Please wait...
HomeForumMembers LoungeGeneral TalkBitconnect price went up down 90 percent!!
Topic Rating:

Jump to
Members LoungeYour StatsSuccess StoriesPayment ProofsMember IntroductionGeneral TalkForo en EspañolCharla GeneralSoporte General y PagosInternationalPortugueseItalianFrenchGermanHindiUrduFilipinoIndonesianMalayArabicRomanianTurkishRussianBulgarianHungarianPolishEx-Yugoslavia
Bitconnect price went up down 90 percent!!

Locked

#1 by sweetpie3000 » Tue Jan 16, 2018 15:23

A lot of people quit their job for bitconnect. Bitconnect price went down 90 percent today!!

People join the biggest ponzi scheme called on bitconnect? People put their entire saving on bitconnect and they quit their job?
sweetpie3000
Posts1,486
Member Since31 Oct 2007
Last Visit2 Aug 2019
Likes Given3
Likes Received406/278

#2 by tasman1 » Tue Jan 16, 2018 15:31

only 90% down .cool
tasman1
Posts12,307
Member Since5 May 2012
Last VisitToday
Likes Given11,289
Likes Received12,690/6,457

#3 by chrisgl25 » Tue Jan 16, 2018 15:32

time to buy cheap i guess
chrisgl25
Posts368
Member Since19 Jan 2014
Last Visit29 May 2020
Likes Given41
Likes Received177/111

#4 by fred891 » Tue Jan 16, 2018 15:35

It is about time. It reminds me of the biotech stocks that had no earnings plus they carried huge debt. People bought & bought. They usually bought at the high point and a little negative news made these stocks implode. Many people lost fortunes. I still don't understand the Bitcoins valuation even if it was worth $1000/coin. There is nothing backing this coin. The only positive thing is that there are only going to be a set number of them created and then no more. Yeah, I bet. Wait until Bitcoin comes out later and says they are going to create more of them. That devalues any Bitcoin that you have. Stocks that issue more shares do this to pay down debt.
It looks like a bunch of people just lost a great deal of money in just the last week of declining Bitcoin value.
I think it it too early to be buying this thing. I almost bought 6 months ago but got spooked away because it was acting like a NASDQ stock. Be careful people. The only right way to buy would to dollar cost average. Buy a small amount every month instead of buying it all at the same time.

When the Dow crashed in 2008 and went from 14,000 down as low as 6,700, I had a little free money and had my broker buy some index funds or something similar once a month. I bought as low as 6,900 and held on until last year when the Dow was near 20,000. I made out great with that trade, but I only had a few thousand to play with. The big boys who make the money have a statement. They make the most money when there is blood on the streets. Buy when people are scared and selling at a loss, then buy. It works. Of course I may be wrong about Bitcoin because I don't understand something that has no assets or pays no dividends, plus has no country backing it. Where is the value? I don't understand why people would buy something that has already made such a huge move up? Call me dumb.
fred891
Posts87
Member Since3 Apr 2010
Last Visit31 May 2019
Likes Given3
Likes Received47/34

#5 by valerie » Tue Jan 16, 2018 16:36

fred891 wrote: It is about time. It reminds me of the biotech stocks that had no earnings plus they carried huge debt. People bought & bought. They usually bought at the high point and a little negative news made these stocks implode. Many people lost fortunes. I still don't understand the Bitcoins valuation even if it was worth $1000/coin. There is nothing backing this coin. The only positive thing is that there are only going to be a set number of them created and then no more. Yeah, I bet. Wait until Bitcoin comes out later and says they are going to create more of them. That devalues any Bitcoin that you have. Stocks that issue more shares do this to pay down debt.
It looks like a bunch of people just lost a great deal of money in just the last week of declining Bitcoin value.
I think it it too early to be buying this thing. I almost bought 6 months ago but got spooked away because it was acting like a NASDQ stock. Be careful people. The only right way to buy would to dollar cost average. Buy a small amount every month instead of buying it all at the same time.

When the Dow crashed in 2008 and went from 14,000 down as low as 6,700, I had a little free money and had my broker buy some index funds or something similar once a month. I bought as low as 6,900 and held on until last year when the Dow was near 20,000. I made out great with that trade, but I only had a few thousand to play with. The big boys who make the money have a statement. They make the most money when there is blood on the streets. Buy when people are scared and selling at a loss, then buy. It works. Of course I may be wrong about Bitcoin because I don't understand something that has no assets or pays no dividends, plus has no country backing it. Where is the value? I don't understand why people would buy something that has already made such a huge move up? Call me dumb.

