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RE: Prediction: when Bitconnect ponzi scheme will implode
Yeah, whatever they could make won’t be nearly enough to cover daily interests they pay out. I don’t know how much their book investment is (investment + reinvestments people hold with bitconnect) my guess should be at least 100m, so they need to pay out around 1m a day. While investors keep reinvesting they will be fine, but when they start withdrawing things will escalate quickly.
but it making them last just a tiny bit longer than other ponzi schemes
Yes it did, but clock is ticking. Their time will come soon. Hopefully more investors pull out their initial investment at least before it's too late.
well said