Bitconnect: Options for 2018

in #bitconnect7 years ago (edited)

It is clear that many people who invested in the lending platform "Bitconnect" took quite a hit recently.
Here are some of your options moving forward:

  1. Consider it lost, let it go, move on, learn the lesson

  2. Move your BCC to a third party exchange like HitBTC and sell at a 90% loss

  3. Use the BCC exchange and current volatility of the price to make gains at great risk

  4. Stake your BCC in the QT Wallet

  5. Just Hodl the BCC on the website

  6. Wait for Bitconnect X to Launch* then move your BCC to the new exchange and hope for the best

  7. Wait for the price to recover on the BCC exchange

  8. Pursue Legal Action

  9. Report the Losses on your taxes

  10. Buy more BCC while the price is cheap and there is panic selling

*This applies mostly to US Citizens who cannot participate in the ICO and get the $150 valuation for BCC

This is a horrible situation for those involved and it can be an emotional time dealing with losses but please never make a financial decision based on emotions, try to keep a level head and make a choice that works best for your situation.

Would love to hear your thoughts and comments on the situation

How are you handling your situation?

  • James Miller