Can someone with valid proof please explain how this is a ponzi scheme? Do we need to look up the definition of ponzi scheme here? I've been getting paid daily, I've had no issues, I've had zero problems. I guess getting paid daily is a problem. Most of the haters are probably people who don't have money to invest. Where else can you make 140% ROI? Plus you get your initial investment back. You want to buy coins and sit around daily waiting on the next big news to move your coin, go ahead. Time is money, bitconnect pays daily. Reinvest or buy more crypto daily from the profits generated. It's really simple. Better yet, transfer your earnings to a bitpay card and live off bitconnect. Its actually a pretty nice life really!
Not a proof but a 100% matching precedent:
The idea of running a ponzi scheme with the simple but exciting argument of a magic trading bot is not new.
In 2002 there was Dieter Behring (there is a wikipedia article, altough most of the information is in german) who claimed that he himself wrote a piece of software that makes a yearly profit of 47% by automatically trading stocks. He collected 1,2 billion with his not even legally registered hedge fond.
The ponzi crashed in 2004 when investors tried to take their money out, and Behring was arrested for scam. The lawsuit is still ongoing today. The overall financial dammage is 800 million. In 2016 an inferior court sentenced Behring to more than 5 years prison but the judgement is still not valid and there is a chance that Behring is acquitted by the final instance because of an earlier procedural error.
If an imposter like Behring can collect 1,2 billion in 2002 then I feel certain that in 2017, with 170 billion in crypto, BitConnect can go to more than 10 times of its actual market cap with ease. But I would bet that it will crash, the only question is when.
This sounds almost like that HYIP Control Finance. They put out weekly "trading reports" that alleged to show when they traded the funds that people gave them.