These things all work until they reach critical mass and implode on themselves. Right now although Bitconnect has a lot of members, their model should still be solid of a while. The problem with these is that when they die - they die quick and you may not be able to get the money you think you've earned back out. So have a play but don't assume you made any money until you withdrew it to your wallet outside.
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Yeah I'm not putting any serious money in, going to throw in $50, try to get it back out and then let the profit ride. More an experiment than anything else.