Quote from: zintips on December 08, 2017, 01:19:08 AM

Quote from: SickMetaGame on December 08, 2017, 01:09:30 AM

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.

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Daily interest is not guaranteed but % of the daily arbitrage profits of the buy-sell of BTC by bitconnect. Bitconnect keeps 20% and 80% is shared among the lending wallets as a % interest in USD on a daily basis, not on BCC coin. The staking wallet, a bigger fiasco, with my first hand experience they do not pay the BCC coin as interest as the say!

You clearly missed the point in that whole story, do you understand if you have a bot trading for 23 hours of that day and having 1.55% in profit on the increase, why wouldn't it tap out instead it lets daily interest slide all the way down to 0 because price moves down to the day starting point and now all of a sudden CONTINUES to pay out same rate interest but price kept going DOWN. It didn't go up it finished a day in negative.

This daily interest graph always corresponds 1:1 to price movement. So here is what BCC is selling you, we have a trading bot that can predict bitcoin price movement with the second accuracy but we never tap out plus we need YOUR BCC (Depo BTC and buy some) to help us make MORE MOOLAH!

Paying 1.48% interest on a 20% day is a huge joke though lol.