Bitcoin to $500000 in 3 years bitconnect loans are best
I have already explained by thoughts on BitConnect. I have done my own research and believe it is a Ponzi scheme and set to collapse. I will admit that I have been fascinated by the drama around BitConnect sort of like watching a high speed chase on TV. How much of Bitcoins rise is caused by Bitconnect? With very limited information, it may be hard to know; but lets take a crack at it.
Prices are determined by Supply and Demand. When demand surpasses supply, prices rise. Or when there is not enough of a good prices rise. That means there are blocks a day. That means there are bitcoins at day. Now we know that bitcoin price is rising, and rising substantially so we know there is significantly more demand than supply. While I have used this number a lot, I have my doubts about how reliable it is.
In fact I have my doubts about high reliable all numbers from BitConnect are. The other information I know is bitcoin to $500000 in 3 years bitconnect loans are best two of the big BitConnect Promoters claim to have made a bunch of money.
His you tube video shows This is a very large sample and we can get some numbers. If we look at the total loan volume and divide it by the people we can see how much each one is invested for. Now I do not know if CyptoNick is under Trayvon. If CryptoNick makeswith 4, people then Treyvon has 1, in earnings he should have 12, underneath him. That means with just the two of the top US people we represent 17, people and 33 million in loans.
Now I do not know how much of the organization this represents. My gut is telling me there are a lot of other people in a lot of other countries. I do recall there being a video online about a Vietnamese woman who also earned a million dollars in BitConnect, but lets just just take a conservative guess and say this represents half of the organization. So one estimate gives me 31 million the other estimate gives me 66 million.
Hey, they are all estimates. In order for a Ponzi Scheme to continue, it needs to grow. Some may take a lower number here of 0. OK lets go back to the supply of bitcoin. Each day there is 7. We can easily adjust to a higher current price we can just cut our results in half. Either way, BitConnect is potentially a very substantial single reason for the high prices of Bitcoin. Look at this chart. Now I make a lot of assumptions in the post.
I think they are well-reasoned open and logical. I have had some great discussions with other people who think my numbers were too low. I do respect their opinions. I really wish I had better data, or more ways to check these numbers. If you have some methods or ideas, be sure to share in the comments below.
I would even love to get several gut guesses. Now there are a few other factors that we might want to consider? Is BitConnect holding their earnings in Bitcoin? I am assuming they are. As a fraudster who might need to skip out of town quickly, bitcoin represents an easy way to hide and take your wealth. Given that they are smart, I would say they likely do a little of each maybe holding half in bitcoin, a quarter in US dollars and a quarter in cars, gold, houses, and dong the currency of Vietnam where some of the early members live.
We also are assuming the magically BitConnect bitcoin trading bot is not real. Now if it is real, how it could make those kinds of daily earnings, would be real interesting.
That would be a different article though. If BitConnect is a Ponzi Scheme; it will fail. When it does it could have a negative effect temporarily on Bitcoin; like previous major events. At the same time, if it is a Ponzi Scheme it could keep upward pressure on Bitcoin for a long time.
It seems as if BitConnect has a cult bitcoin to $500000 in 3 years bitconnect loans are best following. There are some other scenarios that are worth mentioning.
Currently, when you buy BitConnect you do a two part switch. First you buy Bitcoin, then you trade the bitcoin for BitConnect Coins. However the company has artificially limited the supply of BitConnect coins. When you start a loan you might buy 10 BitConnect coins, but then when you end the loan; they will give you back 1 coin, because the bitcoin to $500000 in 3 years bitconnect loans are best are paid in dollar value of the coin, not bitcoin to $500000 in 3 years bitconnect loans are best number of the coins and the price went up so much ; if BitConnect gets big enough, it could do that with the BitCoins.
BitConnect could get so big it takes down Bitcoin! Hey, these are some thoughts I have bitcoin to $500000 in 3 years bitconnect loans are best the numbers.
They are my best guesses, please share your thoughts with me. Sorry for the delay. I haven't forgotten about your great investigative work, I've just been under the weather recently.
The math appears reasonable. Even the use of ranges and estimation seems fine with me. It merely creates a probable range.
It's the sources that are horribly unreliable, as I know you are all too aware. It's interesting that many believe you are underestimating total loan volume. If anything, I would think it might be overstated That's just my hunch though.
In financial auditing there is the concept of directional testing, in which for a specific assertion of valuation we might ask would the party have an incentive to overstate or understate the item in question? I feel that it is pretty clear that the incentive for the sponsorship hustlers sadly the only available sourcesis to overstate their loan volume to the public to make the public believe it's a great investment this is similar to the directional incentive of publicly traded companies, I.
Of course, if Bitconnect. I won't be holding my breath for that day, as I'm sure neither will you. Sorry you have been under the weather, thanks for your thoughts. Yeah, your points of BitConnect having an incentive to appear more successful are well reasoned. We are all guessing with hunches here. Interestingly, enough if you average a bunch of good guesses it is statistically becomes quite accurate.
I took a specialized cave search and rescue class once where a search commander needed to deploy people quickly with very limited information. They found the best way to make a decision was to brief bitcoin to $500000 in 3 years bitconnect loans are best people who knew the situation and have them independently guess the probabilities.
Then take that result and average them. This was very accurate. The context of this would be we have someone lost in the cave the cave splits into three parts, which part do we search first, second and third.
What is the likelihood they are lost in each part. While more people did improve the accuracy of the numbers, after you had about people analyzing the situation each additional guess offered only a minor improvement. In a situation where timely action was important, this method offered a good concrete decision making framework.
I'm in BitConnect myself and has gotten my capital back, but not before started doing loan reinvesting so now. Once I got my capital back in August, I'm in the clear and I still earn some interest from those reinvestments until I get my capital back or BitConnect closes. Haven't got my capital back. I am sticking with the scheme. It is reassuring to know that one is in this knowing the attendant bitcoin to $500000 in 3 years bitconnect loans are best involved.
Moreover, we put in what we can afford to loose. BitConnect still rocks, for now. I'd guess at least 2. So 2 btc per day up to 10 or more.
These fees may just be enough bitcoin to $500000 in 3 years bitconnect loans are best pay server bills. Example-lets say i invest 5 bitcoins 6 months ago. Well the price of those btc was equal to 10K us fiat. At a return of.
So unless you are pricing this model in btc you can't account for the true winners here I agree with most of points 2 and 3. On point one I have looked partially into is bitcoin transactions.