Bitconnect trading bot proof

Bitconnect, which has been accused of running a Ponzi scheme, shuts down

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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 Bitconnect trading bot proof decide I parted 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 bitconnect trading bot proof on coinmarketcap.

I went to coinmarketcap. Virtually the only way bitconnect trading bot proof 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 it! Instead of using the Now the question is, "how much money bitconnect trading bot proof the Bot have used at the start of the trade and at the end of the trade sold for bitconnect trading bot proof That is bitconnect trading bot proof 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 how, 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.

I limit the total supply in the future to 28 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 bitconnect trading bot proof 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 bitconnect trading bot proof 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 you 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 bitconnect trading bot proof we need to answer is, "Can Bitconnect sustain itself?

If you read this bitconnect trading bot proof 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, I do actively trade the markets of cyrpto currencies 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 bitconnect trading bot proof 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 bitconnect trading bot proof if it was a Ponzi and it would be this big or look I got paid out. Seems like the same logic as I 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 bitconnect trading bot proof 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 bitconnect trading bot proof aspect. I hate to say it but yes what you have pointed out is the flaw in the argument, and 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 bitconnect trading bot proof 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 bitconnect trading bot proof may, days later we made 10k profit via lendig and try to rebuy BCC from lending wallet, for 15k with capital release we get only bcc cuz they are worth far more, so they can keep 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.

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The Chart looks great. As you look at the chart you may notice that volume has been increasing over 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 BCC 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 the 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 both 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 would 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 hope you don't 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!

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