Hi all,

After a week waiting finally i have approved my steemit account.
Lets see how its working.
Today's main topic is bitconnect. Lot of people still dont believe that lending platform has stopped. And more people dont know why. All the people simply think they took money and runaway.
In my opinion its not true.
Bitconnect had a great run over last years mainly due to bitcoin price skyrocketing. And also price of bcc was high.
Within last weeks we have seen c&d letters from government on 2 states in US. Which cause stop of lending in texas and north carolina. Due to that fact a lot people start thinking twice before do another loan.
In middle of time price of bitcoin does not climbing like did for the past years.
Bitconnect advertising stopped a bit, many people stop lending, bad press started saying that is close to the finish of popular ponzi bitconnect.
For bitconnect price of bitcoin = money run out quicker than new lenders coming.
They had to stop before will be to late(cheaper bitcoin price/less people investing).
Now they still have some(millions) money left they will try to repay some late investors to recover loss but for sure that will not be 100% of amount.
If there would be no government intervention adn price of bitcoin would still climb we would see a very profitable 2018 for bitconnect users.
I feel sorry for people who lost much.
I would recommend dont sell tokens for ridiculously cheap price, we may have see some good news coming...

This is not a financial advise.
The whole text is only my way of thinking.
If You think differently let me know in comments area.
Regards
Sienio