This is the question...
Let's look at the basic facts bitconnect has increased from $1.76 to over $100 in 3 months. In turn this has made bitconnect shoot to prominence in the the crypto world and in the youtube community.
What is it? essentially you buy bitcoin and exchange it for bitconnect, with that bitconnect you then invest and depending on what amount you are investing will determine the period of time for which you have to keep your capital tied up before it's returned.
So it's both a crypto currency and a business model, now the latter should be taken with a grain of salt since.....the idea is that your investment is lent to them, so that their super duper magical trading bot can return a daily return to you of an average of one percent a day (though according to the site it fluctuates).
Now, why has the coin rocketed? well, you have to exchange a bitcoin for the bitconnect, in turn people's capital is tied up and others see green, so more people want a piece of that action. You can appreciate that the compounded effect of a 10,000 investment over the course of 659 days per person would net someone in excess of 20 million dollars. Accordingly....the compounded effect over a long enough period would exceed the total amount of money in circulation :)
We are told that it's the bot stupid, this bot is incredible, so incredible it needs our money. The question isn't whether this is a ponzi the question is once you have accepted that how much should you risk on this ponzi and how long can this ponzi run for?