I'm very skeptic about bitconnect.
Everything smells like the usual ponzi scheme.
But is a well done scheme that might work well for quite a while.
Basically they lock a certain amount of bitcoin for a specific time (that you need to convert to their own token before investing), let's say 6 months, they give you an average 1% daily return, and after the 6 months, they give you back not the original amount of bitcoin, but the US dollar value of the bitcoin amount you locked in at the time of investment.
I really don't believe to the story of the volatility software that guarantee an average on 1% daily and never loose.
If they really has such a software why wouldn't they just borrow some money from the bank and get the compound interest themself without bothering of building all the castle of cards around it ? They would be billionares in no time.
So on their side they have a couple of facts that might let the scheme run for quite a while:
I believe this scheme might run well for some time , but will not last forever, and one day the castle of cards will fall and many people will be burned.
I see an almost safe way to get some rewards before the collapse, that might happen any time, tomorrow or in a number of years.
This is my personal opinion and is not invstment advise.
And as always invest only what you can afford to loose
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https://bitconnect.co/?ref=vinsom