You are viewing a single comment's thread from:

RE: Bitconnect Is A Scam - Red Flag #1: These Gains Are Impossible - Don't Make Craig-Grant Your Next Pirateat40

in #bitconnect7 years ago

If you read the linked article on virtu trading, the only way it achieved its results was because the market consistently rose. If bitconnect is the same, it will fail in the event of a down turn in the price of bitcoin. As the market has been rising this year and they pay out returns in dollars not btc, they could have prob just held the btc and sold it when needed to make redemptions! They would still make a profit. Let's see what happens if the price of btc crashes for a sustained period

Sort:  

Yes, if the price of btc crashes we will see for sure what is going over there. I agree.

Virtu made their money from their Algo from frontrunning orders - market goes up or down is irrelevant.

Pls take a look at my post and let me know your thoughts on the point that btc prices falls:

https://steemit.com/cryptocurrency/@ka82/bitconnect-investment

Coin Marketplace

STEEM 0.18
TRX 0.13
JST 0.029
BTC 57824.98
ETH 3133.87
USDT 1.00
SBD 2.42