How legitimate those 600% ROI claims are?

JamirOn

newbie

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Just now I came across a new hyip service that doesn't look any more creditable than the others - in terms of transparency at least.
It also promises those ludicrous astronomical ROI but this time, to my surprise, it wasn't in Ukraine, Russia, Romania, or what not;

it is registered in UK! and boasts about showing an official letter upfront in the welcome page.

After few clicks and searches I found out that it was a legit company number and registration letter.

How a scam like that be allowed to operate in UK?

Thought UK laws and regulations were tough to play around in that matter; After all, an estimated one quarter of the world is operating under UK maritime commercial law, is it not? Singapore, Hong Kong, Dubai, etc and so forth..

Must be a new loophole or something, or could it simply be legit?!
I refuse to believe the latter. It just doesn't add up.

serjent05

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Get $2100 deposit bonuses & 60 FS

Any company that tells you of getting 600% ROI in a short period of time is actually a ponzi scheme that intend to prey on every investors money and eventually turn into a scam. Just some logic here, if they can produce 600% in 1 week, why would they want investor anyway?
Here s a 16 weeks projection with 600% Roi per week

Week
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

Fund....................
1
6
36
216
1296
7776
46656
279936
1679616
10077696
60466176
362797056
2176782336
13060694016
78364164096
4.70185E+11

diodio5

hero member

Activity: 490

Merit: 500

Quote from: Jhanzo on September 06, 2016, 01:31:44 PM

If you're talking about those services which promises to multiply your bitcoins, they're mostly scam.

lol yeah i always laugh why many people can still be fooled by Ponzi system and hyip, where they will give 200% double your money or more refund within a few days when they do not provide clarity about their businesses? Lol

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: JamirOn on September 06, 2016, 01:26:29 PM

snip

You had to ask. This obviously has scam written all over it. But I do not think the people who hang out in this forum a lot will not fall for it that easily. The newbies might because of the lack of education. It is important that the people who have been here for years should look out for the newbies and give them fair warning on what services to avoid.

Also that "sweetener" is bait. They will make you money for the first $30 deposit and then skin you alive when you actually make the larger deposit.

Dudeperfect

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Activity: 1190

Merit: 534

Yes you can make 600%+ profits on your investments but no one can be sure about it. I don’t believe on any site which tells promises 600% ROI unless the site is facebook or google.

I have seen many alt coins rose 9,999%+ in pump and dump schemes so if you are lucky enough then it’s possible to make some profits in it but again, it should not be called trading because it’s a clear gamble.
Don’t trust blindly, many sites will end up with -100% ROI so always take calculated risk.

shinratensei_

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Quote from: JamirOn on September 06, 2016, 01:26:29 PM

BTC capital management businesses are booming nowadays it seems.

With several new one springing up everyday. With Lots or online advertisements and big lucrative claims to boost their case.

From 30% roi to 300% and even upto 600% roi a day. Leterally. ( Whoa!! )
To sweeten the deal even further, they even accept initial deposits as low as 30$!!

Combine that with something I read today about:
If ones wallet wasn't hacked, and some one conned u outa ur Bitcoins, it wasn't considered Criminal!
BTC are considered fair game, in the eye of the law. Hanging for grabs, so to speak.
According to the random post mentioned Roll Eyes

That being said, I wonder how legit their claims are?
How do they do that?
Can trading crypto-currencies only make you 300-600% profits on a daily basis consistently?
What're the legal position or consequences of a fraud occurring in the BTC paradigm? Where the law stand on these issues?

If u ask me personally, this is has Ponzi scheme written all over it. But I'm not a markets wiz , so whom I to say, right??

Seems like just a scam but a lot of scammers is already having a similiar word like that... it's not always related into ponzi scheme but it's always related into scamming purpose... let's stay away...

Backside walkaround

full member

Activity: 196

Merit: 100

Quote from: Jhanzo on September 06, 2016, 01:31:44 PM

If you're talking about those services which promises to multiply your bitcoins, they're mostly scam.

