What Is BtcOnline.io and How it Really Operates.
Welcome! I am so glad you have decided to research What Is BtcOnline.io. Those asking:- is BtcOnline io fake? Is BtcOnline genuine? Is BtcOnline a scam? Is BtcOnline Legit? This BtcOnline Review is going to spill the beans on their bad operations and how they are seeking to defraud a great number of people. So, this is why I am happy you have found this article. Your journey for answers really does stop here. Let us ffind out everything below! Those with questions are welcome to ask me in the comments section below.
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Founder:- Not Listed.
Scam/Legit:- Scam. See ‘Final Thoughts‘ bottom of this article for a quick answer as to why.
What Is BtcOnline.io and How they Trick People out of Money.
To know the truth on What Is BtcOnline.io, let us find out a few things first. Perhaps, who owns BtcOnline? Btc Online has no founder details listed in WHOIS and certainly none listed on their site. While their site looks pretty slick, their operations are conning people, should you invest. Their time online already will suggest a less than favorable chance of earning! They say they are a Bitcoin Mining Pool where they magically give out 30 Satoshi a day to their members. That is equivalent to $0.00192700. So, if that were real, has to come from somewhere. I can assure you now – its not coming from legit procedures as they describe on their site. Besides, they have no proof they even have such things as Data Centers, which they need in order to mine on the scale they are portraying.
Here is what they are offering with their investment plans:-
The Basic Investment Level requires you to invest your own bitcoins at 0.01 BTC with a return of 0.00044444 BTC per day.
The Standard (or Standar’t’ – as they have spelled it) Investment Package will set you back 0.05 BTC with expected earnings of 0.00250000 BTC per day.
Enterprise Package costs 0.20 BTC with promised returns of 0.01666667 BTC per day.
Professional Package is set at 0.5 BTC and earnings are meant to be 0.03333333 BTC per day.
Platinum Package is at 0.9 BTC and they say you can earn 0.08000000 BTC per day.
None of the above is true!! They are not equipped to even mine any crypto currency and statements saying they are is simply not true. They are running a money racket scheme where the creator gets to run off with the cash. So, that is their fake investment levels detailed. Below is all the information you need to KNOW, without any doubt, they are not to be trusted and not really offering you a way to help you earn money online.
The Reality of their FAKE/ILLEGAL Mining Pool Investment.
Btc Online is simply running a Ponzi Scheme! That is all that site is. SO, you join up and make your investment. You wait for the specified time period to cash out them to the payment processors available. In truth, when such schemes start, the owner or owners will make good on some payments to members. Even at the very start, this kind of venture is still a gamble. While it is completely illegal to set up this type of operation, it is not illegal to invest and spend those earnings – if you did not know it was a scam. Furthermore, that is only true if you did not promote their site i.e. did not share your affiliate link to pull in other people.
So, that is all their referral program offers. They want their members to increase their investment pool so the owners may earn more. It is not uncommon for some members to come forward and say they have earned and that such sites are not a scam. I can completely assure readers of my website such payments is just cloak and dagger tactics. Why? To encourage new sign ups to invest then they may just make a few payments so they can conjure up legit proofs that are up to date. Don’t fall for this! There will NEVER be enough proofs relative to the investments made.
The nature of Ponzi Schemes, or HYIP’s (High Yiel Investment Programs – same thing), is it is solely dependent of new sign ups. At the start of these operations many will flood their site, potentially. That is because more and more people know the only time to invest is at the beginning. The older the site becomes, the less investors, until the website owes more money than it can ever pay out. Such schemes are forever running up a debt to their own members that is doomed to collapse over night at any moment.
Eventually, as stated, no new people then no new money and so no more payments to anyone. Their site has been running over 4 months now (see date of this post) and that is long enough for complaints of being scammed to surface. It should also be said that these schemes can collapse even before just 1 month online. There is no way, that I know of, to get your money back as that is the whole point of the founder to hide his/their/her’s identity. Once they shut it down they will simply set up another.
You may be surprised to hear that it takes only around $200 to set up a Ponzi Scheme like Btc Online, and between $4 and $16 to register a site online. With such little investment these programs can take people up to $100,000! I have seen such figures else where and so tells me such HYIP’s are not to be messed around with. If you must invest then the first two weeks is ideal. However, I don’t endorse or recommend you do this, as someone else will lose – well, actually many will lose their money, so you can earn from their loss. Its just not an ethical way to make money online.
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NOT BEEN PAID BY BTC ONLINE? – REPORT THEM BELOW IN THE COMMENTS SECTION.
ANY QUESTIONS ON BTC ONLINE? – YOU ARE WELCOME TO ASK ME BELOW – I WILL ALWAYS RESPOND TO TRY AND HELP.
Btc Online is just a scam! These Ponzi Schemes always make the creator a ton of free cash. The money is never split fairly in most instances. Those that get paid are just lucky as not all members at the start even earn anything. Getting back your initial investment is nearly impossible. Contacting their email may get it back for you, which I read as a comment on my website, but the older the site the more unlikely you will hear anything back. Those that knowingly promote such a scam can have their earnings confiscated off of them by the law.
Feel free to share this article with your networks as this Btc Online is an active scam that has gone viral! Any questions on how to earn online are being taken and can be placed below. Thank you for checking out my site on What Is BtcOnline.io and I truly hope it has helped you. Looking forward to all of your comments to come – good luck guys!