Quote from: dooglus on January 06, 2018, 07:51:58 AM

Quote from: oportunis on January 06, 2018, 01:08:25 AM

They can pay to investors from profit of the rise of BCC and BTC and that is without profit from a trading bot. Ponzi scheme works that you pay older investors with fresh investors, so no it's not a ponzi scheme...

And what if BCC and BTC fall in price? How do they pay the over 100% return per year that they are committed to paying, on arbitrarily large investments?

Quote from: oportunis on January 06, 2018, 01:08:25 AM

Also they do not guarantee anything

They guarantee 0.25% per day interest on any sufficiently large loan. Gains from the "trading bot" are on top of that guaranteed 0.25%.

Quote from: oportunis on January 06, 2018, 01:08:25 AM

And since they got 300k% profit from BCC and 10k% from BTC they can pay to investors for a long long time.

So you're saying they are dependent on BCC and BTC maintaining their high price? What if they both drop close to zero?

Quote from: oportunis on January 06, 2018, 01:08:25 AM

This is entirely new. So you can't compare this to past schemes as it is not the same... Money is there and payments are legit. The only thing that is enigma is the trading bot.

It's nothing new. It's an unrealistic unsustainable promise of outrageous returns.

Quote from: nthnode404 on January 06, 2018, 01:22:15 AM

Please research what a Ponzi scheme really is. Start with how Wall Street works or what Social Security is. Banks giving less than 1% interest on checking/savings accounts while charging 3% to over 30% interest for loans is okay and how life should be? Btw, your Ad hominem attack shows you lost the discussion. Happy New Year.

I know what a Ponzi scheme is. I'm not arguing that social security isn't a Ponzi. I'm arguing that BitConnect's lending platform is one.

I don't see how banks offering a bad deal makes them a Ponzi scheme.

You don't seem to be able to answer any of the points that I made. "yeah well look at wall st and the banks and anyway you called me stupid so you lose" isn't an argument.

They already made such profit. If price drops than they still can pay for a long time. But the new contracts will generate loss, that is true.

0.25% is peanuts in crypto trading it is made in 1 minute. You can do it yourself, just order gunbot or cat... And they can pay from reserve fund. I am sure if trading won't be profitable they will change this. This can be seen also in Forex management. They guarantee a fixed min. return for institutional investors and cover it from reserve fund in days of loss. But average longterm returns in forex are about 10-30% per year. Crypto is more volatile, so much better for trading now.

This returns are nothing exceptional, check ICONOMI, TAAS, RIALTO... They use arbitrage, volatility and longterm investment into different coins. Profits are much higher than here...

This is not a ponzi scheme, but it can be a scam until they show trading bot is real...