BitExplosion.io PAYING or SCAM? – is this HYIP program actually PAYING or is BitExplosion.io a SCAM? In the review, we will focus on the length of the program, the amount of payout is has done, the risk involved and we look at the payout programs it offers.
So, what does BitExplosion.io offer?
10% – 15% Daily Forever
Minimal Investment: $10
Deposit Back: Yes, after term has ended.
Refferal: Yes, 5%
Online Since: 2017
Is BitExplosion.io paying at this time?
“BitExplosion.io – Welcome to Bitexplosion! We offer a wide range of services, designed to help Bitcoin miners invest their Bitcoins at great interest rates. We are based in London and have in our employ investment professionals from advanced computer technology to engineering. signup now We Continue to Strive for Excellence As a company that strives to stay in the forefront of the Bitcoin industry, we are active in the Bitcoin mining market. As a result, we can offer our numerous clients good investment opportunities. Our continuous use of advanced infrastructure and automated payment processing has enabled us to find ways to offer more to our clients. Bitexplosion offers an investment platform for Bitcoin mining in such a way to prevent any form of loss to our investors.
BitExplosion.io COULD be a ponzi scheme. In ponzi schemes, deposits by new investors is used to pay the initial investors. The margins are kept by the owners of the program to further enhance the program and to promote it. The robot distributes the revenue among the investors according to the plan they chose before. The scheme will work, until the amount of new investors is so low, that they cannot pay the initial investors. It is mostly at that moment, that the admins of the program decide to run with the money and suddenly close the site. However, the current programs offered by BitExplosion.io can be sustainable for a longer period, which means the scheme can run for a very long time and investors can actually make money using the system.
Deposit and Withdrawals:
BitExplosion.io offers a very wide range of deposit options. To deposit and withdraw, you can use: Bitcoin, PayPal, Advcash, Payeer, Perfect Money and Visa/Mastercard.
The amount of times per day/week you can withdraw, depends on the plan you have chosen to begin with. The withdrawals are instant, so you do not need to wait for your payment.
What does BitExplosion.io look like?:
The BitExplosion.io is a high-yield investment program (HYIP). If you have read the definition of HYIP on Wikipedia, It is s a type of Ponzi scheme, an investment scam that promises unsustainably high returns on investments (ROI) by paying previous investors with the money invested by new investors.
Every investment carries some degree of risk, which is reflected in the rate of return you can expect to receive. If your money is perfectly safe, you´ll most likely get a low return. High returns entail high risks, possibly including a total loss on the investments.
Why do people keep joining HYIPs knowing that they are Ponzi schemes?
All these Ponzi Schemes are aimed at people who want to get rich quick and do not want to take the tried & tested route of hard work = success.
Most people want to make lots of money quickly and the legal options are often very limited (e.g. Lottery). When a product promises to give you exorbitant returns, people tend to believe it due to our greed.
However, most of the people end up losing their savings and hard-earned money.
Personal Conclusion: Check if listed as Paying or SCAM. Do not invest if SCAM.
Participating in HYIP is a way to make a solid income online. Be aware that not all the programs you will encounter online are legit. Most HYIP have a short lifespan and will dissapear without you noticing it, unless you invested in it. 10% of the HYIP programs are legit and have been online for a very long time. They have paid their investors time after time and might actually have found a way to securely invest the money that was deposited. Do you have any thoughts on BitExplosion.io or any other program? Leave a comment below.