With all the recent uncertainty regarding Bitcoin's next major step in attempting to accommodate a crypto-currency ravenous world, many Bitcoin exchanges are putting plans on dealing with this change into action. It appears that Bitconnect will also be affected and will cease trading of Bitcoin/Bitconnect tokens from July 31 - August 3rd, 2017.
I think everyone is in 'precaution mode' and Bitconnect is no different except that this will cost many of the Bitconnect lenders 4 days of interest payments according to the Press Release put out by Bitconnect. Hopefully everthing goes smoothly for Bitcoin and its update that is happening very soon. If everthing turns out well for Bitcoin, then after August 3rd Bitconnect can go back to trading Bitcoin and paying lenders . Even if things don't work out the best, and Bitcoin does Fork, then Bitconnect will support both coins after the split.
Ultimately, this will be a big test for Bitconnect and its community. IF this is the SCAM that many think it is, this would be a perfect time for Bitconnect and its owner/s to pack their bags and run off with the loot. As we have seen with the recent CoinDash hack, several million dollars worth of Ethereum is enough for those hackers to run off into the sunset with their stolen goods. Bitconnect, I believe, has way more money involved, so if they are going to do something similar this would be a perfect time for an escape plan. I will keep my fingers crossed, hoping that all turns out well with Bitcoin and Bitconnect.
Full Steem Ahead!
07/20/2017
So You Want To Mine Bitcoin?
