You are viewing a single comment's thread from:
RE: Bitconnect and Steem are having the same trouble
The main point of bitconnect is to generate a consistent rate, but Bitconnect also probably doesn't have a trading bot and are just making there money holding BCC tokens.
Can't it earn really by lending money in BCC?
When you do a BCC loan you are lending it to a trading bot, as someone who has used trading bots in the past I see this as a scam. If it really is a trading bot why doesn't it ever lose money. All legitimate trading bots occasionally lose money, also no bot ever gets the rates bitconnect does. Also if its trading BTC then paying out in BCC there should daily be 7-14 million dollars in volume when they transact to pay people out alone. BCC has a total volume of 13 million assuming do you really think over 1/2 of that volume is coming from Bitconnect alone. This all seems like there just hoarding coins and eventually will exit scam everyone.