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Do you think Bitconnect will collapse

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#21 by josealvesjr » Mon Nov 13, 2017 12:55

Bitcoin.

It would seem that Bitcoin is “too big to fail” at this point, after reaching record highs of well over $7,000 not too long ago.

The value of the cryptocurrency has dramatically increased over the course of 2017, but according to investment and financial advisors, a crash is imminent.

Just this past weekend, Bitcoin saw almost $2,000 wiped off of its value, largely due to the fallout from the scrapped Segwit2x proposals.

By Sunday morning, Bitcoin sat at just over $5,600, the lowest it’s been since late October, when it experienced a sudden surge in value. Since then, the currency has seen incredibly wild price fluctuations of as much as $1,000 over the course of 24 hours.

It’s unclear what this shift will mean for future trading. Perhaps this instability highlights the perfect opportunity to move your money out of Bitcoin and into a much safer alternative.
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#22 by larryonly » Mon Nov 13, 2017 13:19

Whatever you have, Sell it now before it becomes 1 penny..
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#23 by tasman1 » Mon Nov 13, 2017 15:19

13/11/2017
Today's Open
$5,857.32
Today's High
$6,770.37
Today's Low
$5,823.87,,,,,,,big boys can kill it in a day , ask Bill Gates if you do not trust me
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#24 by Raizvan » Mon Nov 13, 2017 17:48

Its not gonna happen guys.

It went down because ppl moved their money to BCH which went from $1,500 to $2,500. (on a single night there were literally Billions of USD dollars flowing into an exchange in a 2 hour period)

Fact is, Bitcoin itself has a market cap of over $100 Billion, (still very small) and will increase as more money flows in to these coins.

Technically speaking, Cryptos will continue to rise in value as demand increases and also the USD fiat devaluates against it.
Last edited by Raizvan » Mon Nov 13, 2017 17:55 » edited 5 times in total
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#25 by sweetpie3000 » Wed Nov 15, 2017 08:05

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#26 by Onkundi » Wed Nov 15, 2017 09:13

It might collapse but not soon, though it is a risky business.
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#27 by Raizvan » Sun Nov 19, 2017 19:03

We all know Bitconnect is a HYIP.

An HYIP that also has 8 downline leves and pays uplines commissions on the investments.

Basic economics would tell you that 1% daily interest on top of upline commissions just doesn't add up.

The only reason Bitconnect has been paying for over a year and has become as big and as popular as it has is because the rate of both BCC and Bitcoin has gone up more than 1% a day, which, as crazy as it sounds, has actually made it a somewhat functional HYIP that is profitable to the owner, however beware that the site is run by an unidentified person, and that person could just randomly run way with everyones funds, since the owner controls the wallets where the members "invest/lend" their BCC.

If that service crashes or scams, the value of BCC would plummet to the ground, BUT, in order to purchase BCC with them you have to buy using Bitcoins, In other words, the site owner doesn't just stock up and prop the value of BCC but he/she gets paid in Bitcoin.
Last edited by Raizvan » Sun Nov 19, 2017 19:05 » edited 1 time in total
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