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RE: The BitConnect scam exposed

in #scam7 years ago

Took hours but went through. Thanks.

Were you running the bot leading up to the fork? It went crazy with huge returns, lending at 0.4% and more! The "Year, Compounded" was over 200%!

I have a feeling Poloniex did that in order to capture more BTC, as there's the "xdaythreshold" and "xdays" settings... I think it was rather slimy of them.

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It wasn't them. I was using the bot during the split, but I was only lending stellar and dodge. I kept my bitcoin out of lending, to get bitcoin cash. The reason interest rates were so high is because many others did what i did, so the supply dropped dramatically. Low suply + high demand= high price, or in this case, return.

Perfect, that explains it, thanks!

You're welcome. Glad I could help ;)