Of the “Passive Income Platforms” (PIPs) we’ve studied so far here at the site, Bitconnect holds the most promise. And it also jolted the marketplace a ton in the past 24 hours; the resulting blowback has left more than a few cryptocurrency enthusiasts with a ton of questions.
First, the BCC Currency Dropped
It since recovered, but the resulting shock might have done something to the Bitconnect platform – separate from the coin, the platform is where you can loan money to BCC and have them invest it on your behalf in their “volatility software.”
Earlier today, an “Site Maintenance” message greeted visitors. Now, the site is back, but the dashboard for users of the software will be down until Sunday the 27th; here’s the message they shared with visitors just now.
If you’re looking for a message that will inspire a little bit of confidence in the system, this really isn’t it.
Welcome. To. Crypto.
Honestly, this is all becoming par for the course – and I should be harping on the message over and over that you should do your own research and don’t put all your eggs in any basket and seek the advice and counsel of investment professionals and tax advisors.
We had thought that Bitconnect having its own coin would help with its long-term stability; we’ll need to wait and see if they can use their coin, their trading bot, and their website to make us at least a little more confident in the service.