- Just because it is not open source does not make it a scam. No proof just assumption.
- Bitconnect never Guarantees a return rate. I said show me where they "guarantee" a return rate and you Did Not!
- I remember when you could buy a bitcoin on 1 exchange for $1000 and sell it on another for $1200 within seconds, it is called Arbitrage. So even on a low volatility day, you could still make a huge return.
This still proves nothing of Bitconnect being a scam or legit, yet it does show that it is quite possible to make great returns even when price is stagnant. - Yes coins have come and gone. Proves nothing yet again. Steemit, Bitcoin Cash or any other coin can go the way of the "Dodo Bird." Still proves nothing about what Bitconnect is or is not.
We have no idea who started Bitcoin, and yet here it is going up in price. No one officially backs Bitcoin, and yet it is worth more than 3x the price of Gold. Bitcoin is not the Bitcoin that Satoshi N. started and has even spawned branches from the original, are those scams too? Bitcoin could fail, but yet it hasn't. Should I call Bitcoin a scam too?
I say call Bitconnect a scam when it truly Scams people out of there money. If you don't understand it or don't agree with it is one thing but to spread misinformation is quite another.
Maybe Bitconnect fails and people lose their money, but Maybe it doesn't. Be smart and diligent, yes. Do your homework, yes. Invest only what you can afford to lose, yes. Low risk, low reward. High Risk, High reward.
We can talk about it all day long but it doesn't change the fact , there is no proof of trading bot activity, it is impossible to trade without a daily or weekly loss.
No wallet adress available to track down funds, no known deal with any exchanges to trade hundred of millions $ per day. not a single proof of trading activity exist.
Bitconnect goes clearly against SEC rules , website has a true risk to be shutting down by authority.
Because I do my homeworks sir i don't believe without proof some people invented the best bot of the world, never booking a loss and printing unsustainable daily interest rate consistently whatever are the market conditions.
The best part of this discussion is the future will show us who is wrong or right between us. Let see if Bitconnect bot will print 1 billions $ next 5 years. I wish you all the luck and i hope your consciousness will not be too heavy to sleep well.
I'm not saying whether its a scam one way or another because nobody knows for certain but if you had a recipe as a head chef at a killer restaurant would you disclose how you make your signature dish to all the other punters out there?
@damarth Correct, there is No Proof of a scam. There is also no proof of a trading bot. Please note that there are days with 0 payout, indicating that no money was made from trading that day. This again proves nothing other than coincidence.
Bitconnect is now traded on 5 exchanges besides its own internal market.
Bitconnect and many other coins, probably including Bitcoin are illegal according to the SEC, FCC, IRS, USA, etc etc. I think all crpytos are in as much danger of being shut down by authority, not just bitconnect in particular.
And I thank you for the offer of luck buy I don't need it so you can keep it. I also sleep very well actually, and as for my conscience, it is also extremely well since I have done nothing wrong. I sense you imply I did.
Well then you are not a part of these scammers selling dreams and motivating new users to boost their referral earning by posting success story on internet.
You are only a bitconnect investors blindly trusting lies.
The fact Bitconnect bot never book a loosing day is a proof by itself and i am pretty sure it could be mathematically proven, probability could proove given a very short period of time (1 day) that variance induce at very high odds a loosing day should occurs at least one time over a long period of time (months) .I am not able to calculate the odds by myself, but i am sure this concept is valid, maybe some expert could step in and estimate what are such odds with 1% average daily interest of never booking a daily loosing day over 10 months. Daily winrate would have to be extremely high to never loose in such short period of time, unfortunately i don't see super high daily interest rate (>3%) or negative rate wich is totally illogical.
I repeat to you Bitcoin can't be shut down by authority, the fact that you don't know that show the level of ignorance you have regarding blockchain technology.
You call them lies, I call it ROI, which I now officially have.
Again, there are days that no payout (interest) is paid out, so again your information is incorrect as to how Bitconnect works or pays out. Based on This Information your argument is flat out wrong!
I 2nd the fact that Bitcoin is Decentralized and would be very difficult to shut down by any authority, but it ultimately could be shut down if ALL authorities of the world decided to stop it. You mentioned the SEC shutting Bitconnect down, again you are INCORRECT. The SEC only regulates in the United States of HARMerica.
My arguments are wrong? i talk about average daily interest, i never said no pay out couldn't occurs. I will be wrong when BCC team will post at least 1 day of trading activity, some wallet adress or proof of transactions on BTC exchanges. I will be wrong when a 3nd party will be able to run an audit of funds.
USA have the power to shut down website all over the world to protect americans, if it is not the SEC outside US, don't worry FBI or another entity will do the job.
Do you remember black friday in Poker?
https://www.pokernews.com/news/2016/04/black-friday-five-years-later-24506.htm
They shutted down poker websites offshore to protect americans players.
Do you remember Btce servers shut down aswell ?
https://news.bitcoin.com/btc-e-exchange-reveals-they-possess-databases-and-wallets/
All I am saying @damarth is that because you can't prove something doesn't mean it is wrong or not there either.
Your argument that it is a scam when clearly people have received a return makes you wrong, (for now.) Maybe in future you are correct and they deceive everyone, but maybe in the future they also amend the downline referral program or lower their daily avg. payout to sustain further growth/new members. They have done changes before, so why not in the future?
Another thing that no one ever mentions or neglects or forgets or Simply Does Not Know, but when Bitcoin and Bitconnect tokens are traded within the Bitconnect exchange, they also charge fees. So they do make money from that as well. I can't say how much or what % of that is even used to payout, but the point is that there is income, and possibly future changes for Bitconnect to allow for other future income.
So again, at this point it is like you calling someone a thief, yet nothing has been stolen or lost. That is why you are wrong.
And yeah, see if the USA can turn off a website in Russia, China, North Korea other Non-West butt licker states or the DARK WEB. The answer is they can't. They can try but won't win. It is like trying to stop the world from using drugs; they can't or won't stop it.
A good scam hide the best they can the data that could proove it.
My arguments are all data that could proove Bitconnect is a sustainable ecosystem are hidden.
YES ,I think it is a scam, YES i warn steemians and YES i will not change my mind until somebody bring me hard proofs.
You are free to think what you want so do i.
What are you trying to accomplish here?
I don't believe Bitconnect invented the best bot ever and never has a loosing day and i find totally unethical people hyping this platform to boost their refferals without warning how dangerous this investment can be.