Bitcoin Forum

I just saw an advertisement of Bitmagnet and they are claiming that they give 12%, 20% & 25% profits daily. Seems very phisy, 25% daily forever, really?

However I don't have any proof against them so would like to hear from the community about this one. Have a look on their official portal bitmagnet.org. Anyone have idea what they usually do?

They are claiming that they are running since 5 Days and raised $9,147 so far.

I AM JUST TAKING COMMUNITY'S OPINION ON THIS ONE.
DO NOT INVEST RELYING ON THIS POST.
I AM NOT RESPONSIBLE FOR ANY OF YOUR LOSS.

Just an another HYIP site which we do really know that all of them are just scams and no one would able to last long on giving huge returns on a short period of time.Imagine giving out 10-25% returns on a single day?Isnt that amazing but sadly they would just ran away your money.Dont recommend on this one.

I don't trust this service.

Please invest small or not.

Terms and AGREEMENTS:
bitmagnet.biz is not responsible or liable for any damages, losses and costs resulting from any violation of the conditions and terms and/or use of our website by a member. You guarantee to bitmagnet.biz that you will not use this site in any illegal way and you agree to respect your local, national and international laws.

As a private transaction, this program is exempt from the US Securities Act of 1933, the US Securities Exchange Act of 1934 and the US Investment Company Act of 1940 and all other rules, regulations and amendments thereof. We are not FDIC insured. We are not a licensed bank or a security firm.

You are investing at your own risk and you agree that a past performance is not an explicit guarantee for the same future performance.

my advice = do not invest.

Returns forever, who in the world would offer such a thing? scammers



Just ignore this site

Here is the golden rule - anyone on this forum asking this question will be scammed regardless of what the business is.

If you haven't heard of it already it ain't worth considering. if you wanna throw your money away then give it to charity instead.

Thats definitely a scam. With 12%, 20% & 25% profits daily? And its forever! Thats very unbelievable. Too good to be true offer, usually a common things that scammers are saying. But sad to say, theres still people who's fooled by this scams. Heres the details to support my accusation.

https://www.coinstaker.com/bitmagnet/

This is very sad thing that we see such ads even through Google Adwords. Yes, this one is definitely a scam but this is not the single one, there are such hundreds of sites which are ready to loot us. Even if one person deposits money with them then it feeds another 10 such sites. It's horrible.

You should report it google when you see ads of sites offering huge return, i'm sure google with blacklist them on their ad network or you can just use adblock and don't see the ads at all lol.

I doubt it, mostly because I don't think Google would be willing to sit down and have a chat with you laying down all the facts that they are a ponzi scheme.

I have never attempted that, though, so I may be wrong.

Google won't blacklist anything HYIP related. They are not scam hunters. I saw fake blockchain.info wallet ads at least 2 times in the past.
If that site was committing copyright infringement then Google would react, but they don't care about cryptocurrency investments.

The site is not operational ATM, maybe they are done with the *investment*?

Yes but that would not be a concrete solution. Everything available for free including domain name, web hosting, Ponzi scripts and even google AdWords coupons and fake credit cards to verify. On the other hand, we have thousands of scammers so to kill their plans on grass root levels public awareness is the only way in my opinion.

Every single bitcoin scam site looks promising nowadays. If I were you, I would have just ignore this.
If people are really earning 12%, 15% or whatever % percent by doing this thing, then everyone must have done the same thing. But we don't.
Bitcoin is not that easy to earn.

Anything on this online world or even on offline does promise high returns on a short period of time then its 100% sure scam and dont believe on those words like profits forever which doesnt really exist or possible at all. Stay away on any hyip or ponzi site if you dont like to lose money.

promptly right! since if you think deeply about it and figure it out how could they generate some good profits for theirselves if they give such huge amount to their investor and where do they roll it so that they can deliver on what they promised to their investor? shady right? so i can consider them as scam hince surely the same as other they will surely just running a ponzi if they will just run a business without a valid proof of legitemacy and also proof of business origin.

But most of them do really use sweet words to public so that they could easily decieved newbies and convince them to deposit on their scam site.Theres no thing on this world does give good returns on a short period of time and its really obvious on how an investment could sustain huge profits for longer runs.Its unbelievable at all.

with this numbers or percentages it is not actually that hard to know that the site has the same intention with the other site they only have the same scheme but still it is good that you have made this thread so that every people would see each other's opinions and reviews regarding to the site and for them to avoid it .


lol ;D I am also wondering why does even google is accepting that kind of advertisement although they also know for sure what kind of site it is . well maybe that's how they are running their business .

Even genuine Shareasale links are rejected in google Adwords (due to their bridge page policy) and on the other hand, it is very annoying that they don't bother anything about such clear scam sites. They design their site and scripts in such a way that it looks genuine and newbies send their money without any second thought. I am not sure if Google adwords team take any action against such sites if reported without proof.