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Story - BitConnect Shuts Down 0:05
https://bitconnect.co/system-news/94/changes-coming-for-the-bitconnect-system-halt-of-lending-and-exchange-platformI have finally broken my silence on this.
For the last year I would say, tons of people have asked me about BitConnect, what I think to it and whether I would do a video on it.
I have categorically refused to talk about it at all.
When someone would ask me about it on a livestream I would just not comment positively or negatively.
Energy flows where attention goes remember and I chose not to give BitConnect any energy.
It doesn’t seem like much of a coincidence to me that on the day we had one of the biggest market corrections we’ve seen, BitConnect would bring a halt to their platform.
The reasons they give for this are:
Bad Press
Cease and Desist letters from local governments in the US
Constant DDoS attacks on their servers disrupting their service
They are closing their exchange and lending platform but keep the website up to provide wallet services, news and education.
The BitConnect coin will still exist however at time of recording:
https://coinmarketcap.com/currencies/bitconnect/BitConnect is trading at $14.98, which is down 93% from 24 hours ago.
Despite all this, they are continuing with their bitconnectx ICO:
https://bitconnectx.co/This is a brand new cryptocurrency, bccx. That’s ballsy, very ballsy.
Unfortunately bitconnect were targeting people who were both naive and wanted to get rich quick, which is one and the same really.
I often say “It takes 10 years to get rich quick.” Which means you spend 10 years learning, preparing and growing and then you’re able to make money fast.
But that comes from what you have become, not from some secret sauce or scheme.
You can have a million dollars in the bank, but that doesn’t make you a millionaire. A millionaire had the skills to make a million, which means if they lost it, they still possess the skills to make it again.
Story - GDAX Will Open BCH-BTC Trading Pair Today at 9 am Pacific Time 4:18
https://twitter.com/GDAX/status/951863685533741057Then according to the official GDAX status page:
https://status.gdax.com/This is a staggered release.
Post only means you can place an order that everyone can see, but it will not be processed.
That gives all traders time to see what the rest of the market is going to do, so they can adjust their orders. Other trades will adjust their orders in response, and back and forth.
This will all happen on paper until there’s somewhat of a consensus on what the opening price wi
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https://www.youtube.com/watch?v=Ou2cUxG87YY