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RE: Proof Bitconnect's Bot it Going Broke!

in #bitconnect7 years ago (edited)

I agree that it won't continue haha. In all serious this though I think the results of lending and the coin are closely tied together. Using the volatility software on their site it says over the last six months the interest rate was 0.93%. So, if you were able to lend back every single dollar you earn $100 * (1 +0.0093)^(6*30) = $529.24. The coin last I check was $193.95 and 180 days ago (April 21st) it was $9.87. So, again if you invested $100 * $193.95/$9.87= $1965.05. Over any reasonable time period the coin has largely out performed the lending. Now I agree that won't last. In fact I speculate this is how they are making most of their money. Not from a bot. When token price increase no longer increases more than lending that to me is a signal it is about to end.