RE: The BitConnect scam exposed

You are viewing a single comment's thread from:

The BitConnect scam exposed

in scam •  7 years ago 

Took hours but went through. Thanks.

Were you running the bot leading up to the fork? It went crazy with huge returns, lending at 0.4% and more! The "Year, Compounded" was over 200%!

I have a feeling Poloniex did that in order to capture more BTC, as there's the "xdaythreshold" and "xdays" settings... I think it was rather slimy of them.

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!
Sort Order:  

It wasn't them. I was using the bot during the split, but I was only lending stellar and dodge. I kept my bitcoin out of lending, to get bitcoin cash. The reason interest rates were so high is because many others did what i did, so the supply dropped dramatically. Low suply + high demand= high price, or in this case, return.

Perfect, that explains it, thanks!

You're welcome. Glad I could help ;)