Another investing platform has launched recently offering a lucrative opportunity for potential members, at least at first sight. But the disappointing statistics show an industry that is collapsing. That is why I always proceed with extreme caution. This programs looks very suspicious right from the get-go, but let’s dive deep before we make our final decision.
Inside Bit Garden
The homepage shows a plant growing, creating “Dollars”, not Bitcoins for its owner.
They say…make your bitcoins grow day by day
You are definitely in search of reliable and profitable investments. Yes, you are at the right place. Since 2015, the company offers trust assets management of the highest quality, on the basis of foreign exchange and profitable trades through Bitcoin exchanges. There is no other worldwide financial market that can guarantee a daily ability to generate constant profit with the large price swings of bitcoin. Proposed modalities for strengthening co-operation will be accepted by anyone who uses cryptocurrency and knows about its fantastic prospects.
Join today and start making high profits.
- Total members 7800+
- Total deposited 81.969 BTC
- Total withdrawals 22.79 BTC
- Days online 7
Over 7000 members in just one week. Interesting..!
- Dedicated server
- DDoS protection
- SSL encryption
- Instant withdrawals
- Timely accruals
- 7% daily ROI for lifetime, deposits 0.001 BTC – 50 BTC
- 9% daily ROI for lifetime, deposits 50.0001 BTC – 350 BTC
- 12% daily ROI for lifetime, deposits 350.001 BTC – unlimited BTC
Unlimited BTC, yeah, why not.?
Affiliate Program – 3 levels deep (MLM)
1st level, 5%, 2nd level 2%, 3rd level 1% commissions on referrals purchases
You don’t have to invest to be eligible for referral commissions.
FAQ – Terms – Important
- What exactly is Bit Garden?…what are the activities of the company?…a prominent representative of the international computer technologies, bitcoin encryption algorithms and mining, a developer of hardware that is offering safe investments in this area.
- You can deposit as many times as you want
- Only 1 account is allowed
Registration – Legal Docs
Companies house number 10693050, incorporated on 27 March 2017, 108 Wallis Road, London, United Kingdom, E9 5LW. The name Sergio Hodson appears as the officer, +448629792536.
Owners – Domain
By performing a whois search I uncover the registration date for the domain, bitgarden.biz, 25 March 2017. The owners as usually are hiding from the public using privacy protection.
This is where another HYIP program has nothing more to present.
Are you interested in investing?…Think again, there are many red flags to consider..!
We deal with a very shady company. The domain was registered privately. The mysterious name Sergio Hodson that appears as the officer can not be tied to any investing activity. The search term “Sergio Hodson investors” returns no relevant result. The search terms “Sergio Hodson cryptocurrency” again, does not return anything relevant.
They supposedly operate since 2015, but this is just an information that can’t be verified online. Bit Garden exists only for a few months. Besides, any company with even a brief history would showcase their work. Bit Garden does not even mention how they are making money. The very short one sentence text in the faq section is definitely not an information to be taken seriously.
If this is a company that is creating bitcoin algorithms and deal with bitcoin mining we would expect at least an image gallery of their facilities and equipment.
The statistics on the homepage seem fake. I never came across a HYIP that has such a large number of members in just a few days. Additionally, Bit Garden was not advertised massively.
The fancy ROIs are out of this planet. Any program promising more than 10% yearly is extremely risky and should be avoided. BitGraden not only is offering 7% up to 12% daily ROIs, they guarantee that the plans do not even expire. A funny statement.
A non-transparent company, promising extraordinary ROIs out of thin air. Just a beautiful website, an FAQ page, and a sign-up form. Obviously a fraudulent opportunity. All of the above leave me no chance but to mark the program as another Ponzi scheme.
These programs do not last long as they use affiliates and their investments as the only income source. Newly recruited members deposit to compensate existing investors. An illegal money cycle that feeds only the administration team. Occasionally a few earlier investors that recruit like maniacs might escape with minor profits, if they manage to withdraw their earnings soon enough before the final collapse.
A collapse that is inevitable once recruitment slows down. It is when no new money will be rolling in, no ROIs will be delivered. The vast majority of affiliates is guaranteed to taste a loss.
How to Make Money Online Away from HYIP Risks
If you want to gamble with your money it is your call.
However, there is a solution for people that are not afraid to work hard. Money can be made online with the help of a website. The most newbie friendly online business model is what we call mini niche affiliate websites, Long term potential, no risks, endless opportunities, minimum startup costs.
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.
Should I start this Business?