Post
Topic
Board Altcoin Discussion
Re: UK threatens to shut down BitConnect
by
griffinxg
on 20/11/2017, 23:46:29 UTC
Also on top of that, they have reduced the pyramid from 7 tiers to 3 tiers and there is talk of reducing further to just a 1 tier system. They originally did the huge tier to get people interested and into the Bitconnect lending system. Now that they have proven that they can make good on their promises, they don't need to schmooze people to their system, people are coming on their on free wills to join up. I have been apart of the system since April of this year and have received my initial capital back, which I promptly reinvested. You can see a lot of videos on YouTube of others receiving their capital back after their maturity date. I have used this system and I have not one single person under me as a referral, nor did I signup under anyone's referral link. You can make money purely off of the daily interest. I can break it down into terms of how and why the system works, once you realize how the system is actually working your perception of what the system is completely changes. The genius behind this system and algorithm is crazy good and others are trying to copy Bitconnect, but fail trying.  

Let's say each potential investor only has 1BTC = $1K to invest, and everyone target a 36 months exit.  At 40% interested compounded monthly, in 3 years, that's roughly 200,000,000 Bitconnect $.  The "capital" in your possession is potentially meaningless.  The genius behind Bitconnect already got your 1BTC at ICO to give you the BCC, but they are not going to pay you BTC or USD to purchase back your BCC.  It's up to you to find 200,000 new $1K investor to unload your supposed wealth on.

They certainly have made good on their promise to provide people a platform to pay "real" money, BTC, to earn make-belief money.  To get out, you only need to get enough new investors in to fund your make-belief money.

Even the new "investors" are probably wise to this, but probably are taking the gambles that there will be enough suckers coming in behind them to fund their own exit.