I’m planning to invest some btc in profitcoins. should I do it? - page 2.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: RodeoX on May 03, 2018, 02:12:57 PM

Good bye money! Cheesy

Profit coin lol, that's hilarious.

Well, for the operators it's actually quite profitable. Cheesy

It's however interesting to notice that there is an overall shift going on with these schemes. Instead of being an obvious scheme where they offer people insane returns in a matter of days, they have become a bit more conservative when it comes to the rewards they advertise with, and I expect this to drag on for a while. I wouldn't be surprised to see schemes offer 0.1% daily returns in order to look more legitimate, and they are probably better off like that.

The lower the returns are that you offer, the longer you can remain operational since you are paying out dust, and thus the more money can come in. People here are easy targets. If they see a scheme pay out consistently for months straight, they'll consider it to be legit, because hey, Genesis Mining is legit too right? It's operational for years! Cheesy

mobnepal

legendary

Activity: 1218

Merit: 1006

- Another HYIP with not possible 1% daily profit claim
- High minimum investment limit
- Guys don't forget the recent story of bitconnect scam Grin

Never get into any crypto based HYIP or mining scam. Stay away, smells ponzi here...

ereme

newbie

Activity: 30

Merit: 0

Before investing anywhere you should take a close look at the company & the team. For me they look good especially because the team is very good. Mahoney made a similar arbitrage software for T3 Trading & Splunk back in 2005 (or 2006, not sure) so I think those guys know what they’re doing. But you should check it yourself .

selezneve

jr. member

Activity: 132

Merit: 1

Quote from: miroslavt on May 03, 2018, 01:47:10 PM

I came across a news report about profitcoins.io and now I’m wondering if I should invest some btc there or not. What do you guys think?

Instead of investing your btc somewhere you should just buy more btc. When btc will hit 1M in 2020 you will thank me for this advice lol

merkuriya

jr. member

Activity: 87

Merit: 3

Quote from: fokinlipat on May 03, 2018, 01:59:28 PM

I would definitely not invest “some btc” (unless you are rich af) but first test it with a smaller sum.

Yep, I’m with you. I think they’re worth a try but you should test with smaller amounts.

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

If you're looking to legitimately invest, doing so in an exchange or an online crypto casino is a much better way to go (though what you'll earn from both will be less than what this Ponzi claims to give you). There's still risks involved with both lending to an exchange or a casino, but it's less than with the Ponzi you just listed.

Always remember- if it seems too good to be true, it most likely is.

jumbo

member

Activity: 79

Merit: 29

Quote from: miroslavt on May 03, 2018, 01:47:10 PM

I came across a news report about profitcoins.io and now I’m wondering if I should invest some btc there or not. What do you guys think?

Absolutely not. You can smell scam and see huge red flags from a mile there. But I do not need to tell you anything else, just talk to this screenshot:

What do we see here?

1. A promise of DAILY gains of 1% isthe first red flag. Simple logic test: if they could make that much, why would they need your money? If this product would work, why can't they get millions of dollars just this working product to some financial corporation to raise millions or simply sell the tech?

2. A progressive scale of return based on the investments amount. That is not necessarily a red flag, but it becomes one, when you check numbers (they are almost doubling from tier to tier). It is very likely a Ponzi scheme.

Also, there are unsupported claims of some Patents (can find any patent issued for their UK company),

And, even though they claim some UK founders, this project is likely from southern Asia. Just check their marketing thread with fake "reviews" on Quora: https://www.quora.com/What-are-your-experiences-with-profitcoins-io

Also, take a look here. Profitcoins.io is totally a scam: https://bitcointalksearch.org/topic/investment-in-profitcoinsio-3302193

Anait

member

Activity: 218

Merit: 11

None has suggested it as a right choice investing into profitcoins. Better is to go through the market and find some low value coins for long term holding. This surely profits in the long run, than investing into coins that haven't reached the market.

avdeeva

newbie

Activity: 32

Merit: 0

Just do the arbitrage yourself, it takes more time but the profits are higher and you don’t have to pay 25% fees like for profitcoins.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Good bye money! Cheesy

Profit coin lol, that's hilarious.

ManaMan

member

Activity: 238

Merit: 38

Anyone here see bitcoinnect in behind the scenes of this profitcoins, at least their principle is somewhat similar as they offer you the chance for you to give them your money to do the trade on your behalf. Tho they don't have so far ponzi model or something (from first glance at looking at the website) but is still risky in my opinion as I am fairly skeptical regarding things like this. Honestly I wouldn't trust this website much as you never know how does it really work. If you can stand to lose money with them you could test it out but for me I trust myself more than anybody else.

fokinlipat

jr. member

Activity: 187

Merit: 2

I would definitely not invest “some btc” (unless you are rich af) but first test it with a smaller sum.

ajochems

hero member

Activity: 1305

Merit: 511

Quote from: miroslavt on May 03, 2018, 01:47:10 PM

I came across a news report about profitcoins.io and now I’m wondering if I should invest some btc there or not. What do you guys think?

Personally I don't know about that one.There are lot of trusted sites,to inverse your money in bitcoin. And one more thing is,now the price of bitcoin is reach some maximum value now.The current price of bitcoin is 9600$.Investing the money in bitcoin is the right option now.When the reaches 10k,you get profith from it.

miroslavt

newbie

Activity: 30

Merit: 0

I came across a news report about profitcoins.io and now I’m wondering if I should invest some btc there or not. What do you guys think?

Topic: I’m planning to invest some btc in profitcoins. should I do it? - page 2. (Read 361 times)