[SCAM] Tradebits.io-Ponzi offering high ROI+ incentivizing Ann thread bumping

[Rikafip]

What happened:  Ponzi investment company offering unrealistically high return, from 8% to 35+% per month. And as it is the always the case with these ponzi schemes, they offer referral reward, as this thing can keep going only if new members keep coming constantly.

As always, there are no mentions who is behind those "expert" traders, that are able to get such a high ROI consistently.


Announcement thread:  https://bitcointalk.org/index.php?topic=5206713.0
Archive:  https://web.archive.org/web/20191204063403/https://bitcointalk.org/index.php?topic=5206713.0

Tradebits Website:  https://tradebits.io/home
Archive:  https://web.archive.org/web/20191204063035/https://tradebits.io/home






Extremely high ROI that can even go over 35% per month. There is no way that is sustainable, sooner or later (most likely very soon) new members will stop coming and this ponzi will fall apart.





On top of that , they are offering BTC for comments on Bitcointalk forum, something  that is strictly forbidden and can lead to ban



 

[The Cryptovator]

Tagged and here is red flag: https://bitcointalk.org/index.php?action=trust;flag=1028,

Offering ponzi scheme and paying for reply on the ANN thread both us countable for punishment. No one is allow to pay for posting in their ANN thread on this forum. This the clear symtoms of scammers. But I think still there is some greedy people who are involved with ponzi scheme, otherwise how they are opening new ponzi scheme everyday. Stay away guys....

[Rikafip]

Tagged and here is red flag: https://bitcointalk.org/index.php?action=trust;flag=1028,

Offering ponzi scheme and paying for reply on the ANN thread both us countable for punishment. No one is allow to pay for posting in their ANN thread on this forum. This the clear symtoms of scammers. But I think still there is some greedy people who are involved with ponzi scheme, otherwise how they are opening new ponzi scheme everyday. Stay away guys....

Flag supported. I was just about to make flag, as i waited for their response, but as always, they really didn't say much.

I like how they mention that they are all about transparency, yet no mentioned of those expert traders and their identity.

[dkbit98]

Flag supported also.
Has anyone checked their 5 page 'whitepaper'?  
https://tradebits.io/whitepaper.pdf

They say they are using Bitmex exchange.
So in fact they are leverage trading with other peoples crypto...

[Rikafip]

Flag supported also.
Has anyone checked their 5 page 'whitepaper'?  
https://tradebits.io/whitepaper.pdf

They say they are using Bitmex exchange.
So in fact they are leverage trading with other peoples crypto...

Hah yeah, there is barely enough material to fill onepager, let alone whole whitepaper.

But then again, there is no much to say about Tradebits, their whitepaper could be summed as "give your money to bunch of anonymous self proclaimed pro traders and you will get some of it back. Maybe".

Another interesting detail:they claim to be in the bussines since 2017, now it is end of 2019 and they now they  have some kind of pre-launch.

[Lafu]

Supporting also the flag!
The whitepaper looks more as the terms and conditions for as an whitepaper.

Dont know how you that seeing!

[tradebitsio]

Dear valued users!

As of now, we have published an early rough draft of our whitepaper and have major updates coming before we go live. This includes a performance page, updated whitepaper, and new referral banners.

If you may have any questions we would be more than happy to help you any time on our website.


Tradebit's banners may appear on coinmarketcap.com as of today!

Regards,
Tradebits

[trapcoder666]

Dear valued users!

As of now, we have published an early rough draft of our whitepaper and have major updates coming before we go live. This includes a performance page, updated whitepaper, and new referral banners.

If you may have any questions we would be more than happy to help you any time on our website.


Tradebit's banners may appear on coinmarketcap.com as of today!

Regards,
Tradebits

Why would you make a thread when it's not updated then ? Same lame excuses from scammers nonetheless.

[fratoshi]

Supporting the flag, those scammers needs to stop scamming investors.
And thank you to OP for exposing this scam.

[Rikafip]

Dear valued users!

As of now, we have published an early rough draft of our whitepaper and have major updates coming before we go live. This includes a performance page, updated whitepaper, and new referral banners.

If you may have any questions we would be more than happy to help you any time on our website.


Tradebit's banners may appear on coinmarketcap.com as of today!

Regards,
Tradebits

You claim to be in the business since 2017, with thousands of trades, yet you don't have basics sorted like proper whitepaper  and team identity. Another thing, how can you be in pre-launch phase if you doing this since 2017?

That part about giving  BTC for Ann thread bumping is still there on your website  by the way..

[tradebitsio]

Dear valued users!

As of now, we have published an early rough draft of our whitepaper and have major updates coming before we go live. This includes a performance page, updated whitepaper, and new referral banners.

If you may have any questions we would be more than happy to help you any time on our website.


Tradebit's banners may appear on coinmarketcap.com as of today!

Regards,
Tradebits

You claim to be in the business since 2017, with thousands of trades, yet you don't have basics sorted like proper whitepaper  and team identity. Another thing, how can you be in pre-launch phase if you doing this since 2017?

