M9Bitcoin claims to be a portfolio management company which is trading with cryptocurrencies. It is investing in cryptocurrencies like bitcoin, ethereum and ripple, which allegedly allows it to make profits.
The company is willing to share the profits with you, so it offers six different investment plans with return up to 3% per day, which means 90% monthly.
Is this a real investment opportunity?
The first major red flag are the investment plans. 90% monthly is absurd, nobody can do that in any legitimate business. Especially not now with cryptocurrencies, because they are stagnating.
Even if it is possible to make profits in crypto trading, nobody can ever guarantee anything, because you just don’t know how the markets will behave in the future.
You can be sure that when anybody is promising you fixed daily returns, it is a scam. Because markets are changing and it is impossible to make the same profits every day.
Illegal investment program
In fact, M9 Bitcoin is not even providing any contact information, let alone information about regulation. This means that this investment program is illegal.
How it really works
M9Bitcoin is an obvious Ponzi scheme. This means that there is no real trading going on, it is an illegal financial game. Deposits are collected from the public and initially used to pay the first withdrawals.
But as the time goes on, withdrawals will exceed deposits and the system will collapse. This is how these scams always end.
M9Bitcoin is a scam that is not going to last for long, it will collapse and money will disappear. Stay away from it!
If you want to make money in crypto trading, you will have to build your own strategy and do it on your own. You can try it on a free demo account with a regulated broker.
Remember that trading carries risks, you can make, but also lose money. So, act accordingly.