Storjmines.com Review Why Waste Your Money With This HYIP

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Bitgainerasset.com Review: 5 Solid Reasons Why You Shouldn’t Invest Here

Bitgainer Asset International Limited Reviews: Is Bitgainerasset.com a Scam or Legit investment service? We have had a lot of queries from readers who are considering the investment options being offered byBitgainer. As a result of that, we decided to look into this platform.

With online scams springing up every day, we have taken the responsibility of reviewing products, stores, websites e.t.c in order to save you from making wrong decisions.

Our review of Bitgainer Asset serves as an eyeopener about this investment website. We hope this review meets you well, and on time.

What is Bitgainerasset.com

Bitgainer is an investment platform that claims that lots of people have made a fortune with their various investment plans. According to the information on Bitgainerasset.com, they have been operating since October 2020, and have more than 4,000 Investors.

They further claim that they use serious DDOS protection and a powerful server to provide their services.

How true is this? Can you earn money from this investment platform?

We would be answering that question soon enough.

Bitgainer Asset Plans and Withdrawal

This bitgainer Asset International Limited offers fours investment plans:

  • 3.5% daily for 75 days- $20 minimum deposit
  • 12% daily for 17 says- $500 minimum deposit
  • 230% after 4 days- $1000 minimum deposit
  • 750% after 35 days- $220 minimum deposit

They accept the following method of payment- Payeer, Perfect Money, Adv Cash, Bitcoin e.t.c

How Does Bitgainerasset.com Work- What Do They Use Your Funds For?

This should be the first question you should ask before thinking of registering in any investment platform. What are they using my funds for? How are they able to get the profits they’re promising?

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We found the answer to this question on their FAQ page, however their response is vague, and not tangible enough.

” BITGAINER ASSET INTERNATIONAL LIMITED is an Assets Management platform where you can invest and earn profits. We manage the assets of our clients by providing a very high stable daily income. We invest in stock and commodities market,foreign exchange market, Forex Trade and crypto trading and gold trading”.

This sounds promisisng, beautiful even, but is Bitgainer really into all these? The returns they offer is unbelievable, impossible even. We know the stock, commodities, foreign, crypto and gold trading exchanges involve a high level of risks and loses.

How do they intend to pull this ‘acclaimed success’? do they have a magical wand?

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The Truth About Bitgainer Asset Ltd

Though they claim they use your money to trade the Forex market, stocks and all that. That, their practiced team invests within the certified and controlled investment method. .

We are sorry to disappoint you. This is not how this platform works. They are just feeding you well scripted lies.

Bitgainerasset.com is simply a HYIP, High yield investment platform. What this means is that it offers unsustainable returns which no right thinking investment platform would do.

In case you don’t know what HYIP’s are, they are simply ponzi schemes fashioned to look like investment platforms. Initial investors only get paid when new people sign up and invest. In order to keep platforms like this running, the high returns are used as a bait to pull you in.

Those that benefit most times are the first investors. This is because as soon as the amount of new investor drops, the owners do away with the money invested. HYIP’s are unsustanable, infact no right thinking person would advise you invest in a high yield investment platform. This is because the chances of you losing is 20 over 80.

Why Bitgainer Asset Is Not Worth Your Money

If you’re still considering doubling your money with Bitgainerasset.com , below are reasons why you should not do so.

Anonymous Lots

After a thorough background search on who the owner/owners of this platform is, we came up with absolutely nothing. This alone is an indication that the people behind this online store don’t have genuine intentions. If they do, they wouldn’t be hiding their details from whois.

Unpredictability

Because this platform is a HYIP, you can’t predict what their next move would be. They might decide to shut down their platform today, leaving your money trapped. That being said, your money is always at risk with HYIP’s like this.

There are No Watch Dogs Watching Over This Platform

Though some of these platforms might provide a registration certificate and so-called evidence of payments, don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. In the real sense, they are not regulated. No Financial Body approves their services.

No Social Media Presence

Though this platform provides social media buttons at the top of their homepage, these buttons simply redirect you back to their homepage and not to any social media page.

When we checked Facebook, we found absolutely nothing about this investment platform. Likewise on google. If they are really what they claim to be, a lot of investors would have been writing stuffs about them online.

