I put $120 into a Bitconnect loan and so far have received $37 in payments from it. But I did so with the expectation that eventually the entire Bitconnect empire could come crumbling down before my 299 days are up. It is simply not possible for a "trading bot" to have positive returns almost every day, so that everyone gets 1-2% returns 5 days out of every 7. The only ways it can work would be (1) Bitconnect is supporting itself with transaction fees and (2) Bitconnect is using new investments like yours and mine to pay the previous investors. That system works ... until the new investments dry up.
You can argue that Bitconnect has a coin that is traded outside the Bitconnect platform, but there is no white paper describing the coin's purpose, or the trading bot's algorithm. We don't know who the principals of the Bitconnect enterprise are. It's all a black box. But they have managed to convince a huge number of people that this system will make everyone rich.
Even though I invested $120, I don't believe it. The only way to make big money within a short time is to push the referral program, and benefit from the MLM (pyramid) part of system.
But, since we're dropping referrals, mine is https://bitconnect.co/?ref=QiaoLaoShi
Everyone should take the time to watch this careful analysis by Lanzer, who made a $20,000 loan on Bitconnect just so he can go to Thailand for the big BCC event there. His evaluation is basically be cautious and don't expect miracles long-term.
RE: Bitconnect - SCAM or NOT? I will try a 100€ invest and share the experience here!