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BTC Plasma 2023 Review Update: The website shut down and members didn’t get a chance to withdraw their balance.
How do you safely invest in the crypto space?
Here are the benefits of trading with tested and expert-backed trading robots that guarantee safety and furnish investors with reasonable ROI
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The odds of making some profit with BTC Plasma are not in your favor. The owner of this investment project is up to the task of convincing you to purchase their investment plans so that they can benefit from that money. But as you can see, there is no real business to talk about here. BTC Plasma is basically using stocks and Cryptocurrency investments as an excuse to justify their soliciting of funds from innocent investors looking to earn a residual income.
It is therefore safe to say that this website is shady, suspicious and definitely not trustworthy. Just in case you are not convinced, look at their promised return on investments. Nothing is making sense here at all. 2.6% to 4.7% per day is not a realistic profit to make out of trading these instruments of investments.
You might think that these figures are not substantial and that they can still be achieved by very good traders. Well, the first thing you have to realize is that BTC Plasma has not given any proof to show their trading activities. So they are definitely not traders. And if they are not trading, then you can pretty much expect that they are doing the most hated thing that scam fund managers do.
That is to say BTC Plasma is basically collecting funds from everyone who gets persuaded and using those funds to enrich their pockets. Of course a small percentage of those funds will be used to pay new members.
This is not a sustainable business, and so it’s doomed to fail. Nobody wants to participate in an investment opportunity that will collapse with their money someday.
We know that you are probably reading this because you love the idea of trading stocks/Cryptos and are looking for ways to profitably trade them. You can visit this link to get to our list of recommended trading programs for Cryptocurrencies.
Let’s start with the ridiculous daily returns that BTC Plasma is promising investors. If we were to take their word literally, it would mean making over 100% per month in pure profits.
Since they are promising it, we have to take it as if they are guaranteeing this outcome. And that’s totally wrong because in trading, outcome must fluctuate, and secondly, we cannot expect to double our income in just one month. If markets were that predictable, you wouldn’t be hearing of scams like BTC Plasma because everyone would be making easy money. There would never be a need to scam innocent investors.
Therefore, these income claims or profit potential are out of the norm. You shouldn’t expect anything out of this poor money grab.
So, can you trust them when they say their ”team” of traders will manage funds on your behalf? If yes, you will get scammed. You will have probably deserved what will come to you.
On the other hand, if you have read the signs and are pretty convinced that this is a scam, that’s pretty good for you. You are in fact making a step towards the right direction. Make that decision and choose trading programs that actually work as opposed to fund managers who don’t have any track record yet they are soliciting money from randoms online.
It still baffles us because we can’t really understand the source of these funds. Naturally, this makes us inquisitive, and it leads to more investigations into the activities of this website.
A shallow explanation on the website says that BTC Plasma are a group of professional traders who have diversified their trading portfolio to include trading assets in the London Stock Exchange.
Of course this is a lie because as we have seen, this fake stock broker clearly has no idea what trading is all about. If they had a clue, they would have put themselves in our shoes and figure out that potential investors usually need evidence of a strong track record before parting with any amount.
This has not been provided. We are not expecting this high yield investment program to provide us with this evidence anyway because it is not there.
And if it isn’t there, you shouldn’t have any more reasons to believe that these people will multiply your investments. Through what means will this happen?
Definitely they are not licensed. However, they are ignoring this fact and hoping that you will not ask them this question.
Apparently, it is illegal to offer any form of asset management services when you have not acquired the relevant license. BTC Plasma is therefore an illegal operation whose owners deserve a jail term for violating the rules and regulations that the financial industry has implemented.
It does not take a lot of effort to realize that this site is nothing but a ponzi scheme. BTC Plasma has no reason to make us believe that they are real traders with experience in the markets.
But of course with every element of the site, we find evidence that they are practicing a ponzi scheme model of business to make money.
The referral program is one way through which this business is built. In fact, this is the main method through which the website is supposed to make money. It offers no real trading product or service.
What you should understand is that BTC Plasma will ultimately fail. There is no excuse or reason to think that they are offering a legitimate investment service.
This website is operated by traders whose profiles are anonymous. It’s a foolhardy decision when you think that trusting an anonymous scumbag is a sensible thing to do. BTC Plasma suffers a lot of problems which can serve as very good red flags to watch out for. Their business is not licensed by any governing authority. Two, they are unable to prove their skill and experience. Thirdly, they cannot be trusted because their daily ROI is ridiculous. Stay with the trading tools above.
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