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Cryptocurrency

Is Stepium a Scam Opportunity or Can You Really Make Easy ETH? – Review

Stepium claims to be an amazing opportunity to make money with Ethereum but this might not be true. There is a lot of hype surrounding this but much of the information out there is misleading. Many of the people claiming this project is amazing and trying to get you to join are only doing so because they will make money off of you when you buy in.

In this review I’ll be going over what Stepium is, how it works, how you make money, and whether or not I think its a scam. So if you are suspicious and wondering is Stepium a scam you are going to want to read this.

Stepium Review

Stepium may look like an easy way to earn money but I have some major concerns with what is going on here. With all the cryptocurrency scams out there that I’ve looked into I know better than to just jump into any opportunity that pops up. First I’ll be going over how you can make money here followed by my concerns and why it could very well be a scam.

Ways To Make Money

Cloud Mining

With cloud mining you basically rent or lease mining equipment and earn from the revenue that the equipment generates. The more money you put into it the more equipment you lease and the more you earn. Hashflare is a popular cloud mining service and BTCMiner is another not so popular one.

The way this place allows you to lease equipment is through SMT tokens. You buy these to be able to earn from the mining.

Referrals

There is both a linear and binary compensation structure that you can earn money with by recruiting in new investors. They both pay 6 levels deep, meaning you can earn ETH from the people you recruit (level 1), the people they recruit (level 2), the people they recruit (level 3) and so on.

The percentage that you make decreases per level but because of the pyramid structure that this compensation plan has and how it branches out more and more as you go down levels, you will be able to earn more the further down you go.

To participate in the referral program you don’t need to be participating in the cloud mining.

Linear vs Binary

With a linear compensation structure there are unlimited positions on each level, whereas with a binary compensation structure there are 2 spots beneath each person.

In the diagram below you can see the difference (linear is the same as uni-level)…

With the linear compensation plan you will be able to earn ETH right away but with the binary compensation plan you will have to fill up the structure until you fill the bottom level and after that you will earn income. The amount of levels you will have to fill depends on the level you bought in at.

Cost to Join

The cost to join ranges a lot. There are 6 levels you can buy in at starting at 0.06 ETH and going way up to 155.01 ETH at level 6.

The higher you buy in at the more it costs but the more potential you have to earn. For example if you buy in at a higher level you will be able to unlock more levels of the binary compensation plan, which means you will be able to earn a lot more from the people recruited in beneath you.

Concerns

No Information On Team Behind This

When I look into cryptocurrency opportunities like this that have the potential to be a scam I always look into the team behind it to see if they are credible or not. In this case, and in the case of many known scams, there is no information given on the people behind it all. This is a problem for me…. a major one.

I have no idea who is running the operation here and I have no idea if I can trust them. This could be run by known scammers, but of course no one will ever know.

No Information On Mining Operations

Going along with the lack of information, there is also no information on the mining operations actually going on. They tell you that you can buy their SMT tokens (Stepium Mining Tokens) and this will allow you to earn from their mining operation… but where is the proof?

I know that mining pools like this where people all chip in to basically lease the equipment do exist, but I also know that there are a lot of cloud mining scams out there that claim they do this but in reality do not.

They should show pictures of their mining operation, tell you where its located…. anything. Instead you are left knowing nothing at all and are supposed to trust that they are doing what they say… even though you don’t even know who you have to trust because they don’t reveal the people behind it.

Potential to Be Ponzi Scheme

This very well could be a Ponzi scheme as far as I see it. Because of their lack of transparency you really don’t know what is going on behind the scenes. You have no idea what they are doing with your investments.

You could buy a bunch of SMT tokens to participate in the mining operation but who is to say that these tokens are actually going towards mining equipment?

There have been plenty of scam cloud mining operations like this that don’t do what they say. This could easily be a Ponzi where you think you are investing in mining equipment but really your investment is just going to pay off older investors. With Ponzi’s there is basically just a big transfer of money going on with new investments going to pay off other investors. There is no value provided and eventually they collapse when the flow of new investors decreases too much.

On top of this the lucrative recruitment structure is another common characteristic of a ponzi.

Final Thoughts

You can invest if you wish but I certainly will not be. There is no reason for me not to believe this is a ponzi scheme. If it were legit I would like to see some proof of this. The problem is that I see no proof of it and I know that it could easily be a ponzi scheme. I’ve seen this before and who is to say it can’t happen again. Stepium has many characteristics of being a cryptocurrency scam which I talked about in the post I wrote on how to spot a cryptocurrency scam.

If you have invested in this opportunity and have any thoughts on this please leave the below in the comment section. I would like to hear more from people who bought in. And please… no sales pitches.

On another note, which is not cryptocurrency related. If you are looking to make money online you might want to take a look at how I do it. The reason I’m mentioning this is because I know a lot of people looking to make money with cryptocurrency are just looking for money and not necessarily interested in the crypto technology they are looking to invest in. So if you are wanting to make money online take a look. I’m making good money online consistently right now doing this.

If you have any questions or comments please leave them below and I’ll try to get back to you soon ?

"Get Rich Quick", Cryptocurrency, Easy Money Scams

The Bitcoin Focus Group Scam – Disgusting Scam

David Kramer claims that his Bitcoin Focus Group is making people rich…. really rich. He claims that people with absolutely no experience with Bitcoin are becoming millionaires with it. But unfortunately all of this is more than likely a filthy lie. The bottom line is that you cannot trust this place at all and I absolutely do NOT recommend anyone buy into it.

In this short review I’ll be going over what I found out about this place that you will want to here…. and its not good. Is Bitcoin Focus Group a scam? The answer to that is more than likely. This place is full of lies and things that just plain don’t make any sense.

Bitcoin Focus Group Review

David Kramer is supposedly the guy that created Bitcoin Focus Group. He claims that he is selecting a limited number of participants for this group and he claims that it “can and will make you significant profits online”.

Of course when you hear bold claims like this you should be suspicious. With the many similar scams out there like Bitcoin Bonanza & Bit Bubble Tech, you need to be on your toes. And since you are reading my review right now I’m guessing that this is the case.

Opportunities like this that claim to be able to make you tons of easy money are usually scams. This is no different.

