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RE: BREAKING NEWS: Bitconnect Is OVER 😰

in #crypto-news7 years ago

It will dependably be recognized as the Ponzi that never imploded! Bitconnect loaning was the greatest trick in Crypto, and you don't need to be a virtuoso to make sense of that the numbers don't make any sense. It'll be fascinating to perceive what will occur with the ICO cash, and in the event that they absolutely change their plan of action or concoct another trick.

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"and you don't need to be a virtuoso to make sense of that the numbers don't make any sense."

Yeah, what made sense about taking loans denominated in $ at BTC < $1000, and paying them back at 15x the BTC price (ie, paying back 1/15th the BTC)?

Do you know how math works? The numbers made amazing sense, that's why they did it.

@max1994 good job translating my comment from this post: https://steemit.com/trading/@cryptopassion/the-end-of-bitconnect
and good job falling for it @lexiconical

you both bring a lot of value to the community irony off