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RE: Proof Bitconnect's Bot it Going Broke!

in #bitconnect7 years ago (edited)

This was a fantastic piece of research. Thank you for the time and effort!

Putting to one side the implausibility of the high returns, an argument as to why it is a scam - and not an ingenious investment scheme that no hedge fund manager has ever thought of, is this: “If anyone discovered a way to genuinely make 365% profits a year, (or much more by daily compounding), why would they go to the trouble to set up a website to share those profits with everyone else?”

@charlestines, as you like research like this, you may want to look a study I did comparing wealth bands and bitcoin ownership penetration levels. I reached some conclusions on next year’s supply and demand for bitcoin. There are several posts on the same topic. The last one just deals with my conclusions, but the earlier ones have hard numbers and research.