BitConnect right now is among the 20 cryptocurrencies with the highest capitalization as we see in Coin Market Cap (It got to be 7th in the ranking!!!)
Can we believe that BCC is legit or is it a gigantic Ponzi?
They have been here for a year, base on my own point. I wouldn't say they are "100%" scam, no one can assure that.
Ill give you an example, i operate such scheme. I promise to pay 1% daily from your investment. In this case, I collected $100,000 from the members. I gamble it, won another $100,000. In this case, i can pay this in 3 month from the $100,000 i collected and have the $100,000 for free in profit. Seems good?
Nope. This is a scheme that would lead to real bad problems when it start to become bigger and when market become more saturated. People can make $1000 to $7000 in the 2017 within 11 months.
But market doesn't always work the way they want. Perhaps BCC have a good "trading robot", but that doesn't ensure they can trade and make profit all the way.
So, their business is unsustainable, but i wouldn't call it scam