Bitcoin Forum

Are  any sites like https://satoshinv.com or https://btchain.io/ legitimate?  They promise 3% or more per day on investment of your bitcoins.  I admit I put some into both of these sites.  BT Chain seems to have just taken my bit coins my account does not show the deposit at all.  Satoshi investments shows the deposit I made and 3% growth every day though I have not tried to take anything out yet.  Both sites are well done and look legitimate.  I just got into Bit coins and crypto currencys.  Guess I got greedy seemed an easy way to make some profit  but the more I think about it the more too good to be true they seem.  The Satoshi one looks professional and I would have probably put even more in it as it seems to be paying out but when BTchain did not even acknowledge my deposit it got me questioning Satoshi investments too.  Is it possible Satoshi investments is legitimate?  Or is it a Ponzi scheme?  Paying out with new investors until the well runs dry and they disappear?  I guess it is probably the later so I should take what I can out of it and hope I can get it out before they vanish.   Any one else have experience with these or similar sites?


Thanks

There is nothing like legitimacy in these both websites!
They are inviting you to get scamed for your money. As you plainly said you just came  to know recently about Bitcoin market, you need a good advisor whom you can follow the right ways he takes you to. Here i can advise you to be always away of such fake programs.

There are literally thousands and thousands of these websites, I kid you not.  Every single one of them is some bastard who bought a Ponzi scheme script for $50 off the kind of sadistic weirdo who sells that stuff.

Just think about what you're doing for a second.  You are sending money to a complete stranger, based on the promise that they will give you more money back.  It's like coming up to some shady guy in an alley telling you that if you give him a loan, he'll pay you back a million times more tomorrow.

Not even the best hedge funds, stocks, securities and everything put together could give you anywhere near that amount.

Have you tried compounding that interest?  In just a few years, you would have more money than the amount that exists in the world by just putting in 1 BTC.  If you think that's feasible, I honestly can't help you in the slightest.

There's even hundreds of sites which monitor these scams, and people who try to get in early so that they can get out their money before the sites scam them.  I consider those people and sites absolute scum for giving these scammers money and legitimacy.

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P.S, you should lock this thread because a wave of spammers is coming to tell you that same thing with a lovely few empty platitudes.

Bro you should have done a thorough research(on youtube, Google, Bitcointalk etc) before investing. Gullible investors are the reason scammers stay longer. If no one is patronizing them, the business would be un profitable them.

 Anyone can make a professional looking site thisdays... name doesn't even sound Professional.

99.9% of the so called- "programs" that offer fixed percentage of return are not more than low-level PONZI systems. Don't join any of them unless you want to gamble your money. You could as well just put your money at the roullette. Who knows..you might even have a better chance.  :D

Projects with very high income need to be avoided. Basically, these are short-term projects that quickly stop paying their depositors. But, if you nevertheless decided to invest in such a project, then you need to invest at the very beginning of its existence

You might as well invest in yobit investbox to earn 0.2% daily on your Bitcoins instead of giving them away as donations.
Tell all of those scammers to show some proof about their businesses, what are they doing? at least yobit we know they are an exchange so being able to pay interest is not far from reality but what about these investment sites? can they provide some actual proof?

The answer is no.



is  Ponzi scheme

You should not have thought this site to be legitimate, right?

Because if you believed that this site was legitimate then from now you need to investigate more about hyip sites


Dude you're in bitcointalk, no one will tell you that already invested in ponzi sites unless that person is crazy. Ha ha ha

Most probably your money is over... These kind of schemes are never legit and they can vanish anytime, too high daily profit to be true. It will work for some time, while there are people to invest on it, but when the site owner start seeing the scheme won't survive, he closes the site and go away with the rest of the money.

Some people use these sites as a gambling game, as they know it's not sustainable, they just try their luck, but the newbie people think it really works and put money they shouldn't on it. Next time ask here before doing an investment like that, makes no sense to ask after.

Any investment program that promises high daily return can't be legit, they might run for few days before scamming all of their users. You will never be able to recover your all investment back from them because they will run away before paying out 100%. Both of the sites which you have posted above are just hyip/ponzi so you can say good bye to whatever you have invested in them.

OP, you cannot really be THAT STUPID???

What does your brain tell you? Is 3% per day, without any work at all, possible? What do you think, would this be legit?

Thanks All for the responses.  Guess I wanted conformation of what I already know...I was a moron.   With the volatility in the price of bitcoin it made some sense that an algorithm could be written to do automatic trades and take advantage of the price volatility as they claim..I was a sucker

Most of the sites that promises to gives you high interest daily are mostly ponzi investment scam, why would you believe in such sites at the first place, I think it would be better for you to withdraw your bitcoins out from both of these sites before the owner decided to pull the plug and run away with everyone's money, It would be safer to do trading with the bitcoins by yourself even though trading does involve risk and you might lose some money due to bad trades executed.

Seems like ponzi, come on 3% daily....

The fact there are no cloud mining site that actually giving a daily interest and they can stay for too long most of them  are scam so better to be ware about investing in those site cloud mining site or any investment site much better to buy more bitcoins and hold them all to make a profit for every price increase. Any time those sites can be gone after they get what they want to their investors..
Or if you really want to invest try to build a mining rig to mine altcoin and exchange them into bitcoin it can be profitable than you are just investing to any investment site..