Overkill on crypto
The last few weeks, the news and feed on crypto, Bitcoin and especially Bitconnect is insane.
I have always said that is a scam, and I still think these kind of returns are unsustainable. But, after looking into it quite deeply, I must say, there businessplan is quite ingenius. You can't really call it a pyramid-scheme yet, because the BCC-token is there collateral and it has risen exponentially, as was the intention. You lend them BCC-tokens, and you get paid back in USD. They keep the coins. That's the plan, and so far it has been working pretty well.
But of course this BCC-token, can't keep on rising (or can it?), and Bitcoin can't keep on rising (or can it?)...
Or will BCC overtake BTC eventually, or at least come next to it. That really can be a possibility, and in that case, if BCC gets the same "faith" by the crypto world as BTC... Then, the holders of BCC are the real winners...
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I'm still in dubio, but I will monitor it closely...
Sincerely,
Pele23
It is really great knowledge, Thanks for it... up voted
He, you're welcome... I invested a couple of hundred dollars in ti, you can always use my referral if you want ;-)
https://bitconnect.co/?ref=Pele23
But Sir, Symbol of BCC is for Bitcoin cash not for Bitconnect coin... please explain
Bitcoin Cash started out using BCC, but changed it to BCH because Bitconnect was already using BCC.
It is hard, you don't know who to believe. All predictions differ.
Personally when you think about it, Cryptocurrencies are still to difficult for the layman. Non-technical people have know idea how to do this, can you imagine what the bitcoin will do when it becomes real mainstream? Especially since the number of tokens are limited. (21 million)
I read that ethereum will be cryptocurrency number 1 in the future and will surpass the bitcoin.
And Dash is seen as bitcoin 2.0 Could be I have no idea. ;)
It is a real snakepit, people who say they know what the future of crypto will be are either liars or extremely fortunate...
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Im on a very new lending platform exactly like bitconnect and also has a token . its done with its ICO phase and its getting listed on coinmarket cap next month . you can check it out https://www.westerncoin.co/mortu and please don't forget to use my referral as a way to say thanks for sharing the info ;) . thanks and good luck guys
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