Look I was very skeptical of Bitconnect when I first heard about them and I avoided them for a while. I thought about it for some time and decided to risk some money I wouldn't really mind losing just to test the waters.
This is what I have learned in one month:
- The price of their token goes up a higher percentage daily than their payouts typically are so buying and holding BCC is actually more profitable than lending their " trading bot"
- Since people are constantly buying their token to initially get into the system and also reinvesting money that is being paid out the price keeps accelerating
- Until there is a mass panic to cash out and their system collapses, their token will continue to rise in value
- They pay out in fiat so you will have to buy their token (from their stash not the exchange) if you want to cash out, then convert that back into BTC, perpetuating the cycle
- The majority of the trading is actually done on their own site- up to 95% of the volumes some days