What I’m going to show you first are some of the lies that they throw in your face and then I’ll go over how they claim this place makes you money… which makes no sense at all…

A Few Lies to Start Off With

David Kramer is Fake

Whenever I look into a possible scam like this I always search the pictures that they show for people. Why? Well because when it comes to scams the real people behind them hide their faces so that no one knows who they are. What they often do is put up fake pictures instead.

After running a reverse Google image search on this “David Kramer” guy who claims to have created The Bitcoin Focus Group, I found that this is nothing more than a stock photo that anyone can purchase online and use as they wish.

In addition to the fake image, I was also not able to find any information about David Kramer and his Bitcoin Focus Group outside of what is said in the promo video for this place.

The Testimonials Are Fake

Just like David Kramer, the testimonial videos they show you in the promo video are also completely fake. I knew these were fake the second I saw them because I have seen these same people in testimonial videos for other scam products I have reviewed.

The people in these videos are paid actors that are saying what they got paid to say. They didn’t actually try out The Bitcoin Focus Group and they didn’t actually make money from it. They did make money… but this was from making fake videos for it.

As you can see below, the one man that was in a testimonial video offers his services on Fiverr, which is where you can hire actors like this…

How Bitcoin Focus Group Makes You Money

Ok, so first “David Kramer” tells you that this focus group makes money by testing out new methods like trading and investment strategies, trading softwares, and so on. Then he tells you that “Johnson and Rutger” is starting a new focus group that is lasting 90 days.

I did a little research on this and “Johnson and Rutger” doesn’t exist as I was expecting.

He goes on to tell you that people in this focus group make money by investing in ICO’s and using trading algorithms. Then he tells you that the Bitcoin Focus Group is an auto trading software that makes trades automatically for you.

Doesn’t Makes Sense?

The reason this is all confusing is because none of it makes any sense. They are just throwing around some terms and trying to make it sound like the next big thing.

The guy talks about ICO’s and things like this and then he tells you that this whole thing is some trading bot…. which has nothing to do with ICO’s.. this makes no sense.

On top of this, at the beginning of the promo video he tells you that this Bitcoin Focus Group is going to make people rich from Bitcoin. But ICO’s have nothing to do with Bitcoin…

I don’t know what to make of all of this. Things just aren’t fitting together and none of it makes sense.

Major Scam Warning Sign

Ok so the software is free right? Ya, that’s what they all say.

The problem is that you will first have to make an initial investment for the trading software to make trades for you and to supposedly make you money. For this investment they will direct you to an unregulated broker.

The fact that they direct you to a broker is a major scam sign. With cryptocurrency trading you do not need a broker. I actively trade in the cryptocurrency market and this is absolutely unnecessary and isn’t making sense to me. You should be able to integrate the bot directly to an exchange itself.

The fact that a broker is involved is another one of the common scam signs that I went over in my post 10 Ways to Spot a Cryptocurrency Scam.

Whats more than likely going to happen is you are going to sign up to use this software, deposit your money and never see that money again. The software might make you think that you are making tons of money but when it comes time to cash out you will not be able to.

Conclusion on Bitcoin Focus Group – Scam

So when I first look into opportunities like this that appear very shady, I go in with the mindset that it is more than likely a scam and that I have to be proven otherwise. In other words, I’m looking for signs that its legitimate to prove me wrong. Unfortunately there is nothing that proves this place to be legitimate. Everything I see about it just further proves that it is in fact a filthy scam that is preying upon those looking to make money online.

You can try out this opportunity if you wish but I certainly don’t recommend it… not even close.

If you have any questions or comments please leave them below and I’ll try to get back to you soon ?

Cryptocurrency, MLM's

Is Supreme Power Coin a Scam… Ponzi Scheme Maybe? – Read This First

Supreme Power Coin claims to be a cryptocurrency that is a great investment opportunity but can you really trust what they say? I’m here to tell you that you shouldn’t and I’ll be going over why.

If you are wondering is Supreme Power Coin a scam?… is it a Ponzi scheme?.. etc… then you are in the right place. I came across this project recently and there are some serious concerns that I have. If you have already invested in this coin you are going to wish you wouldn’t have.

Supreme Power Coin Review

Supreme Power Coin claims to be a decentralized peer to peer cryptocurrency that has its own blockchain utilizing a Proof of Work (PoW) protocol. You don’t have to know what all of this means. Basically what they tell you is that its pretty much the same type of deal as bitcoin. They really don’t go into much detail at all (which is concerning by the way), but from what they do tell you it sounds the same as bitcoin.

I read through their whitepaper, which tells you about the project, what it aims to do, the technology behind it, etc and I really didn’t get much information at all. It was very vague and didn’t say much. On top of that I also noticed a lot of mistakes when talking about the basic fundamentals of cryptocurrency which didn’t make any sense. This leads me to believe the people behind this are not serious and don’t know what they are doing.

Or maybe they do know what they are doing… which is scamming people… Hmmm? Could it be true? You can draw your own conclusions from this. It will be pretty clear at the end.

A Look at The Team Behind It

Just as I expected… they don’t give you any names. They list the founder on their website, say some brief and completely unproven background info, and then post a picture. I have no idea who this guy is and can’t verify anything they say because of this…

On top of that they do the same for the other team members. No names are listed and there is no way of looking into these people.

VERY shady indeed and a major red-flag that is one of many signs of a cryptocurrency scam.

And by the way, you can read a post I wrote on 10 ways to spot a cryptocurrency scam here.

Major Problem Here

Not only is there no information on the team, but there is also no information on the technology that is supposedly behind this project. They tell you that Supreme Power Coin runs on its own blockchain and everything yet offer no proof of this.

With bitcoin, ethereum, and many of the other cryptocurrency projects out there they are open source, which means that anyone can take a look at their code. With Supreme Power Coin they are not open source and don’t show you anything. So pretty much no one knows what is going on behind the scenes and we are just supposed to trust them even though they don’t give their names or anything.

This is a major problem. How can you possibly trust this place.

And it gets worse. Of course this place has a massive mlm compensation plan…

Ponzi Scheme?… Likely

Supreme Power Coin has a business model where you can earn money by referring other people to invest, and from the people they refer in, and from the people they refer in, and so on. You can earn down to 20 levels deep. The people that you directly refer in are level 1, the people they refer in are level 2, the people they refer in are level 3, and so on.

Now I’m not saying that just because it has a mlm (multi-level marketing) compensation plan that its a ponzi scheme, but it definitely makes me more suspicious on top of everything I went over above.

