So like most people closely watching the crypto market im sure by now you have herd of a new cryptocurrency called regalcoin which is currently holding its ico until sept. 22, 2017 and has been deemed bitconnect 2.0 by some. But heres some food for thought , if you were the founder of bitconnect and wanted a way to cash out without spoiling the market or reputation of the business platform, why not start fresh as the competition.
Now dont get me wrong im not here to bash either regalcoin nor bitconnect but just think about it for a minute, with all the hype surrounding the launch of regalcoin (mainly due to there referal program similar to bitconnects) there is speculation that alot of the bitconnect market is gonna shift toward this new platforms. My theory is that this will cause a steep drop in the market value for bcc as everyone sells it off in Fear allowing the owners to sell off as well and naturally let bitconnect fade away
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Although this is all theory and speculations some of the similarities between the 2 are hard to ignore. So in short my steem team always be careful investing ur hard earned coins into any program or exchange and make sure the research is done. I may be investing some money into bcc as i dont think there out of the game yet and regal i might scoop up a small amount just incase but always be carful with your money this is not investment advice. Anyways thats my rant for the day i hope you enjoyed please upvote resteem and follow for more up to date news on the ever growing market.
That's an interesting theory, @atlanticcrypto. I've been hearing that the ICO has been going through problem after problem. However some of the designs used by regalcoin's website are very similar to Bitconnect's.
Coincidence? Let's see... :)
Thank you for the heads up, as far as i knew the only issue they were having was hitting there daily Cap so quick it makes it dificult to purchase but definatly some great info to look into thanks @ezzy
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