Bitconnect Is A Scam - Red Flag #2: No Exchange Support, aka "Completely Fabricated Market Cap" - Dark Pools Don't Define Liquidity

You can't run your own effectively-dark-pool exchange and expect others to believe the market cap resultant from your "price discovery".

However, that is exactly what Bitconnect is doing, and I don't know why CoinMarketCap considers it legitimate.

Here you can see that over 91% of BCC trading takes place on the internal BCC exchange:

Not cool, Bitconnect.

This is not a normal situation. Even Iota, the most thinly spread of the top cryptocurrencies as far as exchanges are concerned, does not rely on its internal exchange so heavily:

What would happen if the Bitconnect Exchange went off-line, or the website?

My guess would be a flash crash.

I bet it might look something like that.

Eventually, this is exactly what the Bitconnect chart is going to look like. However, it's not going to stop at $13.

Stay tuned for Part 3, where I make fun of anyone using the term "down-line" un-ironically.