RE: Breaking news: Bitconnect say they will pay back all their investors in Bitconnect coins, not Bitcoin. Edit: bitconnect price now down 88%
@swissclive Bitconnect is an example of what users need to invest their money wisely. By exchanging bitcoins for users on their coins that they could print endlessly, they created a simple fraudulent scheme. Sorry people who lost their money.
But most importantly - that there were people calling to invest in Bitconnect. Two famous YouTube players ... and they should be punished - for making deliberately false statements.
But as we can see, now the statements of the Chinese authorities have significantly reduced the capitalization of the Crypto-currency. Almost all promising crypto-currencies (Ethereum, bitcoin, ripple and many others) are already falling in value for the second day. Our stevedore crypto currency, too, is flying down. This is a shock to many investors.
But after looking at the graphs of the past years, you can be sure that this has been happening for several years. More precisely, this is the annual tradition, when at the beginning of the year the total capitalization of the kriptovalyut falls sharply. The only normal solution in this situation is just to wait.
I see how many inexperienced investors or traders panic in closing their positions. My opinion is that this should not be done. It is necessary to strictly adhere to your investment plan.
Thank you for the article