Hello steemians,
Today i want to warn you about Bitconnect Pyramid scheme scam.
I will explain you why you should not invest and lend money on Bitconnect Platform and avoid to buy BCC token.
. Bitconnect promise you 1% average rate lending rate because a bot trade your liquidity on crypto market and you get profit from this trading activity.
1/ No bot on earth win 1% in average per day and Bitconnect website certainly don't proove or explain you how they achieve this performance.
Nowadays they is more than 70 hedges funds investing in crypto space, don't you think tey have the best trading algorythm available aswell?
Competition is not so low that Bitconnect bot arrive to exploit so greatly other hedge funds bots/ traders.
Do Biconnect invented a super bot beating all the competition ? NO or proove it.
Why Bitconnect bot don't destroy stock market aswell?
2/ Bitconnect marketcap has increased from 700k$ to 1.4 billions $ === x2000 . Is it sustainable? NO
To lend you have to buy BCC at 190$ now and lock your money for 3 months minimum.
When you lend for severals months you are betting on the fact the price of BCC will not decrease more than what you expect to win with lending interest.
Have you seen most of altcoins has been dumped for -70/ -80% in $ valu last 4 months?
Even if Bitconnect was not a scam after a x2000 increase in 10 months you should expect a sharp retracement.
3/ where could we see an audit of the trading bot activity to proove the 1%/ day is feasible? NO WHERE
Could we have an audit of available funds? NO
Why? you know why !
4/ Pryramid Scheme Referral system motivate users to hype the platform and attract fresh blood to feed them.
You can find a ton of videos on internet and blog post on steemit hyping BCC platform, showing you how much they become rich each day with this platform.
Have you noticed thay have 2 things in common:
-They started to invest early in the scam so they already have exited the vast majority of their profit, most of the money they win now is coming from the pyramid scheme refferal system!
-They show you they continue to invest in the platform to persuade you to do the same.
Have you realized they usually invest only 1/10 of their total winning (10% risk) whereas the new investor will take 100% risk for the next 3 months minimum (a 10k$ lending is locked for 3 months).
If they were so sure the platform will continue to perform as weel as before why don't they reinvest 100% of winnings?
Maybe they don't like to win money?
They know it is a scam and ride it to make the maximum money over news users , they are all BIG SCAMMERS! Prison is waiting for you guys!
5/ When more and more people will be able to withdraw money and adoption rate with new deposit will not surpass the amount of withdrawals.
As there is no bot printing 1% profit per day the pyramid scheme will be revealed , some people will start not getting back their lending initial deposit, lenders will not win 1% per day anymore, then the information will circulate on internet, less and less people will deposit money and lend, finally every lender will be stuck and they will never see their money again.
Bitconnect website could also go offline and founders fly away with hundred millions of $.
Thousand of investors will be ruined!
6/ 1% interest per day egal more than x6 every year.
Bitconnect Marketcap will probably go to 2 billions $ at the end of 2017.
Let say 50% of Bcc tokens are used in lending, i don't have the exact number if somebody do, let me know.
1 billions $ in lending x6 => 2nd year = 6 billions, 3nd year 30 billions, 4nd years 180 billions, 5nd year more than 1 trillions $.
Yes it is a very simplistic estimation but do you see how unsustainable the 1% per day is?
Do you really expect Bitconnect bot to win 1 trillions $ next 5 years? i am not talking about next 10 or 20 years as numbers become totally ridiculous.
Are we all gonna be rich with dollars raining from the sky? NO
So don't be the fool buying BCC token and it is our responsability to expose these scammers.
We should not let them act so easily on steemit at least.
I will start to downvote as much as post oo videos hyping this scam on steemit.
