As many of you may already know an absolute bombshell has hit myself and the rest of the BitConnect community with the recent announcement that BitConnect will be ending its lending program, this came about in a rather abrupt way and with no prior notice, on 16.1.2018 BitConnect released this statement, BitConnect has since refunded peoples capital with BCC at a price of $363.62 but since then BCC has nosedived and is currently worth $5.69 (according to coinmarketcap) and looks like its heading lower so people have lost a lot of money.
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People are speculating as to why this has happened we have one side saying that it was a exit scam and has been all along and we have the other side saying that the constant DDos attacks, cease and desist orders and bad press forced BitConnect to stop its lending program, whichever way i don't think we will ever know, in my opinion; however irrelevant it may be, is that the existing power structures i.e. governments, banks, the ruling class etc decided that BitConnect had become too big and was growing too fast and had to go and so made business for them impossible although i did not expect BitConnect to fold so quickly.
I have accepted that i have lost money, i had $3610.00 in loans which is not a great deal especially when in contrast people such as Trevon James had between $630,000 - $700,000.
Thanks for reading and if you found this interesting consider upvoting, following and resteeming.
P.S. If you are interested in buying or selling Steem why not check out Changelly.
P.P.S. If you would like to learn more about BitConnect or sign-up for an account check out my Minds blog here.
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