As I've always been giving warning from the beginning regarding Bitconnect... If it's earning 1% (or even if less) per day, then it's a scam.
If you made the mistake of joining programs like Bitconnect, it should be a good learning curve for you. See, before you decide to join any programs, just make sure you do some simple math to determine how logic can work on that program. Here's the thing... 1% or even half percent per day may look like an insignificant number to your eyes, but in truth it's not because it is an infinite number. Meaning it is a flexible number depending on the invested capital. So there is the flaw. Bitconnect's mathematical flaw is very simple to spot so it's a scam and that's why it crashed today, and I believe it will continue go spiraling down from here onward.
Sorry, not sure what you mean, the price has been on a steady incline for months now. Today it hit 0.038 for the first time.
Bitconnect is a risk yes but if you have some spare Bitcoin and are prepared to take a punt then stick some in Bitconnect. I've been in for almost 2 months and have gotten about half of my money back. It's a bit of fun, if i loose it all then i loose it all and i will still sleep at night.
I've done a number of articles and videos on Bitconnect and the other high interest investment platforms
The price haasnt dropped, but i see that the market cap has more thann halved. Doesnt this suggest a coin burn?