RE: Bitconnect in Depth Part 1 - The Bot by lingtriloquist

bitconnect · @lingtriloquist · Aug 15 '17

This was a good article Pete. However, I don't even think you need to write any more articles trying to prove the existence of the bitconnect bot because of what you said here:

"If the bot is trading with Bitconnect coin against the volatility of Bitcoin where is it trading? We can go to coin market cap and check which exchanges Bitconnect and Bitcoin can be traded at." 

This was great deduction from your end 👏👏👏

What's occuring is that the people who signed up on the bitconnect site (including myself) traded/sold their $BTC to buy $BCC. Now, who did we buy $BCC from??? We bought $BCC from the people who have all the $BCC tokens lol. There isn't anything "volatile" about these trades taking place on their $BCC exchange (which accounts for damn near 100% of the total market volume for all $BCC exchanges). 

#InCryptosWeTrustButVerificationIsStillNeeded

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