You're Reading:BitChair.biz – Another Mining Company Spreads Confusion

BitChair.biz – Another Mining Company Spreads Confusion

by Tasos


Oct 21, 2017

Tasos Perte

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An elegant investing platform has been launched recently. I mean, is this world full of such great opportunities?….Is everyone making money at the push of a button?…How do they do that?….I want a piece of this giant ‘Pie’. But this investment frenzy is absolutely logical, It’s an answer to the high demand for ‘Rich Quick’ illusions. Because that is exactly what is about, an illusion.

The program reviewed today looks like a bad replica of other HYIPs that target innocent people. Let’s dive deep before our final decision…



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Inside the BitChair project



The design on the homepage got me hooked immediately. Superb illustration. A Wall Street guy on a chair crossing the roads of the city. Probably celebrating his new bitcoin victory. Hmmm, hurry up. The ship might sail without you!

They highlight…Grow your bitcoins, an established crypto mining company, a wide array of services. And they close the loop….Specifically designed to assist Bitcoin holders in making good investment decisions





About Page

Reliable and profitable investments, trust assets management, foreign exchanges, profitable bitcoin trading. Your deposits are making profits on an ongoing basis. Join the company today!



  • Comodo SSL encryption
  • Anti DDoS protection
  • Dedicated server
  • UK registered company


Statistics shown

  • 24000+ total members
  • 9852+ BTC total deposits
  • 2130+ BTC total withdrawals
  • 3 days online


Investment Plans


  • Plan A: 10% daily ROI forever, deposits 0.001 – 10 BTC
  • Plan B: 12% daily ROI forever, deposits 10.001 – 50 BTC
  • Plan C: 15% daily ROI forever, deposits 50.001 – 300 BTC

Cashout threshold: 0.0005 BTC


Affiliate Program

  • 1st level 5%
  • 2nd level 1%

commissions on referrals purchases. You don’t need to invest in order to be eligible for referral commissions


FAQ – Terms – Important

  • What exactly are BitChair and the activities of the company?…A prominent representative of the international computer technologies market. Bitcoin encryption algorithms, mining, and developing hardware. Offering safe investments in this area.
  • The company develops long-term relationships with customers and partners
  • Can I lose money by investing here?…No, you can’t. They make everything’s possible to avoid just that
  • You can deposit as many times as you want
  • You can register multiple accounts


Let me comment at the end, as usually


Social Media

  • The Facebook page already contains spam referral links of members where they advertiser other programs. No admin is mentioned.
  • On Twitter with only 3 tweets so far they managed to make a buzz. 9,000+ fake followers, they follow only 49 people.


Registration – Legal Docs

  • BitChair Limited: Companies house number 10939314. 
  • Office address: 28 Millharbour, London, United Kingdom, E14 9TX.
  • Incorporated on 31 August 2017
  • Officer: Fred Phillips


Domain Data

  • Created on 2017-08-22 – Expires on 2018-08-22 – Updated on 2017-09-28
  • Domain Name: bitchair.biz
  • Registrar URL: http://www.namecheap.com
  • Registrant Name: WhoisGuard Protected


And this is the point where another HYIP website has nothing more to present







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Final Thoughts



Are you interested in investing?…is BitChair a secured financial instrument?…can they guarantee any earnings from trading activities?…Read on, for a full breakdown


Apart from the registration documents, there is nothing to trust in that company. OK, they have a beautifully designed website but that’s all there is to it. The website is empty of any content. Only generic terms and catchy phrases that don’t mean anything at all. And here’s why…

  • They say grow your bitcoins…I believe you, how?
  • An established crypto mining company…3 days online
  • A wide array of services…just 3 investment plans, only the final ROI changes
  • Assist bitcoin holders in making good investment decisions…There is no board of consultants, there is just a dashboard where the only thing you can do is deposit and wait for a miracle
  • Reliable and profitable investments….15% daily ROI, I am secured
  • Trust assets management…where is it? how?
  • Profitable bitcoin trading…3 days online, how exactly?…your results so far?


Let’s move on


The domain was purchased anonymously in August. The name that appears as the officer on the companies house listings, Fred Phillips is probably fake or has nothing to do with investing or trading activities or has nothing to do with BitChair. There is a Fred Phillips however found online, the author of the book “Maastricht School of Management – Managing Innovation, Technology, and Entrepreneurship”  and other books as well. Obviously, this Fred Phillips has no connection with bitcoin mining.

In any way, this company is non-transparent and this a major flaw. Before I invest a penny I have to be 100% sure that I deal with real people that are not afraid to show their faces. How am I supposed to do business with people that are hiding?…Where are the photos of the owner, of the staff, the expensive mining equipment?…Where are those bitcoin algorithms?…Where are the facilities?…What are their methods?…How can they win all the trades in the markets?….The questions can go on forever.

Moreover, the Facebook page is a fiasco, the Twitter account displays a fake following. There is no article published on the official website. Not one. And this is how they attract potential investors. By leaving people in the dark. Finally, the statistics shown on the homepage are fake as well. No company can recruit 24,000 members in 3 days. Not only, they show almost 10,000 bitcoins already deposited in their system.

And guess what…when a company confuses, they lose.


Now, let’s examine the most important aspect of the program, the investment plans


10% daily ROIs, 12%, 15%. I mean, this is incredible. How exactly are they able to generate such huge profits in such a short period of time?…24 hours. You probably we won’t have to work anymore. OK, enough with daydreaming, let me bring you back to reality.

We live in an era of economic recession. The downfall began almost 20 years ago. Now banks can’t offer interests that belong to the past. Remember the 18% yearly ROIs?….I was a teenager back then. Now, if you find a program that gives you 1%-3% yearly ROI you’re lucky. But no, you can choose BitChair and profit 15% daily.


And here’s how they make money


We deal with another Ponzi scheme. In those programs, all money coming in is funded from affiliated members. When someone registers and deposits, this money is being used to pay off earlier investors. An illegal form of business, that will end up once recruitment of new affiliates will slow down. Because when there are no new members registering and depositing, there is no money. And the sandy castle will collapse.

The anonymous owners will disappear for a while shutting down the website. They collect the most of the funds and they can do whatever they want with your digital money. And maybe a couple of their friends might escape with minor profits. The rest, the vast majority of participants is doomed to financial loss.


A program that you have to bypass by all means unless you like to gamble. In that case, do not invest more than you can easily afford to lose





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That’s it, another review has finished, here on Web Market Support. I am waiting for your comments and thoughts. Till next time.





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