Proof there is no bitconnect trading bot

In depth explanation of what I believe is the actual trading bot in BitConnect and why it might not be a scam after all. I have recently learned of BitConnect like many others. By looking into other cryptos that offered alternative and innovative ideas. Ever since then, I have been almost obsessed with trying to understand its incredible returns and find out if this is a typical Ponzi Scheme.

I've been reading loads of information on forums and sites and watching tons of videos on the subject. I have come to believe that I think I proof there is no bitconnect trading bot understand how BitConnect functions.

And this is my attempt to explain it. I have encountered many different reasons why people believe Proof there is no bitconnect trading bot is a Ponzi Scheme.

Because of this, I will be mainly addressing the arguments on this article. I also address some other arguments that were not included in his article but that I found, appeared quite often in Forums, Videos and Comment Sections around the web.

The money is made with a cryptocurrency trading bot they have created. And I believe this is exactly what is doing. Unfortunately, while claiming that BitConnect is not innovative enough, he does not mention other promises. Some that came true and some that are still to happen. The only thing this claim actually proves is that they did not hire some individual with good grasp of the English language to write their website content. Too good to be true returns.

So far BitConnect has been producing these returns. So a too good to be true return is only a truthful claim the moment that those returns are not met, just because they are too good to be true does not mean they are not true. And yes, I am aware of the fact that ponzi schemes work until they stop working.

But I'm only mentioning this because this is not a valid proof or at least not yet that BitConnect is a ponzi scheme.

They don't ask for BCC, their own currency, they ask for Bitcoin! Because their currency will become worthless as soon as they close down the site, but Bitcoin will still be valuable. Because their currency will become worthless as soon as they close down the site? The claim that their currency will become worthless as soon as they close down the site is not true.

The currency will become worthless as soon as people stop using it. People can still mine and use the currency if they close the site tomorrow. The wallet is out there for any to use, and miners are still mining the bcc. Either through PoW or PoS. The only thing that will be worthless if they shut down the site tomorrow is all those returns on investment and the great majority of bcc's in existence. That is, if they don't trade them on some other Exchange. You buy BitConnect with your Bitcoin from their exchange, with other Bitconnect holders.

This is very important to realize. Anyone can trade BitConnect for BitCoins and vice versa. The developers do not have exclusivity like this article seems to suggest. The market is volatile, price goes up and down according to demand.

Just look at BitConnect's trading history. The interest is paid in Bitcoin. And this is the most important part of it all. So important I will repeat it again slowly:. I believe this is almost correct. Another very important clue. This helps to bring a ton of people to the site. It's a snowball effect: The funds of new users are used to pay the old users. Almost everything is correct here. Their marketing strategy functions exactly as stated, except proof there is no bitconnect trading bot one thing.

To claim the funds of new users are used to pay old users is just speculation. There is no actual proof this is what is happening. They also have a ton of Bitcoin to sell, but at this point it's worth a lot less than the total amount of BCC they have.

They then disappear with all of the money. Again these are unfounded claims but at the same time they proof there is no bitconnect trading bot much explain exatcly what potentially could make this system work but fails to realize that. Are ICO's proof there is no bitconnect trading bot big ponzy scheme? What if the bots, are actually doing their job. According to BitConnect's website. This is what the TradingBot does: The Bitcoin Price Volatility Software calculates interest in real-time for you, so you can monitor profit at any time.

Increased volatility means there is greater uncertainty on the returns of your investment. Again, let's pay attention to what it says: Nothing else nothing less.

And to give people credit, it pretty much, says nothing at all. If this was lost in translation, or if it is deliberately meant to mean nothing is unknown. Probably the latter I suspect. The interesting part is what they claim in another part of the site: Again we are back at the trading bot. Now if this trading bot exists. How could it be that we don't see it trading on major exchanges. This is another claim as an argument why BitConnect is a scam.

