I believe they are the main reason why Bitcoin is no longer performing as well as it was. I noticed a significant change in the price action of Bitcoin after they implemented Futures Trading on it. They corrupt everything they touch. And there isn't a thing we can do about it, because they have more money than we do.
=====================================================
In many ways banking business also operates like a Ponzi, here is why:
1. Banks get fiat deposits from customers.
2. Banks use the deposit and with it automatically can leverage and create money by 10 times the value of the deposits by keeping 4 times as reserve depending banking FED rules and BIS (+/-).
3. With the 6 times exponential money created from a depositor they can lend money put at interest much higher than the FED discount rate in mortgages, commercial loans etc.
4. Bank operation expenses are recovered from Customer deposit fees, credit card fees and services so they do not ever lose any money.
5. Banks get fees and premium gains from making retail auto loans and then selling them out wholesale to Freddie Mac, Fannie Mae or commercial. The big banks invest the money in commercial developments, corporate loans, mutual funds and also trade stock market and commodities etc.
Banks are a money making machine association and as they say if all investors came in at the same time to withdraw deposits, banks would not be able to return money as they would be bankrupt,
I still do not see how can bitconnect be considered a Ponzi as they are sharing arbitrage profits share of 80% of daily arbitrage profits and keeping 20% from trading BTC as stated in FAQ. Daily % fluctuates and it is not guaranteed if there are any profits. The difference with the banks they do not share anything at the most give you half a percent on savings deposit. Who is really the Ponzi?
Because there is not trading bot, there never was. You really believe that they have this amazing trading bot thats making them millions?
If they did why on earth would they create any lending program? they would just keep the massive gains for themselves....there is not trading bot!!
[/quote]
How in the world would they make millions without money? - They needs us, and the coin, to make money!!!
Even with the best trading bot ever you need money to make more money!!! Thats the Game, They use our money to make their money. But thats Ok for me!!!
Where in the real world would you find a investment that gives you 20~30% per month for 120~299 days, and your money (USD) back at the End of the Plan???
I've seen a lot of people complaining that it would be much better to keep the coin and sell it at a higher price... Damm Hell it would be better!!! But 20% garantee of your investment at the end of the month is not OK??? GARANTEE!!!!
Rewarded Investments Companies in real World gives wealth people 2%~5% per Month, and they are not complaining... 20% is not Ok??
