Bitcoin Forum

I want to enquire about a new cryptocurrency company named rxcrytoprotrader whose location on the website is given as Buckinghamshire. One of the company personnel convinced me to invest $300 in a bitcoin scheme which gives $1200 in 7 days. I'm really doubtful and want to verify the company. Please help me.

If any company/website that offers too good to be true rates in short period of time (even a 1% earning a day), it's a 100% obvious scam, . Nothing more to say.

I believe you are talking about this hyip/ponzi site:

https://www.rxcrytoprotrader.com/

https://i.imgur.com/steMLj4.png

and from what I see on the hyip/ponzi site, they don't have plan that becomes $300 to $1200 in 7 days, look right:

https://i.imgur.com/dMmSeMU.png

Obviously it is impossible for them to pay these returns and you should not invest in these scam sites


company?

it's just a hyip/ponzi site that was created by some scammer, you shouldn't believe in such sites

An investment of $300 which gives $1200 in 7 days would be a ROI of 20800% per year  ::) ::)

That's not possible at all and a big red flag. There's no doubt that it's a scam. The founder can be rich if he invests only 1,000$ of his own money and with re-investment he would be millionaire after a few weeks. In addition there's no team on their website which is another big red flag...

SCAM

It's fake ofc. Checked their website and its full of unrealistic offers designed to lure users.

There's no such thing as no-risk trading. Even if let's say they have their ways to make it happen. Why would there be a need to waste time and recruit users when they can just sell/pawn their assets or take out loans since the money is guaranteed anyway, they can just pay it back after. The reason is that they can't

Don't buy the "we're a registered company" card they're playing. They're just impersonating.  If you look at the "Nature of business (SIC)" part, It is said that it's for real estate.
https://beta.companieshouse.gov.uk/company/03624767

Their certificate is fake and edited, click to zoom in: https://www.rxcrytoprotrader.com/styles/images/certificate_small.png

You don't even need to do research on the website to know that it's a scam. $300 to $1200 in 7 days? Think clearly and logically for a second. Is there any chance you think that that's actually legitimate?

Without even looking any further you can label the company as scam. That profit you are talking about is 1200-300 = 900 and that is 3x the original capital.

Now use your logic and answer this : If someone was able to turn their initial investment into 3x of its original in 7days would they not have become the next billionaire in the world? The answer to this is a yes. But in reality does this happen? No it does not. Hence the logic is true that is the statement given was false.

There is no such scheme which can afford that much profit. Even banks give much lesser return rates and they are unable to meet up with NPAs. Use your logic and you wont fall for such ill designed scams.

It's a scam. A friend of mine was also about to loose his bitcoins when looking for investment.
For me, even the domain is doubtful. No way to loose time searching it.

Whew. Good thing you posted here prior to throwing your money out there as there are times that some newbies will just post here after they already put money on that kind of scheme.

Always remember that there's no easy money. Scammers are everywhere and there's no way a newbie can avoid it unless they will use their common sense. Once you fully used it, you don't need now to consult others if a certain site is sh*t or not.

Charge that to your experience and spread the word to others.

Sound realistic for some people who just know about bitcoin, cause they just know bitcoin have a volatile price who will make them get rich instantly IMO.

Yeah I'll agree with you, I'll give an assessment if there is a place who offer a profit clearly with pariode of times then I won't take a much times to give an assessment that the investment place is scam.

People starts hearing about bitcoin

But they don't know what is bitcoin but still want to make profits from bitcoin

So invest on the ponzi or scam schemes

And completely lose their money into the scammers.

But at the end of they day what they will say to others "Bitcoin is scam","I lost my money from investing on bitcoin".

It's unfortunate you got sucked in. Possibility of recovering your funds depends on how you sent them money and what sort of consumer protection you had.
Just looking at the images posted here they likely only accepted a Crypto payment. If hat's the case this was an expensive lesson. You can report the incident to the authorities but it won't get your funds back.

Sorry for your loss mate.You cant take those bitcoins back and now the best thing to do is to move on.I know its hard but theres nothing we can do,
just take this as a lesson learn for you and these are common incidents here on crypto where these hyip or ponzi schemes are just flying around targeting
greedy newbies that do likes to have fast or easy money on a short period of time and this is the usual outcome that i do see later on where they are
whining and regretting on investing believing on making thereselves to those so called easy profits.

Yeah buddy you got pinched.
I wonder why you agreed to invest first and then come here on the forum after you had already given them the money. If you did it first, we'd have been able to advise you to do otherwise. Anywho! there is no way you can recover what you lost but at least you learned a lesson and created more awareness about this ponzi scheme.

Sure a ponzi and ponzi as usual favours first comers until organizers can't continue and they disappear with what they have left as their own profit in the scam business. This is unfortunate and for other people trying to get rich quick, ponzi isn't the best.

Apparently, the shiller that the scam company hired did his work well and convinced him of the profitability. People when in the midst of a sales pitch some times feel bad to pull out and reject the offer.

$1200 in 7 in days might seem unrealistic to people here, but average joes usually associate crypto with crazy high gains, so it doesn't really surprise me that they continuously fall for these high return scams.

At first it's very curious why the hell will someone include RX (a prescription abbreviation) in crypto related website. At first it's another curious situation that they launched website in new year. (fake date)
On another hand seems they are launched for more than 3 years (fake date) and despite the fact that they promise so much interest and profit, there are 182k deposits and 294k withdrawal.

Exactly my thoughts. It’s obviously a scam/ponzi scheme and you should never trust such “investments”. Even if you start getting some profit the first month, in the ends it’s aleays the same pyramid scam scheme. Please make a separate thread to warn the community about it.