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Tag Archive : bitconnect

how to lend bitcoin on bitconnect

how to lend bitcoin on bitconnect插图

People also ask


  • What happened to Bitconnect Coin?

  • Essentially, you鈥檙e giving BitConnect your Bitcoin and then giving it back the cryptocurrency it gave you in exchange for it. You鈥檙e handing over your Bitcoin and your BitConnect Coin in exchange for a promise 鈥?a promise that has now been broken that the lending platform has shut down and the value of BitConnect coins has plummeted.

  • What is Bitconnect cryptocurrency?

  • This UK-based cryptocurrency is inspired in many ways by the older digital coin. Like Bitcoin, the identity of BitConnect鈥檚 developer is somewhat shrouded in secrecy. It is likely that the platform is the work of a group of developers.

  • Do I get my Bitcoin back if I pay with Bitconnect Coin?

  • Crucially, your interest payments are always made in BitConnect Coin. You don鈥檛 get your Bitcoin back, and your return is entirely dependent on the market value of BCC at the time of getting your payout 鈥?assuming you get one at all, of course.

  • Is Bitconnect a good investment?

  • We already know BitConnect promised some pretty outrageous returns for people鈥檚 investments, but perhaps soaring Bitcoin prices over the past year made the hype more believable, especially for keen investors looking to get in on the cryptocurrency action.

    is bitconnect the same as bitcoin

    is bitconnect the same as bitcoin插图

    Best answer


    BitConnect and BitConnect Coin (BCC) aretwo different aspects of the same platform. BitConnect aims to be a bitcoin lending platform, while BCC is the value token used by the platform.

    People also ask


  • Is Bitconnect a scam?

  • Bitconnect was a cryptocurrency scam that went from obscure in 2016 at about US$ 0.17 to a high of $436 in 2017. It screamed of potential, becoming a top 20 cryptocurrency token. This couldn鈥檛 last, as the price came crashing to $0.40. Regulators came cracking down on the project, forcing its cessation in 2018.

  • What happened to the Bitconnect Ponzi scheme?

  • The charade collapsed when the law came calling. 2018 saw victims of the scam lose 30%, then 90% of their value to the insider cashouts with the closure of the Bitconnect exchange. The Ponzi scheme came full circle with its promoters and their aggressive propaganda disappearing from any reasonable trace.

  • What happened to BitConnect and Matos?

  • Bitconnect cited excuses on bad press, the Texas State Securities Board Cease and Desist order and DDos (distributed denial of service) attacks, yet the truth was out in the open: scammers won. Matos disappeared, only to resurface recently taking a lot about weight loss through intermittent fasting.

    is bitconnect and bitcoin the same thing

    is bitconnect and bitcoin the same thing插图

    People also ask


  • What is BitConnect and how does it work?

  • Basically, you would send Bitcoin to BitConnect, and they would convert it to the BitConnect token (BCC) and pay you massive interest from profit earned by the trading bot. The interest was indeed astronomical, with some users claiming to earn up to 1% every single day.

  • What is Bitconnect (BCC) cryptocurrency?

  • What is BitConnect? BitConnect is a unique cryptocurrency platform that promised easy riches through a proprietary trading bot algorithm. Basically, you would send Bitcoin to BitConnect, and they would convert it to the BitConnect token (BCC) and pay you massive interest from profit earned by the trading bot.

  • Is this the end for Bitconnect Coin?

  • In its statement, the company insisted this wasn鈥檛 the end for BitConnect, but its cryptocurrency had already dropped in value by more than 90% to a lowly $17.25 by Wednesday. For those invested in BitConnect Coin, this is the bad news they were praying would never come.

  • Is Bitconnect a scam?

  • Bitconnect was a cryptocurrency scam that went from obscure in 2016 at about US$ 0.17 to a high of $436 in 2017. It screamed of potential, becoming a top 20 cryptocurrency token. This couldn鈥檛 last, as the price came crashing to $0.40. Regulators came cracking down on the project, forcing its cessation in 2018.