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     7 years ago  

    Seems like an honest attempt at trying to rationalize how BCC work. It's an epic fail though.

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       7 years ago  

      So you are Basically stating the different reasons Why IT IS a Ponzi.

      Epic Fail trying to convince us it isn't.

      Just using your points:

      • First and most convincing argument. I just calculated that if you invest 10 000$ and reinvest every penny you get, with a 0.5% daily interest you would have 10 405 071 in 2 years. This is unrealistic and I do not think anyone would believe this is a "guaranteed return".
      • "It is not a Ponzi because they create their own coin". I see where you want to go, but the fact that they basically print money out of the thin air for the only purpose to pay back "investors interests" is already a huge sign of Ponzi. In addition, except paying back interests, what is the purpose of this coin/company?
      • "They have bot to trade with complicated algorithms". First, in your Post it is obvious that you do not believe in it. Therefore as @transisto stated, why would a company that has already hundred of millions the need to borrow money and paying expensive interests? If it works as they state, why would they have the need to? In addition, as you have more money (let's assume they did not lose most of it paying the first Ponzi BCC investors) it becomes difficult to trade with the same accuracy and making money out of trading is harder. This is why most Succesful Investment Funds have a limit of money they can manage to perform the same way as before they became "well-known".
      • "Only and if only the price of BCC drops it would be in big trouble". This is a sign of Ponzi when a company or fund cannot pay back its investors because its currency / Fund Share Value is not rising anymore / Fresh money
      • 5-8% Referral Bonus? Don't get me started on this...
      • We do not know the Founders, How weird...
      • They are registered in the Caymans Islands, How weird...
      • They promote their platform on CoinMarketCap to attract new "customers". I don't understand? Are they in an IPO process? Why would they need to have fresh money to make their platform work?

      Here is their "Advertisement"

      And if you tell me it's not them, it's even worst that investors would do that as they know it's a Ponzi and need fresh cash.

      PEOPLE YOU NEED TO GET AWAY FROM BitConnect AS SOON AS POSSIBLE!