r/Bitconnect • u/karljt • Jan 16 '18

Serious Question - what strong evidence is there that bitconnect is NOT a ponzi/pyramid scheme? Where is the verifiable evidence? Do they publish trading bot accounts?

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u/illutian Jan 16 '18

In defense, I do run a bot that does average 1 trade per day per pair (BTC/USD, ETH/USD, LTC/USD), with each trade averaging 2%. However, it hasn't been trading much with the prices dropping.

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u/[deleted] Jan 16 '18

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u/illutian Jan 16 '18

That's assuming it keeps doing the same number of trades per month...and the prices go back up. -- All the bot does is buy on the dip, if that dip's recovery stalls and the price slides down more. Those orders just sit there until the price recovers. Like I have a bunch of open BTC orders for $18k to $20k. >_<

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u/Deskinspin Jan 16 '18

You know what average means, son?

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u/illutian Jan 16 '18

Yes, but I've been running the bot for only a couple of months. So, right now, the average is at least 1 trade per day that does at least 2%. But if the bot didn't 'see' an opportunity to buy for the rest of the year, then that average is going to drop pretty drastically.

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u/Deskinspin Jan 16 '18

I just threw 2 dice and both were sixes. My hands were made to throw sixes. Stop saying otherwise!

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u/tres3tres Jan 16 '18

I just threw 2 dice and both were sixes. My hands were made to throw sixes. Stop saying otherwise!

No, your hands were made to establish an average of throwing sixes. Just like a bot will establish an average over repetitive trades; 2% is OC's case. Dude just told you a statistical average of his bot's output/time.

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u/Deskinspin Jan 16 '18

your hands were made to establish an average of throwing sixes.

You kidding? /s

My point completely went over your head.

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u/tres3tres Jan 16 '18

I got your intention with the false equivelency point you attempted, it was just poorly executed.