Well, of course you can say that in recent times, prices for real estate are very changeable, but where else can you invest money if not in this project?

Hahaha.  You kill me sometimes!!!

Ducks.  They confuse me.  If I go more than 2 years without a date ducks start to give me a tingly feeling.  I think it's that slut walk they got going on.  True story dude.  lol

Man.  Livecoin is down.  U think cause of BCC or something bigger.

Nope, I don't recognize as blackmail as I only see bunch of tabs with no detailed info.  Can't you just say it.  How about just proving for the whole community. That's good karma.

I don't get it.  Please explain.

Now it's all my fault because I uncovered who's behind BitConnect.  

Fuck my initial U$100K offer to not expose these fucks. I now want a cool million.  


See all those tabs I have open? Each one (barring a couple) is a page [bit]connecting the dots proving beyond doubt who these BitConnect fuckers are. My bad! Not fuckers unless they don't remit to me the requested cool million.

I don't get it.  Please explain.

Gleb I know you posted about this a lot and I probably haven't read most of the earlier posts but bitconnect always advertised variable interest up to 40% per month. I already showed how sustainable it is so that they can take profits during up days to pay for the down days. They were actually profiting from the lending system and not losing money, simply from the growth of the coin value. If the growth slowed they would have accumulated funds as a reserve. They also had lots of BCC coins reserved too gaining lots of interest. The affiliate program was actually paid for by the staking interest built into the coin since lenders have to give this growth up to bitconnect so bitconnect can use this to pay affliates. I'm probably not making it very clear but they didn't have a bad business model in my view and it didn't necessarily involve talking money from new investors. You seem happy about their possible closure but what about people who have invested? There was no reason for them to close while they were making genuine profits from the coin demand.

Hacked? Seems to be being sold off on several exchanges while Bitconnect.co is offline?

I just bought couple of coins. I have to scramble to get some BTC and buy cheap BCC. We all going to be rich!!!!. I bought around 0.005

As I pointed out, I think their model is sustainable since they seem to be making profit on the USD loans (not actually BCC loans) so do not need new users to cover it while the price has been going up (their affiliate payments when customers exchange it into dollars and lock away their funds for the variable interest are also ingeniously covered by the BCC coins automatic 8% monthly interest until the customers buy it back with the dollars). They also have massive reserves of BCC tokens from their premine. Not sure how many exactly, but in 6 or 7 months the monthly staking interest would have increased their own stash by 70%!

Found a couple of news stories from earlier in the year to demonstrate this growth: mid-March  2017 price $2


This was just a couple of months later : mid-May price $9



As you know it is now about 14 times this level (around $125+) after three more months so the rate seems to be increasing and they are probably profiting from the customer lending rates and are not losing any cash or needing other investment at the moment to cover the BCC payments due to the demand for their coin and the rise in price. They can easily adjust lending rates to compensate when necessary. Please someone explain where I am wrong on this?


(I've not even mentioned their own exchange where they can probably get a profit on volume traded and they can easily predict this profit for calculating their interest payments etc)

P.S. How do I insert inline images?

Where's the logic in that?  Bitcoin has 42+ million coins and many more coming. 

Noticed another site with similar terms as posted by gleb: http://ukbitcoin.info/index.php#    notice the same volatility bot but again this seems to be on their own lending platform so probably possible to profit from it:

http://ukbitcoin.info/terms-of-use/index.php



Notice how they even mistakenly used the word bitconnect lol even though this site was from 2016

Hi,

I'm not any expert on any of this by any means but is it possible that they are not a Ponzi scheme? They used to be a peer to peer lending site, I think, as I pointed out with previous links. Remember that people who harbour negativity are usually doing so from a traumatised perspective and will need something to be against (it is like a delusion that prevents their anxiety, using scapegoating etc). A lot of people don't realise that it's very hard to change people's mind in this state once they decide it's true as it helps them psychologically to feel that way and they actually believe it strongly even when evidence is presented on the contrary. What I'm getting at is I'm not trying to change the mind of anyone who might think it's definitely a scam, just I'm not totally sure that it is. It is recruiting in lots of countries: https://www.youtube.com/watch?v=JUOUg52Zscc for lots of investment. People who have held the coin for nearly a year or so have made ridiculous gains (even ten times increase from a few months back when people on here were claiming it was a scam- can you imagine how much people in bitconnect are actually making who have been promoting it more than a couple of weeks and getting daily interest in huge numbers now), not to mention the coin itself has 8% monthly interest!

Ways they could make money on the platform are through their own exchange (after all most charge a commission at least of about 0.25% of all volume but not sure about the profits bitconnect take from its exchange), and also if they are sure the coin price is going to rise (through their marketing efforts) then when people 'lend' their coin, they are giving up all this growth (which bitconnect can calculate to decent degree based on their new registrations and payments coming in) and also the 8% a month growth in the coin algorithm. So this percentage return they are giving on the 'lending', could just be their calculation of the growth of the coin and that they expect that the cost to return the coin later will be zero (despite ostensibly giving ridiculous interest rates).

For some figures, say the coin stays the same value (which we know it does not as their platform causes it to gain in value) if people lend the coin and say get up to 140% the amount, we also have to add in the affiliate income which overall probably comes to about 10% on average over all the levels on all BCC deposits (7% on level one) but remember the 8% monthly coin interest actually negates this as this coin is still held by bitconnect when you lend it, just you give up on its natural growth in return for guaranteed USD growth.  So say that in a month the people lending the coin have gained 50% over the coin (cos the coin didn't go up in value at all so would need to be paid 1.5X the BCC when exchanging back from USD) which would be an overestimate based on all this, then if you think this 50% extra isn't possible for them to earn on the exchange volume or other possible bot (from old or projected new customers that they can accurately calculate), then it's true it would be a Ponzi. That neglects the fact that they have been earning close to 10% monthly interest on all their premined coins and have millions of them so can probably afford to give 50% extra coins in return for a long time without others losing out. I am not sure exactly how it works but even if they got careless and let this 50% per month shortfall happen for a while, it would still be possible for them to pay the 50% extra BCC a month when users exchange the dollars back. Reealistically, they would normally make sure the lending interest rate was lower when they can't cover the costs without more members coming in than they predict (remember all these new members are using the exchange and giving them some percentage profit at least from that which they can calculate quite well). At the moment they must have lots of BCC reserves and have no problems, and they can probably calculate that their coin is going up and are not losing out.

In fact, at the moment they are making money when people lend the coin as they only need to give a fraction of the coin back later. For example if the coin doubles in a month (from their calculations) then, although the USD cost to them becomes 1.5x the original amount in a month (from my exaggerated calculations), this only equates to 0.75x the original lent BCC so they may actually be making a large profit on their current lending rates. Does anyone see what I'm trying to say? They are obviously not selling their coin into BTC yet as they know it is growing in value, and they might actually be making profits from the investment plan, despite it looking like they can't afford it.

Today I saw a new publication about the recoin. There are answers to some questions that were unclear to me. Maybe someone will find it useful too.
https://bitconnect.co/bitcoin-news/662/the-flagship-of-the-charitable-cryptocurrencies-is-about-to-make-the-ico/

If bitconnect created trading bot that can manage 40% monthly income than I'm sure bitconnect team must be awarded with nobel prize in economics 2017 ! WTF are you talking about dude