Well, shitconnect is gone and we all knew this is gonna happen one day. The day has finally come. It always looked like a scam to me, but so many people believed in it and invested, it's so ridiculous.... So many were constantly talking about it, how good it is, etc... I wonder what do those people have to say now? Hopefully all of those who invested in bitconnect learnt a lesson. These kinds of things will happen again and if people invest again, that means they never learn anything. Ponzi schemes are everywhere.
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Unfortunately Ponzi schemes have been around since 1919. As long as people still believe in the notion that you can get rich quick, they will continue to exist: https://en.wikipedia.org/wiki/Charles_Ponzi