With the relatively recent boom in cryptocurrencies there have been a lot of “investment” companies appearing. Some of them are legit, but most of them are scams.
What Is BestCoinInv? Is BestCoinInv a scam? Let’s find out in this quick review!
Price: Min 0.001 BTC
Is BestCoinInv A Scam? YES!
What Is BestCoinInv?
BestCoinInv claims to be an investment platform that specializes in Bitcoin mining, highly profitable trade in cryptocurrencies and online marketing.
They boast daily returns that range from 7% up to 12%. However it’s not actually what you think it is.
What Is BestCoinInv Really?
In reality BestCoinInv has nothing to do with Bitcoin mining, or investments of any kind in actual cryptocurrencies.
It is actually what is known as a HYIP or a High-Yield Investment Program.
Which is a specific type of Ponzi Scheme that boasts high return on investment (ROI).
Basically the scheme uses money from it’s new members to pay its older members the money that’s promised.
There’s no real investment in Bitcoin or any other cryptocurrencies, the only thing it has to do with Bitcoin is the fact that you can pay with it.
It Is Incredibly Risky!
I’m sure you will find a few people out there who claim that they have made a crazy amount of money with BestCoinInv.
Which might even be true.
Some of these schemes will actually make good on their promises for a while, and pay there members the money that they earn.
The problem comes with the fact that Ponzi Schemes like this simply won’t last.
At some point, the number of new members and money coming in won’t be enough to pay all of it’s members and it will collapse.
The risky part is that you have absolutely no way of knowing when that is going to happen.
Will it be before or after you earn all your money back?
There is also no guarantee that you’ll even get any of your money back in the first place.
Once it starts to go down hill, many members will simply stop getting paid, and at some point the creators will pick up and run off with all of the money that’s left.
It’s not a question of IF it will happen, it’s a question of when.
Should You Invest In BestCoinInv?
If you are someone who is simply trying to invest in Bitcoin or other cryptocurrenies, then you absolutely should not invest in this place.
My advice to you would be to use something like Coinbase to invest your money.
If you are someone who is completely aware of what an HYIP is and are willing to risk your money, I still don’t recommend this place.
However it is completely up to you to make that decision on your own. Just don’t go putting up any money that you can’t afford.
It nearly impossible to tell if this place actually pays its members, because members will say anything to get more people to join.
Even if they do pay members, it’s also possible that they pick and choose which members they actually pay.
So it’s basically like gambling your money.
Is BestCoinInv A Scam?
This is a Ponzi Scheme which by definition makes it a scam. Regardless of whether they pay people or not, they are still lying to make it seem like it’s a cryptocurrency investment platform.
At some point, the creators will run away with all of the money, and everyone will lose any money that they had “invested.”
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