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Bitsigma.cc Review: The Manifestation of a Recycled Scam

Bitsigma.cc Review: The Manifestation of a Recycled Scam

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Bitsigma.cc is a Cryptocurrency scam that changes domains a lot. It used to be hosted at bitsigma.io. Today, it has assumed a slightly different domain just to cover itself and attract a fresh load of victims. By default, the page isn’t in English. However, there is an option to select English language on the landing page. Bitsigma Ltd is claiming that they will manage your Cryptocurrency portfolio since Crypto currencies are growing in demand and their ”team of financial and technical advisors” are providing a wide range of investment solutions.

The investment solutions are very lucrative because Bitsigma is simply a ponzi scheme. The automated investment program is not what you think it is. No one can really generate lucrative profits on your behalf while you do nothing. There is no single and legit investment manager who can provide crazy monthly returns for their clients. If they existed, everyone would be wealthy today.

Bitsigma is promising 4.87% per hour. In a day, this would be 116.88% and over 3,500% in monthly returns. The minimum investment is 0.001 BTC and maximum is 0.2 BTC. Now, the question is, can we make overnight wealth when we allow Bitsigma to touch our investments? Apparently, these profits are ridiculous. They can’t be achieved in any legit Cryptocurrency investment program.

Note: You can now trade Cryptos profitably using automated software.

Bitsigma Review

Bitsigma has a dirty track record. It was incorporated in March 16, 2018. This does not mean that it is legit. Anyone can create a company in the UK and file returns or at least have the details of their company featuring in the Companies House website. The thing with these entities seeking registration in the UK is because it is dirt cheap and authorities care less concerning the activities of those companies. So like any other ponzi scam, Bitsigma finds a safe haven in the UK.

Bitsigma uses a basic industry script to implement their deceptive idea. There is no difference between this site and several other ponzi schemes which are promising abnormal returns in a short time. They even have a multi-level referral program in place. This investment program is supposed to reward 7% in the first level, 2% in the second level and 1% in the third level. All ponzi schemes must have a similar program in place in order to keep injecting new deposits into the system. Since ROIs are generated through new deposits, they have to encourage members to share widely through a referral program.

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bitsigma

And of course Bitsigma is touting fake user statistics which have not been verified by an independent third party. The site claims that it has been online for the last 8 days, which isn’t accurate. It also claims that during this time, it has registered over 5k accounts. The stats are also displaying total amounts of deposits and withdrawals from the platform. This data can’t be verified and can’t be treated as a reliable source of information. This is because it is coming from Bitsigma, and this site has a bad reputation of deceiving investors. We can’t trust anything else they’ll tell us.

Anonymous owner

Like any other ponzi scheme in this industry, this site does not introduce the owner or the team behind it. They are 100% anonymous because their intentions are shady. The site is either being managed by one admin or a group of shady individuals whose mission is to steal Cryptocurrencies on the internet. The point is, we do not know these people. They failed to introduce themselves beyond the generic about us statement which appears on the Bitsigma website.

No confirmed ROI from an external source

Bitsigma does not provide any proof that they are mining altcoins on behalf of their customers. Claims that are unverified are not meaningful at all. The site is basically making promises which can’t be achieved in the real world. So definitely it is deceptive. You cannot make 3000% monthly ROI. It is just not possible regardless of the combination of the business activity.

The site is definitely not mining because they do not have mining hardware for Crypto currencies. At the same time, they are not trading altcoins because there is no past performance or reference to trading. So this leaves us with one assumption: that Bitsigma makes its entire revenue from new users. When you sign up, you inject a fresh stream of income into the ponzi scam. In return, the owner is either going to steal it or distribute a part of that income among its established members. This may not go on for a long period of time because such a business model is not designed to be sustainable.

That is why Bitsigma is now changing domains. Once it has scammed users, it changes to something else. Unfortunately, the scammer behind it is so limited in their thinking that they retain the same name but different domain extension. Instead of an io, they use a cc.

Fake reviews and illegal business activity

On the landing page of Bitsigma, we have a page that is dedicated to publishing fake reviews. By saying fake reviews, we mean that these reviews are published by the admin and not users of this site. As soon as you sign up and send some money, the system will kick you out because no profits will be generated for you.

So these reviews are definitely coming from the site admin who is clearly determined to persuade you into joining a fake altcoin mining company. Outside this domain, you will only find disappointing user feedback which do not reflect what we find in this page. That is how we get to know that those reviews are fake.

Of course this is an illegal business as well. In the UK, fund managers are regulated, and must have a license to operate legally. So far, Bitsigma has not obtained a license because they can’t qualify to get one from the FCA. The bottom line is that this is an illegal business.

Our best advice for you

Bitsigma is a scam and it will disappoint you. There is no legitimacy in their business model and operation. Please stick to trading of altcoins.

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