Agreed.

However I would classify Bitconnect more as a Clever "Scheme" than a flat out Scam. Loan investment demand drives the premined token higher and the higher token price allows the Scheme to continue on longer. I wouldn't be surprised if the token hits $100-$200 in the coming year. I put $1,000 in just for fun with no intentions of getting it back, just so I could see how it works.