What is Cryptoenergy.biz? Is Cryptoenergy Scam?
Are you one of those people who are constantly looking for online investment opportunities? Have you ever come across Cryptoenergy.biz while searching for an online investment opportunity? If you have and are looking for more information before investing your hard earned money, this Cryptoenergy review will certainly offer you a one stop shop for the important things you need to know. So without wasting more time lets have a look at what they offer to the public.
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Cryptoenergy claims to be a leading British energy company in the wholesale energy market. The basic concept is that they buy large quantities of power which will in turn cause the wholesale electricity price to drop significantly. After the significant drop they are able to position themselves as a middle man and are able to acquire profit through the retail price they offer. They offer between 7%-11% return rate on your principle investment. This is high rate on your returns considering you earn the rate on a daily basis. This is one of the things that expose the company as a Ponzi scheme it really is. It is financially impossible for a company to sustain itself offering such a high return on investment. The company pays its members using the funds provided by the new members. The day of reckoning comes when the number of new members becomes less than the number of current members. This creates a deficit which makes it hard for the company to be able to sustain itself.
Cryptoenergy scam mainly depends on the availability of new members. This is why the company offers a generous referral commission. The commission will also vary according to the referral level. Most current members of such companies are aware of the Ponzi scheme but would rather take advantage of the con than raise a red flag. The company will always pay off the high returns on investment at the beginning and this is the time the current users take advantage to profit off the naive investors.
Cryptoenergy.biz domain is registered privately and therefore it is extremely difficult to find out the true owners of the company. The only information provided on their site is the companys registration number i.e. Company number: 10669471 which can be easily be obtained by anyone with £20. This plays well to the advantage of the scammers when the day comes to shut down the website and disappear.It is advisable to always exercise due diligence before investing any of your hard earned money on any business venture. Asking the basic questions and understanding the basic concept of the business is important especially when it comes to online investments. Technology has made it possible for business opportunities to be realized every minute and getting in on the ground floor of a new and growing business may prove to be an extremely lucrative venture. But this doesnt give you an excuse to blindly jump on any business for fear of being left out. Make sure you understand how your money will go in and come out having multiplied and always remember to think twice when the deal is too good.
As we said before, Cryptoenergy 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
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if you have any question about Cryptoenergy 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.