RE: BitConnect Was Not A Ponzi Scam
You did not give any reason why BCC was no ponzi scheme. In actual fact you say yourself it would have only worked if it was a ponzi scheme
The platform would not be able to sustain 100,000 users making $100,000 a day without any reinvestments. It is just not feasible.
So you personally think that new investors have to invest in order to pay the older investors. That is a ponzi scheme by definition. And I don´t understand why you think losses on other coins make BCC not a ponzi scheme. Other coins are not responsible for the scammy nature of BCC lending.
However I agree that people are responsible for their own investments and that you cannot blame cryptonick and all the other retards alone for this mess. You shouldn´t turn turn them loose though. For they are the people who got their profits from the people whom they dragged into BCC lately. if you think cryptonick etc have never payed out profits you are naive. The money they have on their fiat account or in other coins right now is to a significant part money that belonged to their viewers/followers. This is enough reason to be angry at these guys.
btw a professional corporation will never use pyramid scheme affiliates
I gave multiple reasons as to why this was not a ponzi scheme. i do not believe the company ran based on new investors paying old investors. I explained that their control of their coin was one way they made really good profit. Also, the crazy increase of Bitcoin given to the platform for the exchange of a fiat payout gave the company a drastic profit of massive proportion from the time of their opening. These two features alone would have generated the company BILLIONS of dollars.
Lastly, I covered the possibility of a trading bot and how I know individuals that personally use them to make really good returns on the crypto market. Cryptocurrency as a whole is extremely volatile and if you had decent programmers at the helm, then I do not see any reason they could not make decent profits utilizing one.