Whether or not it is a Ponzi Scheme doesn't tell us whether or not to invest. You can say Bitcoin or Bitcoin mining were Ponzi Schemes too but that doesn't change that buying Bitcoin in 2010 would have been a really wise decision looking back. Will Bitconnect last? I think it will last for some years after looking closer at it, but will it last for decades? Probably not. But most coin wont last for decades.
So to say "do not invest" because it's a Ponzi Scheme doesn't tell me how I might lose more money investing in Bitconnect than in Bitcoin at the current price. What if Bitcoin crashes back to $2000 or even back to $200? So the same can happen to the other high risk investment options but Bitcoin doesn't even pay interest.
Such a great debate! Only God knows about the truth. Theoretically speaking, Bitcoin and Bitconnect are the same. The founder of Bitconnect is another genius except Satoshi Nakamoto. But maybe the people who can spell over Bitconnect are just genius, too. Is Mr. Craig Grant angel or satan? It reminds me of the original story of infamous "Ponzi scheme" and the famous "Amway" at the same time. Of course, Amway is proved legit later and now new American education minister is just from Amway family.
Craig Grant is just making his money and doing his thing. He is neither an angel or a demon, he appears to be neutral. I do not think you should buy a token just because Craig Grant is buying it on Youtube because Craig Grant earns tokens while a lot of people have regular jobs and have to buy Bitcoin to buy Bitconnect, so the risk is not the same for people who can earn to spend vs people who must buy to spend.
I guess some people like the high risk of trying to get actual profits out of Ponzi before it collapses. Not many I believe.
Bitconnect site will one day disappear and good luck trying to trade it on any other exchange with minimal volume. The price will be in single digits and under within days. My advice is that if you advertise this scheme, first put up a big warning that goes over every point in the link I provided you and why users should expect to see the service just disappear to thin air and their money along with it.
But hey,
Sounds pretty good, let's all put our money down and wait 2 years so we can all be rich together, guaranteed by Bitconnect itself! Who they are, no one knows though ;)
They don't guarantee that. Read their docs.