Bitconnect claims it has a trading bot which buys Bitcoin when it's low and sells it when it's high. It uses your loans in order to carry out these transactions and then pays you part of the profits daily.
Now here's my issue. Just recently Bitcoin shot up to it's all time high and then dropped a hell of a lot in the space of a few hours and then went back up again.
Now correct me if I'm wrong but their "Bitcoin volatility software" should of made a killing here, selling their Bitcoin at $11,000 and then buying back at the dip?
But here is the interest for the days in which this massive rise, fall and rise again has occurred and yet the interest for 01-12-2017 is 0.19% , one of the lowest I have seen.
So what's going on here? Obviously there is no Bot and if this is true then the entire platform is built on a lie.
As usual thanks for listening
Happy Steeming Steemers and Steemettes.