But the question is, the floor to take money to pay investors when each month to pay interest from 30% -40%. And what has been said so far is that, when there are enough "sheep", the floor has the risk of "collapse". The temporary closure of the bitconnect floor caused the virtual currency market to fall, dropping dozens to several tens of percent. In addition, the announcement of a strong solution by the Chinese government, South Korea will control the trading of virtual currency, which also makes the price of virtual currency in the market crash. Because China and Korea are now two countries with a virtual currency market in general and bitcoin in particular the world.
I agree with the assessment as far as Bitconnect is concerned though the coin is right now recovering a little bit What has been stopped is the lending program but the cryptocurrency will always be there. They can still launch many programs that can compensate the lending portion though it can be an uphill battle from here on. It will be interesting to watch if BCC without the lending program can be able to survive. As for the assessment that South Korea and China will control the trading of virtual currency, I would leave that on the table because that might not happen soon.
