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RE: If Bitconnect is a Ponzi Scheme why isn't Bitcoin also?
Wow, really? That worries me. It's like when cigarettes target kids. I don't like smoking, but if an adult wants to smoke—more power to him or her. But a young person... they may not always understand the risks, esp if the company is lying to try to trick them. So too here. Whether BitConnect is a ponzi or not is unknown, but... that almost makes it more risky. If people want to invest in it anyway, well, that's their choice. But BitConnect shouldn't be targeting young people by trying to spice up their image.
If you open a bank account, what exactly is that? You lend them money, you get what in return? Your own money back? Sometimes they charge you banking fees for the privilege of you lending them money. Bitconnect gives you the money as interest but does the same thing banks do.
You can say it is risky, I accept this. But its your own choice where you put your money. As far as targeting children, what kind of child has Bitcoin or is playing with crypto? If they are then they knew the risk when they bought their first Bitcoin because no government authority claims Bitcoin is a safe investment.
I suggest the two of you continue trusting your government(s), and listen to their advice to avoid investing in ANY crypto at all. If you cannot earn crypto, do not buy it! It's all likely to crash at some point and you could lose all your money in a panic as many before you who react on fear have.
Final point, Bitconnect is not a company but is a blockchain. It has a corporate face and website but their website is no different from any other crypto website. Just like for example Augur, or the hundreds of other tokens out there, there is no guarantee by anyone in government or certified to give investment advice that these token will always gain value.
Will people lose money? You can. So don't invest what you cannot afford to lose, and if you fear it's a scam or too risky then don't touch.