What if the thing that keeps BitConnect relatively stable while other coins are fluctuating like crazy, is proof there is no bitconnect trading bot actual Trading Bot? The great majority of people flock into BitConnect because of the promises of great returns. Thegrinder actually explained quite well, how the system works when he said. Who do you think is probably buying your Bitcoin when you trade it to bcc on their exchange?

Who is taking your bcc after you lend it for profit based on fiat? And while doing it, sharing a small amount of it's profits with the rest of us? That is a fold increase in proof there is no bitconnect trading bot value in less than 8 months.

This tells me 2 things. Either we are talking about massive whales involved in BCC. And these guys are proof there is no bitconnect trading bot lending their money back to the bot for insane returns. Or another option, which I think is more likely, is that these are all the bot's bcc.

If these are the bot's, the only reason I can imagine they are sitting in wallets with only 5 transactions in each, with each transaction happening 1 month from each other is because these accounts are staking the coins.

Obviously these are not all the coins the bot potentially has, after all it would not be able to perform its daily trades if it kept all its coins locked in 7 wallets. If we take just the 1st address, the one that contains 1, bcc. In one month that one address will generate in today's bcc value proximately 6 million dollars in PoS.

But it does not end there. Remember our good old friend, the compound interest. Well, staking also works proof there is no bitconnect trading bot way. But the bot knows it can stake those coins for a minimum of 4 months, cause that is the minimum time it will hold your coins for. Well at the end of those for months the bot will have generated a total ofnew bcc.

That is a Proof there is no bitconnect trading bot let's not forget that this is just staking gains. Only that the bot now knows for a fact that, that initial investment will be locked in the system for at least 4 months. The bot never promised you your 20, bcc back. It promised your 10, fiat dollars back. Which if locked for 4 months would be worth around a mere 2, bcc by the time it had to return your initial investment. What about the daily returns you might ask. Well, there are 3 options you can do with those daily returns.

BitConnect loves when you do that. That way the money is just parked there while the bot makes more money with your initial bcc. Trade to bcc You are forced to do this option if you want any other options. Well, guess who is more likely to be selling these bcc to you?

I can prove what the maximum possible profits from Bitconnect's trading Bot! Because Bitconnect is traded on a blockchain, coinmarketcap. So, we both make a transaction via a marketplace using something like Gemini.

Later in the day I decide I proof there is no bitconnect trading bot with my CC too eagerly and want to buy at least one of them back. Let's go back to the simple example to explain the concept. Let's pretend that the data below was published on coinmarketcap. I went to coinmarketcap. Virtually the only way to acquire Bitconnect Tokens is by using Bitcoin. The data looks like the images below - just many more lines of it.

Other than the dates all units are USD. That is a price change from low to high of 0. Now these exact ratio likely did not ever occur because the price of Bitcoin likely did not hit its high for the day exactly when Bitconnect hit its low etc. In fact if we look at the daily chart available on coinmarketcap. That is a peak to valley price rise of This is good because I don't want to short change the Bitconnect bot when I calculate the max profits possible.

If you want to please do that and send it to me. I don't have the time and don't need it to prove my point, but I want that data if you get proof there is no bitconnect trading bot Instead of using the Now the question is, "how much money could the Bot have used at the start of the trade and at the end of the trade sold for a That is a lot of profit, but does that tell us anything?

Yes, it most certainly does! That means the profits were only about 0. If we calculate this for every day we find that the average max profit is 0. As you know 0. Please, if you know proof there is no bitconnect trading bot, do tell! Let me paint a scenario for you. Say I want to make a new crypto currencies called CharlieCoin - the fake coin I chose earlier. Proof there is no bitconnect trading bot limit the total supply in the future to proof there is no bitconnect trading bot million coins, and I do a pre-mine so that I have 5 million coins.

I set the rules to have Proof of Stake. As time goes on I get more of the 28 million coins just buy holding my 5 million. Unfortunately, I don't know any way to really make my coin better than Bitcoin.

The first person I talk to asks, "why do you need me to buy the coin from you and lend it back to you? You already own the coin don't you? I find enough people who don't ask that question and just buy my coin, and call anyone who does ask that question a hater.