Bitgainer Asset Customer Reviews

As part of our investigation, we decided to dig deep into the internet to see if we could stumble on genuine customer reviews. We did find not one, but two, on Scamdoc.

This is the truth about Bitgainerasset.com investment-

Bitgainerasset.com is totally fraud, please don’t Invest 1$ they are a big group of scammers, as i lost my $5000, they are bloody dogys

Bitgainerasset.com Scam Review: Our Findings

Notwithstanding how legit this platform looks, they are not to be trusted. This is because they have a very short span, they are not licensed, and no one can tell what their next move would be.

Conclusively, those who had invested in Bitgainerasset, have only negative comments. You wouldn’t be able to receive any funds talkmore of withdrawing it.

Why waste your time on HYIP’s when there Legit ways of making money?

High-Yield Investment Program (HYIP)

What Is a High-Yield Investment Program?

A high-yield investment program (HYIP) is a fraudulent investment scheme that purports to deliver extraordinarily high returns on investment. High-yield investment schemes often advertise yields of more than 100% per year in order to lure in victims. In reality, these high-yield investment programs are Ponzi schemes, and the organizers aim to steal the money invested. In a Ponzi scheme, money from new investors is taken to pay returns to established investors. Money is not invested and no actual underlying returns are earned; new money is just used to pay people who entered the scam earlier than they did.

Though this brand of Ponzi scheme has existed since the early 20 th century, the proliferation of digital communications technology has made it much easier for con artists to operate such scams. Usually, an operator will create a website to lure in unsuspecting investors, promising very high returns but remaining vague about the underlying management of the investment fund, how the money is to be invested, or where the fund is located. These funds typically involve the alleged trading or issuance of “prime” bank financial instruments and may include references to prime European or prime world bank instruments. For this reason, this scam is also known as the “prime bank scam.”

Digital communications technology has made HYIPs and other scams easier.

How a High-Yield Investment Program (HYIP) Works

High-yield investment programs (HYIPs) are investment scams that promise unreasonably high returns and often just use new investors’ money to pay off older investors. Of course, this is not to be confused with a legitimate high-yield bond investment, which offers higher than investment-grade interest rates. HYIP operators will typically use social media, including Facebook, Twitter, or YouTube, to appeal to victims and create the illusion of social consensus surrounding the legitimacy of these programs.

The SEC advises that there are several warning signs that investors can use to help avoid being victimized by high-yield investment program scams. These include excessive guaranteed returns, fictitious financial instruments, extreme secrecy, claims that the investments are an exclusive opportunity, and inordinate complexity surrounding the investments. Perpetrators of high-yield investment programs use secrecy and a lack of transaction transparency to hide the fact that there are no legitimate underlying investments. The best weapon against getting sucked into a high-yield investment program is to ask a lot of questions and use common sense. If an investment’s return sounds too good to be true, it probably is.

High-Yield Investment Program (HYIP) Example

An example of an HYIP was Zeek Rewards, run by Paul Burks and shut down by the SEC in August 2020. Zeek Rewards offered investors the opportunity to share in the profits of a penny auction website, Zeekler, at returns of 1.5% a day. Investors were encouraged to let their returns compound and to increase their returns by recruiting new members. Investors were required to pay a monthly subscription fee of $10 to $99 and make an initial investment of up to $10,000. The SEC found that about 99% of the funds disbursed were paid out of the pockets of new investors and that Zeek Rewards was a $600 million Ponzi scheme. Burks was fined $4 million and sentenced to 14 years, 8 months in prison.

SCAM WATCH

Investment schemes involve getting you or your business to part with money on the promise of a questionable financial opportunity.

Common types of investment scams

Investment cold calls

A scammer claiming to be a stock broker or portfolio manager calls you and offers financial or investments advice. They will claim what they are offering is low-risk and will provide you with quick and high returns, or encourage you to invest in overseas companies. The scammer’s offer will sound legitimate and they may have resources to back up their claims. They will be persistent, and may keep calling you back.

The scammer may claim that they do not need an Australian Financial Services licence, or that that they are approved by a real government regulator or affiliated with a genuine company.

