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 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.
👉 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 the Next Day 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. Click the Banner Below To Register Now:
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.
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.
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.
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.
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.
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 will not be 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. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, 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. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.