Anyone promising that kind of return is almost 100% scammy. So round up and call it all of those claims are scams. There's no way you can earn that money *safely* without the thing being some kind of ponzi scheme, and if it's in the world of bitcoin, it's DEFINITELY a ponzi. They are everywhere.

blackmachinegun

hero member

Activity: 532

Merit: 500

I think it might be a business can benefit greatly and they are promising gains of up to 600% per year. I would invest in it if they can prove that they have a real business and they're running a business. of course I will try to invest in it

Doamader

hero member

Activity: 756

Merit: 501

Those rates are pure scam offers, and most people do believe the companies fakes are with an amazing skilled traders able to earn 10% daily with altcoins, but the reality is that they just wanna your bitcoins and nothing else, soo each deposit for them its pure profit as they can stop withdraw saying a problem were found and run away.

ajun96

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Quote from: Jhanzo on September 06, 2016, 01:31:44 PM

If you're talking about those services which promises to multiply your bitcoins, they're mostly scam.

dude thats right you should be careful with third parties that provide promise for bitcoin mu mu could double within a few days or provide ROI in a short time, it is very likely that they will be a scam and will probably count against you?

Carlsen

hero member

Activity: 910

Merit: 501

If somebody offers such high rates there is always the question why he needs other peoples money.
And the answer is, that this person is only up to your money. Nothing else.
All those promises are just a trick to get your money. Always.
My advice: do not invest your coins. Keep them or turn them into fiat.

Gahs

sr. member

Activity: 294

Merit: 250

Minter

Quote from: JamirOn on September 07, 2016, 11:04:26 AM

Today I read a price in bittelegraph about the those who can conned by Hashcloud filing a petition to get FBI and Interpol to catch those who ran Hashcloud ( not sure if company name is correct though)

Those Hashcloud ppl ran off with 40-60. Million dollars !!!
Such huge scam should be enough for FBI to pursue them and get whomever else worldwide involved if they were serious about bringing em to justice.

Which brings the concerns of lack on the legislation side when it comes to crypto currencies to light. Yet again.

Either "the system" exploiting such misfortune te events to discourage bitcoin wide adoption or probably if pushed hard to seriously investigate a compromise bargain to give up anonymity in exchange for instituting a law against cryptocurrencies fraud.

Isn't a cryptocurrencies a form of property after all? Why established laws aren't enforced in theses cases?

The same law that applies to theft of properties applies to crypto and Hashocean will be brought to book. You can file a lawsuit against anyone who steals from you provided you have evidence.

The anonymous nature of crypto makes this a bit tricky Roll Eyes

Doamader

hero member

Activity: 756

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Any program offering more then 3% montly usually its just a scam, as i do know banks some of them pay up to 5% monhtly, but for high accounts, soo any program offering 1-3 % daily are scam, they wanna your money to give fake interest and run away.

whenberich

newbie

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Merit: 0

Quote from: Jhanzo on September 06, 2016, 01:31:44 PM

If you're talking about those services which promises to multiply your bitcoins, they're mostly scam.

yeah, it is ponzi or hyip scam, ppl never learn until lose if they are greedy.

purebitco

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Quote from: Shiroslullaby on September 07, 2016, 11:44:28 AM

600% is definitely in the "too good to be true" category.

Any of these investments promising to
"double your money in a day just send us your bitcoins",
are a scam.
I assume they are a Ponzi scheme, at best.

thats true, it is just another ponzi scam thats why i never put my money into any of such websites to not lose it all

Shiroslullaby

sr. member

Activity: 434

Merit: 250

600% is definitely in the "too good to be true" category.

Any of these investments promising to
"double your money in a day just send us your bitcoins",
are a scam.
I assume they are a Ponzi scheme, at best.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

Even those legit trader and banker knows that theres no such thing as double your money in a few weeks or days what more if a company will offer 600%. Those numbers are very high and achievable that even Warren Buffett will scratch his head as to why people keep falling to this kind of scheme.

crairezx20

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Activity: 1638

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Quote from: goinmerry on September 07, 2016, 10:23:08 AM

Quote from: Jhanzo on September 06, 2016, 01:31:44 PM

If you're talking about those services which promises to multiply your bitcoins, they're mostly scam.

Here is the simplest answer. It is too good to be true. You might want to stay away from it or else you will lose everything you got. Problem is people got tricked too easy.

Yeah provably better to stay away for those scam there is no legit are giving high roi for your investment .
I experience many times outside in this forum when i was newbie.. so dont trust their word they are lier.

