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RE: Just came across more BitConnect experiments that display that something smells fishy
Hmmm ... "I've never heard anyone make money with loans"
Can you please clarify what you mean by that?
I too have worked in finance for most of my career. I disagree wholeheartedly. Loans always make money ... Besides theft, thats most of the reason banks are still alive today.
Thanks for pointing that line out. You are totally right. Loans make money for the people who loan money to other people. I wanted to say that its difficult to make money by getting a loan unless the interest rate it very very low, but that does not apply to this situation. So i deleted that.
BC is that it is a great affiliate/referral pyramid program, that unfortunately claims to trade using a trading robot that makes 1 % per day! So i guess they are either lying, or James Simons gave them his quant black box code, which they obviously improved!