Fixed Income… Come On Now, Seriously?

And of course this place also promises fixed returns on investments. I’m not sure how this “trading revenue income” actually works because they don’t tell you, but apparently you can make fixed returns by buying the Supreme Power Coin.

And of course this is one of the tops signs of a cyptocurrency investment scam. I don’t know how they can promise fixed returns. It just makes no sense.

Whats Really Going On Here

This place is more than likely a ponzi scheme all the way. Now I have no proof of this because they are not transparent at all and I don’t know what the real operations look like, but judging from what I see this is where I stand.

Just think about it: they provide very little information and no proof of what is actually going on, they have a massive mlm compensation structure to get people to recruit other investors in, and they promise fixed returns on investments….. everything about this points to it being a ponzi scheme similar to LendConnect, Bits Trades, BTCMiner, and many others.

But can you make money?

Some people will make money with ponzi schemes but the majority of people will lose money. The way they are set up only the people that get in early will make money. But of course this depends on a lot of other factors such as how well the scheme is promoted.

Ponzi schemes are basically just a big transfer of money with no value being provided. Older investors are paid off by the investments of newcomers. They are bound to collapse and you never know when.

Final Thoughts

I would absolutely avoid Supreme Power Coin. They cannot be trusted and if they are a ponzi scheme, as I suspect they are, then they are doomed. These things never work out. The creators and the people at the very top will make a lot of money but most of the investors will be screwed. They are illegal in most places on earth for a reason.

I’m not going to tell you what to do but if you do invest here you likely will lose money.

On another note, which is not cryptocurrency related. If you are looking to make money online check out how I do it. The reason I’m mentioning this is because I know a lot of people looking to make money with cryptocurrency are just looking for money and not necessarily interested in the crypto technology they are looking to invest in. So if you are wanting to make money take a look. I’m making over $6,000/mo consistently right now doing this.

If you have any questions or comments please leave them below and I’ll try to get back to you soon ?

Cryptocurrency

Is Bonus Bitcoin a Scam? – Real Review of bonusbitcoin.co

Bonus Bitcoin claims to be a free bitcoin faucet where there is 5,000 Satoshi’s given away every 15 minutes. But is this really true? It sounds a bit like it might be a too good to be true so I took a deeper look into it all to see how this place operates. Is Bonus Bitcoin a scam…. is it legit… is it worth your time?? These are all questions I’ll be answering in this review.

With the new-gained popularity of cryptocurrencies there are a lot of scams out there that need to be avoided. This is one of the reasons I’m very suspicious of anything that even slightly seems too good to be true. Earning free bitcoin doesn’t exactly make sense. They have to be making money from somewhere and I’ll be going over how it all works.

Bonus Bitcoin Review

Bonus Bitcoin (found at bitcoinbonus.co) is a site that gives away free bitcoin as I said. They call the site a “bitcoin faucet”. When I first came across the site I thought for sure it was just another crypto scam like the many out there, including recent scams like Bitcoin Bonanaza & BTCMiner.

After reviewing the site and and seeing how it all works I’ve found out that it is actually legitimate but its probably not worth your time. You literally will make next to nothing with this site and you will see why.

How Bonus Bitcoin Works

When I’m determining if an opportunity is legitimate or not I always look at the money trail and ask myself if it makes any sense. Ok I get that they pay you in bitcoin but where do they get the money to do so in the first place? If something doesn’t make sense then its more than likely a scam.

With Bonus Bitcoin they make their money via advertisments. In order to use their site you have to make sure your adblockers are off. When I first landed on the site I have mine on and wasn’t seeing any ads so things seemed strange. Then I turned it off and sure enough there were ads everywhere…

So they get paid by the advertisers and then they give back some of that money through their free bitcoin faucet. Everything makes sense here.

They also have a referral program where you can earn 50% of what your referrals earn. This is to help drive more traffic to the site because of course the more traffic they get the more they make in ad revenue.

But can you make much?

How Much Can You Make?

The amount that you can make per claim will vary depending on how much Bonus Bitcoin is making in ad revenue. But all in all its not much at all.

As you can see here I made 23 satoshi’s from a single claim…

After each claim you have to wait 15 minutes to be able to make another.

The amount of bitcoin given out will depend on the market value of bitcoin. In the example above my 23 satoshi’s equal about $0.002 right now. This is probably different when you are reading this but no matter how many satoshi’s you end up making their value will be right around what it is here… which is much less than a cent.

How to Make a Claim

Making a claim and earning free bitcoin is very simple. There is one of those things you have to check to confirm you are not a robot and then you just click a button to claim it. That is it.

After that your bitcoin will be deposited into your CoinPot balance.

After you get up to a 10,000 satoshi balance you will be able to cash out and send your bitcoin to a wallet of your choice where you can then do with it as you please.

Conclusion on BonusBitcoin.co – Is It Worth Your Time?

Whether or not this place is worth your time is ultimately a question that you need to answer on your own. Personally I do not think this is worth my time and I won’t be spending any more time claiming small amounts of bitcoin. There are just better things I can be doing.

With each time you claim your bitcoin and earn it free from the faucet you are earning less than 1 cent. I really don’t know how anyone can think that this is worth their time. I think its ridiculous and just a very poor choice of time spent.

But anyways… do what you want to do.

On another note, I would suggest checking out my guide on how I make money online. In this guide I go over how I’ve been making money online since 2015 and how others can too. I think you might be interested in it. You can go through it Here.

Be sure to leave any comments and questions below and I’ll get back to you soon 🙂

Cryptocurrency

Is BTCMiner a Scam? – Review of btcminer.me

If you are looking to invest in BTCMiner (at btcminer.me) then I highly suggest you read this first. Why? Well because this places is more than likely not what it claims to be. There are lots of complaints and many red flags. Is BTCMiner a scam? You can decide for yourself after reading.

In this review I’ll be going over what BTCMiner claims to be, how you supposedly make money, some serious concerns I have, some of the common complaints I’ve found online and more.

What is BTCMiner?

BTCMiner claims to be a mining pool in which anyone can participate and earn bitcoin from their mining operations. Its kind of like a more rundown version of HashFlare if you have ever heard of them.

Mining pools are basically groups of investors that come together and put money into mining equipment then share the profits from the entire operation based on how much they invested. The reason mining pools exist is because mining bitcoin these days is extremely expensive and not many people can afford to do it on their own.

