BTC Hourly Review – Is it a Scam? Read This Before You Invest
What is BTC Hourly? Is it a scam? It is another High Yield Investment Program (HYIP) that promises an unrealistic fixed high return. Can they really generate ROI of 0.75% hourly forever? Read this BTC Hourly Review and find out why you should stay away from this internet investment scam.
Latest Update: BTC has stopped paying their investors. Many people have been scammed. Please share this post out to alert your friends and people around you. Stop them from putting money in BTC Hourly.
BTC Hourly Review
What is BTC Hourly?
Name: BTC Hourly
Website address: btchourly.net
Price: $1 – $2,000,000
Overall Rank: 0 out of 100
Arbitrage trading of cryptocurrencies, no doubt, is the fastest growing form of arbitrage trading globally today. However, not all cryptocurrency investment companies on the market are legitimate.
Obviously, there is a lack of details on how BTC Hourly manage the invested fund from the public. BTC Hourly tends to be vague about the strategies used in the investment programs and how they trade Bitcoins.
I have tried very hard to find out their investment strategies but they do not give adequate information on how their financial instruments work.
The official website of BTC Hourly looks professional, but there are many red flags you could pick up.
Let’s investigate the investment plans available on BTC Hourly.
BTC Hourly claims that they trade Bitcoins and pay up to 0.75% hourly forever. 6000% after 45 days. 9000% after 60 days. These may be good for short bursts of profit in mid-term earning range. However, that also sounds like an internet scam.
Who Is It For?
Anyone looking to make money online. I used to say this type of HYIP is for those that are desperate. I do not trust most of the HYIP on the internet because they are no legitimate.
This is also for those that have money to waste, so if you are planning on using the money for your groceries, please skip BTC Hourly and forget about HYIP.
This is also not going to replace your 9-to-5 job and it is not going to make you rich either. It probably will steal all your hard earned money and never come back again.
Should You Trust BTC Hourly?
You should not trust this investment company.
#Red Flag 1 – Domain Expiry Date
Why I said BTC Hourly is a scam because the registered domain is expiring on 01-feb-2018. If this is a legitimate business, why would they register the domain only for such a short period of time?
#Red Flag 2 – Ponzi Scheme
The referral program. This is a typical trick from most of the HYIP on the market. They offer to reward “referral fees” to investors for bringing in additional members.
That’s how a Ponzi scheme is operated. They new members to sustain the pyramid. They need “new” money to generate “returns” for the older investors by acquiring new investors. See illustration below.
#Red Flag 3 – Vague Investment Information
BTC Hourly provides very few details about how they run the company and how profits are generated. HYIP like BTC Hourly should always be able to explain how they intend to generate returns.
This is your hard earned money, please do not be afraid to ask questions. A genuine financial professional will usually be happy to explain in detail the investment program they are marketing. Unfortunately, BTC Hourly fails to do so.
#Red Flag 4 – E-Currency Account
You are required to open an e-currency account to invest. You have to know that e-currency accounts are often not licensed as a money transmitter. It is highly risky to invest your money through these unlicensed money transmitters, especially they involve international operations, which means it may be very hard, if not impossible, to get your money back.
#Red Flag 5 – High, Unsustainable Yields
I have years of experience in investments. Historically, investments in most large corporate stocks return less than 10% per year. Usually, HYIP scams offer between 1 percent to 2 percent daily profits to its members. As for BTC Hourly, they offers up to 0.75% hourly forever, of which it is extremely unrealistic.
At the time of writing, they have just launched two other investment plans:-
- VIP 1 Plan, that is only available for 100 investors where you can make 15000% after 8 Days + Principal Back.
- Top Profit Plan, that is also only available for 100 investors where you can make 16000% after 4 Days + Principal Back.
The higher returns that they claim on the official page clearly indicate that the investment is actually a Ponzi scheme or a junk bond that may never increase in value and has a high rate of default.
I am not a fan of these HYIP programs and it is very rare that I recommend them, because there are some things you need to know before you dive into this throwing your hard earned money around.
Based on my observation, it is very clear that BTC Hourly is an investment scam.
I have tried some of the HYIPs before and I have been scammed once. I hence did a thorough research and only discover how these “investment” scams operate and steal our money.
Why do people keep joining HYIPs knowing that they are Ponzi schemes?
All these Ponzi Schemes are aimed at people who want to get rich quick and do not want to take the tried & tested route of – hard work = success.
Most people want to make lots of money quickly and the legal options are often very limited (e.g. Lottery). When a product promises to give you exorbitant returns, people tend to believe it due to our greed.
However, most of the people end up losing their savings and hard-earned money.
I wrote an article on How to Invest Online Without Being Scammed. This should serve as a reference when you look for a legitimate investment company on the internet.
I don’t like the reliance on a Ponzi scheme in order to make bad money.
Instead, I do affiliate marketing (it’s different) and rely 100% on myself to build an income online. If you are interested in alternative ways to generate a real passive income online, you might want to consider running your own legitimate online business.
One powerful way to do this is through an approach called affiliate marketing. Affiliate marketing lets you earn money by promoting products from other companies. Any product you promote is going to be based on your opinion, and you are not required to stick with just one company.
If this is an area you’re interested in, you could learn more about this through my 7-day free email course. The guide is an excellent way to learn all the ins and outs of affiliate marketing and to get started in the field yourself.
If you are interested to know more how I make money through affiliate marketing, go here.
It’s Your Turn Now
Please share this article with your friends and family members so that they do not fall into the trap of another HYIP scam, BTC Hourly.
If you have any questions or comments, let me know in the comment box below.