The Bitconnect FLOW - HATE IT, LOVE IT, Here Are Some MARKET Facts
VIDEO DOWN BELOW
There are people with some strong feelings both good and bad on the Bitconnect Token. The reason it's so highly argued about is that it's a top ranking token on the crypto market and all high ranking coins are highly speculated on.
Thus you have some strong opinions on this Coin.
BOT FACTS
- EVERY BANK on wall street uses bots to do trading today. The DOW, NASDAQ and all exchanges today around the world are traded with bots. Numerous articles have been written by Bloomberg, FT and all major financial reporting media about this fact and how it's not going away.
- Banks have been using bots now for almost 2 decades to trade stocks and commodities
- Banks use bots because they are guaranteed money. GUARANTEED MONEY! Maybe not every day but over time they will bring in way better returns than human traders. A bot can make split second decisions where a human cannot.
- Bot technology, hardware, software and code are some of the most closely guarded secrets in the financial world.
- Bitcoin/Crypto bots are now available for purchase and development by a number of companies online. The most popular being HaasOnline which has a starting price of less then $250.00
Hate bitconnect or love them. They could be a scam and everything you do in life involves RISK. But that does not change the above facts.
ANSWER THIS QUESTION:
If the above facts are true and the rest of the wall street and financial world uses bots, why would you not believe that the technology from that world would not spill over into the Crypto world?
Not to mention the bitconnect coin has been one of the more stable coins on the market right now in these volatile times. You can use it for lending or stake it in your wallet for gains. Not too shabby.
I've noticed that....usually when the rest of the market is down double digits, it's only down single digits.
Do you know then what makes it more stable than others?
yes, the BCC coins are tied up in the loans. You can't drop a coin instantly that is tied up for a certain amount of time. Wall street does this too in some mutual funds, hedge funds and others. Some of them tie up money for a certain amount of time and so they are less volatile. CD's work this way, the longer you lock up your money, the bigger the interest rate. Banks use that CD money to trade with bots.
Like locking your money up on Steem Power.
Excellent example....thanks @konelectric
Ah, yes...that does make sense. Thanks for the clarification Zac!
bots for trading is one thing.
bots for curation is something else.
bots have their place...voting for posts is not it.
I'm not sure I understand. I have a bot that votes for people who write content that I enjoy. I want to make sure I don't miss any and help get them more exposure. Yes that earns me curation rewards...so I'm not sure I understand. I'm not just upvoting anyone and everyone...only people I enjoy the content for. You've been here a lot longer than me so I'm sure I'm missing your point.
Ummm....what would you do in a bookstore? Would you buy their stuff "to help them get more exposure"? Or buy it because you like to read it. Back in the day I'd drop $200 at Barnes and Nobles in one visit...not once..but quite often. (I've spent thousands of dollars on books in my life) I only bought what I liked. If it cost you to vote....who would you cast your vote for?
I contend that "curation' means actually reading, then evaluating whether what you read is good or not.
"curation bots' at best are much like mommie putting jr's crayon drawing on the refrigerator door. At worst they are like mosquitos.
How many people do like you do?
How many people 'release the swarm' of parasites?
Good thought.
Nice, good summary!
Shared to get folks thinking!
Great post thanks buddy.
i love bitconnect!!! sign up https://goo.gl/nsoiH2
good post