Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency
by
SickMetaGame
on 08/12/2017, 01:09:30 UTC
Hello there,

I have seen many references that interests are based on the bot trading but this is not the case. The other night I was looking at the daily interest chart in real time as coin started going down, around 7pm from 1.5% profit day down to 0 but here is where the funny part happened, as the price continued to plummet BitConnect all of a sudden started paying out daily interest again and finished day with ~0.70% interest despite it moving from positive 1.5% into negative in the matter of an hour.

So either BitConnect has the most retarded bot in the world (not the case) or there is no bot and your daily interest is just depending on the price going up and down. Clever way to code it but not very sophisticated, I bet many people were fooled thanks to the "negative" day interest payments.

//Edit

Personally, I think bot trading is what many previous "ponzi-callers" have already outlined that whenever you lend your tokens to the platform, their internal BOT moves your tokens back to the exchange for sale but your daily interest is based on the "VOLATILITY SOFTWARE" which is nothing more than a coded graph that checks for the price movement from the day starting point.

In the nutshell, Bitconnect didn't lie, they just didn't give you enough details and left everyone guessing into whatever they wanted to believe it is.