As I've always been giving warning from the beginning regarding Bitconnect... If it's earning 1% (or even if less) per day, then it's a scam.
If you made the mistake of joining programs like Bitconnect, it should be a good learning curve for you. See, before you decide to join any programs, just make sure you do some simple math to determine how logic can work on that program. Here's the thing... 1% or even half percent per day may look like an insignificant number to your eyes, but in truth it's not because it is an infinite number. Meaning it is a flexible number depending on the invested capital. So there is the flaw. Bitconnect's mathematical flaw is very simple to spot so it's a scam and that's why it crashed today, and I believe it will continue go spiraling down from here onward.