@geneeverett  you have no idea what you're talking about.  A ponzi would suggest they need new money to come in to payout their current members which is not true.  Bitconnect makes money multiple ways -  1. their trading volatility bot  2.  off the value of bitcoin rising 3. their own bcc coin 

Not to mention they are making money off each transaction on their platform. 

and I agree with socky - the government is controlled by the elites and they want to keep you out of the loop so they can stay in control.  that outdated 1933 law is just one example!  I ran into similar issue even trying to invest into local businesses here.  They limit the amount you can invest each year based off your income!

A Ponzi scheme indeed.  I passed the CPA exam and know that if you are to crowd fund something or offer securities as an investment then you are bound to the rules of the SEC and local securities laws.

Cryptocurrency is not regulated by governments yet.  But government regulation is on the horizon given the currencies' popularity and appeal as an investment.  In the mean time the cryptocurrency is considered a currency like the U.S. dollar or Euro where there is self-regulation.

I believe that this could be the beginning of the government's interest in determining whether or not there should be a regulatory body, like the SEC, that oversees the cryptocurrency.  This case and future cases will be interesting to watch since there could be landmark legislation.

Either way, I find it appalling that someone would "hard sell" cryptocurrency to the public especially in Texas.  Cryptocurrency should be an investment that does not require a store shop with a "snake oil salesman."  What in the hell are these people at Bitconnect doing?  They are making cryptocurrency look bad.

Bitconnect is likely a scam or sorts form what I can see, and several others have voised similar thoughts . One telling event is that on November 3rd 2017 total market cap had a sudden drop from 2Billion to 500 million (75% less) market cap without price changing. (according to coinmarketcap.com)
But hey, if its being kep alive by its users there may not be any loss, just the creator becomig very rich? I guess time will tell if they do pay out as promised or not.

Even if this were the case, who cares? People should have the freedom to invest their money how they want. Even if it *is* a Ponzi scheme, losing money to a criminal is one of the best lessons someone can learn on how to properly handle their money.

It is not impossible. In my first 2 hours of trading ever, I was able to gain 5.87% just following steps provided by @quickfingersluc. Massive brokerage firms have been using trading bots for years. They just haven't been available to the general public. The problem I had is that I was getting emotional and couldn't spot trends and trade fast enough. Bots don't have emotions. They follow a specific algorithm created by the programmer. They take a statistical approach of wins vs losses. If the algorithm is set up conservative enough, it is statistically impossible to loose. If a bot is set up to allow risky trades, then 5% to 10% is obtainable per day. The problem is that there would be negative days and the principle is at risk if a crash happens. Bitconnect 1% on average per day is VERY reasonable and indicates a conservative algorithm. From that 1%, Bitconnect takes 11.5% as their daily take. Out of that 11.5% take from daily gains, it would take 83 days to pay off any bonuses that bitconnect had to pay. This is less than half of the typical loan term.