I’m planning to invest some btc in profitcoins. should I do it?

[miroslavt]

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?

[1714166328]

1714166328

[ajochems]

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.

[fokinlipat]

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

[ManaMan]

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.

[RodeoX]

Good bye money! 

Profit coin lol, that's hilarious.

[avdeeva]

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.

[Anait]

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.

[jumbo]

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?

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:



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

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

[leowonderful]

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.

[merkuriya]

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

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

[selezneve]

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?

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  

[ereme]

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 .

[mobnepal]

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

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

[1Referee]

Good bye money! 

Profit coin lol, that's hilarious.

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

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!

[teddy5145]

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.

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 .

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.

[npredtorch]

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 .

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  )

[krishnaverma]

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.

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.

[fokinlipat]

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 .

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

[galkinig]

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.

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.

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

[vandako]

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  

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