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Today we are tackling an interesting case of Earn Bitcoin Forever – a site that claims to generate 12-24% daily interest on invested Bitcoins forever. The domain of the site, Earnbitcoinforever.com claims that this operation is involved in the mining of Bitcoins and Ethereum.
If these guys are truly mining Cryptos like they say, our guess is that they are using the respective mining scripts to generate the coins. But at the same time, there is no mention of these algorithms, which is now forcing us to believe that these guy either know nothing about mining altcoins or are not mining them at all.
The site is supposedly accepting investors from all over the world, and their contracts are for a lifetime.
Let us remind you of the fact that genuine altcoin mining companies are now looking for ways to make their contracts renewable after every one year instead of letting them run for a lifetime.
This is not the case with ”Bitcoin mining” ponzi schemes though. Scammers would like to sound good and appealing. They’d like you to believe that once you have invested a certain amount of money with them, that money will work for you till you die.
Earn Bitcoin Forever platform is not convincing us with their utterly ridiculous investment plans where members are promised 12% daily interest. 12% daily interest is unheard of, let alone 24%.
The question that we are asking is whether this operation is legitimate as claimed by the site.
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When you go to the site, you will notice a phone number and an email address for contacting whoever is behind the site’s operations.
The other highlight of this homepage are the 3 investment plans. They call them Plan A, Plan B and Plan C respectively. These plans yield 12% a day, 18% a day and 24% a day.
The minimum investment that a user must deposit to get started is $30. The other two plans require a minimum of $8000 and $15,000 respectively.
It makes no sense to send this amount of money to someone you don’t even know. It’s totally irresponsible to send Bitcoins worth $8000 or more to someone who sounds too good to be true just because they want to win your trust.
Of course the basic plan is there to motivate those who want to test this program to see whether or not it can deliver.
For some reasons, ponzi schemes have a way of playing around with investors’ psychology. What they will do is to issue small payouts in bits, just in case you’re not willing to risk a bigger amount. They know that once victims have seen small payouts, they will have trust in them, and so they will place a bigger deposit hoping to get rich overnight.
Unfortunately, that’s the last time a victim will ever see money coming from these guys.
You see, 12% per day is an impossible ROI. It cannot be achieved or sustained. Anyone promising 12% per day is just not mining or trading of Bitcoin/Ethereum. He is doing something else.
If it’s too good to be true, then chances are that it is. Just look at the numbers and you will see that Earn Bitcoin Forever is an advanced ponzi scheme that makes no confession of that fact.
Now that we already doubt the proclaimed daily return on investments, it is only sensible enough that we should look at this company to determine whether or not it is a legit corporation. If we can find evidence that indeed it is a legit operation, we may proceed to consider other elements before giving our verdict.
Earn Bitcoin Forever Ltd is allegedly a UK registered company which engages in Cryptocurrency trading on behalf of their investors.
The company claims that they have employed a team of ”Cryptocurrency trading experts” who work round the clock to pass on the profits to their members in terms of ridiculous daily ROI.
The company’s registration number is 11131443 and are claiming that their location is Chancery Lane, London, United Kingdom, WC2A 1AD.
We scrutinized that physical address and never found any proof that a company named Earn Bitcoin Forever is situated in that location.
The registrant of this domain does not wish to disclose their name or any identifying information. But of course we do have the registered physical address for the said company which is in sharp contrast to the one given on this website.
According to who.is, the website is registered with the address Addison House Plaza, piso 1, Panama. That address does not reflect the alleged location of this company in the UK.
We are actually beginning to see how shady this is. The site claims to be transparent and serious with its investors. Unfortunately, it’s doing the exact opposite of what is expected of them. This trend might suggest that Earn Bitcoin Forever is a ponzi scheme and that payouts are only made based on new deposits and not as a result of trading or mining activities.
On the website of Earn Bitcoin Forever, you will see various badges published at the footer of the site. For example, you will see GeoTrust, Norton Security, McAfee and many more. Apparently, these badges are not functional. They are fake. The security seals are actually just a false show of credibility since they can’t be clicked, plus they lead to nowhere.
There is also a referral program which is 4 level deep. This further confirms that Earn Bitcoin Forever is a ponzi type of operation.
Legitimate trading or mining companies don’t put emphasis on a referral program because that is not the main source of their income.
In addition to this, Earn Bitcoin Forever has not proved that they are trading Cryptocurrencies. There are no trading records to show on this site. Even if you were a potential investor looking for these details, you’d end up with nothing because these guys don’t trade, and so they don’t have any records of past performance to show.
And of course ponzi schemes love to remain anonymous. They are always looking to conceal the identities of their faceless owners so that they can continue ripping off investors.
That is the true intention of Earn Bitcoin Forever website. Since there is no evidence of trading or mining activities, we can resolve that this is a risky business venture to participate in since they fit the description of a get rich quick ponzi scheme.
Earn Bitcoin Forever has not received any endorsement from members of the Cryptocurrency trading community. It is unfathomable to think that they have the best traders in the world yet they are not gaining any recognition in the world.
Someone who can generate 12% per day is definitely a highly skilled trader who deserves accolades for their refined skill. Unfortunately, Earn Bitcoin Forever has not earned any of this recognition. This is yet another red flag that no trading activities are taking place behind the scenes.
Earn Bitcoin Forever is a stubborn ponzi scheme. It will result in a big loss of your finances. If they were trading, they would serve us with proof of trading activities. You better take things into your hands. You can trade on your own by investing in these trading robots which were designed to trade altcoin pairs.
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Earnbitcoinforever is a sam. They will never pay back your money and their phone number doesn’t work at all. Stay away from them. It’s a scam. Save your hard earned money and do not invest with them. The security seals on their website are fake as well. Stay away from this scammers
I am not getting paid from this company. Please be warned they are a scam
dont trust this website bitsale.live this is 100% fake frawd website i deposite this website usd 1600 they give me daily 4% returns but returns only display not widraw every time i try to witdraw they say please ontact to bitsale team and not giving my amount i lost my 1600 dollers on this website please dont trust this website they are big big cheaters. ontact me [email protected]
This is a scam. They claim daily withdraws. I have only received 2 payouts in 15 days instead of one per day as they claim and yes my withdraws ate more then the 30 dollor min requirement
This is 100% scam and do not invest with them. I did not get my money back.
i withdrawal from this site 2 time one 38$ and 2nd 32$. but after this i get there is no withdrawal from this site. i thing its totally scam
This is a scam, I have requested 3 pay-outs and never received one..
EAarn Bitcoin forever…. scam sam scam……
its a scam and now there website is no longer working big scam don’t know how to get money back as i have requested 4 withdrawls of 160 usd and never received it and now the website is longer in business
I think the best way to make more bitcoin money is to learn the ropes from a trusted fellow, rather than putting your hard earned cryto at risk. This, for me, is the safest way to Earn Tons of Bitcoins like a pro