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Bitcoin: Does it have a future ?
Rank: Member Joined: 11/7/2017 Posts: 186 Location: Nairobi
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Mukiri wrote:karasinga wrote:behold a potential reversal   Thank you. Upside movement will ONLY mean a price correction for Bitcoin. ALTs like @Maka's XRP will suffer more, as money is diverted into Bitcoin. Other coins will only recover when the King is sated and stable. That will take abit of time This dependency of altcoins on the performance of Bitcoins isn't healthy. Now the things that claim to be better than bitcoin are tethered to same damn thing they wanna replace
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Below $10000 and Looking down.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Stiffler wrote:Mukiri wrote:karasinga wrote:behold a potential reversal Thank you. Upside movement will ONLY mean a price correction for Bitcoin. ALTs like @Maka's XRP will suffer more, as money is diverted into Bitcoin. Other coins will only recover when the King is sated and stable. That will take abit of time This dependency of altcoins on the performance of Bitcoins isn't healthy. Now the things that claim to be better than bitcoin are tethered to same damn thing they wanna replace It is what it is.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Have a look at your fellow investors Quote:Bitconnect was a website that was heavily advertised throughout social media platforms such as: Facebook, Youtube, and Twitter. This website allowed people to put their money in a "Trading Robot", which supposedly was able to produce returns better than the average daytrader.
This trading robot at the beginning was making returns of "1% daily", which others advertised to their friends. Friends put their money into Bitconnect, under the impression that the bot would make them money, would convince others to join the bot.
Then when Bitconnect had around ~$3B USD worth of capital, their website suddenly shut down. They announced that they were shutting down their lending platform and any balances on the website would be refunded in a currency: "Bitconnect Tokens". Bitconnect Tokens were tied to the value of how the trading bot was doing. But since the trading bot had just been shut down/never existed, Bitconnect tokens effectively had 0 value. People started to realize this, they sold off their share, resulting in the value of Bitconnect Tokens dropping 90% in less than an hour. Many people lost everything they put on the website, causing mass selling of assets.
Worth noting that the "trading robot" never existed, and it was essentially a ponzi scheme.     If Obiero did it, Who Am I?
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Rank: Elder Joined: 6/23/2009 Posts: 14,243 Location: nairobi
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Swenani wrote:Have a look at your fellow investors Quote:Bitconnect was a website that was heavily advertised throughout social media platforms such as: Facebook, Youtube, and Twitter. This website allowed people to put their money in a "Trading Robot", which supposedly was able to produce returns better than the average daytrader.
This trading robot at the beginning was making returns of "1% daily", which others advertised to their friends. Friends put their money into Bitconnect, under the impression that the bot would make them money, would convince others to join the bot.
Then when Bitconnect had around ~$3B USD worth of capital, their website suddenly shut down. They announced that they were shutting down their lending platform and any balances on the website would be refunded in a currency: "Bitconnect Tokens". Bitconnect Tokens were tied to the value of how the trading bot was doing. But since the trading bot had just been shut down/never existed, Bitconnect tokens effectively had 0 value. People started to realize this, they sold off their share, resulting in the value of Bitconnect Tokens dropping 90% in less than an hour. Many people lost everything they put on the website, causing mass selling of assets.
Worth noting that the "trading robot" never existed, and it was essentially a ponzi scheme. The only difference between these jokers and the wazua bitcoin clown is that they are real loosers with actual cash invested in Bitcoin. I pray for them and their families
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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deleted If Obiero did it, Who Am I?
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:Swenani wrote:Have a look at your fellow investors Quote:Bitconnect was a website that was heavily advertised throughout social media platforms such as: Facebook, Youtube, and Twitter. This website allowed people to put their money in a "Trading Robot", which supposedly was able to produce returns better than the average daytrader.
This trading robot at the beginning was making returns of "1% daily", which others advertised to their friends. Friends put their money into Bitconnect, under the impression that the bot would make them money, would convince others to join the bot.
Then when Bitconnect had around ~$3B USD worth of capital, their website suddenly shut down. They announced that they were shutting down their lending platform and any balances on the website would be refunded in a currency: "Bitconnect Tokens". Bitconnect Tokens were tied to the value of how the trading bot was doing. But since the trading bot had just been shut down/never existed, Bitconnect tokens effectively had 0 value. People started to realize this, they sold off their share, resulting in the value of Bitconnect Tokens dropping 90% in less than an hour. Many people lost everything they put on the website, causing mass selling of assets.
Worth noting that the "trading robot" never existed, and it was essentially a ponzi scheme. The only difference between these jokers and the wazua bitcoin clown is that they are real loosers with actual cash invested in Bitcoin. I pray for them and their families Bugger has spoken atleast. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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I always warn people on doing due diligence. Once you have mastered the skills necessary to separate wheat from chaff you can't complain . Cryptocurrency is here to stay. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 11/7/2017 Posts: 186 Location: Nairobi
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obiero wrote:Swenani wrote:Have a look at your fellow investors Quote:Bitconnect was a website that was heavily advertised throughout social media platforms such as: Facebook, Youtube, and Twitter. This website allowed people to put their money in a "Trading Robot", which supposedly was able to produce returns better than the average daytrader.
This trading robot at the beginning was making returns of "1% daily", which others advertised to their friends. Friends put their money into Bitconnect, under the impression that the bot would make them money, would convince others to join the bot.
Then when Bitconnect had around ~$3B USD worth of capital, their website suddenly shut down. They announced that they were shutting down their lending platform and any balances on the website would be refunded in a currency: "Bitconnect Tokens". Bitconnect Tokens were tied to the value of how the trading bot was doing. But since the trading bot had just been shut down/never existed, Bitconnect tokens effectively had 0 value. People started to realize this, they sold off their share, resulting in the value of Bitconnect Tokens dropping 90% in less than an hour. Many people lost everything they put on the website, causing mass selling of assets.
Worth noting that the "trading robot" never existed, and it was essentially a ponzi scheme. The only difference between these jokers and the wazua bitcoin clown is that they are real loosers with actual cash invested in Bitcoin. I pray for them and their families You really hate Cryptos ......
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Rank: Elder Joined: 6/23/2009 Posts: 14,243 Location: nairobi
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Stiffler wrote:obiero wrote:Swenani wrote:Have a look at your fellow investors Quote:Bitconnect was a website that was heavily advertised throughout social media platforms such as: Facebook, Youtube, and Twitter. This website allowed people to put their money in a "Trading Robot", which supposedly was able to produce returns better than the average daytrader.
This trading robot at the beginning was making returns of "1% daily", which others advertised to their friends. Friends put their money into Bitconnect, under the impression that the bot would make them money, would convince others to join the bot.
Then when Bitconnect had around ~$3B USD worth of capital, their website suddenly shut down. They announced that they were shutting down their lending platform and any balances on the website would be refunded in a currency: "Bitconnect Tokens". Bitconnect Tokens were tied to the value of how the trading bot was doing. But since the trading bot had just been shut down/never existed, Bitconnect tokens effectively had 0 value. People started to realize this, they sold off their share, resulting in the value of Bitconnect Tokens dropping 90% in less than an hour. Many people lost everything they put on the website, causing mass selling of assets.
Worth noting that the "trading robot" never existed, and it was essentially a ponzi scheme. The only difference between these jokers and the wazua bitcoin clown is that they are real loosers with actual cash invested in Bitcoin. I pray for them and their families You really hate Cryptos ...... I have no problem with Cryptocurrency but people who peddle it.. What product does it sell to earn a profit? People say that it's like gold or platinum but those have utility value.. These exchanges are frauds that have very little mainstream attention even in their place of origin
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