The trading bot wins on company

That is, if they don't trade them on some other Exchange. You buy BitConnect with your Bitcoin from their exchange, with other Bitconnect holders. This is very important to realize. Anyone can trade BitConnect for BitCoins and vice versa. The developers do not have exclusivity like this article seems to suggest. The market is volatile, price goes up and down according to demand. Just look at BitConnect's trading history.

The interest is paid in Bitcoin. And this is the most important part of it all. So important I will repeat it again slowly:. I believe this is almost correct. Another very important clue. This helps to bring a ton of people to the site. It's a snowball effect: The funds of new users are used to pay the old users. Almost everything is correct here. Their marketing strategy functions exactly as stated, except for one thing. To claim the funds of new users are used to pay old users is just speculation.

There is no actual proof this is what is happening. They also have a ton of Bitcoin to sell, but at this point it's worth a lot less than the total amount of BCC they have. They then disappear with all of the money.

Again these are unfounded claims but at the same time they pretty much explain exatcly what potentially could make this system work but fails to realize that. Are ICO's a big ponzy scheme? What if the bots, are actually doing their job. According to BitConnect's website. This is what the TradingBot does: The Bitcoin Price Volatility Software calculates interest in real-time for you, so you can monitor profit at any time. Increased volatility means there is greater uncertainty on the returns of your investment.

Probably the latter I suspect. The interesting part is what they claim in another part of the site: Again we are back at the trading bot. Now if this trading bot exists. How could it be that we don't see it trading on major exchanges. This is another claim as an argument why BitConnect is a scam. What if the thing that keeps BitConnect relatively stable while other coins are fluctuating like crazy, is the actual Trading Bot?

The great majority of people flock into BitConnect because of the promises of great returns. Thegrinder actually explained quite well, how the system works when he said. Who do you think is probably buying your Bitcoin when you trade it to bcc on their exchange?

Who is taking your bcc after you lend it for profit based on fiat? And while doing it, sharing a small amount of it's profits with the rest of us?

That is a fold increase in its value in less than 8 months. This tells me 2 things. Either we are talking about massive whales involved in BCC.

And these guys are not lending their money back to the bot for insane returns. Or another option, which I think is more likely, is that these are all the bot's bcc. If these are the bot's, the only reason I can imagine they are sitting in wallets with only 5 transactions in each, with each transaction happening 1 month from each other is because these accounts are staking the coins.

Obviously these are not all the coins the bot potentially has, after all it would not be able to perform its daily trades if it kept all its coins locked in 7 wallets. If we take just the 1st address, the one that contains 1,, bcc. In one month that one address will generate in today's bcc value proximately 6 million dollars in PoS. But it does not end there. Remember our good old friend, the compound interest. Well, staking also works that way. But the bot knows it can stake those coins for a minimum of 4 months, cause that is the minimum time it will hold your coins for.

Well at the end of those for months the bot will have generated a total of , new bcc. That is a Now let's not forget that this is just staking gains. Only that the bot now knows for a fact that, that initial investment will be locked in the system for at least 4 months. The bot never promised you your 20, bcc back. It promised your 10, fiat dollars back. Which if locked for 4 months would be worth around a mere 2, bcc by the time it had to return your initial investment.

What about the daily returns you might ask. Well, there are 3 options you can do with those daily returns. BitConnect loves when you do that. That way the money is just parked there while the bot makes more money with your initial bcc.

Trade to bcc You are forced to do this option if you want any other options. Well, guess who is more likely to be selling these bcc to you? The bot, dictating his price, after all he is the one with the most coins, and pretty much the only one buying bcc at the moment. Now you have a few options. Hold bcc, reinvest that bcc for the great returns or buy bitcoin and claim your gains.

BitConnect wins here, cause now it is forcing people to use their system, and their wallet. Well the bot will get the bcc he just sold you and guess what? He will be making money on top of it trading with other users like you or simply staking for more bcc. Which by the way, the bot is pushing up in value with each trade: Well, guess who is selling it's bitcoins back to you after bitcoin probably just doubled in value: And this is it. By holding the most amount of bitconnect and by luring people into what I see now as petty gains the bot is the biggest whale holding the biggest amount of BitConnect.

This is unsustainable you say, that money has got to be coming from some where? By all the new users that keep buying bcc at higher values. The only difference here, is that the bot does not have to dump the coins all at once, because it knows everyone is tied up for at least 4 months with their money, and that money is fiat money.

The bot never promised the people their bcc back. The one that now has probably quadripled in price since their initial investment. The same bot that is generating your daily profits by trading with you the bcc you gave it to him to generate profits in the first place. And don't forget that it probably holds the great majority of the bcc in circulation, so the chances of someone dumping a bunch of bcc to lower the value of BitConnect is very slim.

