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RE: Remember when Bitconnect was on top ten list
1 000 000 000 $ + in one day ;) They changed the price of BCC, so that people in panic won't start withdraw BTCs?
1 000 000 000 $ + in one day ;) They changed the price of BCC, so that people in panic won't start withdraw BTCs?
Its crazy, they can postpone but not stop it. The guys behind bitconnect ponzi deserve a gold medal.
Still going without a shred of evidence. How do you just make stuff up to post about, I do not understand.
How do you figure they changed the price? Are the order books not visible to all? Prices on all coins move like that every day. Do you have any evidence of your claim? Do the books not add up? No, you are just assuming, but you know what they say happens when you AssUme.
@embomb701 it is easier to fool somebody than to convince him he has been fooled.
You’re welcome here, and your opinion is valued. Its just I’m not trying to convince you or provide evidence to you. There is no evidence on earth I can provide that will be sufficient. Its human psychology, if you don’t see the red flags, shady ownders, no offices, not properly registered. Its waste of time to try to convince you, or anybody.
Regards.
I did not say there were no red flags, I said that in my article. All I am saying is that to call something a scam without evidence is wrong and irresponsible. I am not 100% convinced they are legit myself, I hope they are not but I for one will not make wild claims without evidence. It is possible they they could be a scam, but it is also plausible that they are legit. All of the "Evidence" is just someones opinion of why price action is what it is, or fake documents created saying the Queen owns your assets, just garbage. If you google anything you will see people doom and gloom FUD posting on it. "Verge Wrath Protocol is fake" said former vice president, oh but the article is deleted. "Bitcoin is a scam" Jamie Diamon. Bitcoin is a Bubble. IOTA lied about partnership with Microsoft (In reality Microsoft said they were partners on a project, IOTA said nothing). The government will Kill Crypto Currencies. Binance team manipulating BNB Price. Cardano is Wash Trading to pump their numbers. I can go on and on. Its all Bullshit, people FUDing to ether get the price down so they can get in, FUDing to make good articles, FUDing just to spread doom and gloom. If there was actual evidence of fraud, I would have an article up within an Hour but all I see is people speculating how the new members front the money for the old members and how its not sustainable and 1% a day is impossible. They make no such claims as 1% a day, plenty of trading bots exist, you can buy one yourself online for 2,000. People were using them on Binance back when Binance was new and all trades has no fees and people still use them. And once again all I see is speculation and yes red flags (the supporters leaving, no white papers, CEO anonymous, no code proving their bots {I wouldn't share this ether} odd price action, generous referral program and pyramid company structure {like PPD and Herbal Life}, but I will not jump to conclusions because I am level headed and will take this as it comes. Lets just agree to disagree, the only point I have been trying to drive home is that there is no actual proof of any wrong doing, just opinions and speculation. What is the point of jumping to conclusions and worrying, will it help anything? Is spreading panic useful? Now I can see you think you are protecting people from a scam, now if you wanted to tell people caution there are some red flags with that company I could get behind that but to say its a scam without evidence is a leap and it might come back to get you because that is slander and if they prove your articles cost them money they can sue you and its market manipulation, which is a federal crime. Oh and ask yourself this, if they end up not being a scam, you just prevented many people from making money and what if they come looking to you for compensation. And as for that so called Jan 7th date, they have already responded to that. LAST THING on Jan 8th my article will be fine ether way because I did not say anything definite I just said its plausible, where your article on the other hand will be proved true or false. Isin't having 2 accounts a violation of Steemit T&Cs? @Ctyptouniverse and @cryptorep. See how speculation works, with no evidence I make the statement and it may or may not be true but some will now since I asked the question, only I did not state it to be fact, I just asked the question.
I’m not calling a scam either, its a ponzi scheme. The evidence is simply on math, whoever traded will know thats it is impossible to make money without taking risks. The fact that imvestment go only in one direction, is proof enough.
I have seen this 100s of time. It is not a question will they fail, the question is when.
For that logic, Bitcoin is a scam too, it only goes up. If its match show me the formula.
That's not true, bitcoin has down days.
@embomb701 I read your post and I see what you mean. For your effort I'm going to upvote your post, should be around $10 worth (us dollars not steem dollar).
From your point of view you're right. You would not jump to conclusions without being sure 100%, that's fair enough. You said there are red flags with a lot of other cryptos too, I agree, but there are subtle distinctions too.
From my point of view. I don't know how to put it in the simplest way. I'm not speculating or spreading fud. I'm 100% convinced it is a ponzi scheme and at some point, near future, it will implode. For this, if I had the opportunity I would bet half a million without thinking twice.
Saying it that way that you are convinced is the perfect way to say it, I suspect there might be something going on with them but I have not yet been convinced in ether direction. Thanks for the Upvote, I will look through your blog and see if there is something I can upvote on. My voting power is depleted but not full power vote is worth a .32 Steem dollar. And I am following you, thanks for debating me!
Marketcap increased in one day by 500+M with a volume of 50 M?
@cryptorep not all coins are traded at the same time. In volume is thin its even easier to move the market. This is true for forex, stocks and cryptos.
How we assume market cap, the last coin that gets trade, we assume that all coins in existence are worth the same price.