It's the devils money. :lol:

You have common sense. When it comes to making money, common sense tends to go
out the window for many people.
valerie
Posts18,873
Member Since27 Feb 2007
Last VisitToday
Likes Given4,277
Likes Received17,680/7,026

#6 by sweetpie3000 » Tue Jan 16, 2018 18:07

Bitconnect reminds people putting a lot of money on trafficmoonsoon. Since they are going get rich fast. Another program I remember is 12 dailypro early 2000.
sweetpie3000
Posts1,486
Member Since31 Oct 2007
Last Visit2 Aug 2019
Likes Given3
Likes Received406/278

#7 by sweetpie3000 » Tue Jan 16, 2018 20:43

Bitconnect grandma investing her social security money.

GRANDMA EARNS $56,000 ON BITCONNECT IN 5 MONTHS! - YouTube

Sad
sweetpie3000
Posts1,486
Member Since31 Oct 2007
Last Visit2 Aug 2019
Likes Given3
Likes Received406/278

#8 by tasman1 » Tue Jan 16, 2018 20:59

sweetpie3000 wrote: Bitconnect grandma investing her social security money.

GRANDMA EARNS $56,000 ON BITCONNECT IN 5 MONTHS! - YouTube

Sad


cool . if she was stupid it is now time to pay price
tasman1
Posts12,307
Member Since5 May 2012
Last VisitToday
Likes Given11,289
Likes Received12,690/6,457

#9 by sweetpie3000 » Tue Jan 16, 2018 21:02

I didn’t know crypto grandma investing bitcoin or altcoin.

I thought bitcoin is for hipsters and young people. :lol:
sweetpie3000
Posts1,486
Member Since31 Oct 2007
Last Visit2 Aug 2019
Likes Given3
Likes Received406/278

#10 by tasman1 » Tue Jan 16, 2018 21:03

sweetpie3000 wrote: I didn’t know crypto grandma investing bitcoin or altcoin.

I thought bitcoin is for hipsters and young people. :lol:



Old people can be stupid same as young people
tasman1
Posts12,307
Member Since5 May 2012
Last VisitToday
Likes Given11,289
Likes Received12,690/6,457

#11 by Arvind9 » Tue Jan 16, 2018 22:08

sweetpie3000 wrote: Bitconnect grandma investing her social security money.

GRANDMA EARNS $56,000 ON BITCONNECT IN 5 MONTHS! - YouTube

Sad

Why sad she made money,or is it sad because you couldn't
Arvind9
Posts2,641
Member Since16 Jun 2013
Last VisitToday
Likes Given1,706
Likes Received1,507/1,093

#12 by Charez » Wed Jan 17, 2018 02:58

Some like to eat noodles paid with dogecoin
Charez
Posts3,350
Member Since2 Nov 2010
Last Visit8 Dec 2019
Likes Given877
Likes Received2,276/1,201

#13 by sweetpie3000 » Wed Jan 17, 2018 08:33

fred891 wrote: It is about time. It reminds me of the biotech stocks that had no earnings plus they carried huge debt. People bought & bought. They usually bought at the high point and a little negative news made these stocks implode. Many people lost fortunes. I still don't understand the Bitcoins valuation even if it was worth $1000/coin. There is nothing backing this coin. The only positive thing is that there are only going to be a set number of them created and then no more. Yeah, I bet. Wait until Bitcoin comes out later and says they are going to create more of them. That devalues any Bitcoin that you have. Stocks that issue more shares do this to pay down debt.
It looks like a bunch of people just lost a great deal of money in just the last week of declining Bitcoin value.
I think it it too early to be buying this thing. I almost bought 6 months ago but got spooked away because it was acting like a NASDQ stock. Be careful people. The only right way to buy would to dollar cost average. Buy a small amount every month instead of buying it all at the same time.