And if they do, which by the looks of the trade history, it does happen. Well, the bot once again goes to the rescue and buys all that bcc back to keep the price stable. It buys with all the Bitcoins we gave it to it to do exactly that. To make the BitConnect value stable.

Stable enough, for the period necessary that the developers need to add the real value and potential of BitConnect. Well, that doesn't seem that far fetched anymore does it? No risk of loss? That is not true. Most of the risk is if you buy bcc and try to make fast gains trading. You will be trading with the bot, and guess what? You will probably lose: Well, this seems quite possible now. Let's not forget that when any new coin enters the market, it enters with 0 value and a bunch of promises.

People claim that Bitconnect is not innovative and that people are investing on it only for the returns. I say, BitConnect is only open and blunt about. They embrace what every other crypto is not willing to admit. Most people get into cryptos because of their return.

And in some ways, this is good for cryptos. They are worth what they are today, because innovation is finally being able to be financed by people like you and me. For those asking, where this new added value is coming from. I have news for you. While you were lending your fiat to the bot in bcc format to make you money while you sleep.

The bot has been working 24 hours a day, 7 days a week, days a year. It does not need to eat, drink or sleep. It's only function is to generate value on a coin in which it pretty much controls. It knows the rules of the game and it follows simple rules to maximize profit. It feels nothing so it does not over reacts when a dump happens. Or it does not dump looking for short term gains.

Let's not forget that they have just re-invented ICO's. They are creating major interest in their platform with a completely new approach. They are the only stable coin at the moment and they have reached the top 10 in less than 6 months of existence. If that is not innovation I don't know what is. As of now they should be left with the benefit of the doubt. Like with any other cryptocurrencies.

But to accuse someone of wrong doing just because you don't understand how they are doing what they are doing, is just wrong. I invested because they all promised me something. The only proof I have is that the developers of Bitconnect are working for that something. I have no idea who they are that is true, but the reality is that does not matter.

They have something to show for themselves. If they continue the way they are. Implementing their promises in a timely manner. I can see this coin becoming quite useful and people actually using it to buy things. Specially because of its stability. Which is only possible because of it's adoption. The Bitcoin Price Volatility Software calculates interest in real-time for you, so you can monitor profit at any time. Increased volatility means there is greater uncertainty on the returns of your investment.

Again, let's pay attention to what it says: Nothing else nothing less. And to give people credit, it pretty much, says nothing at all. If this was lost in translation, or if it is deliberately meant to mean nothing is unknown. Probably the latter I suspect. The interesting part is what they claim in another part of the site: Again we are back at the trading bot.

Now if this trading bot exists. How could it be that we don't see it trading on major exchanges. This is another claim as an argument why BitConnect is a scam. What if the thing that keeps BitConnect relatively stable while other coins are fluctuating like crazy, is the actual Trading Bot? The great majority of people flock into BitConnect because of the promises of great returns.

Thegrinder actually explained quite well, how the system works when he said. Who do you think is probably buying your Bitcoin when you trade it to bcc on their exchange? Who is taking your bcc after you lend it for profit based on fiat? And while doing it, sharing a small amount of it's profits with the rest of us?

That is a fold increase in its value in less than 8 months. This tells me 2 things. Either we are talking about massive whales involved in BCC. And these guys are not lending their money back to the bot for insane returns. Or another option, which I think is more likely, is that these are all the bot's bcc. If these are the bot's, the only reason I can imagine they are sitting in wallets with only 5 transactions in each, with each transaction happening 1 month from each other is because these accounts are staking the coins.

In one month that one address will generate in today's bcc value proximately 6 million dollars in PoS. But it does not end there. Remember our good old friend, the compound interest.

Well, staking also works that way. But the bot knows it can stake those coins for a minimum of 4 months, cause that is the minimum time it will hold your coins for. Well at the end of those for months the bot will have generated a total of , new bcc. That is a Now let's not forget that this is just staking gains. Only that the bot now knows for a fact that, that initial investment will be locked in the system for at least 4 months. The bot never promised you your 20, bcc back.

It promised your 10, fiat dollars back. Which if locked for 4 months would be worth around a mere 2, bcc by the time it had to return your initial investment. What about the daily returns you might ask. Well, there are 3 options you can do with those daily returns. BitConnect loves when you do that. That way the money is just parked there while the bot makes more money with your initial bcc.

