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RE: BitConnect Scam: How Many People are Involved? Post 4
I have had some interesting discussions with others who think these numbers may be too low. There is a high probability that all the numbers are made up and there is no meaning to them. That said, here we see the number has grown to 7866. That is roughly 100 people a day joining recently. A Ponzi scheme that pays 1% a day has to grow at one percent a day. This growth is also compounded. So if you see these numbers. in a month, they will be very out of date. A 1% growth daily means 10,000 in a month and 14,000 in two months and 46,000 in 6 months.
Well it keeps growing about 8,240. Price of BCC is up to $141 that is 1.1 billion fake mar cap
$160 Interestingly the price continuted to rise today while almost all of the alt coins took a big hit.
Oct 15 2017
Slowing down?
I am also a little suspicious that people join faster on the weekends. I haven't really tried to break it down; but as a network marketing company it would make sense that people would have more time to tell their friends on weekends than they would during the week, but I haven't pulled in data to prove that.
You make a great observation! While we don't have perfect numbers for seven days people joined at 65 people a day for 4 days people joined at 100 a day for 3 days people joined at 191 a day and for 7 days people joined at 25 a day. Take all these numbers with a grain of salt as date/time is not real consistant. Then I actually pulled my own numbers, not that I don't trust yours, but I noticed they went DOWN! I am not quite sure that that means? Are people leaving?
It is up to 12,000. Interestingly coin market cap adjusted the number of shares because it was beginning to look ridiculous.
Wow. It seems like ages since I wrote these articles. I see there are 27,000 people on BitConnect now. I really have not been following any news about Bitconnect recently. I see they have a new ICO. "BitconnectX" I also see texas regularators have finally woken up and issued orders/warnings against the currency. Maybe someone will finally wake. up.
Well Tech Crunch said Bitconnect has failed. I wanted to follow up with another screen shot of stats for posterity's sake. I find it interesting that according to these numbers the doubled in the last week. Seems odd. Of course, everything seemed odd about the Ponzi scheme.