CoinInvest Review – Another HYIP Scam That You Should Avoid

First of all, don’t get confused with CoinInvest.Biz and CoinInvest.com. They are both different entity. What I am going to talk about here is CoinInvest.Biz. What is CoinInvest? Is it a scam? It is just another new High Yield Investment Program (HYIP) on the market that is here to scam people’s hard earned money. Read this unbiased CoinInvest Review and find out why you should stay away from it.

CoinInvest Review - Another HYIP Scam That You Should Avoid


CoinInvest Review

What is the CoinInvest?

Name: CoinInvest
Website address: coininvest.biz
Price: $30 (minimum) and $30,000 (maximum)
Referral commission: 3%-5%-10%
Status: Scam
Overall Rank0 out of 100

I personally think it works exactly the same way as Amazing Deposit, but they don’t deal with foreign exchange but cryptocurrency

CoinInvest mainly focuses on Bitcoin mining. If you are not familiar with Bitcoin mining, let me give you a brief introduction to this topic.

With paper money, a government decides when to print and distribute money. Bitcoin doesn’t have a central government. However, with Bitcoin, miners use software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.

CoinInvest Limited claims that  they focus on building an extensive infrastructure that combines classic and modern approaches to Bitcoin mining, giving their investors a competitive edge in the marketplace and earn some cash.

It is pretty easy to “grow” or “invest” your money with CoinInvestt. All you need to do is to sign up by filling a simple form through their official website.

In order to transfer money to and from CoinInvest, you need to have an account with one of the following sites:

  • Perfect Money
  • Payeer
  • bitcoin
  • OKPAY
  • litecoin
  • BankWire

CoinInvest Review - Another HYIP Scam That You Should Avoid

It only cost a minimum amount of $30 to start your investment. With that, you can opt for different investment plans they offer.

The investment plans may be good for short bursts of profit in mid-term earning range. However, that sounds like an internet scam. Let’s investigate the investment plans available on CoinInvest.

CoinInvest Review - Another HYIP Scam That You Should Avoid

Depending on the investment plans you take, you can make up to 9000% interest for a 3-day investment plan with referral commission of 10%.

That’s totally awesome! Right?

So don’t get burned and actually read this blog post all the way through.

Read on to learn more about this CoinInvest scam. You might be one of the unlucky ones if you are not careful with these HYIPs on the market.

The official website of CoinInvest looks professional. However, all the red flags are there and all the warning signs are obvious. You can expect to lose your entire account balance within days of trading with this money-making scheme.

CoinInvest Review - Another HYIP Scam That You Should Avoid


Should You Trust CoinInvest?

The CoinInvest is just another HYIP scam. It is a fake investment company. From the official website, one can notice it is an HYIP investment scam that aims to steal your hard earned money.

#Red Flag 1 – Registration with Securities Regulator

The biggest issue I personally have is the fact they give you ROI when you invest with them. This means they are required to register with a securities regulator. At least, the website doesn’t indicate they are either.

Just for the heads up, these guys are not affiliated with airBITZ bitcoin wallet.

#Red Flag 2 – 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 3 – Ponzi Scheme

Since the rise of the Information Age, Ponzi schemes have adapted to a very popular internet model known as High Yield Investment Programs (HYIP).

HYIPs like Amazing DepositCoinHourly, 20Daily Coin, and Xatro are typical examples who run their system with Ponzi scheme. It normally comes with vague investment information (I will talk about this later) and unrealistic ROI.

In most case, they offer referral programs. 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 recruit new members to sustain the pyramid scheme. They need “new” money to generate “returns” for the older investors by acquiring new investors.

It is a fraudulent investment scheme where they pay returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.

It is a pyramid scheme that typically collapses in the end because it requires exponential increases in participants to sustain the business model. That simply means the scheme cannot go on forever.

The CoinInvest probably still pays their investors for now as the program is still relatively new on the market. When there is insufficient investment fund from the new recruitment to the older investors, the entire structure will collapse.

#Red Flag 4 – Vague Investment Information

Obviously, there is a lack of details on how CoinInvest manage the invested fund from the public. CoinInvest tends to be vague about the strategies used in the investment programs and how they help to generate interest by trading on the stock market.

I tried to look for more information “About” CoinInvest , all I got is just a vague information. Furthermore, they are not backed by a real and verified trader. There is no proof and information at all on who are running behind the scene.

They provide very few details about how they run the company and how profits are generated. HYIP like CoinInvest should always be able to explain how they intend to generate returns.

I have tried very hard to find out their investment strategies but they do not give adequate information on how their financial instruments work.

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, CoinInvest fails to do so.

#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 CoinInvest , they offer up to 9000% interest after 3 days, of which it is a total nonsense.

Be careful of claims that an investment will make “incredible gains,” is a “breakout stock pick” or has “huge upside and almost no risk!” Claims like these are hallmarks of extreme risk or outright fraud.

The ROIs 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.


Conclusion

I am not a fan of these HYIP programs. It is very rare that I recommend them because there are some things you need to know before you dive into this and throwing your hard earned money around.

Every investment carries some degree of risk, which is reflected in the rate of return you can expect to receive. If your money is perfectly safe, you’ll most likely get a low return. High returns entail high risks, possibly including a total loss on the investments.

Fraudsters like CoinInvest spends a lot of time trying to convince people that extremely high returns are “guaranteed” or “can’t miss.” They try to plant an image in your head of what your life will be like when you are rich.

Based on my observation, it is very clear that CoinInvest is an investment scam.


Why do people keep joining HYIPs knowing that they are Ponzi schemes?

GREED!

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.


Final Word

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.

Regards,

Alex

CoinInvest Review - Another HYIP Scam That You Should Avoid

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2 Responses

  1. Manny Sep says:

    This website is scam not paying coinhash.net. Do not invest you cannot withdraw you investment and profit. withdrawal is always pending.

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