There are legitimate mining pool operations going on out there but there are a lot of mining pool scams as well. This is what you have to be careful with.

Near the end of this review I’ll be going over some concerns I have with BTCMiner and why I think it very well might be a scam rather than legit. First I’m going to go over the payment plans though.

How You Make Money

Like I said, you invest money to make money. When you invest you are investing in the mining operation costs and by doing so you are getting a piece of the profit.

There are 4 different investment plans you can choose from which include…

Version 1.1

Costs 0.0010 BTC
Earn up to 0.0012 BTC per day

Version 1.2

Costs 0.0090 BTC
Earn up to 0.015 BTC per day

Version 1.3

Costs 0.0800 BTC
Earn up to 0.15 BTC per day

Version 1.4

Costs 0.5000 BTC
Earn up to 1 BTC per day

As you can see you can invest anywhere from 0.001 to 0.5 bitcoin to get started and you can supposedly earn up to 1 whole bitcoin per day if you invest in the highest investment plan.

But I have one question here…

How Can You Possibly Make This Much?

Lets just think about the version 1.4 plan for a second. They claim that you can buy this plan for 0.5 BTC and that you will earn 1 bitcoin per day. That is insane… Literally in just one day they are telling you that you can double your bitcoin.

This is a major red-flag and seriously unrealistic. I know bitcoin mining can be profitable but it isn’t this profitable. Doubling your money in a single day??? Come on now. This is absurd and in no way possible.

Concerns About This Place

Besides the income claims being massively unrealistic, there are a few other things that I want to point out about BTCMiner.com that leads me to believe its nothing more than a scam.

For one, they don’t show you any proof of what is really going on here. For legitimate mining operations you will see lots of information about the actual operation. They will show you pictures and provide details about where their mining equipment is located, they will keep you updated on the status of whats going on, etc. Here they do not do any of this.

You are supposedly investing in this mining operation but have no idea where its located, what it looks like, who is running it? You don’t know anything because they don’t tell you anything.

Ponzi Scheme Maybe?

Crypto mining pool scams are usually some type of Ponzi scheme. Why? Well because its easy to operate a ponzi under the cover of a mining pool. Its the perfect cover.

With ponzi’s there is no real value being provided. Instead of making a legitimate return on people’s investments the older investors are paid by the newcomers. These will work for a certain period of time but are doomed to collapse at some point once the amount of new investors coming in slows down.

There are rumors that BTCMiner might be a ponzi and I agree. It very likely could be one and probably is judging from the lack of information and transparency given.

It also really pushes members to recruit others to come invest in BTCMiner. They promise some pretty high referral bonuses this is something that yet again seems very unsustainable to me.

But they show payment proofs?

This doesn’t matter. Ponzi’s pay people too. Just because they are paying people doesn’t mean they aren’t a scam. They show payment proofs but they don’t show proof that this money is coming from the mining operations.

Lots of Complaints

I’m not the only one that has negative views about this site. If you do some research you will find plenty of complaints. I for one have not actually invested bitcoin here but there are others that have and claim they have not received any payments…

Conclusion on BTCMiner – Is There Any Chance You Will Make Money?

You might make money but I sure as heck wouldn’t count on it. Its either a pure scam where they don’t pay out at all or its a ponzi scheme type scam where they will pay out but it will eventually collapse. Either way its a terrible idea to invest in. There are a heck of a lot of scams in the crypto space and this place has many of the common signs of scams that I see over an over again looking into opportunities like this.

As always I suggest doing your own research on things before putting money into them. I have provided a good bit here but if you are still interested in investing in BTCMiner I would definitely do more research because I really don’t recommend it and think you have a good chance at losing money overall.

On a completely different note. If you are looking to make money online it is probably a good idea to not put all your eggs in one basket. I always recommend this program for newbies that are looking to make an online income. It has nothing to do with cryptocurrency or anything but I just thought I’d mention it because I’ve been a members since 2015 and make some good money with it.

If you have any questions or comments on anything at all just leave them in the comment section below 🙂

"Get Rich Quick", Cryptocurrency, Easy Money Scams

Bitcoin Bonanza Scam Alert – This Trading Software Is a Scam!

Bitcoin Bonanza is a cryptocurrency trading software that is supposedly making people over $10,000 per day. But we all know that you can’t trust everything you hear online and this does sound a bit excessive.

So is this true? Or is Bitcoin Bonanza a scam that you need to avoid? I’ll get straight to the point of this review here and warn you that this is a scam. I see scams like this all the time and in this review I’ll be going over why it is one.

Bitcoin Bonanza Trading Software Review

Upon landing on the sales page I was fairly certain it was a scam right off the bat. Because of this I went in with the mindset that they have to prove to me that it isn’t a scam. But after digging around and looking for information my suspicious was just further confirmed.

Whenever you come across a system like this that claims it is super easy and that you can make $9,600 in just 24 hours you need to be very cautious because its more than likely a scam.

In the ridiculous sales video I watched for this they were saying that every person in the beta group that tested this software out made over $11,000 in just a single day. Are you kidding me?

How Does It Work?

Well of course there is just about no information at all on how any of it actually works. You are just supposed to trust that it can make you thousands of dollars per day without knowing how on earth it even does it.

They tell you that the trading software runs on an “unmatched trading algorithm that breaks market laws”. This is great and all but it doesn’t tell me anything about how it actually works. How does it break market laws. What does the algorithm look for and how does it find such profitable trades?

There is no information on how it actually works and this is one of the most common characteristics you will see with scams.

Red Flag! – Limited Availability Scam Tactic

When you try to exit the page you will see a popup that comes up in your face stating there are only a few spots left and that you must reserve your spot now. This is a common scam tactic used to create a false sense of scarcity to try to get people to buy in right away.

This makes viewers think that it is urgent that they get in and often leads to people buying in without doing the extra research and coming across reviews like this one that I’m writing now.

I know that this limited availability popup is completely fake because you can exit the site and come back to it in a week or even a month and it will say the same darn thing.

Another Red Flag! – Fake Testimonials

Down below the sales video on the sales page you will see testimonials from people who are supposedly members of this system and have been making tons of money. I like to read over testimonials and reviews before I buy into things like this but the problem with these testimonials in particular is that they are completely fake and made-up.

