Animated graphics and a pack of lies is what constitutes a scam called Bit Cruiser. We do not expect you to be this naive, always falling for such obvious scams. You must avoid it at all cost. But before we do that, we need to give more reasons as to why we think this is an investment scam that one must not send money to.
And the answer lies in their about us page. Bit Cruiser does not give us any satisfactory information that tells us who they are and what their intentions are. Even after reading this part of the website, we still feel that this website is not persuasive enough.
We are not sure whether they are qualified to do this business with funds coming from uninformed investors.
There are claims that Bit Cruiser is an extension of a family business that has been dealing with Cryptocurrency mining, exchange, and asset management since 2013. The name of that family business has not been mentioned anywhere on this website.
This leads us to believe that no family business is involved in the operations of Bit Cruiser at all. That is why Bit Cruiser is not associated with any entity online. Evidence suggests that it is a standalone entity that looks to cash in on those who think that quick money can be made through Cryptocurrency investing.
They even claim that they are running a multi-million dollar business, of which the name of that business empire was not mentioned.
NB: Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? Now, You Can Mine Better, Faster and Smarter for More Profits With The Ready to Use, "High Performance", and Approved IQ Mining BTC Cloud Service For Miners. With This Mining Service, You Will Get Up to 128% Yearly ROI from Mining Bitcoins Alone Without Having to Buy Any Expensive Mining Hardwares and Softwares! Not Only That, You Will Get Your First Payout In First Few Hours After Buying a Plan With IQ Mining. You’re Also Given a Dedicated Account Manager After You Buy A Plan Who Will Help You With the Best Pool Allocations and Account Setup Plans To Get the Most Out of Your Purchase.
These stories are clearly made up. They don’t tell the truth. Not even a single employee was introduced. Nevertheless, Bit Cruiser continues with the allegations that they have employed managers who oversee their day to day operations such as attending ICO seminars, international expos where traders and markets meet and so on. Now they are extending this opportunity to the world. They want you to partner with them in this joke to further an agenda that is not quite clear.
Bit Cruiser lies that your profits will come from trading and mining of Cryptocurrencies. This is ridiculous because no one can believe these fabricated stories. There needs to be evidence of trading and mining of alcoins for us to believe them.
This website does not inspire confidence given that it is full of animation, and does not appear to convey a serious investment entity. At first, we thought that it was a gaming website targeting an audience between the age group of 5-10. Then it occurred to us that they were targeting people who have attained the age of the majority who are looking to invest in Cryptocurrencies.
We must say that the choice of the website’s theme is poor. Someone can do better only if they cared to take their image serious. But of course this is a scam, so we don’t expect them to take things serious or to the next level. It is here now, and will be gone by tomorrow – just in case you didn’t know.
In this website, returns are guaranteed, and they also claim that the investment experience is flawless. The lucrative returns are not convincing because they suggest that people will get rich overnight. You have to be wary of this kind of thing. The economy does not work like this. Anyone who is claiming that they can generate as high as 10% per day out of trading and mining Cryptos is not speaking the truth. So this is one evidence that Bit Cruiser is actually a ponzi scheme as opposed to a serious investment entity.
Scammers know that absurd returns actually appeal to newbies. That is why they will tell you that they have the ability to generate 10%, 11%, 12% or more per day. These scammers have mastered the game. It is no surprise that Bit Cruiser is promising these daily returns to investors who are interested on what they are offering.
If we take 10% per day, we are supposed to end up with 300% per month, which is impossible to achieve. They know very well that this is not attainable in any form of legit business activity.
Now, since it is impossible to make 300% per month with Crypto trading and mining combined, these scammers have gone a notch higher to say that they have included a profitable 2 tier referral program which will increase your earnings significantly. We cannot emphasize this any better. One cannot make this amount of money in a months’ period. You can try it and see what happens. But for sure, you will never get rich overnight simply because you trusted these guys.
Bit Cruiser is apparently registered as a company in the UK. This is a usual thing. All ponzi schemes on the internet have a UK company registration status. It is not a surprise.
Unfortunately, that registration status tells us nothing about the legitimacy of their operation. The tax man requires that all companies must be registered regardless of the activities which they are partaking in.
But to cover it up, Bit Cruiser is not registered as a financial or investment service. This is to make it difficult for authorities to detect their activities on the internet.
It’s a red flag because we do not see how a website can solicit funds and register itself under a different category that does not involve any form of investment.
Also, ownership of this domain is not known. Apart from being very new in this game, which is the norm in this ponzi scheme industry, the ownership of the domain is marked with a private registration status. This further confirms that the scammers didn’t want to reveal any information pertaining to the owner of the domain.
Truth is, you are likely to gets scammed if you pursued this website. Bit Cruiser has a lot of red flags which we hope you will see in the cause of scrutinizing it further. To invest profitably in altcoins trading or mining, use these robots or mine with these companies.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More