BitLucre is supposed to be an online investment program that guarantees high returns thanks to cryptocurrency trading. Returns range from 10% to 20% daily.
The company Bit Lucre Limitied is allegedly made from professional traders focusing mainly on bitcoin.
So, can you make money fast with BitLucre?
There is no doubt that BitLucre is a scam, it is a Ponzi scheme that will fail soon.
This registration says nothing about the lawfulness of what BitLucre is doing. The company is just a few days old.
The main thing is that BitLucre provides investment services, so it also needs a licence form the Financial Conduct Authority. But it does not have one. Which means that BitLucre is operating illegally.
Any time you see a program with returns of several percent per day, you can be sure that it is a scam. There is no way to get such returns consistently in the long term.
This fact is obvious when you look at the address 19eD3u14ui3gzK8kPD2aCxPBnCSut2ER1X that is connected to all BitLucre transactions, not to mention that total deposits are far lower than what the website shows.
How it works
BitLucre is a typical Ponzi scheme. It means that initially profits are paid from new deposits, so that the program attracts more investors. When people behind the program are happy with what they collected from the public, they will run away with all the money.
This is why deposits are made only in bitcoins. Transactions in cryptocurrencies are more or less anonymous and irreversible, so nobody will be able to help you to get your money back.
BitLucre is a Ponzi scam scheme that is going to fail soon. Don’t put your money into it!
If you are interested in trading cryptocurrencies, try a free demo account with a regulated broker.
You will see that you first have to learn and build a profitable strategy, before you can start investing real money.