I agree, bitconnect revolves around the fact that they have artificially inserted the bcc coin into the process, which they control (due to premine).
This allows them to accumulate btc (that you pay them) and they pay you in dollars, which need to be converted to bcc before withdrawal. They then take fees on top etc.
There are numerous videos on YouTube showing that if you invest $10,100 and continually reinvest, at 1% daily interest you would have approx $1 trillion within 5 years!! This is clearly not sustainable and it’s only a matter of time before it collapses. It’s interesting to think about how long it will continue to run!
Is there a cap to the amount able to be lended that we know of? The guaranteed interest rate charts appear to allow for up to 100k max per lend, but not sure if there's a total cap to it. If not, I think there arguably should be to just curb such unrealistic ridiculousness. I mean, even if you cap at something like 1M, I'd be happy with my 12.5K per day lol
I don't believe there is a cap on lending, it's just the bonus interest and capital release times dont change after $100K. I've seen a few people on YouTube with over $250K invested in total. Crazy stuff