Thanks for the info.. i was going to invest but then thought i would do some more reading first and found your article.

It's not good bitconnect isn't on other exchanges.. for some reason it got denied listing on bittrex.. which isn't a good sign.

This is what the company said about being listed on bittrex:

https://bitconnect.co/bitcoin-news/350/bitconnect-coin-ico-will-proceed-without-bittrex-exchange

If this "bot" makes money.. well it could be a good thing.

But really.. if his bot is that good why would he need other peoples bitcoin? Just run it and make money.. no need to pay out 7 levels of shares to everyone.

Perhaps what you say is correct he could manipulate the market with such large sums of BTC.. so perhaps that's the true goal.

It certainly sounds like a ponzi scheme to me.. it's a shame i was looking for more good POS coins i could earn interest from.

I will keep looking into it before i make a decision.

As for flipping it quick.. i have seen many posts here on steemit and other BTC related sites.. people are promoting the shit out of their affiliate link.

Based on that.. they just received a mass of traffic.. and a mass of buys.

What would that tell you about the short term future of this coins price ;)