What is Bitmassive.biz? Is Bitmassive Scam?
The main objective of this page is to offer you a comprehensive bitmassive review. If you are here, then that means you are wise enough to do your due diligence before investing any of your hard earned Bitcoins. Is bitmassive legit? Or is bitmassive scam? This whole review article is premised on these two simple yet valuable questions. For those who take the saying time is money too literal and would rather just know the answer up front, then now is a good time as any other to tell you that bitmassive.biz is a Ponzi scheme. Continue reading if you want to find out more about the scheme.
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How does Bitmassive work? Why we do not recommend it?
Bitmassive.biz is an online cryptocurrency website dealing with buying wholesale power at a cheaper price and later on retailing it at a profit. The company offers Bitcoin mining services and they explicitly deal with Bitcoins only. There are different plans to choose from for anyone who would like to join as an investor. You get the first glimpse that bitmassive is not legit when you learn about the extremely lucrative investment packages they offer the public.
Their minimum investment package is 0.001BTC which will earn you an extremely high daily interest of 12% forever. Their maximum investment package goes for a maximum of 500BTC and it will earn you a daily interest of 15% forever. What an extremely lucrative investment opportunity offer, right? However, before you start daydreaming it is vital to point out that their business model cannot maintain such a high payout and still remain profitable.
This is where the Ponzi scheme is unveiled in its full glory. What the company does is paying its existing members with the money from new members. This rise is only viable if the number of new members outweighs the number of current users.
Unfortunately, this type of schemes will always come to an end, its just a question of when or rather what time the number of current users become more than the new members. This is why the company is always keen on getting new members through alluring programs like referral program which boast of paying you an impressive 1%-7% from each deposit of your referrals. The company will always strive to always make payments at first. This is because they want to inspire trust and confidence. Once you have the two it is quite easy for anyone to increase their Bitcoin deposits. The whole point is to get as much money circulating within the company because when the time comes to bail out there is more than enough get away with. Victims of such Ponzi schemes rarely get to notice the trouble they are in until the day the website goes offline and they notice they had deposited almost all of their life savings.
The company has a been registered in the United Kingdom with the number 10921103 but anyone can get the same certificate if they have £20 so it doesn’t help that much in the event you want to recoup your money. The only way to stay safe is to keep away from this website and other similar programs.
As we said before, Bitmassive.biz is a ponzi scheme which will be collapse very soon. So, We recommend you to stay away from this site. If you are looking for good companies to make money online then you can find list of those companies by clicking this link https://onlineincomeresources.com/legitimate-work-at-home-opportunities
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if you have any question about Bitmassive or want to ask about any other companies, then please feel free to ask by dropping your comment below. We are happy to help you.