JamirOn

newbie

Activity: 23

Merit: 1

Today I read a price in bittelegraph about the those who can conned by Hashcloud filing a petition to get FBI and Interpol to catch those who ran Hashcloud ( not sure if company name is correct though)

Those Hashcloud ppl ran off with 40-60. Million dollars !!!
Such huge scam should be enough for FBI to pursue them and get whomever else worldwide involved if they were serious about bringing em to justice.

Which brings the concerns of lack on the legislation side when it comes to crypto currencies to light. Yet again.

Either "the system" exploiting such misfortune te events to discourage bitcoin wide adoption or probably if pushed hard to seriously investigate a compromise bargain to give up anonymity in exchange for instituting a law against cryptocurrencies fraud.

Isn't a cryptocurrencies a form of property after all? Why established laws aren't enforced in theses cases?

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: Jhanzo on September 06, 2016, 01:31:44 PM

If you're talking about those services which promises to multiply your bitcoins, they're mostly scam.

Here is the simplest answer. It is too good to be true. You might want to stay away from it or else you will lose everything you got. Problem is people got tricked too easy.

HeroCat

hero member

Activity: 658

Merit: 500

Well, yes - they are mostly scams, 600% ROI it is not real. Even in Forex market it is very hard to make good profit, when Forex market changes - some years ago in Forex market was many nice profit possibilities, but not now. There are also some other sites, which offer very high profit, but almost 100% are more or less developed scam sites. Shortly 600% ROI is not possible through Web. Grin

BingoDog

hero member

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Do you realy think that could be real and legtimate? Just use your common sense you will see that this is not possible, although looks very tempting.

goldcoinminer

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Activity: 952

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Never trust in that kind of investment, giving you a return that is too good to be true usually end into scam, he will just pay you in the first stage but once you fall to the trap they will take all your money, we should be contented with a little earnings because nothing is free in this world, it should be a step by step process.

Pursuer

legendary

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Where is my ring of blades...

Quote from: JamirOn on September 06, 2016, 01:26:29 PM

BTC capital management businesses are booming nowadays it seems.
With several new one springing up everyday. With Lots or online advertisements and big lucrative claims to boost their case.
From 30% roi to 300% and even upto 600% roi a day. Leterally. ( Whoa!! Huh

)
To sweeten the deal even further, they even accept initial deposits as low as 30$!!
Combine that with something I read today about:
If ones wallet wasn't hacked, and some one conned u outa ur Bitcoins, it wasn't considered Criminal!
BTC are considered fair game, in the eye of the law. Hanging for grabs, so to speak.
According to the random post mentioned Roll Eyes

when something is too good to be true, it really isn't. and be sure that there is something shady going on in the background.

Quote

That being said, I wonder how legit their claims are?
How do they do that?

they are not legit! simple as that.
think of it this way. if "you" had a way of making 600% profit every day what would you do?

think about if for a second.
if you had such a method you would invest $1 and make 600% profit today which makes it $7 and tomorrow you make another 600% making up to $49 and by the end of the week you are up to $117,649

now do you think someone with such a method that can make him $117,649 ($4,096 with 300%) from $1 needs other people for investment?

Quote

Can trading crypto-currencies only make you 300-600% profits on a daily basis consistently?

yes it is possible to make that much but not every day.

Quote

What're the legal position or consequences of a fraud occurring in the BTC paradigm? Where the law stand on these issues?

I guess that much be illegal if he is caught and people start an official police report on them.

Quote

If u ask me personally, this is has Ponzi scheme written all over it. But I'm not a markets wiz , so whom I to say, right??

that is right!!

rphk

full member

Activity: 210

Merit: 100

offering 600 percent ROI , it is not possible to any one to give that much ROI , these clearly looks scam sites , better not invest any money on those sites , because they are very risky , keep your investment safe by investing on legit sites.

gentlemand

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Welt Am Draht

Quote from: Jhanzo on September 06, 2016, 01:31:44 PM

If you're talking about those services which promises to multiply your bitcoins, they're mostly scam.

There is no mostly. I can't believe anyone would ask this question with a straight face.

The day HSBC offers 600% returns a day that are fully insured and guaranteed by congress is the day I might be inclined to take a look, but more likely they'll be laundering a serious amount of someone's drug money.

