Bitcoin Forum

I came across a news report about profitcoins.io and now I’m wondering if I should invest some btc there or not. What do you guys think?

Personally I don't know about that one.There are lot of trusted sites,to inverse your money in bitcoin. And one more thing is,now the price of bitcoin is reach some maximum value now.The current price of bitcoin is 9600$.Investing the money in bitcoin is the right option now.When the reaches 10k,you get profith from it.

I would definitely not invest “some btc” (unless you are rich af) but first test it with a smaller sum.

Anyone here see bitcoinnect in behind the scenes of this profitcoins, at least their principle is somewhat similar as they offer you the chance for you to give them your money to do the trade on your behalf. Tho they don't have so far ponzi model or something (from first glance at looking at the website) but is still risky in my opinion as I am fairly skeptical regarding things like this. Honestly I wouldn't trust this website much as you never know how does it really work. If you can stand to lose money with them you could test it out but for me I trust myself more than anybody else.

Good bye money!  :D

Profit coin lol, that's hilarious.

Just do the arbitrage yourself, it takes more time but the profits are higher and you don’t have to pay 25% fees like for profitcoins.

None has suggested it as a right choice investing into profitcoins. Better is to go through the market and find some low value coins for long term holding. This surely profits in the long run, than investing into coins that haven't reached the market.

Absolutely not. You can smell scam and see huge red flags from a mile there. But I do not need to tell you anything else, just talk to this screenshot:

https://image.ibb.co/dYgNdn/Profitcoinsio_scam0.png

What do we see here?

1. A promise of DAILY gains of 1% isthe first red flag. Simple logic test: if they could make that much, why would they need your money? If this product would work, why can't they get millions of dollars just this working product to some financial corporation to raise millions or simply sell the tech?

2. A progressive scale of return based on the investments amount. That is not necessarily a red flag, but it becomes one, when you check numbers (they are almost doubling from tier to tier). It is very likely a Ponzi scheme.

Also, there are unsupported claims of some Patents (can find any patent issued for their UK company),

And, even though they claim some UK founders, this project is likely from southern Asia. Just check their marketing thread with fake "reviews" on Quora: https://www.quora.com/What-are-your-experiences-with-profitcoins-io (https://www.quora.com/What-are-your-experiences-with-profitcoins-io)

Also, take a look here. Profitcoins.io is totally a scam: https://bitcointalk.org/index.php?topic=3302193.0 (https://bitcointalk.org/index.php?topic=3302193.0)

If you're looking to legitimately invest, doing so in an exchange or an online crypto casino is a much better way to go (though what you'll earn from both will be less than what this Ponzi claims to give you). There's still risks involved with both lending to an exchange or a casino, but it's less than with the Ponzi you just listed.

Always remember- if it seems too good to be true, it most likely is.

Yep, I’m with you. I think they’re worth a try but you should test with smaller amounts.

Instead of investing your btc somewhere you should just buy more btc. When btc will hit 1M in 2020 you will thank me for this advice lol :) 

Before investing anywhere you should take a close look at the company & the team. For me they look good especially because the team is very good. Mahoney made a similar arbitrage software for T3 Trading & Splunk back in 2005 (or 2006, not sure) so I think those guys know what they’re doing. But you should check it yourself .

- Another HYIP with not possible 1% daily profit claim
- High minimum investment limit
- Guys don't forget the recent story of bitconnect scam  ;D

Never get into any crypto based HYIP or mining scam. Stay away, smells ponzi here...

Well, for the operators it's actually quite profitable. :D

It's however interesting to notice that there is an overall shift going on with these schemes. Instead of being an obvious scheme where they offer people insane returns in a matter of days, they have become a bit more conservative when it comes to the rewards they advertise with, and I expect this to drag on for a while. I wouldn't be surprised to see schemes offer 0.1% daily returns in order to look more legitimate, and they are probably better off like that.

The lower the returns are that you offer, the longer you can remain operational since you are paying out dust, and thus the more money can come in. People here are easy targets. If they see a scheme pay out consistently for months straight, they'll consider it to be legit, because hey, Genesis Mining is legit too right? It's operational for years! :D

Is this just me or this website looks similar to TV-two?
The way they introduced their founders and those white background with blue color scheme looks very similar ::)
https://profitcoins.io
https://tv-two.com
Also, those testimonies are a complete joke, it's easy to see they are written by the same people.

I'm sorry, who?
Couldn't find his name on Google, besides there are no linked-in profile provided.
It's very common to find Linked-In profile on website like this, this to ensure that the team written on the website are real and not a bogus team.

This could be his linked in profile - https://www.linkedin.com/in/tony-mahoney-2a9863111/de
But in my opinion, this Tony Mahoney is a fake person. I can't find any authentic source that he is actually real. He even don't have any picture except that black photo from the profitcoin website.

Also, if you will take a look on that single photo. There is something unusual between the nose and the face.
It have different shade of light, photoshopped? Probably the face and mouth was taken from a person, then pasted on another's face. (sorry, Tony  :D)

http://i.epvpimg.com/CZXYeab.jpg

If you want to do this yourself without any experience you can also just throw your trezor (or ledger or whatever you’re using) out of the window and burn your mnemonic sheet. :)

Agree, you should first check them out. I saw they all have linkedin profiles so that should be pretty easy anyways.

