Quote from: suchmoon on February 11, 2018, 11:04:01 PM

Quote from: AGM76 on February 11, 2018, 11:02:05 PM

Quote from: suchmoon on February 11, 2018, 10:50:39 PM

So why did Bitconnect screw over its "lenders"? Why didn't they wind it down in an orderly manner if it was so profitable and the only problem was complaints? Can you stay on this simple topic for a sentence or two?

Well, there was no way for bitconnect 'cashflow' to 'turn negative' as their platform didn't cost them any BTC. They could profit by selling their BCC tokens but they never did that to any great degree which is evident from looking at the BCC price. It was growing far greater than the interest they paid to lenders. They could legitimately sell the remaining coins as profit.

So why did Bitconnect screw over its "lenders"? Why didn't they wind it down in an orderly manner if it was so profitable and the only problem was complaints?

Well what do you think would happen if people panic sold bitcoin? Only a few percent of the bitcoins need to be sold for the price to be almost nothing. Too many people sold at the same time but they are still thinking of refunding some of the newer people from what I've heard.