Well, I have to give it to them (that nobody knows who are). This ponzi scheme is really well executed and is going to be something for the history books. Wouldn't surprise me if it goes much higher before the shit hit the fans. Obviously a lot people made insane amounts of money with this wealth transfer-machine.
A part of me wished I didn't understand mathematics, logic or moral a year ago. It would definitely have taken me much further today, haha
A part of me wished I didn't understand mathematics, logic or moral a year ago. It would definitely have taken me much further today, haha
I have to agree. One of the most impressive Ponzi's EVER!! The execution of the apps has been very convincing and they will be rewarded with millions of dollars from naive investors.
How much capital do you think will flow into this before it collapses? From the volume of the people depositing and the amounts I've seen I think upwards of $100 million.
Its pretty hard to know for sure how many people are in this. The blockchain shows about 9000 accounts. But I think they are probably giving out the same addresses multiple times to different users to keep the number of wallets manageable.
Have a very careful read of Part 4 of this investigation:
https://steemit.com/bitconnect/@cryptick/bitconnect-scam-how-many-people-are-involved-post-4
There are 24,000 members in the main facebook group alone. So surely a majority of those are invested? Plus there are many other groups. Some youtubers have over 2000 referrals etc etc.
The blockchain does not lie. There are 9000~ BCC accounts. But there are almost certainly more than 9000 members.
10 wallets, yes TEN wallets own 70% of all BCC. Thats a face value of $900,000,000+. These large accounts have 100% control over the BCC price. Very easy to manipulate the price.
Edit: correcting wallet numbers.
Funny Craig Grant cashed out most of his BCC for BTC already. He must not have that much faith in the bot 
we might only get 20% a month soon instead of 40% 