Gee, thanks for that. Nice recovery!
Because you can't determine what is or is not a ponzi, you may want to watch the following short video. He puts it into words far clearer than I can. Ask yourself how Bitconnect fits into the points listed.
https://www.youtube.com/watch?v=rNS90SUTVvY
Not sure if your trolling or can't understand what I said.
I don't care if this is a ponzi or not. It can be a ponzi if the trading bot doesn't exist but what if it exists? You can't prove or disprove it. This is a game to me I know the risk and I know the reward. I simply rather gamble on this than other altcoins.
That video you link doesn't mean anything.
Bitcoin can be ponzi 2.0 if Satoshi Nakamoto one day cash out all his bitcoins, which legally he can.
Satoshi Nakamoto got around 1 million bitcoins when he's the only one mining. He's at the top of the pyramid adopter #1. Then the pyramid goes downwards with different level of people holding x amount of bitcoin.
Some people put money into bitcoin because of tech, but a lot people put money into bitcoin because they think the value will go up. Which results in more and more money going into bitcoin as greed goes out of control. One good thing about bitcoin is that Satoshi Nakamoto can only DUMP once and that bitcoin won't 100% die off, but its value will take a huge hit if someone like Satoshi Nakamoto runs off after dumping. In the end early adopters are getting passive "interest" off bitcoin until the day they cash out. Do you not see at all bitcoin is very similar to a ponzi?
Here I can show u a link of a guy saying bitcoin is a ponzi.
https://www.youtube.com/watch?v=-JcaDEsXwMY
Doesn't really mean anything in the end. You got your own opinion of things and I got my own too.
Yah, Satoshi Nakamoto has a million Bitcoins. Sure, they're worth a lot of money!! If Satoshi dumped them all at once, he would be devaluing his own assets! Why would they do that? If they sold their coins over the course of a year it would suppress the price, but it would not destroy the price. Thats the worst case scenario.
Back to Bitconnect and Ponzi's. Satoshi has about 5% of BTC and cannot forever control the price of Bitcoin (you are 100% right here). Bitconnect on the other hand have AT LEAST 70% of all BCC tokens (look at the blockchain). Thats a ridiculous majority of coins which allows them to literally PRICE the tokens at whatever the f*ck they want!! You think Satoshi has market manipulation, check these guys out! If the price drops a bit too much for them ,they just step a few large orders on the exchange to level the price out to their satisfaction.
Regardless of whether you make money, this is a SCAM. If you make money you just took money from someone who did what you did but just came to the party later. There's always going to be more losers than there are winners. But theres only one REAL winner, and thats the owner(s) of Bitconnect who are going to walk away with hundreds of millions. He has you and his other promoters/minions/shills to thank.
BIIITCCOOONNEEEEEEEEEECCCCCCCCCCC
I love you man. no #homo if your actually a guy though.