Bit Bounty Review: Scam or legit investment? bitbounty.co.uk is offering enticing investment plans. How legit is BitBounty? Is bitbounty.co.uk paying? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review we provide you information based on our investigations and user experiences to help guide you make the proper decision.
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BitBounty Scam Review: Disturbing Things Found
Though this site might appear legit to a newbie, the truth is that it is just a wishy washy HYIP designed in such a way to convince unsuspecting investors. Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP?
It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.
Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.
Sometimes these platforms might pose as an investment platform, doubler platform or even a mining platform. But the truth is that they do not have the equipment that make them what they claim to be. Rather what they do is circle the funds of investors, and when they have made a lot of unsuspecting investors trust them, they stop paying.
How To Know a HYIP
It is true that most of this high yield investment platforms look like the real deal, thus confusing us. The truth is that there are various ways to find out if an investment platform is a lackluster HYIP or if it a trusted investment platform. Below are ways you could find out-
- ROI- The returns offered. Are they sustainable? Can the funds be shuffled round and get to every investor? are the offers realizable?
- History- Does the platform have a history? Can the company behind it be found online?
- Transaparent- How transparent is the information on the website?
- Contact- Can you reach them? Is the address made available on the platform?
bitbounty.co.uk is not a legit investment platform. Don’t be deceived by their promises.
Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.
They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.