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BitLake.biz

BitLake.biz PAYING or SCAM? – is this HYIP program actually PAYING or is BitLake.biz 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.

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So, what does BitLake Offer?

BitLake.biz Plans:
10% – 15% Daily Forever

Minimal Investment: $10
Deposit Back: Unsure, check FAQ.
Refferal: Yes, 1~10%
Online Since: 2017


Is BitLake.biz paying at this time?
BitLake.biz

Statement:
BitLake.biz – enjoy life & make money start now Welcome to BitLake.biz! Welcome to the website of BitLake Limited! If you find yourself here, you are definitely in search of reliable and profitable investment. Yes, you are just at the right place! Our company offers trust assets management of the highest quality on the basis of foreign exchange and profitable trade 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 cooperation will be accepted by anyone who uses cryptocurrency and knows about its fantastic prospects. Your deposit is working on an ongoing basis, and makes profit every day with the ability to withdraw profit instantly. Join our company today and start making high profits! More Info We offer a very attractive affiliate program, which our members can use to earn more Bitcoins by referring people to our system. An active deposit is not mandatory in order to get referral commissions. All you need is an account with us, and you’re ready to earn.

Overview:
BitLake 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 BitLake.biz 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:
BitLake 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 BitLake.biz look like?:
BitLake.biz

BitLake.biz Verdict:

BitLake 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.

Final Words:

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 BitLake.biz or any other program? Leave a comment below.

  • AMG TV

    scam! no pay 20:17:43

  • Pablo Giuffrida

    it’s paying!! of course it won’t be in a couple of weeks like her sister bitisland… but for the moment, keep the BTC coming!!