How do I know? Well I ran a reverse Google image search for the one lady’s picture that is in one of these testimonials and as you can see below this same picture is being used all over the internet. The creators of this scam just took the image and threw it in here.

A Look at The Creators.. Yet Another Problem

And yet another major problem that I came across is that there is not information on the creators of this trading software. I want to know more about the team behind things like this before I jump in and with this there is no information at all.

Doesn’t this seem a bit strange? With legitimate softwares, programs, business opportunities, etc… you should be able to read up on the people who started it all. Because there is no information on anyone I am forced to believe that they are hiding something. For some reason the creators don’t want us to know them and this is another red flag for me.

For all I know the creators of this could be the same people as the creators of scams like Bitconnect, Crypto Magnet, Crypto Genius, and others. I just don’t know if I can trust them or not and in a market filled with scams like this its just too risky.

Conclusion on Bitcoin Bonanza – What a Scam

There is pretty much no doubt that this is one big scam. There is nothing about it that makes me believe it is legitimate. Everything points to it being a scam. There are certain characteristics to look for when spotting a crypto scam and this has many of these characteristics present. There are more that I’m not even going to go over but I think you get the point from what I did cover above…. you just can’t trust this place. Everything about it is a lie.

This is just another scam software that lures people in with the hopes and dreams of making easy money online. There are a lot of scam artists out there capitalizing on the cryptocurrency boom. This new technology has gained a lot of popularity and with popularity like this along with the ability to make money, the scam artists are everywhere. I literally review a new cryptocurrency related scams several times per week on my site here.

If you do sign up here is what is going to happen: They give you the software for free but you will then have to fund your trading account. Once you fund your account you will never be able to get your money back. They might make it look like you are making money with the software but you will not be able to withdrawal that money because everything is fake. Its all a fraud.

So just be careful out there and avoid opportunities like this.

On another note, which is not cryptocurrency related. If you are looking to make money online check out how I do it. The reason I’m mentioning this is because I know a lot of people looking to make money with cryptocurrency are just looking for money and not necessarily interested in the crypto technology they are looking to invest in. So if you are wanting to make money online take a look. I’m making over $6,000/mo consistently right now doing this.

If you have any questions or comments please leave them below and I’ll try to get back to you soon ?

Cryptocurrency

Bits Trades, Scam or Good Investment Opportunity? – Real Review

If you are looking into investing in Bits Trades and a bit worried about the legitimacy of it all then good for you. There are a lot of scams out there and quite honestly this looks like another. It has many resemblances of a very popular and infamous scam that I’ll go over and quite a few things I’m concerned with overall.

You might actually be able to make money with Bits Trades but is it really worth the risk? In this review I’ll be taking a level-headed approach to it all and try to break everything down for you. Is Bits Trades a scam? Find out…

BitsTrades Review

Bits Trades (at bitstrades.com) claims to be a “digital banking community for bitcoin and cyrptocurrency investment solutions”. Its kind of confusing what exactly they mean by this because I don’t really see any evidence of this being the case.

The BitsTrades coin (BSS) is supposedly like bitcoin in just about every way. They really don’t give too much information on it all but they do tell you that it is a decentralized, peer to peer cryptocurrency. They don’t tell you anything about how the technology behind it works or anything like that.

The BitsTrades Platform

On the Bits Trades platform there are 4 ways that you can potentially make money with the BSS coin. These include the following

1) Staking

This is when you simply buy and hold BSS in your wallet. You will be able to earn a monthly interest for doing so.

2) Investing

They have a lending platform that you can invest your BSS in and earn profits from their trading bot & volatility software. Basically what you do here is buy BSS and then lend it back to the platform where they use it to trade.

3) Trading

On Bits Trades they have an exchange where you can buy and sell BSS for Bitcoin. You an potentially capitalize on market fluctuations.

4) Mining

They say you are able to mine BSS. I’m not sure how exactly this all works as there isn’t much of any information on it all.

The Main Focus of Bits Trades

The lending platform seems to be the focus of the entire site and this is worrisome. Why does it worry me? Well because we have seen some massive “lending” scams in the past such as Bitconnect & BitconnectX.

For those of you who do not know, Bitconnect was a massive cryptocurrency lending platform that was more than likely a covered up Ponzi scheme. It was once valued at over $1.5 billion and then collapsed in an extremely short period of time to well under $100 million.

Bitconnect and BitsTrades are very similar…. in fact they are pretty much the same darn thing. The same goes for other platforms like Davor Coin and LendConnect.

I’m not saying that just because it is a lending platform that its a scam. It is possible that it could be legitimate and that they really are doing what they say. There is nothing wrong with lending back to them and earning profit from their trading bot and volatility software. But I do still worry and have my suspicions about it all and this is why…

Some Red-Flags

Besides resembling some known scams, BitsTrades has some other very common scam characteristics that you should be aware of.

#1) No Information On The Team Behind It

There is no information given on the people behind this. You don’t know who is running the show here and you don’t know if you can trust them or how credible they are. For all I know it could be the same people that created the Bitconnect scam (which are also unknown by the way).

#2) Vague Details About How Things Work

All of the information given about how things work and how you will be able to make money is very vague. There really isn’t much to it all that is known.

Take for example the “Volatility Software” that they mention several times. There is no information given on how this works, how it runs, what exactly it does… anything. We are just supposed to trust that this “volatility software” somehow brings in massive profits for you.

#3) No Transparency

When it comes to the platform, once again you just have to trust that they are doing what they say they are. You don’t really know what they are doing when you lend your BSS back to them. They don’t give you any information on what the trading and volatility software is actually doing with that and this is yet another problem.

Ponzi Scheme?

Ok, so if you invest in BitsTrades you are going to be buying BSS and then probably lending it back to them, all while having no real proof that they are actually doing what they say. This was the big problem with Bitconnect. They told people that they were using their lended coins to make money with their volatility software just as BitsTrades tells you. But this obviously wasn’t true because if they were they would have never imploded as they did.

What Bitconnect was doing and BitsTrades is potentially doing was running a Ponzi scheme. This is when the investments of new members is used to pay off existing members. This very well could be going on in the background due to lack of transparency.

What also makes me believe that it very well could be a ponzi is the fact that they have a very lucrative mlm referral program. This means that you can recruit in others to invest in BitsTrades and make money off of them, and make money off of the people that they recruit in, and off of the people that they recruit in and so on. Recruitment structures like this definitely do not mean that opportunities are a scam but they are at the core of ponzi schemes and this coupled along with their lack of transparency is a problem.