The investments offered in these type of cold calls are usually share, mortgage, or real estate high-return schemes, options trading or foreign currency trading. The scammer is operating from overseas, and will not have an Australian Financial Services licence.

Share promotions and hot tips

The scammer encourages you to buy shares in a company that they predict is about to increase in value. You may be contacted by email or the message will be posted in a forum. The message will seem like an inside tip and stress that you need to act quickly. The scammer is trying to boost the price of stock so they can sell shares they have already bought, and make a huge profit. The share value will then go down dramatically.

If you invest you will be left with large losses or shares that are virtually worthless.

Investment seminars

Investment seminars are promoted by promising motivational speakers, investment experts, or self-made millionaires who will give you expert advice on investing. They are designed to convince you into following high risk investment strategies such as borrowing large sums of money to buy property, or investments that involve lending money on a no security basis or other risky terms.

Promoters make money by charging you an attendance fee, selling overpriced reports or books, and by selling investments and property without letting you get independent advice. The investments on offer are generally overvalued and you may end up having to pay fees and commissions that the promoters did not tell you about. High pressure sales tactics or false and misleading claims are often used to pressure you into investing, such as guaranteed rent or discounts for buying off the plan.

If you invest there is a high chance you will lose money.

Visit ASIC’s MoneySmart for more information about investment seminar scams.

Superannuation

Superannuation scams offer to give you early access to your super fund, often through a self-managed super fund or for a fee. The offer may come from a financial adviser, or a scammer posing as one. The scammer may ask you to agree to a story to ensure the early release of your money and then, acting as your financial adviser, they will deceive your superannuation company into paying out your super benefits directly to them. Once they have your money, the scammer may take large ‘fees’ out of the released fund or leave you with nothing at all.

You cannot legally access the preserved part of your super until you are between 55 and 60, depending what year you were born. There are certain exceptions such as severe financial hardship or compassionate grounds – but anyone who otherwise offers early access to your super is acting illegally.

Visit ASIC’s MoneySmart for more information about how super works.

Warning signs

  • You receive a call, or repeated calls, from someone offering unsolicited advice on investments. They may try to keep you on the phone for a long time, or try and transfer you to a more senior person. You are told that you need to act quickly and invest or you will miss out.
  • You receive an email from a stranger offering advice on the share price of a particular company. It may not be addressed to you personally, and may even give the impression it was sent to you by mistake.
  • An advertisement or seminar makes claims such as ‘risk-free investment’, ‘be a millionaire in three years’, or ‘get-rich quick’.
  • You are invited to attend a free seminar, but there are high fees to attend any further sessions. The scammer, posing as the promoter, may offer you a loan to cover both the cost of your attendance at the additional seminars and investments.
  • You see an advertisement promising a quick and easy way to ‘unlock’ your superannuation early.

Protect yourself

  • Do not give your details to an unsolicited caller or reply to emails offering financial advice or investment opportunities – just hang up or delete the email.
  • Be suspicious of investment opportunities that promise a high return with little or no risk.
  • Check if a financial advisor is registered via the ASIC website. Any business or person that offers or advises you about financial products must be an Australian Financial Services (AFS) licence holder.
  • Check ASIC’s list of companies you should not deal with. If the company that called you is on the list – do not deal with them.
  • Do not let anyone pressure you into making decisions about your money or investments and never commit to any investment at a seminar – always get independent legal or financial advice.
  • Do not respond to emails from strangers offering predictions on shares, investment tips, or investment advice.
  • If you feel an offer to buy shares might be legitimate, always check the company’s listing on the stock exchange for its current value and recent shares performance. Some offers to buy your shares may be well below market value.
  • Never commit to any investment at a seminar – always take time to consider the opportunity and seek independent financial advice.
  • If you are under 55, watch out for offers promoting easy access to your preserved superannuation benefits. If you illegally access your super early, you may face penalties under taxation law.

Have you been scammed?

If you think you have provided your account details to a scammer, contact your bank or financial institution immediately.

We encourage you to report scams to the ACCC via the report a scam page. This helps us to warn people about current scams, monitor trends and disrupt scams where possible. Please include details of the scam contact you received, for example, email or screenshot.

Scams that relate to financial services can also be reported to ASIC.

Spread the word to your friends and family to protect them.

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