That part about giving  BTC for Ann thread bumping is still there on your website  by the way..

Hello,



We have amended the earn BTC section of our website and it is no longer available.


The reason why we pre-launched the website was to make people aware of our system and give them time to study it.


Regards,
Tradebits

[trapcoder666]

Dear valued users!

As of now, we have published an early rough draft of our whitepaper and have major updates coming before we go live. This includes a performance page, updated whitepaper, and new referral banners.

If you may have any questions we would be more than happy to help you any time on our website.


Tradebit's banners may appear on coinmarketcap.com as of today!

Regards,
Tradebits

You claim to be in the business since 2017, with thousands of trades, yet you don't have basics sorted like proper whitepaper  and team identity. Another thing, how can you be in pre-launch phase if you doing this since 2017?

That part about giving  BTC for Ann thread bumping is still there on your website  by the way..

Hello,



We have amended the earn BTC section of our website and it is no longer available.


The reason why we pre-launched the website was to make people aware of our system and give them time to study it.


Regards,
Tradebits

And studied it we indeed it. What's next? Stock photos team members?

[tradebitsio]

Dear valued users!

As of now, we have published an early rough draft of our whitepaper and have major updates coming before we go live. This includes a performance page, updated whitepaper, and new referral banners.

If you may have any questions we would be more than happy to help you any time on our website.


Tradebit's banners may appear on coinmarketcap.com as of today!

Regards,
Tradebits

You claim to be in the business since 2017, with thousands of trades, yet you don't have basics sorted like proper whitepaper  and team identity. Another thing, how can you be in pre-launch phase if you doing this since 2017?

That part about giving  BTC for Ann thread bumping is still there on your website  by the way..

Hello,



We have amended the earn BTC section of our website and it is no longer available.


The reason why we pre-launched the website was to make people aware of our system and give them time to study it.


Regards,
Tradebits

And studied it we indeed it. What's next? Stock photos team members?

Tradebits do not need to show their team members if everyone is earning steady profits, however, the owner of Tradebits will come forward sometime this week and let everyone know how they can contact him.


Regards,
Tradebits

[tradebitsio]

Hello,



Point to be noted:

Tradebits has no interest in scamming anyone we have instant withdrawals, this means you can take our your initial investment + profits at any time!

It doesn't matter whether you invest for 1 day or 30+ days you can always withdraw anytime. *But please note, once you withdraw your funds you investment will be Liquidated" 

Thank you!
Regards

[ryzaadit]

Tradebits has no interest in scamming anyone we have instant withdrawals, this means you can take our your initial investment + profits at any time!

It doesn't matter whether you invest for 1 day or 30+ days you can always withdraw anytime. *But please note, once you withdraw your funds you investment will be Liquidated" 

Thank you!
Regards

Paying does not mean legit, all ponzi site always paying a few users or making a fake payment for their own testimony site.

They will shut down or stop paying around :

3-7 days.
A few weeks.
1-3 month.

Went you put your money to your company, but the company dont have a real location/office and the team was also anonymous.

What a nice strategy for the company if they want to be an exit scam, and what an idiot person if they put money for this service/company.

[fratoshi]

I just saw an add of Tradebits on Coinmarketcap.
Will be carefull, thank your exposing

[Rikafip]

Paying does not mean legit, all ponzi site always paying a few users or making a fake payment for their own testimony site.

They will shut down or stop paying around :

3-7 days.
A few weeks.
1-3 month.

Went you put your money to your company, but the company dont have a real location/office and the team was also anonymous.

What a nice strategy for the company if they want to be an exit scam, and what an idiot person if they put money for this service/company.

Yep. Paying might go on for some shorter period of time while there is constant influx of new users, and especially in the beginning when they want to start things rolling. The moment this slows down, whole scheme starts to crumble.

I just saw an add of Tradebits on Coinmarketcap.
Will be carefull, thank your exposing

Coinmarketcap will advertise just about anything, and it is not a sign of legitimacy. After all, they were advertising Bitconnect too, and we all know how that ended up.

[fratoshi]

Why is not coinmarketcap liable for this?




https://tradebits.io/terms_of_service

We may terminate or suspend your account immediately, without prior notice or liability, for any reason whatsoever, including without limitation if you breach the Terms.

[tradebitsio]

Why is not coinmarketcap liable for this?




https://tradebits.io/terms_of_service

We may terminate or suspend your account immediately, without prior notice or liability, for any reason whatsoever, including without limitation if you breach the Terms.

Hello,


The reason we reserve the right to termination if for users who try to tamper with the system!


Regards,
Tradebits support

[ryzaadit]

The reason we reserve the right to termination if for users who try to tamper with the system!


Regards,
Tradebits support

It's for an exit scam.

Went you already receive huge money from the user or people who try invested on your site/service.

Come dude, always thinking realistic. If they can make a profit, they should trade for themselves and make a profit daily.

Also, can you provide a claim for 1700 successful trade from your service?, searching about "tradebits" at google search engine i  found another service with the same name & service about ICO/Investment but they are now gone.