RE: BITCONNECT: Problems Withdrawing BTC!!!

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BITCONNECT: Problems Withdrawing BTC!!!

in cryptocurrency •  7 years ago  (edited)

We did study Bitcoin.

The creators of Bitconnect will try to run it as long as possible. They will not be those who will shut it down. The reality will. It is not sustainable.

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7 years ago by

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      ·  7 years ago 

    I read your review and it has a fatal flaw.

    You use a simplified compounding interest formula and assume that the interest paid out every day is constant.

    Nothing could be further from the truth. I’ve not yet been paid the same interest amount and I’ve been in for more than a month. The daily interest payment is not guaranteed.

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        ·  7 years ago 

      Well, you can use the actual interest amounts for the formula. The result will be that Bitconnect is not sustainable. It does not change anything. We know that you defend Bitconnect because you've invested into it. Makes total sense for you. We understand.

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          ·  7 years ago 

        Yes, I am biased - I will admit that. And yes, it is totally possible that it is a scam. However there are other parts that you aren't taking into account.

        1. The fees on the exchanges and to make transfers
        2. The fact that your returns and principle refunds are in USD, not in the BTC used to fund them.

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