Bitconnect dudes are having a nice time now spending that millions they have taken away from all that IDIOTS who was believing in FREE MONEY and fairy tales. Me and many other people on this forum were predicting that this huge ponzi scheme will collapse soon, but nobody was listening and here is the RESULT !
Am I the only one who worked out that Bitconnect are profiting hugely from the lending rates (they are paying people less money than the growth of their coin)? As long as they can predict the growth, they can afford to give these interest rates and profit from them. Even the minimum rates for higher deposits (0.25% daily bonus for highest deposits) are not excessive, since they do actually get interest from the BCC itself that members deposit of MORE than this rate (8% per month staking interest currently is built into the coin and members give this growth up too when lending into USD and locking it away for a period) but this should be paying the affiliates and that is where their massive reserves of BCC come in and they are gaining lots of interest there! This platform is not a ponzi, they are making profit. I keep trying to explain to people on here, but they don't understand. While they can stabilise the coin price and not make it reduce in value (which their platform is well set up to do), they can make money for both themselves and the investors without even having any bot trading for them which is the ironic thing about their marketing.
I actually feel a bit bad for selling my 30 tokens I bought for 0.008 for 0.021 (made $1600 profit) as they are now worth a lot more (could have made an extra $1300). Anyway, I'm now going to deposit the profit into bitconnect AS IT IS NOW OPERATIONAL AGAIN. I'm guessing there will be some angry people who are currently suspended who accidentally withdrew too much due to the bugs but they are probably doing the right thing allowing access to people who didn't have any problem with that.
As I said before, you are making up facts that don't make sense and you don't know are true. It isn't that hard for Bitconnect to prove they are solvent and have a trading bot. Since they can't do that, it's perfectly logical to assume they are
not solvent and their bot does
not exist. Go ahead and dump more coins into it if you want, but don't go claiming you've "worked out" how they are profitable when you do not have proof.
If the facts he pointed don't make sense, maybe you will be more helpfull and tell us exactly which of them don't make sense and why? Or maybe you just don't understand what he says and simply say that because it's easier?
Guys, take a moment and simply try, just try to understand that. AGM76 is writing about those facts since a week or so. He is patient. But there is absolutely no reaction here other than insulting people who want to say something wise. You simply don't want to listen and prefer to repeat the ponzi shit. Why? Because it doesn't require you to think. It's easy. I know.