Now you have a few options. Hold bcc, reinvest that bcc for the great returns or buy bitcoin and claim your gains. BitConnect wins here, cause now it is forcing people to use their system, and their wallet. Well the bot will get the bcc he just sold you and guess what? He will be making money on top of it trading with other users like you or simply staking for more bcc. Which by the way, the bot is pushing up in value with each trade: Well, guess who is selling it's bitcoins back to you after bitcoin probably just doubled in value: And this is it.

By holding the most amount of bitconnect and by luring people into what I see now as petty gains the bot is the biggest whale holding the biggest amount of BitConnect. This is unsustainable you say, that money has got to be coming from some where?

By all the new users that keep buying bcc at higher values. The only difference here, is that the bot does not have to dump the coins all at once, because it knows everyone is tied up for at least 4 months with their money, and that money is fiat money.

And if they do, which by the looks of the trade history, it does happen. Well, the bot once again goes to the rescue and buys all that bcc back to keep the price stable.

It buys with all the Bitcoins we gave it to it to do exactly that. To make the BitConnect value stable. Stable enough, for the period necessary that the developers need to add the real value and potential of BitConnect.

Well, that doesn't seem that far fetched anymore does it? No risk of loss? That is not true. Most of the risk is if you buy bcc and try to make fast gains trading. You will be trading with the bot, and guess what? You will probably lose: Well, this seems quite possible now. Let's not forget that when any new coin enters the market, it enters with 0 value and a bunch of promises. People claim that Bitconnect is not innovative and that people are investing on it only for the returns. I say, BitConnect is only open and blunt about.

They embrace what every other crypto is not willing to admit. Most people get into cryptos because of their return. And in some ways, this is good for cryptos. They are worth what they are today, because innovation is finally being able to be financed by people like you and me. For those asking, where this new added value is coming from. I have news for you.

While you were lending your fiat to the bot in bcc format to make you money while you sleep. The bot has been working 24 hours a day, 7 days a week, days a year. It does not need to eat, drink or sleep. It's only function is to generate value on a coin in which it pretty much controls. It knows the rules of the game and it follows simple rules to maximize profit. It feels nothing so it does not over reacts when a dump happens. Or it does not dump looking for short term gains.

In reality, all the value that is being generated, in some ways reflects what happen when full automation and delegation of decision making process is given to a machine. These are the reasons I believe BitConnect is actually very innovative and could actually not be a scam. Let's not forget that they have just re-invented ICO's. They are creating major interest in their platform with a completely new approach. They are the only stable coin at the moment and they have reached the top 10 in less than 6 months of existence.

If that is not innovation I don't know what is. As of now they should be left with the benefit of the doubt. Like with any other cryptocurrencies. But to accuse someone of wrong doing just because you don't understand how they are doing what they are doing, is just wrong. I invested because they all promised me something. The only proof I have is that the developers of Bitconnect are working for that something. I have no idea who they are that is true, but the reality is that does not matter.

They have something to show for themselves. If they continue the way they are. Implementing their promises in a timely manner. I can see this coin becoming quite useful and people actually using it to buy things. Specially because of its stability. Which is only possible because of it's adoption. Which in turn is only possible because of its infamous bot. Another thing worth mentioning, is that by generating wealth to the community and early adopters, they are guaranteeing the success of their coin by the time they develop their ecosystem.

After all, who doesn't want to target their product to a bunch of newly rich people that have been used to this coin for so long. It's a win win for BitConnect again. All these claims are of course only speculation, I was not involved in the development of BitConnect and I have no idea who is.

This could be all some delusion from my head. I sure hope the bot won't dump all its coins at once when its time to cash out. But if it does, I don't see that being much different than other whales doing the same thing with other currencies. I do have hope that the developers thought this thing through. It's a shame that the bot is not opensource and that we cannot see what is programmed to do with its bcc at the end of its journey. This obviously worries me quite a bit.

I'm a big advocate for transparency and this bot, is true, seems to always be hiding around meaningless statements and catchphrases. But I also see the potential of a system with these characteristics and if this is a ponzi scheme, wow And finally, don't invest on anything that you cannot lose.

Or maybe this should be said in some other way. Don't invest any time or any money in what you don't believe in. Anything you do has the potential of being in vain, does that mean you will stop doing anything because there are risks involved? In reality, all money really is, is the time you put in doing some odd job to generate that money. It is all it really represents. This time, you will never get back. The question then becomes. Calculate the risks, if you think the risk is worth it and you are not putting others in harm, directly or indirectly.

Then just go for it. I must admit that the good return on investment of BitConnect is what made me interested in their platform in the first place. And that is for me, something that easily gets lost, amidst this frenzy of profit seeking between cryptocurrencies.

The reason this all started, which should not be forgotten.