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RE: BitConnect Ponzi Finally Collapses : Exactly As Predicted
It's completely incomprehensible to me that Bitconnect still has a market capitalization of nearly $ 400 million. A company without a business and without a serious business concept is valued at 400 million, you have to imagine that. That is one third of Steem's market capitalization.
The people out there doing Technical Analysis while ignoring Fundamentals would have seen BitConnect as "Oversold" and bid it up from the lows, giving us the dead-cat bounce. Others who were burnt are probably thinking it's not worth selling and will just HODL and hope.