Good analysis, great graph.
I still think it's going to turn out to be basically MLM, but your thesis of these gains being at least credibly possible is well-taken.
I don't doubt their individual gains (I'm doing almost as well), but I don't think this will be sustained, and when returns dip, I do not think they will have capital reserves to survive.
Anyone can win betting on black when it keeps coming up black.
Thank you for reading and the feedback.
That's also a scenario I'm thinking about that what would happen if BCC/BTC prices fall dramatically. I think eventually future will tell us the truth behind it!
Keep writing! This was a good piece and you approached it 100% factually, no bias at all.
It's the best piece I've seen showing how Bitconnect's gains, so far, could be mathematically legit.
Ps - You may know this already, but you could have used a much snappier title. This made it look like you might have been pushing Bitconnect as an investment or for referrals, which you aren't.
It's too late to edit, but a title like:
"Bitconnect Payouts Graphed Against Bitcoin Volatility - Can Bitconnect's Trading Be Legitimate?" (or "Can Bitconnect's gains continue indefinitely?")
...that title might have caught more eyes.
Thanks:)
I agree, I could've thought on a better title...I will probably re-publish it with some extra findings and a new title as you suggested above. (so far it has been my most popular post so it may be worth re-posting).
Might be worth remastering after they are up and running again for a month of payouts or so.
What do you think about this:
https://steemit.com/cryptocurrency/@ka82/can-bitconnect-s-trading-be-legitimate-sustainable
Will check it out and reply there.