Is BitConnect Legitimate/Sustainable?

I started investing in Bitconnect about 4 months ago, and so far I have been paid based on their daily interest calculations (https://bitconnect.co/learning-center/bitconnect-bitcoin-price-volatility-software#). The high paying interest rates make you think that the whole thing must be a BS. However, being in this extremely volatile environment of Bitcoin and cryptocurrencies makes you think twice. Bitconnect (BCC) leverages on the price volatility of Bitcoin and based on the money you lend to BCC, supposedly "Bitconnect Trading Bot" buys/sells Bitcoin, and as a result makes profits on the BTC price differences. To answer question above, I have implemented **1)** A data analysis on BTC volatility and BCC rates, **2)** A trading experiment.

Bitconnect Payouts Graphed Against Bitcoin Volatility

I originally published this analysis on July 23th in Steemit

An Experiment:

"Would you be able to make $1/day (on average) if I lend you $100 to trade in BTC through, let say, Coinbase?"

**IMO, I believe BCC is sustainable *as long as there exists wild volatility in BTC prices*. You can also say that if BTC becomes less volatile over time, BCC can implement the same process for other volatile cryptocurrencies!** Still this question remains that how BCC makes money when BTC prices drops. I believe they use some type of financial instruments such as *exotic swaps* to achieve these returns. From the google **Legitimate** is defined as *"conforming to the law or to rules"*. Do you think Bitconnect is conforming to the law & rules?! **Sources:** https://bitconnect.co/learning-center/bitconnect-bitcoin-price-volatility-software https://coinmarketcap.com/currencies/bitcoin/historical-data/ https://www.coinbase.com User: lexiconical