that's right, Bitconnect is officially dead!
But not in the way that everyone thought it would be, in reality Bitconnect is actually fading away, now correct me if I'm wrong but as of right now they have ceased their lending operation but are keeping their other platforms working. Now right now they're not allowing people to convert their BCC into Bitcoin or any other currency. Basically is what's going on right now is they have paused their platform rather than pull an exit scam. What is funny though about this platform is that many people said that they would just up and disappear without a trace. But that would not be in their best interest for them to do that.
You see the reason for that is because they still have a very wide audience of users who are still using their Bitconnect platform, and then you have the new Bitconnect X platform that they have recently created that they are still keeping it in a limbo state of existence. And they also have bad United States users from the new website. Well of course you can view the website but when you go to create an account it says no United States residents are allowed to create an account on this website so this means all US residents are screwed out of Bitconnect X. Not that that's a bad thing but if you're like me a simple VPN can unblock multiple restrictions which I find quite hilarious to be able to do and just have an account just because.
No you didn't hear that from me but yes some kind of mischievous when it comes to restrictions, no personally if you're thinking about just selling all of your Bitconnect coins please wait a while because right now the prices of drops, that it's not even going to be worse trying to sell them right now. Yeah you might get a few bucks but that would be it, so my personal recommendation would be to hold onto those tokens because I'm about 100% positive that they will rise back up in price as soon as the publicity is over. Now you can prove me wrong however you like to, but just remember this people running Bitconnect have not been thrown in jail, therefore they are freely able to operate publicly as long as they adhere to the orders of the United States cease-and-desist orders. In other words there are still ways that they can make Bitconnect profitable again and I do believe that they will attempt to do so. These people are best for advertisers and they know how to reach a very large audience, so trust me when I say the prices will most definitely go up at some point in time.
Now as of right now this is just my personal recommendation I'm not trying to give any financial advice that may screw you over in the long run, but I am just trying to tell people to play it safe and calm because if you panic during a rainstorm you're going to get wet.
So did I leave anything out? Please let me know in the comments below if I did & please give a thumbs up if you thought that anything I said was useful it would be much appreciated.