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.