Quote from: Gleb Gamow on September 07, 2017, 03:35:44 AM

Quote from: stupido656 on September 07, 2017, 03:08:18 AM

Quote from: Gleb Gamow on September 07, 2017, 02:35:24 AM

Quote from: stupido656 on September 07, 2017, 02:20:58 AM

Quote from: Gleb Gamow on September 06, 2017, 08:31:13 PM

Quote from: oportunis on September 06, 2017, 12:53:12 PM

Quote from: bitChipper on September 06, 2017, 12:39:21 PM

Quote from: AGM76 on September 06, 2017, 07:41:40 AM

Was just reading the Gunbot thread and the author says in a recent post the average profit is 1% daily... that seems to coincide with bitconnect's claim. Or is Gunbot not really profitable despite everyone claiming it to be?

(just noticed bitconnect changed their login so that people can't bypass the reCaptcha any more when logging in - they used to allow logging in on the top right of their pages without it)

i think that institutional bots even have a hard time yielding the type of returns bcc is offering, after keeping up on this topic off and on im starting to think they may not even have a bot at all.

https://www.youtube.com/watch?v=2ob_tNKuhIQ

this could end badly for a lot of people, to anyone thinking about "lending"...just buy BCC itself and stake it. atleast then your in control of your money

The gunbot you have in quotes is real and it makes 1 or 2% daily, of course sometimes you have a loss, sometimes you have bigger profit, but on average they make about 1-2%. You can read their thread it is here on the forum also.

Institutional bots on crypto are not there yet as institutions are not investing massively into it... So if they have a bot that is close to gunbot they can easily achieve 1% on average daily... The only company or institution I see is trying to create a bot is Rialto (they also have a thread here). And they are focusing on arbitrage, so plenty of room in crypto for bots and institutions...

Holy shit, Batman! BitConnect's Magical Mystery Bot outperforms James Simons' hedge fund thingy, the most profitable hedge fund thing in the world.

Renaissance's flagship Medallion fund, which is run mostly for fund employees, "is famed for one of the best records in investing history, returning more than 35 percent annualized over a 20-year span". From 1994 through mid-2014 it averaged a 71.8% annual return. Renaissance offers two portfolios to outside investorsRenaissance Institutional Equities Fund (RIEF) and Renaissance Institutional Diversified Alpha (RIDA).

You can't compare the gains of a several hundred billion dollar hedge fund to a individual trader with a few hundred dollars to invest with or BitConnect with a few hundred million if even that. The hedge fund is not looking at small markets where the biggest profit is to be made because it would be such a waste of their time when they can't invest more than 0.0000001% of their capital on it.

The reason BitConnect or a hedge fund would not use a gunbot like this is because yes it could make 1%-5% daily profit, but with max 10 grand. There would be no extra profit running it with 100 million, 100 billion, 100 quadrillion it would still only make 1%-5% on the 10 grand. And if you tried to run 1 million of theese bots they would just compete with each other so there would be no benefit in that either.

What I was alluding to is that some unknown ying-yang from parts unknown created some magical bot that outperforms trading bots build the likes of James Simons who invested tens of millions, if not more, in their proven programs.

Again, exactly what is BitConnect trading so to afford doling out 1% interest a day? I've already shown that it's not the bitcoins they've amassed over the past year or so, for those remained stagnant, not trading anywhere, currently sitting in cold storage.

It is a little bit different building a trading bot for cryptos and the stock market, the stock market is 440 times bigger than the crypto market and therefore you could assume the competition is 440 times harder aswell.

What if this super advanced magical trading bots strategy been to just HODL bitcoins and that is why the bitcoins have not moved? It have been quite right so far if you look at how the bitcoin price been going up this year even if the profits in some alt coins would have been better.

But more likely the only reason BitConnect is not bankrupt yet is because of the miracle run Bitcoin have had this year. Also when people buy their shitcoin the BitConnect token, BitConnect makes profit too. Offering a shitcoin like the BitConnect token is not really a scam. I could create my own Dogshit coin and start selling them for 1 grand each and it would not be a scam if some idiot bought them. Like they say, the one who ask is not stupid but the one who pay.

The reason BitConnect can offer 2% daily interest is because for you to be able to enter the 2% daily interest you need to buy their Dogshit first. Just like I could double your money if you tripled my money first, BitConnect is not a scam, its just a bad deal people decide to take.

If you could invest and earn 2% daily interests on your Bitcoins or USD without having to buy their shitcoin first and getting paid in their shitcoin then BitConnect would be a ponzi/scam.

Now I understand. In essence, I could create an GoatShitCoin (GSC) and CLAIM that I have a Magic Bus Trading Bot in guaranteeing a 3% compound interest every 12 hours. Why? Because this is crypto!

http://i.imgur.com/DiWD7Ue.jpg
"Thanks to Craig "NOW" Grant and Trevon James, I, too, am a BitConnect Superman!"

Essentially yes, you could tell people you pay 3% compound interest every 12 hours on their dollars but for them to enter they need GoatShitCoin and when they want to exit you pay them only with GoatShitCoin. And conveniently you are the creator of GoatShitCoin who premined a shitload of GoatShitCoin.

Now the price of the GoatShitCoin will increase if the amount of people entering is greater than the amount of people exiting so you create a sick referral program that pay people alot of GoatShitCoins. And eventually when things turns around and the amount of people exiting start to become bigger than the amount entering you can samiply shut down and stop taking new loans and pay everyone their capital back, all their interest in advantage and a extra 100% bonus but everything in GoatShitCoins of course of which you own 80% so this is not a problem.

People will start selling their GoatShitCoins for Bitcoins and the price of GoatShitCoins quickly drops to 0$ and most people end up empty handed with only worthless GoatShitCoins but no one got scammed, was their own fault they bought GoatShitCoin in the first place. And now you are a billionaire in best case scenario, you are anonymous and you did not break any laws so the FBI have no interest in finding you, alot of dumb haters who still don't understand they did not get scammed even though they lost their money would probably want to kill you but luckily they will not find you because you are living on your own paradise island like Richard Branson and still remain anonymous.

Only way one could argue BitConnect is a scam if they consider all POS(proof of stake) and other interest paying cryptos a scam. Or if they consider 1000$ Yeezys a scam because they cost a fraction of 1000$ to make.