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Bit Cloud Mine Review – Just A New Ponzi Scam

Bit Cloud Mine Review – Just A New Ponzi Scam

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Bitcloudmine.live is a scam investment platform whose sole mission is to rob you of your funds. We have confirmed so by looking at a few things on the website and also considering that the owner is anonymous and the promised returns are exaggerated. Bit Cloud Mine claims that it is helping all kinds of investors to multiply their funds so they can secure early or at least comfortable retirement. But when asked who these investors are, the site cannot produce any evidence.

They also claim that their team is made up of ”expert traders” who have been working in the banking and technology sectors since 2004. You should realize that these claims are unverifiable and even their trading results cannot be proved either.

This group is 100% anonymous. Even the pictures found all over that website are nothing but stock photos. This is so sad because the person claiming to be an expert in the Forex market is not able to prove their expertise and so the best thing they can try to do is to hide from you.

Before you get scammed of your hard earned money, you need to read this Bit Cloud Mine review first. You will probably change your mind after reading what we have to say concerning the scam site.

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Bit Cloud Mine Review

What attracts attention here is there investment plans. There are 3 investment plans which promise to yield up to 1.4% daily returns. With just $20,  Bit Cloud Mine claims that it will get you started with one of their 3 investment plans.

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Now, if we are really talking of 1.4% per day, we should expect 42% per month. We do not think a cheap script like  Bit Cloud Mine can earn anyone 42% per month. They are not doing it themselves. So what makes you think they will do it for you?

Furthermore, traders who can earn 42% monthly ROI should be very famous. They should be known for their prowess in trading and not just by their claims. This site has anonymous traders in the first place, and they are claiming that they will help you invest your money wisely in the Forex and stock market. It seems rather suspicious.

42% is a very big return for trading. We could be talking of 5% per month. That would have made sense. But since these scammers want you to get persuaded that their site makes money, they will tell you any figure that shows up on their mind. They want to lure you into their dirty scam so you can lose money while they smile on the way to the bank.

The point is, it is not possible to reach and maintain a 42% monthly ROI. Secondly, you should never expect any return from an anonymous team of traders because the best traders in the world don’t hide. They are very popular in fact. You don’t have to work very hard to figure this out.

Their web presence is guaranteed to a sum of $1,750,000

A scam like Bit Cloud Mine would love to convince you that they are here to stay. But the fact is that they are not here to stay. They are here for a very short time. Once they feel that they have robbed enough, they can shut down the site and do the runner with your money.

By the way, there is nothing like assurance of online presence. If they want us to believe their fake promise, they should probably produce proof that they have been insured to this sum of money. They need to point out any other third party that may be involved in this. This is because  Bit Cloud Mine cannot sure itself. There must be a third party with a separate bank account that does that.

So clearly this claim is misleading and does not make sense at all. You cannot believe the lie.

Fake company associations

Everything seems to be fake about this platform. Even the company which they are claiming to be associated with Bitcoin Trading & Cloud Mining Ltd does not confirm that they are associated with Bit Cloud Mine. It could be possible that Bit Cloud Mine is using the name of another corporation whom they are not associated with to try and build credibility.

We learn that Bit Cloud Mine has no corporate backing behind it, and we cannot tell how safe the site is. The fact that the company they are claiming to be associated with has not acknowledged this association means that this platform is lying.

That is a very bad thing. It shows how desperate the anonymous admin of this website really is. You do not want to believe that they will return your money once they receive it. They have made this clear by giving us more than enough reasons to wonder about them. These are nothing short of serious red flags. When they come from one website, it means we are dealing with a scam.

Bit Cloud Mine has not verified their trading activities

It is one thing to say you are trading but it’s quite another to prove that you are generating income from trading. The anonymous scammers on this website have not verified that they trade to generate revenue. There is no trace of them ever working as bankers on the internet as early as 2004. Basically, everything about them cannot be confirmed.

There is only one possibility in this scenario. This scam is running a ponzi scheme where no trading happens and instead early investors are paid out their ROIs based on new deposits. When streams of deposit dry up because they will after people learn that this is a scam, the anonymous owner will close down the site and run away with all the money.

Our best advice for you

This site does not even have a license for conducting a hedge fund like operation. It is illegal in most countries where this activity is regulated. You do not want to do business with any scam. If you are concerned with trading, consider these Crypto robots.

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