BitConnect - I asked, they answered. Is it crap?

in #bitconnect7 years ago (edited)

So I decided to ask BitConnect the following in a support ticket. What are your thoughts on the response?

Subject : Other
Title : What's your incentive?
Message : I'm just curious - if you are achieving +1% a day, and have full time employees - then why not just set aside $100k, compound it with your lending and retire the whole company in a year or 2 with a few billion dollars. The returns are crazy! I hope they stay this way. Thanks :)

The response I got was this:

We still trial testing everything based on volatility software. We are planning to update volatility algorithm adding more cryptocurrencies. The 1% daily is not guaranteed by system, it depends on market, some days it may be 0%.

So take from it what you will. They were straight up about interest having a possibility of 0%.

I'm not going to link any affiliate stuff. I got flagged for it when I wrote an objective piece on BitConnect outlining the risks, and that it's not all guaranteed sunshine and happiness.

Sort:  

you heard about the recent ethtrade.org scam,billion of dollar laundered by them.dont trust anyone.always keep your precious cryptos with ur private keys.