But Can You Make Money?

In Ponzi schemes you can make money and some people make a heck of a lot of money. Bitconnect, for example, turned some people into millionaires. But this all depends on how early you get in and how successful the ponzi scheme will be.

Those that get in early stand a chance to make a lot of money if the ponzi continues to operate for a while after. Those that get in late are screwed. With Ponzi’s the majority of people lose money. That is a statistical fact.

Conclusion on BitsTrades – Is It Worth Investing In?

The possibility that BitsTrades is a ponzi scheme is very high. They are very vague with what they tell you, there is no information the creators or team behind it, and it resembles known cryptocurrency lending scams in many ways. Spotting a cryptocurrency scam can be tricky these days so you have to be careful.

While some people will probably make money with it I definitely would advise against investing in it. You never know how successful it will be and when it will collapse. All you know is that if it is a Ponzi then it will collapse at some point. And with all the negative news surrounding Bitconnect I don’t see this one being a very successful Ponzi.

You can invest at your own risk but this is not something I will be doing. And of course if you do invest never invest more than you can afford to lose, especially when there is a good chance you are going to lose it, as with this.

If you have any questions or comments please leave them below and I’ll try to get back to you soon 🙂

"Get Rich Quick", Cryptocurrency, Easy Money Scams

The Bitcoin Advertising Scam – Yes… Another Major Scam

The Bitcoin Advertising software claims that if “flips” bitcoin ads online and can generate investors an average of $13,000 per day. Now that’s a heck of a lot of money. Can it really live up to the bold claims made? The answer is no it cannot. The Bitcoin Advertising software will scam you out of your money and just leave you with less than when you started it all.

I’m guessing that you were already suspicious that this place was a scam before reading this. You took the time to do a little extra research and came across my review so you must have been thinking in the back of your head that this place is a scam. In this review I’m going to be going over some major red-flags that scream “scam!” at the top of their lungs.

Bitcoin Advertising Review

When you first land on the website, which is bitcoinadvertising.co (they may have other sites too), you are greeted with large text that states “bitcoin advertising is making people rich and you can become the next millionaire”. These are some pretty big claims to make. And it gets even better…

I went down to the FAQ part of the sales page and found some really insanely ridiculous answers to some questions. They claim that members profit a minimum of $13,000 per day doing less than 20 minutes of work, and that some members have became millionaires in just 2 months of using this software…. WOW.

$13,000 for just 20 minutes of work? Sounds great to me. Where do I deposit my money?

But in all seriousness…. when something sounds way too good to be true then it probably is. In this case this saying really fits.

What is Bitcoin Advertising?

So you may be wondering… what the heck is Bitcoin Advertising?

Well they really don’t tell you all that much about what it is. Pretty much all they tell you is that it is some new “ad flipping” software that has laser accurate performance, superior technology, and is award winning.

They tell you that this this software app performs at 99.4% accuracy, which is higher than any other software in the world!… but what does it do so accurately? What do they mean by this?

They also say that it is ahead of the online advertising market by 0.01 seconds which they claim is a big deal and “if you know anything about advertising, you know this is a huge deal.” Well I’ve been online marketing since 2015 and know a fair amount about online advertising having made a living doing it for years not but I have absolutely no clue what the heck they are talking about.

Then they say that their app got an award for being the number 1 app in the “flipping category” from the US Advertising Association. This is such a load of crap. I looked into this and I can’t even find any organization called the US Advertising Association.

Summary of what it is:

To summarize this section, Bitcoin Advertising is an ad flipping application (doesn’t make sense) that performs at 99.4% accuracy (doesn’t make sense), is 0.01 seconds faster than any other advertising software out there (doesn’t make sense), and was awarded an award from a made up organization (doesn’t make sense).

The only logical conclusion here is either that I’m an idiot and can’t understand a thing about this or that this is a scam. My guess is that its a scam and there are a few other reasons why I think this…

Some More Red-Flags

#1 – Its Too Easy

Whenever something just sounds too easy this is a red-flag and a common characteristic of many scams. For Bitcoin Advertising they claim that you can profit all this money just from 1) filling out your registration, 2) funding your account, and 3) clicking Start to begin making money.

This is one of the most ridiculous scams I’ve come across in a while and its almost to the point where its comical. Its just so unrealistic.

#2 – No Information on The People Behind It

Of course there is no information given on the people behind the software,… those who created it. Legitimate softwares always make this public and if you don’t that usually means there is something to hide.

The reason these people are keeping their identities hidden is because the software doesn’t exist and this is all one massive scam.

#3 – Its Completely Free

They claim that the software is completely free to use and that they charge no commissions at all. Well if this is true then how the hell do they make any money? They have to make money to keep the software updated. There is a lot of work that would have to go into keeping things running and without money how are they going to fund this?

Free trials and things like this are fine, but being 100% completely free forever just doesn’t make any sense.

Overall this software exhibits many of the common signs that cryptocurrency trading scams have. And by the way I wrote a post on some signs that are common among crypto scams that you can read here. It might help you avoid scams in the future.

Conclusion on BitcoinAdvertising – Scam

As far as I see it this whole BitcoinAdvertising thing is a massive scam. There is just nothing about it that makes me think otherwise. When I first started to look into it all I was thinking that it was a scam for sure and was looking for it to prove me wrong. But there is nothing about it that proved me wrong… everything I found just pointed to it being the scam that I suspected it was.

Bitcoin and other cryptocurrency scams like this are a dime a dozen. I review scams similar to this all the time, including the recent Bit Bubble Tech and Banking on Blockchain scams. With all the hype surrounding the crypto industry there are a lot of scammers out there ready to capitalize. The scammers prey upon those entering the industry and looking to make money fast. However, I would say that there are plenty more ways to lose money in crypto rather than gain it. You just need to be careful what you get involved with and of course never invest more money than you can afford to lose.

You can go ahead and invest in this whole Bitcoin Advertising thing if you want to but I sure wouldn’t. Its free to use but what’s going to happen is they are going to steal your money once you fund your account, which is required. But anyways… invest if you want.

On a different note, you can check out one of my top picks for making money online here. This has nothing to do with cryptocurrencies but I find that many people looking into opportunities like this Bitcoin Advertising thing are just looking to make money online. I’ve been doing so since 2015 and make very good money with it. You can learn more here.

