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.
