Alright, Batman! Like what I said above, I'm not forcing you if you're not into it.
I don't want to defend Bitconnect because the coin can prove itself. But in response to this great conversation of ours. Here's my personal "not copypasta" opinion about this and to some of those frequent accusations.
My question to you was, why is it a ponzi?i
... because Bitconnect offers unrealistic interest.
Nope. We have days with 0% interest, it actually happened few days ago. Daily interest is not guaranteed. It is in their Terms of Use and the link is readily available before you invest money to it – that is if people read that.
Have you tried trading in the legacy market? You'll get this "unrealistic interest" too ON YOUR OWN. But not all people are good players in legacy market. Bitconnect has this trading "bot" that will do it for you. You don't have to stare in your screen to wait for bearish or bullish trend to buy or sell, respectively. You don't even have to wake up early and waste your time to stare at the chart. They'll do that for you. And you get percentage of how much they earn/win for that day. And to make it clear, we're talking about just ONE of the services that Bitconnect offers.
...because you just want to profit from all these noobs who follow your referral link into the scam.
You have your own free will to remove my name in the Sponsor text field while you sign up. C'mon! We're humans here. I don't have control to your mind and keyboard. I know some people who I introduced this platform and did it. Just for their satisfaction that I don't get commission from them but it's cool, totally. I'm still friends with them. Human relationship is out of this platform.
...because I don't know. I just saw about Bitconnect and a lot of people are saying it is a scam.
Sign up in Bitconnect and do your research INSIDE the platform. You don't have to invest money when you sign up. You can just sign up, roam around, and leave if you're not into it.
...because of their referral bonus.
You don't actually need to refer people to make profit from Bitconnect. It is not even the main service that this coin has to offer. Investing your money is just one of the services. You earn from it without referring anyone to the platform. But if you hear/learn about Bitconnect from me, putting me as your sponsor is just like a thank you token from what I did. But like I said, you have your own free will to do that. I even offer to return my 5% commission of your first investment back to you. You could stake it or trade it again into Bitcoin. Now, that's THREE of the Bitconnect services.
Just like any coins in the market, you can MINE, STAKE, TRADE, or INVEST your money. Staking, trading, and mining are the other ways to make profit from Bitconnect. But holding coins are not for all people. You're smart, you should know that.
...because of the compounding interest.
You have your own control to the interest you earned in Bitconnect. You can reinvest it or just withdraw it to your account. Capital is released after number of days. It will not be included to your active investment after x days, meaning you'll not get interest for it anymore. Unless you invest it back again.
...because they are unsustainable.
I'm tired of typing but I'll let these numbers speak.
BCC/USD - $241.58 (Close value at 11/11)
Circulating supply - 2,138,092 BCC
Total Supply - 8,392,580 BCC
Max Supply - 28,000,000 BCC
I tried mining different coins before, it is not practical for me doing that in my personal machine. I did some research and just showing what may work out for me in my videos.
At the end of the day, you have your personal choice on which coin/s you like to invest your money with. There are ~1300 cryptocurrency in the market. I picked at least 10 coins that I like in the top 25 and that's my choice.
BCC is a blockchain, bitconnect.co is an exchange. Don't blame it to BCC, it is just the volatility of Bitcoin price this year.
There's nothing either good or bad but thinking makes it so. :)
So you just copied an FAQ or something? It's a ponzi... How stupid are you if you really believe it's a legitimate company? I agree we shouldn't blame it to BCC. We should blame it to the stupid people who are investing in BCC and especially the selfish referral link advertisers of Bitconnect, like you.
When people finally figure out Bitconnect's lending program is just another ponzi, BCC will fall. You can call them 2 separate things, but when one falls, the other falls just as hard.
To your last statement of "There's nothing either good or bad but thinking makes it so. :)":
Incorrect. Things can never be good or bad. Thinking only allows us to perceive it as good or bad. Even when we think of something, it can't be bad.
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It is not copied from an FAQ because that's my personal opinion.
I think you're not reading my response or just skimmed through it. Maybe you're just a troll but feel free to comment as much as you want and I'll respond with my own opinion.
Yes. BCC will fall like any other companies do. When people stop using the exchange, it will just basically dies. There are 2M coins that circulate in the market, and there are 8M coins available. The coin is just circulating about 10% of its max supply. And people continue mining and staking this coin, check this link. Investing is not the only service that this coin has to offer.
We're back to this "selfish referral link", you can sign up and have the free will to remove whoever is in the Sponsor field. A sponsor is just a person who introduces you to the platform and supports it. It is just a thank you token for the work and time that the sponsor has given to you. For video bloggers, it is not easy to create and think of a content for our next videos. It takes time.
Bitconnect.co is not the only an exchange that offers a referral program. Check Cryptopia, Kraken, HitBTC, Coinbase/GDAX, and much more. Also, the reward for referral in Bitconnect.co is reduced a lot a year after their ICO because it's not the main service.
My point is, try it out. Sign up and observe what's in it for you. If you still don't like it, then move on. There are a lot of people who got introduced and educated to cryptocurrencies using this platform. And you can't deny that it works for them even without the referral thing.
BTW, the quote is from Hamlet and use it so I would not be too optimistic nor pessimistic about anything. And Batman, use your words carefully. I'm cool but not all the time you'll know who's on the other side of the keyboard. I hope we'll get more formal, smart, and friendly conversation later on. Different opinions, no need for too much hate. :)
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I have read your reply thoroughly. It's non-sense.
I'm not a troll. I'm fighting evil. Would a troll do that?
I know you can remove the sponsor code, but you are advertising bitconnect purely for your own profit. Just because I can remove the sponsor code when I'm investing doesn't change anything in the fact that you are advertising bitconnect purely for your own win.
I know Bitconnect is not the only exchange that offers a referral program and just because it has a referral program doesn't make it a scam, but it has a lot of other scammy elements in it.
Your point is crap. I'm not going to try out a scam. That's the dumbest thing I could possibly do.
Nice & all, but please think about what you're saying before you're saying it. The quote is nonsense.
It's not just "different opinions". If someone murders 30 people, would you accept it if he said "Oh, we just got different opinions... No need for too much hate! These murders were OK, as it's just my opinion that they had to be murdered!"?
Would you? I wouldn't. Although it's a less extreme case, you are still leading people to a scam for your own win, which is almost as bad as scamming the people yourself.
It's not just different opinions. You're a bad person. I don't like bad people.
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