Please leave any questions or comments below and I’ll get back to them soon ?

Cryptocurrency

Is Bitcoin Bob a Scam? – I’d Avoid This One

There is a program going around called Bitcoin Bob that is claimed to be a mastermind group created by a guy named Bob that helps regular people cash in on Bitcoin and make a ton of money. But is this too good to be true? Should you trust this place? Is the advice given even any good? Is Bitcoin Bob a scam program that will just leave you with less money than when you started? These are all questions that are important to answer before moving forward.

In this review I’m going to be giving my opinion on it all. I am not promoting this program and I would actually advise to avoid it. You will see why I’m saying this as you read on.

Bitcoin Bob Review

Bitcoin Bob is a simple 3 step “system” that will supposedly help you make money with bitcoin. It claims to contain “100%” free training & information along with your own personal coach that will help you get everything going.

Seems a bit fishy doesn’t it? How are they going to give you your own coach if you aren’t even paying? Well the truth is that your “coach” isn’t really as you are led to believe. The coach’s name is Phillip and he is just the guy that made the short training videos…. not really a coach in my opinion.

Overall the system is very easy to go through and there is no doubt that you can make money with it. However, there is one serious flaw which is the reason I am saying avoid it. This flaw will ultimately lead to most people losing money instead of making money as far as I see.

I’ll go over each step of the system so you see what I mean.

The 3 Step Process

Step 1: Coinbase

This step is going to show you how to purchase Bitcoin and I have nothing against this first step. Coinbase is one of the most trusted exchanges out there and it is where most newbies buy their first bitcoin from due to its simplicity and safety.

I have used Coinbase quite a bit early on however I longer do anymore due to the fees. GDAX, which is another exchange owned by Coinbase, provides the same amount of security but charges pretty much zero fees. This is their more professional cryptocurrency exchange.

But anyways… in this step you are going to have to purchase bitcoin from Coinbase. You will be able to do so with your credit/debit card, bank account, or even with a wire transfer.

Step 2: Davor Coin

This is the “fatal flaw” of this system. In this step of the process you are going to be signing up with Davor and sending your bitcoin over to the platform.

Davor is a cryptocurrency lending platform and this is how it works: You buy Davor Coin and you then “lend” your Davor Coin back to the platform. They then take the money you just lent back to them and invest it in new ICO’s (initial coin offerings) and capitalize on price differences on exchanges through crypto arbitrage trading.

You then will be able to make an average interest rate of 1-2% per day doing this, which equals out to about 48% a month (so they say).

This sounds awesome and all but I’ll go over why I’m really negative on all of this in the next section.

Step 3: Make Money

In this step you will just learn how to use the lending platform on Davor.

My Problem With This

Ok, so after you buy Davor Coin and then lend it back to them, they claim to invest that in new ICO’s or do arbitrage trading, either way making money with it. Then they pay out their members with the earnings that they claim to make doing this.

My problem is that they give no evidence of any of this being true. When you lend your Davor Coin back to them you don’t know what the heck they are doing with it. They don’t show you trades they are making or the ICO’s they are supposedly investing in.

This all reminds me too much of the infamous Bitconnect and BitconnectX scam. If you are unfamiliar with Bitconnect… basically it was a nearly identical lending platform that imploded and people lost tons of money. At its peak it was valued at over $2.5 billion and then crashed hard to under $100 million. Some of the more heavy investors in this platform lost hundreds of thousands of dollars and there are lawsuits going around like crazy.

Bitconnect was more than likely a massive Ponzi scheme that wasn’t doing what it said it was. The money coming in from new investors was being used to pay off the older investors (highly likely). There are a lot of furious people over this but the problem is that no on knows the people behind it.

A Look at The Creators of Davor

Oh no…. there is no information about the creators of Davor either. This is a major problem because its impossible to know whether or not you can trust this place.

If you want to read my review on Davor Coin you can do so. I go over a little more in detail about all of this.

Massive MLM Compensation Plan

Just like Bitconnect, Davor also has a pretty deep mlm compensation plan where you will be able to earn money off of the investments of your recruits, and their recruits, and their recruits, and so on.

This is the reason that “Bitcoin Bob” is providing this free training. Because when he gets people to join Davor and invest money… he gets paid.

In the Davor compensation plan you can earn down to 6 levels beneath you.

Is The Risk Worth It?

Ok so lets go over the 2 main scenarios that I see happening here:

Scenario 1:

Scenario 1 is that Davor is completely legit and that you make a ton of money. Everything is awesome and you strike it rich.

This is highly unlikely because the creators are hiding their faces and because some things on their website make absolutely no sense. Take for example this… I don’t expect everyone to catch this but the problem with the statement made on their website makes no sense. They claim to use blockchain technology but then go on to talk about how you can store your coins on your computer drive, smartphone, etc.

The reason this makes no sense is because with blockchain tech your coins are not stored in any single location. They are stored all over the world due to the decentralized aspect of it all, which I’m not going to get into.

Scenario 2:

In this scenario Davor turns out to be a big Ponzi scheme (highly likely) and you end up losing your money. When the rate of new investors begins to slow and the money isn’t coming in quite as fast these schemes collapse.

Ponzi’s are doomed from the start and are completely unsustainable. They provide no value and only rely on new investments. They are guaranteed to collapse.

But Can You Make Money?

You can definitely make money with Ponzi schemes. Early investors make a killing if the scheme is good. The problem is that you never know when it might collapse.

In ponzi’s the majority of people involved lose money. That is because there are always more people on the bottom of the pyramid than the top. This is something else that is guaranteed in Ponzi’s.

Conclusion on Bitcoin Bob’s Mastermind Group

Honestly I think you would have to be crazy to invest in this right now, especially with what happened to Bitconnect. Everything about Davor reminds me of Bitconnect. When I come across a platform like this I am always skeptical that its a scam and look for ways to be proven wrong. In this case there is nothing about Davor that proves my assumption wrong. There is no proof of their operations being as they say and as far as I see this is a very untrustworthy Ponzi scheme.

You can invest if you want to just be really careful and don’t invest more than you can afford to lose.

Also, I suggest reading over my post on 10 ways to spot a cryptocurrency scam. Davor has quite a few of the characteristics described here.

