balance and found I had about $125 worth off BCC!! So just two days ago I invested those earnings. Now i'm in for $240. So far so good....but I feel the hordes turning toward me as I've said too much.....
:)
Very prudent. I got in around the same time the coin was in the $80s. Have about the same amount invested too, curious. There really has been no way to lose, unless you make a bad transaction, (like a bad address). If you invest in a loan, there is interest. If you hold the coin, it has gone up. If you stake it in the wallet, it gains staking interest(based on amount you stake POS) and the price has gone up. Worse move is just to hold interest in account doing nothing. Turn to bitcoin is easy on exchange, or send it to a exchange and trade it.
100%
Winn8ng
I previously read what seemed to be a well thought-out post on steemit which essentially argued that it is an unsustainable ponzi scheme. That possibility was enough for me not to bother doing further research on it. Plenty of opportunities that are less risky in my opinion.
You can't prove that. What modern fiat paper currency isn't a ponzi? Do you know what the fate of every single paper currency ever?
I'm not trying to prove anything, just raising a point for others to consider and come to their own conclusions about. I freely admit that I know little to nothing about Bitconnect. I just don't have the time that would be required to put in enough research to put my mind at ease on this one. Much rather put my money in other coins with fewer concerns and much greater profit potential.
That's cool cb6!
Don't let that mistake cost you. Seriously. I know it hard to see but its real, the banks are crooks.
https://steemit.com/scam/@thegrinder/the-bitconnect-scam-exposed
one among many
Thanks CB6, I have read those accusations as well. But for every one of those articles there is one debunking it. Guess it's an individual choice which to believe as neither side can prove it is legit....YET.
Yes I figured you probably had, and I agree, it is up to each individual to make their choice. By any chance is your handle a reference to Wilco's Summerteeth?
No, but I like that guess. It's the title of a Jack Kevorkian song. That's right, the hero, Jack Kevorkian
Yeah right.
Could you make an update on the price target of BQX?
Thanks