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Bitcoiin Review Update 2023: The domain is now for sale with the owner going underground and failing to release member funds.
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Bitcoiin.com does not provide any information concerning the owner or the person that is in charge of its operation. It has also come to our attention that the domain was registered back in 2015. Then some time in 2017, the owner decided to put it up for sale. It was then purchased on the January of 2018 by the current owner who is now anonymous.
We want to remind you that when you invest in any Cryptocurrency operation and the owner is anonymous, that person is usually a scammer wanting to rob you of your coins. The decision is yours to make. The red flags that we have encountered on the Bitcoiin website are too numerous to ignore. We want to discuss them one by one so you can see why we are declaring that Bitcoiin website is a scam and a no go zone for people who want to see returns on their investments.
So, the question is this, can we make money with Bitcoiin even if the owner is anonymous and the domain seems to have a weird reputation? The answer is a big No. Let’s see why.
Note: Trade Cryptocurrencies genuinely by following this link to find out.
First of all, if you want to determine whether or not an investment opportunity is worth it, consider whether they have a product or service to back the Cryptocurrency which they are trying to force you to buy.
As far as the credibility and long term sustainability of this project is concerned, Bitcoiin does not have a real product or service behind the coin. The only thing that can drive the price of this coin is the act of people buying it in numbers and then later selling it to unsophisticated investors who know nothing about the psychology of pump and dump investments.
The only product here is their affiliate membership program. This should not be considered a product in the real sense because it is just a program where more people are encouraged to join the scam while being promised additional income. But generally, an affiliate membership program is usually a confirmation that we are dealing with a Cryptocurrency ponzi scam.
They are currently forcing their website visitors to purchase their B2G tokens from the anonymous owner of this website. This strange coin is being sold to those who want to get scammed for $5 each. The project is promising affiliates a ROI of 12% if they continue to hold the coins for one year.
On the same breath, Bitcoiins is promising users that once they have purchased the coin, they can use it to invest in several ”unique” investment opportunities that are provided across a couple of ”Bitcoiin-approved mining pools”. The compensation structure of this ponzi scam follows a uni-level structure so that every affiliate can only join under someone who had already bought these coins earlier and is a member of Bitcoiins website.
Those who want to join Bitcoiins through their affiliate program can do so for free. Obviously the scammers are more than glad to have you on board because the more users you bring to their website, the more money they make. In returns, you get peanuts which is supposed to be 12% per year. That is the reason joining the affiliate program is free.
For the paying members, the minimum investment required is $5 which is the price of one B2G coin. Still, you might lose your money in this project because nothing is guaranteed by any website that has an anonymous owner running its operations.
By the way, this scam is using the name Bitcoiin because it wants to peddle its useless coin, B2G while relying on the established name of Bitcoin. They are clearly intending to confuse and mislead some people into thinking that Bitcoiin is somehow associated with Bitcoin. That is not the case. Bitcoiin is not associated with Bitcoin in any way.
The aspiration of this scam is to try and make Bitcoiin look like the advanced version of the Bitcoin Cryptocurrency. Bitcoiin 2Gen alleges that the aim is to address current issues that are affecting the Bitcoin ecosystem and making it nearly impossible for people to earn Bitcoins. Bitcoiin now claims that they will give you the ability to mine their coin with either 1 machine or 1000 machines if you like.
Now, remember that if Bitcoiin was a company or corporation, they would be dealing with something to do with trademark infringement. But since this is the world of Cryptocurrencies where scammers remain anonymous and unprofessional, such lawsuits are virtually impossible to hear of.
Of course B2G is a useless token because despite promising to be better than Bitcoin and even to replace it, it brings nothing new to the table.
You should probably understand that Bitcoiin is just another instance of ”me too altcoin”. It is similar to thousands of other altcoin cases that are promising to fixing the current problems that are affecting the Bitcoin ecosystem. By the way, we have never heard people making any money or getting rich with these altcoins. They are almost always scams that can’t be relied upon.
The scammers usually launch them in form of an ICO just to make money. Once they have generated some revenue, the coins are left in the hands of some desperate investors who think they have some kind of value. They begin trading them hoping to make profits which instead will always turn into losses.
With regards to the 12% annual ROI, we are assuming that bitcoiin is going to pay it in B2G because there is no identification of which Cryptocurrency they will be using for this payout. Also, since the website claims that it is a self-sufficient ecosystem of the B2G coin, it only makes sense to assume that payment will be in B2G.
Please understand that these guys are only intending to con you. If the 12% ROI will be paid in B2G, then you are only going to get paid something that has no real value as Bitcoiin is able to generate numerous B2G unlike Bitcoin which is limited and circulation is based on transferring of real value.
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