Bitconnect price action

The U. It was one of the most prominent crypto Ponzi schemes that ran from January to January However, the space was still young enough and with the bull market starting in , a good number of investors got caught up in the scheme. What followed was a stretched-out lawsuit against founder Satish Kumbhani and accomplice Glenn Arcaro. Now with the case coming to an end, the Department of Justice is set to auction off some of the seized cryptocurrencies to reimburse those who were affected by the scam. On Tuesday, the U.



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WATCH RELATED VIDEO: CORRECTION or BEAR MARKET? (SPX, NDX, DJI, RUT, VIX, BTC, ARKK)

Bitcoin investment scam: Promoter of BitConnect held


Just kidding New bear market is coming. Have fun shitcoin hodlers. Shilling useless shitcoins doesn't make a guy like me "euphoric" and I don't feel any kind of "FOMO". Good luck! Very complicated chart I needed 5 seconds to draw it.

I have yet to witness such an extreme bulltrap in BTC's history. If you can find me something similar please show it to me. If we're currently at the top of Wave B the final wave down is going to be like watching a horror movie. You've been warned. I know it's not a "textbook" rising wedge, but all three tops had similar sell offs. Bulls with less 1 yr old account are coming here and spamming my profile.

Kinda goes along with my TA here. We had a false breakout recently at roughly 34k and my hope for super bullish move is kinda gone now. I still don't think I wanna take any trade here, too risky for my taste. Expecting short sellers getting their accounts liquidated in this area. Most traders are shorting this and think exchanges will allow them to profit all the way down to 20k region. All those ppl that didn't have balls to short 60k with me are now opening shorts with confidence.

This will take us down to 14k. I could be wrong and this is only a sideways action before the elevator down, but I'm not a fan of trading setups that look too easy. Imo they're making it look boring and not exciting on purpose so the bears get too relaxed and then surprise them with some kind of scamwick or Everything is on the chart. All the shillers, youtubers were saying "as long as we are above 20 weekly MA" we're still in the bull market.

Now that we're below it no one talks about it anymore. Isn't that interesting? So far so good. Some features in the bars seems to play out inverted, when comparing it against the old print. I have a Longdong position 25X from I also opened a new long from Past proves future Future proves past Up is down Down is up.

Fib transition to 2. Short the red area. Get started. Predictions and analysis. Videos only. We're going to k. Bulltrap top. ABC correction down to crypto abyss. Lets see if it plays out again.

Looks like Descending triangle now. Pump incoming. Collapse more likely. Is it gonna happen again? Most realistic scenario. Past proves future 2. Past proves future. Bitcoins Monthly Fibo Transition. Bixley Pro. Show more ideas.



Bitconnect Pumper Trevon James Claims the Bitcoin Price is Going to Zero

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BitConnect, an anonymously-run cryptocurrency lending and exchange of the token's price over the last 15 days), the Bitconnect token is.

BitConnect Price Chart

Interested in the future of cryptocurrencies? Learn about Bitconnect crypto coin! Bitconnect may very well be the future of cryptocurrencies and blockchain. Get to know it in this app - free full mini-course. It is an open-source, all-in-one bitcoin and crypto community platform. BitConnect can be used as long-term investment, or as a loaning mean. It is more advanced and performs better than the popular Bitcoin. Translate to English.


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bitconnect price action

The platform had developed its own proprietary trading bot and volatility software that would automatically spot market opportunities. BitConnect utilized a tiered structure that promised varying returns that were dependent on the deposited amount:. However, this also meant that the money a user deposited could not be retrieved throughout the duration of their investment. BitConnect as well as its native coin BCC ultimately went under at the beginning of after multiple cease and desist letters. How the company came to be, who founded it, and what ultimately led to its demise will be covered in the next chapter.

Official websites use.

Alts Have Been Underperforming Expectations … For Now

A promoter of BitConnect, a cryptocurrency platform that shut down earlier this year after allegedly duping investors of crores of rupees, was arrested today by the Gujarat CID from Delhi airport, an official said. A look-out circular was issued against him. It remained active till January this year. It released 2. The alleged scam came to light after Surat-based builder Shailesh Bhatt alleged that some policemen from Amreli district kidnapped him and his business partner and extorted cryptocurrency or Bitcoins worth Rs 9 crore from them. Bitcoin is a form of digital currency which is not regulated or recognised by any of the Central banks.


U.S. SEC charges BitConnect founder with $2 bln cryptocurrency fraud

The U. Section 15 a of the Exchange Act requires securities brokers to be registered with the SEC or, if they are individuals, to be associated with a brokerage firm registered with the SEC. Anyone looking to promote a digital asset should proceed with caution because such actions may constitute a sale of a security. Trevon Brown et al. Y May 28, Daniel is an experienced litigator of complex commercial, securities, and construction matters in state and federal courts and before various arbitration forums. Daniel represents both plaintiffs and defendants in a variety of business and securities-related litigations, including commercial torts, contracts, shareholder derivative actions, class actions, and common law and statutory securities fraud actions.

guidance, enforcement actions, and private action filings than all of price of Bitconnect in US dollars and in Bitcoin immediately.

Bitcoin Rejects From $8k Resistance, Bitconnect 2.0? Bullshit!, Sending Bitcoin Via Whatsapp

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Bitcoin wallet and exchange

RELATED VIDEO: Price Action Trading Was Hard, Until I Discovered This Easy 3-Step Trick...

This post contains affiliate links and I may receive compensation when you click certain links. They announced that they were shutting down their lending and exchange platform on the 21st January And by the end of the year, BitConnect was no longer available to trade on any cryptocurrency exchange. It was now worthless.

Times Internet Limited.

The U. The Justice Department said the liquidation of the cryptocurrency follows "the largest single recovery of a cryptocurrency fraud by the United States to date. That scam is alleged to have swindled thousands of people in the U. Instead, "BitConnect and Kumbhani siphoned investors' funds off for their own benefit, and their associates' benefit, by transferring those funds to digital wallet addresses controlled by Kumbhani, Arcaro, other promoters, including the Arcaro Promoters, and other unknown individuals. The cryptocurrency being sold was seized from 20 digital wallets controlled by Arcaro, who pleaded guilty Sept.

The seal of the U. Expanding a civil case announced in May, the U. Securities and Exchange Commission charged BitConnect founder Satish Kumbhani, an Indian citizen, with lying about BitConnect's ability to generate profits, and violating registration laws meant to protect investors.


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  1. Arlyn

    I think you are not right. We will discuss it. Write in PM, we will communicate.