Again another nutty one. So if you're holding bitcoin and all the whales dump it doesn't it make it the same thing? There is nothing that's going to keep the price of bitcoin up if everyone sells it at the same time.

Bitconnect didn't dump any coins! I showed that on the coinmarketcap graph. Very small volumes on the exchanges around the time of the dump. They probably did the opposite and bought it back cheap. How could they have been dumping a coin that has 100% yearly inflation and rises from 16 cents (I think the lowest) to close to $500 in a year and is freely traded on lots of exchanges??

You obviously don't understand that the lending system made them less likely to dump any coins (as it would stop the lending being profitable for them - to say the lending was a Ponzi when it was profitable is ludicrous) but nevermind. Bitcoin is obviously more of a Ponzi.

No, they didn't need bitcoin to go up. The only thing they needed was their coin value to increase more than the interest they paid (over any time period they chose), or it would start costing them more in BCC than was lent to them and this would in time eat into their reserves (they were profitable so obviously never even had to use their BCC reserves and could easily have carried on). They hopefully also had bitcoin reserves from the ICO but the lending was profitable so didn't really need it once they'd used the ICO funds for development and marketing etc.