Hello steemians this week is such a down week isn't it?
Bitcoin lost 50% of it's value after last time hit 20k and sinking below 10k lot of fears and tears coming from it. There is lot of factors that bitcoin slumping back to 4 digit like South Korean ban, Chinese exchange ban, and one of the most influencer is asian new year (lunar new year) lot of people known as chinese new year but it's not there is several country out there actually celebrating this event. Well doesn't matter let's back to the thing. The thing is i'm not worry about this crack, slump,sink whatever it is, this will eventually happen because bitcoin rose up too much last year beyond expectation right.
Netflix and chill
I think it's time to forget about bitcoin, netflix and chill if you have some relation with bitcoin, use your time with your family before you become busy again.
Oh and topic today i want to talk about is Bitconnect , Yeah finally it happened sorry for the investors truly. Bitconnect is biggest fraud business that influence lot of people in their scheme, in case you don't know. I wrote article about how scammy is it. If you didn't read link is here:
https://steemit.com/bitcoin/@ronnn/beware-of-connect-scam
Early birds and promoters....
If you are early investor or promoter you're totally fine with it right and for those people who influenced by them are probably crying around this time. Back in case around Jan 16 after being accused of running a Ponzi scheme on multiple occasions, BitConnect's development team announced on Tuesday that they shutting down their lending services and exchange for 5 days that's how start fear come from.
After shutting down their exchange things getting intense Bitconnect started become hacking victim. Come on everyone knows this trick but some people still don't guess.
Currently due to bitconnect exchange down bitconnect price hit ground around 14$ 90% down. It shows how much money circling around it's website. They talked about revive exchange system soon but it's good to be true. And trying to sell another scam coin Bitconnectx.
Guy who lost 500k to bitconnect...
And the one interesting and sad thing is one guy lost half million dollar to bitconnect. That is ridiculous really don't get how this guy brain work that's not even joke. I hope at least this guy learned something from it well it was worth half million totally not worth.