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RE: How is Bitconnect Sustainable? How is Bitconnect Not a Ponzi?
"Currently, the value of a BCC token is $280.82. If we multiply $280.82 by the total supply of 8,392,580 BCC, we get $2,356,804,315.60. That is how much Bitconnect could pay out at one time if necessary"
How is this correct? No matter what way you trade it nothing close to that sum could actually be raised nor would bitconnect have any motive to provide 2billion in bitcoin either.
Should bitconnect attempt to flood the market with anything even remotely close to that volume it would lose 99% of its value in 24 hours before anything close to that sum was sold.
"How is this correct?"
It's not. If someone is spouting things like these, you know you should stop listening ASAP and walk away.
It was a rhetorical question. Craig is not stupid enough to actually believe what he said. It's just plain old shilling and half truths.
Wolf in sheep's clothing one could say.
Or BCC's creator dun dun dun
Do you believe him to be evil?
Of course not