The sketchy crypto coin and lending platform Bitconnect has finally gone bust!
Just $400 per 1 unit of BCC a few weeks ago, down to $15 today, and still dropping.
Their website and subreddit are offline:
You can still get an idea of the damage by checking out BCC on Coinmarketcap site here. Also read more about it at this article.
Many youtubers were promoting Bitconnect with their referral links, many came across as spammy, for such a scammy pyramid-style setup that Bitconnect was. Users like Craig Grant, Trevon James & CryptoNick, c’mon fuckers, you knew exactly what you were pushing! Quit pleading innocence on this! 😡
The shameless BCC holders hitting HitBTC trollbox with comments like “Buy BCC!!!” or “hold your BCC it go back up”, “HODL BCC”, but if you have a brain in your head, you know better than to touch it with a 10 foot pole.
Here is a 1hr+ video of Coinbase founders Fred Ehrsam and Brian Armstrong answering questions from Twitter users and followers. Some interesting answers, information and perspective from the guys at the top of Coinbase 🙂
Also read the thread on Bitcoin Talk about it here.
The only problem is that currently Chinese law forbids digital currency to be used for anything other than online things. (ie: gaming, gambling, etc etc).
Talk about strength in numbers, well China is where it’s at! Imagine the power that the Bitcoin can gain with strength in numbers from a country like China. It reminds me of that 12th season episode of Southpark where Cartman is having a nightmare about the Chinese people taking over the world LOL.
Mtgox CEO Mark Karpeles is in this Reuters video interview explaining his opinion about how the Bitcoin value fluctuates and what is needed to take the Bitcoins to the “next step” and raising it’s value. He seems very realistic, even explaing that BTC is possibly a risky investment, but that also it’s a sure thing in the long run.
Here’s a cute youtube video parady about Mt. Gox crashing due to the DDOS, mentions of Bitcoinity and ClarkMoody also being down, and how “I could’ve had it all” a parady from Adele’s song “We Could Have Had it All”. Pretty funny and entertaining.
“I Could have had it all” Mtgox/Adele parody
The “You’ve been goxed” image is included in the video too.