I didn't say it doesn't make money, it's more no one knows if the bot is real. If the bot were proven to exist I would be all in on it but because I cannot see proof there is a bot then I'm not really sure. I know you can make this kind of money with algorithmic trading in this space due to the volatility of Bitcoin. But I don't like the fact that the bot is controlled by a centralized entity.
To do something like Bitconnect right the bot would have to be not controlled by anyone in particular. If you do trade off volatility eventually the volatility does end no matter how good your algorithmic trading is.
Personally I like Enigma Catalyst better. It will potentially be able to do the same kind of thing but in a cryptographically honest way. $1000 will not stay in there for 1 year though, more like some months. The problem is who knows if BitConnect will exist for that long, so if you want to gamble it might be worth it but it's a gamble.
I'm going to look into Enigma !