Best advice ever haha you’re the real mvp :)
The idea behind it sounds legit and the team also so I think they’re safe

I think OP already invested in BTC when he says “invest some btc” .

Thanks for the advice, will do.

Thanks for sharing the experience, i think i’ll give them a try.

Wait what, is this a joke?
After all the negative comments we've posted, you're still gonna believe on esfirsha and profitcoins?
You're a clown except, it looks like both of you are a shill.

Viewing on your profile increases my suspicions that your account and this post mainly advertises this scam.
-- Same posting, one liner
-- Close registrations date
-- Reject the red flags stated by other persons, still pursue on investing to this scam


http://archive.is/zcFhn
http://archive.is/Sz1Cz

I really don't offer you to invest it. You can get more that this website by yourself. Also they don't smeel trustfull. Just review movement of some coin on binance, bittrex or another popular exchange. Invest when it is low price; then place an automatic sell order :) Better than your offer :)

I would like to share my horrible experience with Profitcoins.
Whoever posted good reviews here, probably is either fake personalities, or they did not invest a large sum of money.
I have invested during the end of September 400 Euros and made a withdrawal request a few days later. The withdrawal indeed came through to my wallet with the promised profit.
This made me gain confidence that I could invest a larger sum of money. I then invested 2 BTC to be able to enjoy the 1% daily profit for over 2 BTC investment.
From that point, things started to take a sharp turn. A withdrawal of just 0.015 out of the 2 BTC, took more than 2 weeks to go through. After this tiny withdrawal, my balance of 2 BTC went to 0.01 BTC and the app shows -21000% profit. At that point I realized this is a complete scam project.
I have contacted their support and also via email and received a laconic response, that I have seen other post on other review and bitcoin forum website. Apparently they claim this is how the app works, and you have signed on the T&Cs that clearly say it.
I also managed to contact other investors from my country as well as from around the world and, if they did exceed the 2 BTC investment, they ran into the same problem.
Profitcoins is definitely a scam. I am warning anyone who reads this now, do not put your money into this. IF you would like to get more details about my experience you can contact me through Facebook, linkedin or through this designated email that I opened – profitcoinsexperience@gmail.com
I am also adding some of the screenshot showing the original investment and the -21000% loss and my conversations with their support and their email response.

Your first trial was good but your 2nd move was a complete mess.I dont know what do comes into your mind on believing such scammy site.
Just reading up this one will already give me the conclusion.

http://i65.tinypic.com/a4vbsz.png

Profitcoins.io... Named like a scam. I'm shure that you no need to invest few BTC in such coins. Just find perspective ICO or HODL Bitcoin.

Just because its domain name ends in " .io " does that mean is already a scam ?  No you cant judge a book by its cover .

I also see that you are suggesting ico . so do you think ico's are legit and good investment alternative ? Well think again .

Though i agree about bitcoin because bitcoin is already known to be legit but it doesnt mean that it is already a safe investment anymore .

@op , i suggest youd better invest only on trusted cryptos rather than investing on a companies or any other projects  because there is a high chance that they can potentially scam you .

I've noticed that a coin is better to be bought after ICO when it is already available in the exchanges. Most coins just appears to be too good to be true but give losses in the end. Most of the time, tge ICO price is higher than the price set when introduced in exchanges. Its not practical to do it that way, I would rather choose to buy stable coin then Hold it for longer period of time. Just be sure that if you decide to Hold for long term, choose to hold it not in an exchange but in annopen source wallet like electrum for Bitcoin or Hodler for multi wallet coin. Choosing this kind of coins gives you assurance that you that full control of your funds.

Not all site that ends in .io is a scam but this site would not exist too long that is why much better to avoid it or make your own research and read the feedback and review in that site before taking some action or invest your money to that site.

I just found this link (https://www.trustpilot.com/review/profitcoins.io) and i think it might help OP to rethink again of investing in that platform.
It seems like it's a scam due to more people are complaining but hasn't been answer to their tech support.
I'd rather stay away at that site it's a waste of time and a waste of bitcoin.

First thing:
Do Your Own Research before putting your money into anything.

Second:
Seeing the market conditions, I'd currently prefer no trades as even I took a loan recently for loan purpose but I've yet not purchased anything under the fear of getting dumped anytime due to those 2 BCH clowns playing hard with the sentiments of people like you and me as well as the whole markets and manipulating everything like hell, this looks like an end has come, but I believe this is the time to wait and hold our assets in BTC or USDC/TUSD/USDT if you believe Bitcoin could drop more.

Bitcoin itself is a risky investment, so there is no need to reinvest it further... It's the hard lesson I learned myself some time ago :) Especially not where you just give them your money and hope that they would be kind enough to at least pay initial investment and you have no control or even no idea what they do or how they do "profits".

I am hearing about this profitcoins. io For the first time and I believe that it is always good you should do good personal report before putting in your hard earned money. I have tried many icos and there is no one that really give me good returned. We are still at the early stages of cryptocurrencies development and  you have to test most of the opportunities you see with carefulness and low risks investments.