What is My Cryptobit? My Cryptobit is a research and media company which claims to research new technologies for investing. They are specifically focused on Crypto currencies hence the name My Cryptobit. They offer a wide range of services which include Crypto news, Coin portfolio, daily Bitcoin analysis, airdrops, ICO recommendations and a full automated Crypto trading service.
At this point, we are interested in seeing their supposed trading results, and if those results are verifiable, it can be a good starting point to recommend My Cryptobit to our readers. This site appears legit at first. But some people have hinted that it is a ponzi scheme, and based on what we see, there is a high chance that there is a ponzi scheme business model behind it.
They even have an app which they use to deliver their services to their customers. They claim that this is the world’s first Crypto currency app which includes all the important info you need to know about Crypto currencies. Well, this sounds like exaggerated statement. We are sure that there are quite plenty of apps that were started long ago before My Cryptobit came into the picture.
It does not appear as if this site will benefit you in the long run. For that reason, we have summarized a few legit resources that you can use for your Crypto currency trading. These options are fully automated and will always make you returns.
Their airdrop service sounds exaggerated as well as they claim that we can earn up to $1000 a month for free. Their auto trading service, however, is operated like a signal service where they send push notifications and we get to decide whether we are interested in trading the signals. They also claim that they are the expert ICO recommendation specialists. But these experts are anonymous since the digital footprints of the so-called experts cannot be traced.
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Yes, they have a page that is dedicated to their supposed team members. ÖZCAN KÖME is listed as the CEO. There are a bunch of other pictures which supposedly showcase their company representatives. But this information is fictitious since none of these so called professionals have LinkedIn profiles where we can check them out. Chances are that these people are showing us stock photos with fake positions which they are allegedly holding on the My Cryptobit project.
They also claim that their service involves investing in long term coin portfolio and that their ”experts” will guide us when it is the right time to ”take a bag of coin”. This amounts to giving investment advice and as you can see, this is a highly regulated area in any part of the world. That means My Cryptobit cannot legally operate in any of the countries regulating investment advice until they secure a license. This site does not have a license for that purpose.
So we could soon get the news that the FCA has actually blacklisted them the way they have been doing with Crypto currency scams which offer illegal investment advice.
Their daily Bitcoin analysis where they predict what could happen with the market next is however free. What is not clear is whether someone has to download the app in order to get the market commentary. The app also seems to offer more information that what is available on their site.
There are 3 investment plans in total. The list you can spend on a plan is $500, followed by $900 and $1500 respectively. These are all inclusive packages which run for 3 months, 6 months and 1 year respectively.
We assume that each of the plans contain everything that My Cryptobit is offering. However, one thing is quite clear. These plans are costly and we should not be throwing money to these guys if we have not seen their past performance yet. This is very important because they help us identify whether or not My Cryptobit is a good investment.
My Cryptobit is quite disappointing because what they list down as trading results is actually unverifiable information which has been published on a table of supposed trades and their results.
We need transparency and we need a way to verify this information. One way of doing so would have been to utilize a statement sharing service like Myfxbook.com. But these guys never bothered to do so because it was their intention to provide dubious trading results in the first place.
They could manipulate those results because nothing stops them from doing so. They claim that those trades were taken from Binance platform but there is always a better way to present past performance which makes it easier for investors to believe them.
However, this is not the case, and this information must never be considered valid proof of trading success.
There are facts to remember when dealing with a site like My Cryptobit. You need to ask yourself whether it is worth paying $500 to purchase the minimum plan that this website is asking for. Is it worth it? If this is the case, what is the qualifying factor to prove that we will get value for money?
We would never invest with a site that does not produce trading results. That’s being too naive and especially if you’re putting in a lot of money like $500.
The second thing that worries us is the fact that the operators behind My Cryptobit are anonymous and are providing us with information which belongs to people who cannot be traced online. Why is this so if the site is legit? Does it mean they are not willing to let us know which people are running the site’s operations?
These questions and concerns must be addressed by My Cryptobit if they want us to build trust towards their service. Otherwise, there is just no way to trust these guys.
My Cryptobit could be a dubious site looking steal from you and our best advice is to use these resources instead.
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