DebitMe

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Get Paid Crypto To Walk or Drive

First rule, if its too good to be true, it probably is. Another way to think about it. If someone could consistently return 300% to 600% daily. Even starting at a dollar they would control the entire worlds supply of money within a month. Why would they need your investment when they can make returns like that?

Simply put, its all a scam!

JamirOn

newbie

Activity: 23

Merit: 1

Quote from: Jhanzo on September 06, 2016, 01:59:58 PM

Quote from: JamirOn on September 06, 2016, 01:47:22 PM

Lara and BtcTrust as well?

One look at BtcTrust.biz and Larawith.me and I can tell that they're ponzis that will make people lose their money sooner or later, so yeah.

Totally agree with you.
But I'm still not clear on the criminality charge of those "services" in the eye of the current laws.

Certainly, if allow ppl to run a con on u it's ur fault.
But laws shouldn't make it easy for those criminals to operated.

As a counter argument and out of fairness: many of those websites operate fom countries with neutral to bad commercial legislation and lousy book keeping records.

Stand to be corrected though... Grin

Pro Gamers

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Activity: 700

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morir es descansar

there is no easy way to get money, just think first how a ponzi can manage to pay that outstanding 300% to 600% roi, where they will get these money to pay their clients in a long run?

JamirOn

newbie

Activity: 23

Merit: 1

Quote from: yayayo on September 06, 2016, 01:53:56 PM

In the Bitcoin scene a responsible Ponzi operator at least openly tells people that he is operating a Ponzi. Even that won't prevent people from investing in the hope to be quicker than all others... Cheesy

ya.ya.yo!

Hahaha

Ain't human nature a wonderful thing though....

Jhanzo

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Thank satoshi

Quote from: JamirOn on September 06, 2016, 01:47:22 PM

Lara and BtcTrust as well?

One look at BtcTrust.biz and Larawith.me and I can tell that they're ponzis that will make people lose their money sooner or later, so yeah.

yayayo

legendary

Activity: 1806

Merit: 1024

Common sense suggests if something is too good to be true it generally isn't true. So rest assured that 100% of these "businesses" are plain old HYIP-Ponzi scams. No matter how nice their ads and websites are, the return on investment will be negative for the majority of users. These actors are trying to prey on the naivety of people who have just heard of Bitcoin through mainstream media mentioning the moonish gains of the currency in the past. The "magic xxx% trading system"-claim has been around in the scam scene since decades, yet still people seem to fall for it out of pure greed. Ask yourself: Why do these people need investment if they have a trading strategy that is so extremely profitable? It's sad that at times even google can't keep search results clean from these obvious frauds.

In the Bitcoin scene a responsible Ponzi operator at least openly tells people that he is operating a Ponzi. Even that won't prevent people from investing in the hope to be quicker than all others... Cheesy

ya.ya.yo!

JamirOn

newbie

Activity: 23

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Lara and BtcTrust as well?

amacar2

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All those claims are fake and i suggest you to stay away from all the bitcoin doublers/hyip paying 4-5% per day/cloud mining etc sites. Most of them or all of them are just to scam there and can disappear in thin air overnight.

Jhanzo

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Thank satoshi

If you're talking about those services which promises to multiply your bitcoins, they're mostly scam.

JamirOn

newbie

Activity: 23

Merit: 1

BTC capital management businesses are booming nowadays it seems.

With several new one springing up everyday. With Lots or online advertisements and big lucrative claims to boost their case.

From 30% roi to 300% and even upto 600% roi a day. Leterally. ( Whoa!! Huh

)
To sweeten the deal even further, they even accept initial deposits as low as 30$!!

Combine that with something I read today about:
If ones wallet wasn't hacked, and some one conned u outa ur Bitcoins, it wasn't considered Criminal!
BTC are considered fair game, in the eye of the law. Hanging for grabs, so to speak.
According to the random post mentioned Roll Eyes

That being said, I wonder how legit their claims are?
How do they do that?
Can trading crypto-currencies only make you 300-600% profits on a daily basis consistently?
What're the legal position or consequences of a fraud occurring in the BTC paradigm? Where the law stand on these issues?

If u ask me personally, this is has Ponzi scheme written all over it. But I'm not a markets wiz , so whom I to say, right??

Topic: How legitimate those 600% ROI claims are? (Read 1266 times)