I have not invested in this but in my opinion it looks like a ponzi scheme. Like most of the ponzi schemes, only early member will reap the benefits and that too on the cost of other's losses.
But please keep in mind that this is just my opinion and I'm not an expert.I may be wrong too.
Always invest after you own reasearch and invest only that much amount which you are fine with losing.
Best of luck.
RE: BITCONNECT - THOUGHTS?