SIMPLE SCAM: BitBios review

BitBios official websiteIn this review we expose a new crypto scam called BitBios. It is based on a system that is designed to fail.

BitBIOS allegedly is an advanced system for cryptocurrency mining. The bot chooses the most profitable altcoins and mines them.

Now you allegedly can take advantage of this program and earn 10% daily on your investment. Really?

BitBios scam

The investment plans are totally unrealLet’s put it straigh, BitBios is not about mining cryptos, it is about running a Ponzi scheme. For those of you who are not familiar with how these schemes work, they basically do nothing, just collect money from the public. Sometimes they pay profits at the beginning to attract people, they use new deposits for that.

As you can see, this scheme is doomed to fail, it is just a matter of time. It will collapse either when owners decide to run away with all the money, or when there is not enough new deposits to pay the profits.

BitBios is offering 10% daily, which is absolutely impossible to achieve in cryptocurrency mining. Or trading for that matter, at least not consistently in the long term.

Sometimes we hear people saying: Yeah, but while it’s paying, why not invest into it? There are two main reasons. The first is that you never know when a Ponzi scheme like BitBios will fail, it could happen right after you make your first deposit.

The second reason is that even if you manage to pull out some profits, these profits will be paid out of other people deposits, which means that if you make money, some other people will lose money. Do you want to earn money thanks to a scam that will make somebody else lose money?

Conclusion

BitBios is a Ponzi scam that will quickly collapse and people will lose money. Stay away from it!

If you are interested in cryptocurrency trading, try a free demo account with a regulated broker to see how it works.

It is possible to make money in crypto trading, but it is also possible to lose. So you have to learn and build a profitable strategy before you can switch to trading with real money.

Summary
Review Date
Reviewed Item
BitBIOS
Author Rating
21star1stargraygraygray
Share on FacebookTweet about this on TwitterShare on Google+Pin on PinterestDigg thisShare on LinkedInBuffer this pageFlattr the authorShare on RedditShare on StumbleUponShare on TumblrShare on VKShare on YummlyEmail this to someonePrint this page

Leave a Reply

Your email address will not be published. Required fields are marked *