Crypto currency Bitconnect (BCC) plunged from $321 to a tad over $35 today, a drop of more than 86% after regulators from state authorities issued cease and desist letters for unauthorized sale of securities. That's right. Just because your shit is on the blockchain, that doesn't mean you get to solicit your fucking Ponzi scheme to people in America. State regulators will have something to say about that. Via the company's website, as per the reasons for shutting down.
Quote :
The reason for halt of lending and exchange platform has many reasons as follow: The continuous bad press has made community members uneasy and created a lack of confidence in the platform.
We have received two Cease and Desist letters, one from the Texas State Securities Board, and one from the North Carolina Secretary of State Securities Division.
These actions have become a hindrance for the legal continuation of the platform. Outside forces have performed DDos attacks on platform several times and have made it clear that these will continue. These interruptions in service have made the platform unstable and have created more panic inside the community.
Price action. What did Bitconnect do? They quite literally ran a Ponzi scheme. Look at one of their brochures, promising investors 40% returns, PER MONTH.
!! FOXTROT JULIETBRAVO !!
researcher Admin
Posts : 14660 Reputation : 962 Join date : 2011-08-13 Age : 72 Location : San Diego
Subject: Re: BitCoin Crash – Weeping And Gnashing Of Teeth Going On Today Wed Jan 17, 2018 2:54 pm
Aaaaannnd . . . . IT'S GONE!
https://www.youtube.com/watch?v=4TlPo0yCSa4
!! FOXTROT JULIETBRAVO !!
michael371 Super Elite
Posts : 2800 Reputation : 140 Join date : 2012-01-04
Subject: Re: BitCoin Crash – Weeping And Gnashing Of Teeth Going On Today Wed Jan 17, 2018 3:59 pm
PT Barnum had it right....it constantly amazes me just how damn stupid people are.....i mean dumber than a bag of shit
Guest Guest
Subject: Re: BitCoin Crash – Weeping And Gnashing Of Teeth Going On Today Wed Jan 17, 2018 7:38 pm
OH WELL, JAN WASN'T IN THE CARDS .. coins!
THIS WAS THE SAME AS MONEY FROM THIN AIR... WHAT'S WRONG WITH THESE PEEPS??? MK ULTRA??
SHEESH!!
GET A GOLD PAN GOT A BUNCH, A SLUICE BOX, A COMPASS X100 DETECTOR (1988") still beats others!!,, and JUST GOT A GARRETT PRO-POINTER AT FOR CHRISTMAS! YEAH STILL DOING IT AND STILL LOVE IT!
https://www.findmall.com/read.php?56,555791
Guest Guest
Subject: Re: BitCoin Crash – Weeping And Gnashing Of Teeth Going On Today Wed Jan 17, 2018 7:45 pm
SOME THINGS IN LIFE ARE NOT FOR SALE... GOOD GUITAR, COMPASS DETECTOR SCHWINN SWEET SPOT 61 CORVETTE FUELIE IN HONDURAS MAROON GOOD VINTAGE MODEL BOATS AND PLANES BUT MY OPINION / ADVICE & KNOWLEDGE (if interested) IS ALWAYS FREE.
MY CUTTING TORCH, SAW AND WELDER ARE ALWAYS READY!
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Subject: Re: BitCoin Crash – Weeping And Gnashing Of Teeth Going On Today
BitCoin Crash – Weeping And Gnashing Of Teeth Going On Today