As more people buy the coin they push up the price. As this happens I become richer and richer. More people hear about my offer and more people begin to add money. How could a coin with the market cap in the billions be a scam? I even add in a little extra incentives to get more people to lend me the coin.

We all know how exponential growth works - really fast! Before you know it, I have run out of people who don't ask the question, "why do you need me to buy your coin from proof there is no bitconnect trading bot and lend it back to you. As this happens I start to sell my 5, coins to pay the people back. As I do this the price starts dropping.

More people sell the coin. Fewer people start investing. I realize that I can either sell the rest of my coins now and not pay the lenders back, or I can continue to sell my coins over time to pay people back as needed and eventually I will run out of coins.

Either way it comes to an end. The question isn't whether the creators of Bitconnect are scammers or not. I have my own very strong opinion on that, but the real question we need to answer is, "Can Bitconnect sustain itself?

If you read this an even think Bitconnect might not be sustainable I encourage you to share this idea with people who are invested or are thinking about investing. Thank you for reading.

I hope you have enjoyed it and learned something. If you would like to take a look at the Excel sheet I used to produce these results just click the link. Bitconnect Proof rev 3 public. As some of you know, Proof there is no bitconnect trading bot do actively trade the markets of cyrpto proof there is no bitconnect trading bot and stocks.

If you would like to find more information like this I encourage you to follow my blogtwittersteemitor Collective2. Putting to one side the implausibility of the high returns, an argument as to why it is a scam - and not an ingenious investment scheme that no hedge fund manager has ever thought of, is this: There are several posts on the same topic. The last one just deals with my conclusions, but the earlier ones have hard numbers and research.

In my experience, it is almost impossible to overcome the juggernaut of Faith-based investing such as the type being perpetrated by Bitconnect. Because the bank wouldn't approve them otherwise. I like that comparison and thank you for the compliment. I don't know if I am patient or just like hitting my head against a wall haha. I have had people say it wouldn't be around this long if it was a Ponzi and it would be this big or look I got paid out.

Seems like the same logic as Proof there is no bitconnect trading bot once had a family member get involved in the ZeekRewards Ponzi. This person told me for months that it was a good idea. I did go blow that money on a nice bicycle that I enjoy very much and call my Zeek Bike.

It serves as a great reminder to only invest in what you understand and to be willing to stand against the herd. There is one thing that I don't understand. In my understanding, the "Trading Bot" buys Bitcoin cheap and sells off Bitcoin at higher prices. And that is how he generates profit.

Not by trading Bitconnect Coin against Bitcoin. So all these calculations make no sense, because you totally miss the point. You should do them, with the volume of Bitcoin and then we might see, that Bitconnect could eventually be real.

I do have an active loan on Bitconnect, so my view might not be clear. But I think that you missed the point in this article, though I enjoyed reading it. Yes that is the most reasonable argument against this. Your reasoning actually is very clear on that aspect. I hate to say it but yes what you have pointed out is the flaw in the argument, proof there is no bitconnect trading bot I will admit that I am rather biased to calling it a scam.

You seem like a reasonable person and I am interested in your opinion. I have two questions. Why do you have a loan rather than simply holding the token? In almost any period longer than about 6 months the token has outperformed the loans and does not require you to lock up your capital. Also, do you really think the bot is real and the source of the profits. If it isn't real I don't know how they could be profitable in the long term.

I think there is a way for me to figure out the max they could have been trading BTC with at any given time and do the same kind of analysis. It will probably be two weeks before I get around to it.

Well, I think they do have various ways to earn money to pay their customers. We buy coins for 5k in may, days later we made 10k profit via lendig and try to rebuy Proof there is no bitconnect trading bot from lending wallet, for 15k with capital release we get only bcc cuz they are worth far more, so they can proof there is no bitconnect trading bot the rest and profit from bcc price raise 4. All together this is a lot of money which they make.

I dont know yet. With compound interest you will earn far more after a certain period of time. And BCC increased its value drastically since Junuary, there is no warranty for this to continue.

