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BitIsland – A Bitcoin Destination for Tourists…Prepare to Gamble!

by Tasos

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Jul 6, 2017

 


 

I came across another modern investing platform. One that is promising to multiply our bitcoins without any risk at all. And you might wonder!…Is every online investor making that much money?…so easily?….Maybe it is not that hard to get rich using the internet. You just register an account on a HYIP platform, deposit an amount, and the professional team of “ghosts” is generating millions of profits for all the participants. Man, you don’t have to work anymore.

Wait, there is more to the story…Let’s dive deep before we make our final decision…

 

 

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Inside BitIsland

 

 

The homepage is really funny displaying an island made of bitcoin, with a few illustrated palm trees. An investing platform for kids?…The main headline is straightforward

The place where bitcoins multiply.

 

I wonder if they use black magic to do that

 

bitisland-biz

 

 

About Page

The text is an exact copy of other HYIPs I have already reviewed. And that is no surprise at all.!..

The company offers trust asset management, profitable trades on the foreign exchanges and blah blah blah. The staff is experts, they use modern methods and a personal approach to each client. Their investment model is a great opportunity for members to create a stable stream of income. Join them and start making profits, right away.!

 

Statistics shown

  • Days online 2
  • Total members 4638
  • Total deposits 188+ BTC
  • Total withdrawals 54+ BTC

 

Investment Plans

 

  • Plan A: 0.3333% hourly ROIs, 8% daily ROI, for lifetime, deposits 0.01 – 10 BTC
  • Plan B: 0.3750% hourly ROIs, 9% daily ROI, for lifetime, deposits 10.001 – 25 BTC
  • Plan C: 0.4166% hourly ROIs, 10% daily ROI, for lifetime, deposits 25.001 – 35 BTC
  • Plan D: 0.4583% hourly ROIs, 11% daily ROI, for lifetime, deposits 35.001 – 50 BTC
  • Special Plan: 0.5% hourly ROIs, 12% daily ROI, for lifetime, deposits 50.001 – unlimited BTC

 

They are seeking for unlimited BTC deposits, yeah right.!

 

Affiliate Program – 2 levels deep

1st level 5%, 2nd level 1% commissions on referrals purchases. It is not necessary to make a deposit in order to earn referral commissions.

 

Registration – Legal Docs

Companies House #10787991, 35 North Street, Ripon, United Kingdom, HG4 1DP, Incorporated on 24 May 2017. The name Alexander Gimbel appears as the officer, +441793528854.

 

FAQ – Terms – Important

What exactly is BitIsland Limited and what are the activities of the company?…A prominent representative of the international computer technologies market. Bitcoin encryption algorithms and mining. A developer of hardware offering safe investments in this area.

 

The above script is an exact copy of other HYIPs…it is getting boring

 

FAQ…continue

  • The company develops long-term relationships with customers and partners.
  • Can someone lose money by investing here?…No, they say. You can’t. They make everything to ensure just that….
  • Only bitcoins are accepted
  • Of course, you can deposit as many times as you want, there is no limit.
  • You can open more than 1 account

 

 

Owners – Domain

With the help of the whois database, I uncover the registration date for the domain bitisland.biz, 20 May 2017. The owners as usually are hiding from the public using privacy protection.

 

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

 

 

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Final Thoughts

 

 

Are you ready to invest bitcoins?…Do you think that this program is one that can guarantee any earnings?…and for who?….Read on for a full breakdown

 

Apart from the registration document, there is nothing to trust in that company. The BitIsland’s domain was purchased anonymously and that should be a great concern. The name Alexander Gimbel that appears as the officer in the companies house listings can not be verified. I performed two searches. Both of the terms “Alexander Gimbel Investor” and “Alexander Gimbel Bitcoin” return no relevant result.

More importantly, the owner does not show his real face to the public. Not even on social media. Both the Facebook page and the Twitter account were opened using the company’s logo and just that. There is no real representative and this reason alone makes me stay away from this extremely dangerous program.

Before I invest I have to be 100% sure that I deal with real people and that they are professional at what they do. Here, the BitIsland admin has published only a short about page. They claim to trade in the financial markets, to develop hardware, that they develop bitcoin algorithms among other things. All this information is unverifiable as there is no proof that they actually act in that direction.

 

Furthermore, the statistics seem fake as they claim to have more than 4,000 members already and they operate for just 2 days. What comes as a bigger surprise is the total withdrawals amount, over 50 BTC already.

 

Now let’s discuss about the most important aspect of this pseudo opportunity. The investment plans

 

Come on people, are you serious?…12% daily ROIs?…0.5% hourly?….Any program promising more than 10% yearly should be avoided without a second thought. How BitIsland is making that much money?…Out of nowhere?…And why they want to share those extreme profits with random people online?…I guess you now have a better understanding.

And the FAQ page mentions no risks at all. This is really funny, as all investments are very risky and even professionals with numerous years of experience lose money every day.

 

All of the above leaves me no space but to mark the financial opportunity as another Ponzi scheme. All money coming in BitIsland is going to be funded from affiliates. Newly recruited members deposit to compensate earlier investors. An illegal tactic that dries off the pockets of new members in an attempt to make those who invested first believe that the system is working.

But the system will collapse when recruitment slows down. This is when no new money will be rolling in, no ROIs will be delivered. At that particular point, the anonymous owners will shut down the website leaving the vast majority of affiliate to taste a bitter loss.

The owners and maybe a couple of friends might escape with profits. End of story. We’ve seen it happen a thousand times, one more does not make that much difference.

 

Related

 

 

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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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4 Comments

  1. seafarer

    Good Day Sir.

    You should write more reviews about the so called HYIP scams.
    Actually I am evaluating around 40 so called scam monitors, especially concerning the HYIPs. So I would say that I know the most trusted scam monitors.
    There is nothing to add to your review. Everything is said. And the conclusion is a clear founded result.
    Great review.

    Best Regards
    Ingo

    Reply
    • Tasos

      Welcome Ingo, you’re very kind. But what a time in history to get in a mess with all those HYIP platforms out there. The half planet has to monitor the other half.

      Thank you for this visit and for discussing it with me. Good luck with your research!

      Reply
  2. neer

    These guys are scammers. Don’t waste your money in these cheap websites. I lost around .03 btc as these guys don’t pay anymore..

    Reply
    • Tasos

      Thank you so much neer for informing people what is going on. Don’t worry about your loss no matter how hard it may feel. Life finds always a way to give back!

      Reply

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