Topic: Coinfactory.io Warning - Please read before locking your BTC up! Warning ! (Read 1473 times)
May 22, 2017, 02:50:08 PM
Yes tis true they are gone! I ended up doubling my principal, which i withdrew, but in the end lost my principal investment. I guess thats about the best outcome i could hope for.
May 22, 2017, 08:03:45 AM
I never heard that site before. The way the op is talking. Looks like he was scammed by HYIP site. Investing on HYIP is very risky. So it will be better if you avoid them and look for alternative way to earn. Why don't you try altcoin trading? Its easy to do and not scam. Its also risky. But its worth the risk when you hit a price surge. Its better to trade than to give your money to HYIP.
May 22, 2017, 06:48:04 AM
I didn't lose money on coinfactory but only time and trust about HYIP sites ( forever ). Never and won't try HYIP again that's my commitment for good. Sayonara for all HYIP sites.
May 05, 2017, 01:16:29 AM
Everyone is/should be aware of ponzi schemes, I am, but I did take a punt on coinfactory. I don't mind a punt or 2 now and then. I invested while being aware the site would fold at some stage. Fortunately for me I did receive all my original investment back as interest (plus a couple of days) before the site went ass-up. Last few days it has not been paying, so I assume they have done a "runner" now.
April 15, 2017, 03:17:08 AM
Thanks for the tips! Being 7% didnt seem that out outrageous to me, was just looking for something to go along with Polo lending. Sry im new to the BTC investing side.
That's okay. Let me give you some tips as to see how outrageous something is.Firstly, let's think about what 7% per day would be worth if you left in that money for a year. 7% multiplied by 365 would be worth 2555% of your original investment. If you put in $100, that means that it would be worth $2555 in a year. That's completely ridiculous.
But it's not like that. How it would work in practice is that you would do compound interest - this means that you reinvest your earnings so that they increase more in the future. Not bothering to do the maths myself by using a compound interest calculator, your money would be worth $ 5,309,808,459,797.19 in a year (five trillion dollars).
Now you understand how ridiculous it is. No bank offers you more than about 5% interest per year in most countries - why would another service give you much, much higher for doing literally nothing?
In future, try finding out about casino bankroll investments and also go to the Securities subforum in the marketplace. You can get ~10-15% in a year with good investments, or if you're an expert trader and put work in, a lot more. Bitcoin is an investment itself though, it's gone up by over 50% in a year and you shouldn't expect people to pay you too much interest on top of that.
April 14, 2017, 04:01:00 PM
Thanks for the tips! Being 7% didnt seem that out outrageous to me, was just looking for something to go along with Polo lending. Sry im new to the BTC investing side.
In-Conclusion,
I was just stating a fact that may help someone as un-informed and novice as myself.
Hope i didnt make a grammar mistake....
In-Conclusion,
I was just stating a fact that may help someone as un-informed and novice as myself.
Hope i didnt make a grammar mistake....
April 14, 2017, 03:38:10 AM
Hi,
Just wanted to pass on a tip, i ran across coinfactory.io while looking for investments etc. While they do seem to pay the advertised interest per day, what they DONT tell you anywhere (that i can find) is that your principal btc investment is locked in with them FOREVER. Repeat, you can not withdraw your invested amount, EVER. Liquidity = 0 & and who knows how long they will remain.
So, in-conclusion, if you invest anything with this site, do not expect to earn some interest and move on, your stuck. FOREVER!
It's irrelevant whether you can withdraw your principal. A lot of legitimate investments won't let you either, and a lot of illegitimate investments will let you. Doesn't mean that you can actually pull your money out because it's not like they'll give you a warning saying "we'll stop paying on this exact day, so make sure to take all of your money out before then".Just wanted to pass on a tip, i ran across coinfactory.io while looking for investments etc. While they do seem to pay the advertised interest per day, what they DONT tell you anywhere (that i can find) is that your principal btc investment is locked in with them FOREVER. Repeat, you can not withdraw your invested amount, EVER. Liquidity = 0 & and who knows how long they will remain.
So, in-conclusion, if you invest anything with this site, do not expect to earn some interest and move on, your stuck. FOREVER!
Huge amounts of Bitcoin investments are Ponzi schemes. There are thousands created all the time, and anyone who has even a hint of intelligence will say which ones are Ponzis with 99% accuracy in a heartbeat. The list of Bitcoin scam sites doesn't even contain obvious Ponzis like this, just because you should recognise it from looking at it and not give any arbitrary requirements for the site being legitimate.
April 14, 2017, 12:12:51 AM
Hi,
Just wanted to pass on a tip, i ran across coinfactory.io while looking for investments etc. While they do seem to pay the advertised interest per day, what they DONT tell you anywhere (that i can find) is that your principal btc investment is locked in with them FOREVER. Repeat, you can not withdraw your invested amount, EVER. Liquidity = 0 & and who knows how long they will remain.
So, in-conclusion, if you invest anything with this site, do not expect to earn some interest and move on, your stuck. FOREVER!
Op thank you for the info. Put your money in ponzi, hyip is one of unwise thing I can do. Most of the high returns on investment you see online are scams. They don't have your internet at heart they are only interested on your money. If your don't want to burn your fingers don't deep your hand inside fires. Just wanted to pass on a tip, i ran across coinfactory.io while looking for investments etc. While they do seem to pay the advertised interest per day, what they DONT tell you anywhere (that i can find) is that your principal btc investment is locked in with them FOREVER. Repeat, you can not withdraw your invested amount, EVER. Liquidity = 0 & and who knows how long they will remain.
So, in-conclusion, if you invest anything with this site, do not expect to earn some interest and move on, your stuck. FOREVER!
April 13, 2017, 11:48:19 PM
So, in-conclusion, if you invest anything with this site, do not expect to earn some interest and move on, your stuck. FOREVER!
In conclusion never invest in any of this HYIP programs which promise to give very high return daily. They are running for 15 days only and they may run away without any notice overnight. Don't put anything there.
April 13, 2017, 09:45:50 PM
Hi,
Just wanted to pass on a tip, i ran across coinfactory.io while looking for investments etc. While they do seem to pay the advertised interest per day, what they DONT tell you anywhere (that i can find) is that your principal btc investment is locked in with them FOREVER. Repeat, you can not withdraw your invested amount, EVER. Liquidity = 0 & and who knows how long they will remain.
So, in-conclusion, if you invest anything with this site, do not expect to earn some interest and move on, your stuck. FOREVER!
Just wanted to pass on a tip, i ran across coinfactory.io while looking for investments etc. While they do seem to pay the advertised interest per day, what they DONT tell you anywhere (that i can find) is that your principal btc investment is locked in with them FOREVER. Repeat, you can not withdraw your invested amount, EVER. Liquidity = 0 & and who knows how long they will remain.
So, in-conclusion, if you invest anything with this site, do not expect to earn some interest and move on, your stuck. FOREVER!
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