Another investing company launched recently to attract affiliates throughout the globe. One that is involed in the cryptocurrency markets, mining bitcoins and offering an opportunity for the members who deposit. The disappointing results give a bad name to the industry though, with most of programs being fake and shutting down after a few short months.
I wonder if some day that will change…
Inside Bit Rivers
Welcome to Bit Rivers Limited they say…thanks
The company is involved in bitcoin mining…
Underneath there are 3 investment plans
Today cryptocurrency is one of the fastest growing spheres in the investing world. Experienced technical stuff is cautious and do its utmost for the safety of your investments and will give you stable daily profit. They claim to use their own hardware and the technicians ensure uninterrupted processes controlling the work of the mining rigs.
Founded for developing new algorithms and mining farms construction Bit Rivers becomes a strong and trusted company used by thousands of investors.
Why to choose BitRivers
- Innovative business
- Deposit for life, daily ROIs 11%-17%
- Partnership program
- Days online 13
- Total account 1060
- Deposited $324,000
- Withdrawn $95,000
- 11% daily ROI for life, deposits $10-$299
- 13% daily ROI for life, deposits $300-$1499
- 17% daily ROI for life, deposits $1500-$25,000
I choose the latter, let me calculate it for you. I will turn $25,000 into $425,000 in 100 days. Not bad. Although the company mentions ROIs for life, the calculator can not estimate earnings for more than 100 days.
Affiliate Program – 2 options
- Affiliate commissions for partners 11%
- Commissions for representatives 17%
FAQ – Terms – Important
- Is it legal?..Yes because it is officially registered in London. Company number 07122219, address 43 Herne Hill House, Railton Road, London, SE24 0EF, Julian Saunderson appears as officer
- You can open more than 1 accounts, you can deposit as many times as you want.
The registration docs alone is not a proof that a company is legal. Let me continue at the end
All social icons redirect to social media homepages. The company does not have any account active.
Owners – Domain
By performing a whois search I uncover the registration date for the domain youbit.biz, 19 March 2017. As usually, the owners are hiding from the public using privacy protection.
It is may be the first time to come across a company with a domain that does not match the brand name. Weird and unprofessional
Of course, as with the vast majority of HYIPs the company has nothing more to present.
This is a perfect example of what HYIPs to avoid. Not even the domain match the company’s name.
The 11%-17% daily ROIs is a joke, do not get fooled. Any program offering more than 10% yearly is dangerous.
Let me ask you a question, and it will give you an idea of what is going on…
If you had a system to generate guaranteed 10% daily profits would you share it with random people online?
Back to Bit Rivers, where is the experienced staff?…where is the owners and the images of the facilities?…where is the hardware, the bitcoin equipment?…where are the mysterious new algorithms?…illusion
Before I invest I had to be 100% sure that I deal with professionals.
And of course as concerns the registration documents, that does not mean much. What is important is to understand the income sources of a company. From where all money coming in Bit Rivers?…from affiliates that become partners. I can’t see any other source and that is illegal. Newly recruited members compensate those that invested earlier. This cash cycle can not last long because recruitment will slow down from a certain point on. This is when no ROIs will be delivered and the owners will disappear ready for their next Ponzi
Not a recommended company, nothing to trust.
How to Make Money Online the Right Way
Do not get frustrated or disappointed. Money can be made online, but not by hunting down HYIP opportunities like this one. The traditional model of hard work that dominates the offline world applies online as well.
The most newbie friendly online business model is what we call “affiliate websites”. From there the sky is not even a limit. Long term potential, no risks, minimum startup costs, endless opportunities.
That’s it, another review has finished, here on Web Market Support. I am waiting for your comments and thoughts. Till next time, your online partner.
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