On a different note, you can check out one of my top picks for making money online here. This has nothing to do with cryptocurrencies but I find that many people looking into opportunities like this Bitcoin Bob thing are just looking to make money online. I’ve been doing this since 2015 and make very good money with it. You can learn more here.

Please leave any questions or comments below and I’ll get back to them soon 🙂

Cryptocurrency

10 Ways to Spot a Cryptocurrency Scam – Read These Before Investing

When it comes to the world of crypto you have to be very careful what you get involved with. There is a heck of a lot of opportunity to make money with the new cryptocurrency technologies but there is also a heck of a lot of opportunity to lose money.

Scam artists are capitalizing on the new popularity surrounding the industry and all the hype of being able to make insanely quick profits. They know that there are a lot of people investing in crypto related opportunities and they are taking advantage of this.

I’m definitely not saying that you should stay away from crypto. I’m heavily invested in the technology and think its one of the greatest investment opportunities there is. However, I am saying that you need to be careful.

In this post I’ll be going over some warning signs that the opportunity you are looking into may be a scam. These do not prove that a particular opportunity is a scam or not but they should definitely raise your eyebrow and make you suspicious.

Before I get into that I first want to go over the 2 main types of cryptocurrency scams that exist.

The 2 Most Common Types of Cryptocurrency Scams

From what I have seen there are 2 main types of cryptocurrency scams that exist. There are the crypto ponzi schemes and there are the crypto trading software scams.

Ponzi Schemes

These are investment opportunities that claim to provide high ROI’s, usually at fixed rates. They will tell you that they are making you money legitimately in one way or another but are hiding the fact that the money being paid out comes from the investments of newer members.

Basically these are just a big flow of money from new investors to older investors.

Trading Software Scams

These scams will try to get you to invest in some “amazing” new trading software that predicts the cryptocurrency market nearly perfectly and wins almost all trades. They are usually promoted as being free to use and you end up losing your money when you fund your trading account.

Signs of a Crypto Scam

#1 – Claims of Being Able to Get Rich

This one is pretty obvious but I think its worth going over.

If a program/system is making claims that you can “make $3,000” today or “earn up to 200% a day” then its likely a scam. There is not one legitimate cryptocurrency related opportunity that I know of that advertises itself as being a get rich quick opportunity.

#2 – Pyramid-like Referral Program

Crypto ponzi schemes like CryptoGain & BTC Global Team will have pyramid structured referral programs where you can earn money by referring people to invest, and from the people they refer in, and from the people they refer in, and so on.

This is how ponzi’s stay in business. They rely on the number of new investors increasing and increasing the further down the pyramid you get.

All goes well until the rate of new investors starts to slow and then they cannot pay the older investors as intended. This is guaranteed to happen in ponzi’s and that is why most people lose money with them.

#3 – Lending Platform

If the investment opportunity you are looking into is pushing people to use their “lending platform” then be wary. Opportunities like this will have their own cryptocurrency which you will have to buy. Then after buying, you will “lend” the cyrptocurrency back to the company where they claim they will trade it for you in the market or use their trading robot to make you profits with it.

Then when you go to get your money back and cash out you find out there is problems.

With the infamous Bitconnect and BitconnectX scam and their lending platform along with others like LendConnect, these are generally not a good idea to get involved with.

#4 – “Secret” Trading Algorithm

Crypto trading software scams often claim to run on some newly developed or secret algorithm that can somehow predict trades with insanely high accuracy. Now I’m not saying that this isn’t possible but usually these scams don’t go into any detail about how the algorithm is able to do this and leave things very vague.

#5 – Referring You to a Broker

You will see this with trading software scams. What they will do is get you to sign up (usually for free) and then they will direct you to a broker that you will be able to deposit your funds to so that they can start the trading.

However, in cryptocurrency trading there is NO need for a broker. If you are every directed to a broker then this is pretty much surely a scam. I trade crypto’s myself and there is absolutely no reason that a broker should ever be needed. It just makes no sense at all and I’ve never heard of a legit crypto trading opportunity that uses brokers.

Some crypto trading software scams that are doing this that you may have run into include Bit Bubble Tech & Crypto Magnet.

#6 – 100% Free!

The trading software scams are usually the ones that are advertised as being free to use. But of course you will have to fund your account to start making money and this is where you end up losing.

Usually scams like this will tell you that they are free because they “want to make you rich”, because its “time to give back to the community”, and other mumbo jumbo.

I’m not saying that nothing good is free, but what I am saying is that good things usually are not free.

#7 – No Information (or Fake Information) About the Creators/Founders

Scams like to remain hidden for obvious reasons. They end up making a lot of people really upset so its necessary for them to cover their faces.

With crypto scams, or any scams for that matter, the people behind it are usually not mentioned or they are fabricated. Before investing money in any opportunity you should always look into those behind it.

#8 – False Scarcity

This is more for the scam trading softwares out there. Many times you will see on the sales pages for these crypto trading softwares that there is “Only 2 Spots Left”, “1 Day Remaining!”, and things like this. Usually these are completely false and are just a way to get people to buy in as fast as possible without doing the proper research that they might do otherwise.

These are very easy to disprove. If they have a time limit then simply exit the page, wait a couple of minutes and go back. Then look at the time and see if things make sense. Usually they will not and the time limit will just reset.

#9 – No Contact Infomation

If there is no contact information so that you can get in touch with support if you have a problem then that is a big problem. But don’t think that just because a place does offer support that they are legit. I have seen many scams that offer support but are still scams.

This is just another red-flag that should get your attention and add some suspicion to it all.

#10 – Just Don’t Make Any Sense

Cryptocurrency technology can be extremely confusing so when you get into the technical details of things then many of the legitimate ones won’t even make sense. However, they should have a nice overview of what they do & how they work in simple words that anyone can understand.

If you can’t understand it then there is a chance its a scam. Many scams seem to actually try to confuse people into thinking they are some great new opportunity but legit opportunities will not do this.

Just Be Careful

Always do your own research before investing in something crypto related, especially if you are new to all of this.

Also, take few minutes to ask yourself if the opportunity you are looking at sounds too good to be true or not. You would be surprised how many scams you can spot by just taking a few extra minutes to think them over and see if everything fits together.

Anyways…. I hope you enjoyed this and I hope some of my tips help save you from falling victim to the scammers of the world. If you have any questions about a particular opportunity being a scam or not and want me to look into it then leave a comment below and I’ll get back to you.

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