You cant give xxx percent guaranteed on trading bots, nobody can do that. Thats the whole reason everyone knows its a ponzi. Look at some banks, they give guarantee interest if you put money in their bank. Very small percent, they say its garantuee so they give end of the year garantuee. You know why banks can do that? Because they give out loans for higher percent so they can back it up. You ever read about long term savings for 10+ years that has included trading volatility that banks can give out 5 to 15% interest? They will always say its depends on the market so they never put in the contract you can make garantuee 5 to 15% interest/gain. You can even lose money they will tell you.
Bitconnect is another case. How the hell can someone predict 100% the market?
Please ask yourself "if tomorrow the market collapse, do they still garantuee to give you that percent? If they can then its money from elsewhere and not from trading. Thats means ponzi
Of every dollar that is beeing deposited on the bitconnect platform 50% goes to the affiliate program 25% go to a trading bot and 25% will be held in a wallet where they distribute the funds to investors in case the trading bot doesnt make any profit
There you have it, affiliate program. Without that program they dont earn money. So basically they garantuee they find new people to join Bitconnect. What if they cant? What happen if they cant get more people into Bitconnect? By getting people joining and they need to get other people joining its multi level marketing. Pyramid style.
If you still dont get it, then its fine. I also, like the others here want to warn people because I have experienced being scammed in all kind of ways in the crypto world, thats all. (check my history postings, all got scammed and learned a lesson)
Multi-level marketing
From Wikipedia, the free encyclopedia
Multi-level marketing, abbreviated as MLM, also called pyramid selling,[1][2][3][4] network marketing,[3][5][6] and referral marketing,[7] is a controversial marketing strategy for the sale of products and/or services where the revenue of the MLM company is derived from a non-salaried workforce (also called participants, and variously known as "salespeople", "distributors", "consultants", "promoters", "independent business owners", etc) selling the company's products/services, while the earnings of the participants is derived from a pyramid-shaped commission system.
Although each MLM company dictates its own specific "compensation plan" for the payout of any earnings to their respective participants, the common feature which is found across all MLMs is that the compensation plans theoretically pay out to participants only from the two potential revenue streams. The first stream of compensation can be paid out from commissions of sales made by the participants directly to their own retail customers. The second stream of compensation can be paid out from commissions based on the sales made by other distributors below the participant who had recruited those other participants into the MLM; in the organizational hierarchy of MLMs, these participants are referred to as one's down line distributors.[8]
MLM salespeople are, therefore, expected to sell products directly to end-user retail consumers by means of relationship referrals and word of mouth marketing, but most importantly they are incentivized to recruit others to join the company as fellow salespeople so that these can become their down line distributors.[5][9][10]
Studies by independent consumer watchdog agencies have shown that between 990 and 999 of every 1000 participants (i.e. between 99.0% and 99.9% of all participants) in MLMs in fact lose money.[11][12]