Don't do it. The price has already increased so much that Bitconnect is now in the top 10.

If 2 DT members have tagged their main accounts already then it's probably not the smartest idea to invest $1k in them, which is a huge sum of money for anyone to have. If you think about it, it is essentially a ponzi disguised as a cryptocurrency.

Even if they go up, it won't be much. The gains that have been made has been almost fantastical and can't continue forever.

Some new info in this video (not seen it all yet but looks promising): https://www.youtube.com/watch?v=zaPUs4oSr-Q

The beginning shows how bitconnect received 1000 bitcoins in their ICO (that's another $6million that they don't need haha) and only sold 1million in the ICO and kept well over 3million BCC tokens (the staking interest was 10% a month at that time, I think). It goes on to show some more stuff about it so might be interesting for some of you.

LAT sucessfully transferred to my MEW wallet. didn't take the 5 days the site stated originally. only took a few hours of processing time.

Your article essentially establishes on the fact that bitconnect team is going to stay honest, and not dump any portion of their premine. In fact you pointed out yourself, why people shouldn't be investing in it. You assumed that the "trading bot" is non-existent, and that's what most likely is happening. There is no such thing as a trading bot, and i ithink that you know that. Based on that we can already deduce that bitconnect is a dishonest company even if they pay out their users through staking profits.

It should be clear that bitconnect is not sustainable, is not decentralized, has no intrinsic value, and the founders hold a sizeable premine that they can dump at any time. And yet you are defending it, like it is some sort of magical way of earning money.

checked many times, all is working perfectly, except bcc wallet

yes bitconnect is ponzi scheme. many people will get hurt. i never invest it

The thing about Bitconnect vs things like Ambis is with Ambis, Bitcoin goes in, more Bitcoins come out...with nothing in-between as a buffer other than a supposed "trading bot".

But Bitconnect owns 4.8m of its own coins out of 7m or so that exist that stake another 384.000 coins into existence every period, that is not including the coins that are in the system, locked down for 299 days at a time, these are also staking out for that 299 days turning into more coins for them.

So basically they are at this time of me typing this staking coins into existence coins that are worth 122$ without the required need to supply power and computer rigs to dig them out of the network.
In current numbers they would have 585.600.000$ in coins and 46.848.000$ get staked into their own BCC wallet every period of staking, without any expenses that they need to pay to farm them.

Now the way people get in is that they use Bitcoins to buy up those BCC from people exciting Bitconnect, let's say i had a good day, i pull 100$ out of Bitconnects butt and a new guy buys my BCC and enters the platform. More and more coins enter the platform, get locked up into it, for us they turn into a % gain each day, for bitconnect they turn into additional stake coins, making them the biggest claimers of staked coins out there. Supply and Demand take care of the rest, as more coins get locked up, price of the coin goes up and at the end of the day they pay us back an imaginary $ value in their system, that then gets transfered to a BCC that has such a value and then we cash out by someone entering the system again through a bitcoin or if they need to have funds sell their own coins onto the market.

Sites like Ambis have like what to work with, if they are a ponzi scheme? their own start capital to pay the first few days ?, or just the money coming in, until money starts rolling in vs Bitconnects 585.000.000$ of assets.  Now i am not a math wizard, but if i were to do a ponzi (and i am not) and i am sitting on 585.600.000$ worth of coins, I would have been out of this game 500.000.000m ago, maybe this a long con and they need to sell the coins discreetly as not to crash the market but that would hinder their staking at some point, forcing their hand to excit devalue the coin while doing it.

I also doubt that the BCC they get each day from staking are all used up in paying out people, the volume in the last 24h is only 4.1m$ and 90% was on their own exchange, that you know they control, so in need to stay liquid they had to sell 410.000$ out of 1.500.000$ coins that they staked that day from their 4.8m coins, so not counting coins from people in their system. More than likely that amount is double and most of it is reinvested so they get more stakes for it. Oh and around a 1-2m $ in profits each day.

I honestly don't know if they have a bot, but at this point it's not really needed because the eco system keeps itself in check, coins are locked and a 10% circuit breaker prevents panic sales and they take a cut from the exchanges on their own platform. Its Genius really, the only way this ends if it's a scam when they don't have a trading bot is when the Staking time is over, which is going to be until Dec 2019 or when people lose faith in it.

But if say by then the coin is worth as much as a bitcoin and they still control 90% of the coins, their last month December 2019 they stake the last few coins that are on their platform,  then the coins for that stake would be worth 1.411.200.000$. (I know speculation but the BCC did go from 8$ to 130$ in 3 months)

So however you turn it, Bitconnect pretty much prints money until Dec 2019.
 

As I said before, you are making up facts that don't make sense and you don't know are true. It isn't that hard for Bitconnect to prove they are solvent and have a trading bot. Since they can't do that, it's perfectly logical to assume they are not solvent and their bot does not exist. Go ahead and dump more coins into it if you want, but don't go claiming you've "worked out" how they are profitable when you do not have proof.

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Oh just read your report again, and you mention you think you were one of the first to find the glitch, but when was this? Someone on the bitconnect glitch announcement page mentioned they found it 6 or 7 weeks ago and tried reporting it to support a couple of times at least. The support seemed to tell them that everything was alright and didn't seem concerned. This rings alarm bells, because what if the support had already heard many reports of this but were just employees and didn't tell the people involved and took advantage of it massively? The bottom line is that actual money is at risk here and they need to have the reserves to either sustain the price for the coin holders as this also helps them to be able to cover their liabilities, or they will need to sell off their BCC while the price is still high to buy back later. They then can carry on as normal as they have everything covered but investors may end up stuck with much lower rates to compensate until growth resumes to the usual level.
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Look, ASSHOLE, I already admitted to making a mistake which doesn't have a fuckin thing to do with jumping around thread-to-thread in earning a reputation.

That said, kindly exit the gene pool before you accidently impregnate a knotted fence post.

No, BitConnect didn't pay me to hush. BASTARDS!

I was wrong, pure and simple.

Do I still believe that BitConnect is a Ponzi. NO!





Just fuckin with you - DAMN STRAIGHT I STILL BELIEVE IT'S A PONZI !!!

Bruno