RE: BitConnect... trading bot?

You are viewing a single comment's thread from:

BitConnect... trading bot?

in bitconnect •  7 years ago 

I have a theory on what's happening with bitconnect.
They have created a situation where there is constant buy pressure on their coin.
Their exchange accounts for 95% of all volume. Think about how many people are sending BTC to the Bitconnect exchange for the sole purpose of buying BCC to lend it.
Once you lend it they HOLD the BCC for up to 299 days. After 299 days of constant upward price pressure they give you USD into your lending wallet and keep the appreciated BCC..making a killing.
If this trading bot exists, then great. If it doesn’t exist, then I predict that an equilibrium will be reached at some point between investors cashing out and referrals lending in , and then the owner or owners of the platform will make an epic dump. Just a theory

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!