Bitcoin Forum

Hello bitcoin community! Newbie here. Just wanna ask a favor if somebody could help me know if that site is legit or not because many networking about btc offering a very promising amount that would generate if I'll join.

What site? Don't ask for permission to ask, just ask in a post.

If it sounds too good to be true, then it probably is a scam. If it is a "High Yield Investment Program", then it is most definitely a scam. If it is a cloud mining service, then it probably is a scam. Anything which promises returns which seem very high and unlikely to actually be possible in real life is a scam.

a simple google search would tell you a lot but mainly if it's too good to be true, like "invest now and earn 3% of your investments daily" is a scam, it's not that hard to spot them. What site tho?

Thanks for the reply. There's a free btc mining site and the other is https://btcinvest.io.

That kind of number is too good to be true so you should avoid that kind of site.

If a company offers to give you 16% monthly on a 100$ deposit and 22% monthly on a 5000$ deposit run and hide. They saying they will give you unlimited massive monthly interest payments on what amounts to shit.

The one above is defintely ponzi. Too good to be true/sustainable ... You should stay away.

A good site to identify bad btc sites is badbitcoin.org

Yes. if its too good to be there likely is a scam. Good thing you post your concern here and not just invested on it. Most of us have fallen on that kind of trapped when we are still a newbie. And even you have done your search on the website, you can't find anything out of it and even hiding by using cloudfare. I guess when you are suck it, they will give you some returns, in the beginning. But as they site or the scammer has gain huge amount of bitcoin already, the returns will stop and later you will see a lot of complains in social medias specially in Facebook claiming that you/they have been scammed. You will not get a response from the website and after a few days the site will totally shutdown. This is how they works. So I advise you to stay away from this scam sites.

If a site promises huge earnings, there can be two reasons: It is ponzi or scam.
At ponzi sites only the first users will earn and maybe get their investment out with win. They are paid by the invested money of the next users until site owners have collected enough money and run away with users money and they turn into scam.
Scam sites don't pay you anything and steal your money.
If you get free minings you will not to be able to pay out because minimum is to high or you must first deposit.
A real mining contract will have its roi after about a year or later.

little  advice from me:almost all investment and cloud mining sites witch are giving you free hash power are running under ponzy scheme and will become scams very soon, also all sites, witch  offers you double your btc, are scams, they are too good to be true dont trust them and remember it.

good luck and happy earning...

Super thank you for all your comments and reply. It really open my mind because I may say I'm a risk taker, gambler or whatever because I wanted to get high yields but so thankful for this org because it can help us. Many veterans are in here. Once again thanks a lot. God bless you more and be a blessing to others.

First do your own recherche about any site. you can take help from Google and YouTube , from Google you will found a lot of review about any site, i used this tricks huge amount of time. This forum is also a great place for taking review about any site.

Its simple, if something is too good to be true, it is too good to be true. Its a scam.
Hot-headed people that fear to loose amazing offer (time is runnning out) loosing most.

you welcome friend, it will be good, if you will learn on our mistakes and dont repeat them.

be careful and every time, you decide to deposit or make investment on any site, first search about them or ask here and then decide what to do...

good luck and happy earning...

Forget it those kind of returns are impossible, the rule of if it sounds too good to be true most likely it is, holds true most of the time and you should apply it to anything like that.

Thanks for everybody suggestion. Speculation is risky.

Check reviews about this site and try to find feedback from others. Be careful because there are a lot of scam on Internet and fake BTC projects.

In this forum is much topic with legit sites. Choose one of this instead look for new probably website with scam

you need to search in internet about that site or find someone or peoples testimonial about that site. because that's what i am doing.

many scam sites are known as a HYIP or FONZI, they offer a huge roi in a short period of time so many people are grabbing that fake opportunity to invest, then after that if they reashed the maximum profits from those people who totally invest, they just close the site or leave it without notice and run away with your money. so meaning don't trust any investments sites that offers a huge roi (return of investment) in a short period of time because that's a 100% scam sites. look for the sites that offers a good to be true announcement about their investment project and it tooks for a long term investment.

That's a pyramid (ponzi) obviously.

Domain is not under their name. Site is shitty. Endless graphs etc.

You can always write them and ask for a video with a tour on their has powers.

Being a ponzi does not mean you can invest there. You can even earn some, but most probably you will lose about 50% of the funds.
Look for a fresh, newly created one with massive marketing — then the chances to earn are higher.
And always prepare to lose everything.

Sites that promise you mouth watering profits are scams. Sometimes they may be ponzi schemes but whichever, it is likely that you will lose your money.

which site? I think you can look at this forum or google for testimonies and more info about that sites..
but mostly sites that promise a lot of btc easily might be scam,



I Agree that one is a ponzi... not a good scheme to invest ~

Most answers is if it promises a big roi it's probably a scam site. But the matter here is we need to investigate deeply where you will invest your money so you won't experience the worst feeling being scammed. Don't trust any sites that you don't know who manages it, where is it located , or if you know the location , can you go there to verify the legalities?

Avoiding them is the best thing you could do. Any investment site that promise you a huge amount that will generate for a short period of time after you invested is no doubt a scam. I've been there and done that. Don't let them rob your btc.