"Bitconnect has not given us any information about its capital, its financial position and profit-making strategies for investors. The company did not have any fixed addresses in the UK. There is also no information about how to make money for investors, including the algorithms behind the company. But the company was introduced as "a safe way to make a high profit."
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Not sure anyone said it was safe. I would say it was always risky but people marketed it so damn well that even though it was risky people still bought in.
the stock market is at risk. You can not be rich without risk. you will be poor or rich. Here is your life rule.