When the Dow crashed in 2008 and went from 14,000 down as low as 6,700, I had a little free money and had my broker buy some index funds or something similar once a month. I bought as low as 6,900 and held on until last year when the Dow was near 20,000. I made out great with that trade, but I only had a few thousand to play with. The big boys who make the money have a statement. They make the most money when there is blood on the streets. Buy when people are scared and selling at a loss, then buy. It works. Of course I may be wrong about Bitcoin because I don't understand something that has no assets or pays no dividends, plus has no country backing it. Where is the value? I don't understand why people would buy something that has already made such a huge move up? Call me dumb.

Is stock market crash is coming?
sweetpie3000
Posts1,486
Member Since31 Oct 2007
Last Visit2 Aug 2019
Likes Given3
Likes Received406/278

#14 by jjohnson777 » Fri Jan 19, 2018 07:57

Only if sell. I sell mine weekly same day as receive them.
jjohnson777
Posts1,584
Member Since31 Mar 2007
Last Visit19 May 2020
Likes Given300
Likes Received800/486

#15 by Arvind9 » Fri Jan 19, 2018 08:05

Yes everything looks overpriced in the market making new highs every week,even I have sold some stocks dont want to get into the 2008 situation,many stocks have not yet recovered still 40-60% down.
Arvind9
Posts2,641
Member Since16 Jun 2013
Last VisitToday
Likes Given1,706
Likes Received1,507/1,093

#16 by sweetpie3000 » Fri Jan 19, 2018 19:22

Trevon James. CryptoNick, Craig Grant make tons of money on bitconnect. Since they promote bitconnect on youtube.

They make tons of money on referrals.

Bitconnect drop as low under 5 bucks per coin. Now price went up to 29 bucks per coin.
sweetpie3000
Posts1,486
Member Since31 Oct 2007
Last Visit2 Aug 2019
Likes Given3
Likes Received406/278

#17 by tasman1 » Fri Jan 19, 2018 19:33

Arvind9 wrote: Yes everything looks overpriced in the market making new highs every week,even I have sold some stocks dont want to get into the 2008 situation,many stocks have not yet recovered still 40-60% down.


Same shit here , but USA is up , up , up , now over 26 000
In Australia it will take another 10 000 years to come to 2008 high at just a bit over 7000 [ and idiots here still talking , we are the best and envy of the world , once USA crash we can not crash as we did never go up ]Grand scale idiots
tasman1
Posts12,307
Member Since5 May 2012
Last VisitToday
Likes Given11,289
Likes Received12,690/6,457

#18 by nursemorph » Fri Jan 19, 2018 21:21

I just use faucets to earn BTC...it's only a small amount of money (it was worth $600 when BTC price was at it's highest) but I just leave it to build up until I need money for something or I decide it's not worth it
nursemorph
Posts753
Member Since14 Jan 2010
Last Visit29 Mar 2020
Likes Given904
Likes Received634/344

#19 by freelizard » Sat Jan 20, 2018 08:17

I use faucets too .. safer that way

if you know of any besides the moons / coinpot , faucet hub ( a pain at times , I know ) and freebitco , let me know on private chat

for those of you who write uninformed , untrue ,fearful , or ignorant posts about all this .. you're simply passing up free money .. the sky is falling , right ? :roll:

educate yourself , be smart , there is a way to do this safely so you don't lose any of your own money

about bitconnect .. that had ponzi scheme written all over it from the beginning , which is why I did a little research and found out I'd best not waste my time or funds on it
Last edited by freelizard » Sat Jan 20, 2018 08:20 » edited 1 time in total
freelizard
Posts481
Member Since21 Jul 2010
Last Visit18 May 2020
Likes Given6
Likes Received209/135

#20 by freelizard » Sat Jan 20, 2018 09:47

this is from another forum I belong to , with a little editing , and they're not my posts


He is not taking anything back, bitconnect ceased all lending operations and they operate now just as advisors... This is bull****, they stole money and they step away like gentlemen! this is business! I honestly cannot understand the reason people still believe they will become rich overnight...


the main reason is because it's much easier to search for get-rich-quickly methods and hope you will actually get-rich-quickly rather than make actual efforts for your money

anyway , I knew it was going to go scam so I stayed away :thumbdown:
freelizard
Posts481
Member Since21 Jul 2010
Last Visit18 May 2020
Likes Given6
Likes Received209/135
Locked
Return to 'General Talk' Forum     Return to the forums index
All times displayed are EST - Server Time: Jun 1, 2020 15:24:14 EST