We encountered an ”investment opportunity” called Crypto Source.The problem with this website is that it is not really what is is supposed to be. We all know that an investment opportunity is supposed to offer returns to you. Unfortunately, all they are doing is to plan how to rip you off or scam you in the worst case scenario.
You see, Crypto Source (Crypto-source.org) is supposed to operate like a mining program where they basically generate more altcoins by mining them for you.
But first, investors should but hashing power to enable them mine with Crypto Source. And then they get paid.
The returns are as high as 5% per day. This converts to 150% in a month. You can be rich only if this was true. The problem is that in the world of investing, nothing is guaranteed. You cannot expect a constant daily return on investment. The same applies to the monthly return on investment. It can’t be constant. And in most cases, you will earn nothing if the program you are investing in is a scam or a ponzi scheme.
So, is it really possible to make money with Crypto Source? That’s what we want to address in this Crypto Source review.
The first thing you should understand is that a legitimate company or business will never state upfront how much you can earn with their program.
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We believe that there are very good reasons as to why a business shouldn’t make these promises. The reason is that any form of investment is affected by many factors. This can bring about variations in daily earnings.
It is always a guarantee that at some point, these factors will influence how much you earn. There is the cost to recover (which should take some time) before you can even begin making some money on the side. The amount you invest is also going to determine how much you’re earning. If you’re on one year contract and you invest a big amount, a legitimate company should be able to make you some money after a few months. And as long as you’re profiting, you shouldn’t care, right?
Now, on the other hand, scams and ponzi schemes will never mention this truth. Instead, they will tell you that you can earn a certain percentage on a daily basis and without fail. They even promise that they will give you a lifetime opportunity to earn money while you sit on the couch.
Of course Crypto Source has various plans for their investors. The 5% daily return is what an investor on the highest plan should expect to earn.
If we look at the other plans, we find reasonable daily returns. The problem is that when you fail to make those daily returns in any particular day, you will feel cheated as nothing is guaranteed in the world of Cryptocurrency mining.
This should be the case with all other forms of investment. You can become rich if you’re calculating enough and are working with the right people. At the same time, you can lose a lot of money if you work with the wrong people.
The point is, making 5% a day is not a realistic thing. You can never make this kind of thing in Cryptocurrency mining. So definitely these returns are fishy or based on something else which Crypto Source does not want to tell us.
When we visit the site, we find that Crypto Source is backed by a corporation that actually runs the website. These are just claims which need to be legitimized by actually looking at the company records and confirming what is written there elsewhere.
They claim that Crypto Source was registered in the UK, and is a very established company. But we see that the domain was setup in November last year.
Now, we are coke sure that this website won’t last a year. We are suspecting that this website or so-called company is not actually mining Cryptocurrencies. What they are doing is to literally collect as much altcoins as possible. When they have collected enough and are unable to pay for their maintenance due to a number of reasons, they can simply close down and disappear with your funds. That can happen sooner or later this year.
Why are we foreseeing their downfall?
Well, it’s because Crypto Source hardware does not have any mining hardware. If they owned a mining farm or were involved in leasing such hardware, they would have easily posted their pictures on the site. We would then confirm the exact location using Google maps and other tools that are within our means.
So we are actually fully convinced that Crypto Source is lying and is not being transparent on this matter.
The other thing that we see with this website is that it doesn’t have real employees. Any reference to employees is just an attempt to convince you that they are seriously into this business. That is not the case.
Their employees cannot be confirmed. In fact, even the owner of this site is anonymous. How do you trust anonymous people with your Bitcoin? It’s dangerous.
The point is this; there are no employees and no mining hardware. This website is just taking its visitors for a ride. It is all written there in bold.
If you don’t know the owner of a website claiming to mine Cryptocurrencies, you should back off.
You don’t have to meet them face to face. But if you can actually confirm their education and work experience in the blockchain space, it could offer a ray of hope that at least they are real people and that they are qualified to run such a project.
But in the event that the owner of the site is anonymous and they are asking you to send them Bitcoin, that should make you curious and suspicious. No straight forward person will ever hide their identity and ask money from investors on the internet.
Secondly, you only want to put your money where real employees exist. We believe that these employees should also have the relevant qualifications in their respective areas of expertise.
With Crypto Source, this is lacking. The site owner does not do anything to convince you that they actually have employees.
Equally, they never make any effort to prove their identity because they believe that a company registration status in the UK is all they need to convince a dumb investor.
Now, that is not going to happen in the 21% century where investors are naturally enlightened on these matters.
The truth is that Crypto Source is a ponzi scheme, and has nothing to do with Cryptocurrencies except when they are collecting them.
In the beginning of a ponzi scheme like this one, new deposits will be collected and a small fraction of that deposit used to pay out older members.
This should work fine as long as withdrawals don’t exceed deposits. But the moment the scale will tilt, the ponzi scheme will just shut down and disappear with the rest of the funds.
Crypto Source is a risk to investors funds. As we have said, you can only be safe if you invest with these companies. Avoid this scam at all cost.
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