Though it is possible. It is the compound interest that is key. The interest on interest is what will blow out. Just depends if people keep investing and bitconnect survives long enough. Holding the coin also gives you compound interest.

The Chart looks great. As you look at the chart you may notice that volume has been increasing proof there is no bitconnect trading bot the last few months with the price.

This would be expected. And you may be kicking yourself for not having bought some in the January when the price was low! The whole thing is a con game and a fraud. But right now we are focused on market volume. Almost all of this volume is on the Proof there is no bitconnect trading bot exchange. That is a private exchange run by the same crooks- I mean people- who run Bitconnect. That means this is not a liquid cyptocurrency. It can be traded on other exchanges, but most volume is part of the pyramid scheme — I mean investment program.

I trust proof there is no bitconnect trading bot dates. I think it is all fake, a con game, manipulated and made to deceive. Bitconnect closely controls the supply of the BCC coin. As more people come in they jack up the price in a complicated scheme —but that is allegations for another time. Well, volume did trade somewhere. It could have been a bot moving coins back and forth! Imagine, some programmer might give a bot several hundred coins.

Then program it to move those coins every few minutes. One bot, could have addresses associated with it. It moves the money from address one to address two.

Then from Address two to address one. This bot could move transactions a day, meaning it made about round trips. This bot could work day and night for 13 days. It could rack up 32, coins moves which would represent 3.

Who would do such a thing? Yep here is the proof! Now I will admit I am not a complete block chain expert yet. However, as I have been looking at the blockchain I have seen a lot of unsettling things. People still need to look at the blockchain to verify things are right.

And from what I have seen there is a whole lot of funny stuff going on. My primary point with this post is that artificial volume is being created. I also think artificial volume is created in other currencies so this one is not alone. That said this artificial volume is a red flag. How much of this volume is artificial?

I am not sure yet. I am open to suggestions. I would guestimate at 7, people in the scam with about joining every day. That would be 70 people. When not enough new people join; Ponzi schemes collapse. How many Bots are there? If you know an easy way to find that answer let me know in the comments!

If someone else has a better explanation on why there is all this activity in the BCC blockchain. I am very interested. Please share your ideas in the comments below. If you missed my fist post Post 3 Guess when BitConnect will implode! Post 5 Inside the Facebook Profile of a Scammer. Thanks for posting this! I saw this one first, then read your first post on it. Great analysis of the blockchain bots!

I made a comment on the other one that I had written up an analysis of BitConnect a couple months ago, I hope you don't mind my sharing it on proof there is no bitconnect trading bot your posts hope it's not perceived as spamming -- it can't be upvoted any more; I'm just sharing the information:.

I have some more posts coming to support this theme; it just takes time to completely document and show what is going on! Excellent, I've followed you. Know, though, that I'm recovering from multiple concussions and might not remember past interactions -- the four major symptoms being forgetfulness, headaches, sleep issues, and irritability. I've been telling people to avoid bitconnect for some time now, but it's good to see someone showing why!

Thanks for eye opener. With your capital back you can play the game much safer. Unfortunately, as you likely saw from my other blogs, these are all guesses based on questionable data. Glad I was able to open some eyes Inside the Bitconnect Trading Bot.

This sort of looks like a legitimate cryptocurrency. Looks can be deceiving! Yeah, it is that bad! That said we will work with what we got Do these volume numbers mean anything?

Why would they do that? This would make the currency look more liquid. It proof there is no bitconnect trading bot make the scam look better. It makes the block chain more confusing so it is harder to see how they are cooking the books. Having a top crypto currency really adds to the legitimacy to the scam. Authors get paid when people like you upvote their post. I made a comment on the other one that I had written up an analysis of BitConnect a couple months ago, I proof there is no bitconnect trading bot you proof there is no bitconnect trading bot mind my sharing it on both your posts hope it's not perceived as spamming -- it can't be upvoted any more; I'm just sharing the information: Great thank you, will check it out!