What Is Bytes Capital? Is Bytes Capital A HYIP Scam?
The London Investment company, Bytes Capital, is going viral recently and traders are asking us if it’s another HYIP scam or a genuine opportunity. Read this important review to learn what is Bytes Capital before you fund an account with Bytes Capital. Let’s get straight to the facts as we noticed that many sites that endorse this site, didn’t do a great job of relating accurate information to potential members.
Bytes Capital Review
What Is Bytes Capital?
Name: Bytes Capital
Website address: bytescapital.com
Price: $10 (minimum)
Referral commission: 10%
Overall Rank: 0 out of 100
On first look when our team navigated to the Bytes Capital website, we were somehow amazed by the simplistic design, features and elements. In fact, whether or not you decide to join, you should visit the site and your eyes will literally open wide!
We checked Alexa.com and they maintained a consistent ranking, currently better than most binary options brokers or services.
I have done some research and I would like to highlight a few red flags about Bytes Capital in this post.
Read on to learn more about this Bytes Capital scam.
NOTE: HYIP is an investment program that offers high return with a correspondingly high level of risk.
How to Invest and Make Money With Bytes Capital?
The minimum investment amount is only $10 and the maximum amount is $500,000. There is no limitation how many times you wanna invest with Bytes Capital. You can make as many deposits as you want.
Additional deposits into an account will be treated separately and its daily sales calculated and paid depending on its investment date. It is not possible to merge one of your investment with another one.
Withdrawal requests process within 6 hours without any fee, most times it will take 1 hours to process. You can make as many requests as you want everyday and without minimum withdraw amount or limitation.
Your daily investments earnings will be added to your Bytes Capital account balance automatically every 24 hours for 48 calendar days and can be withdrawn at any time.
Should You Trust Bytes Capital?
You should not trust this investment company.
The Bytes Capital is a high-yield investment program (HYIP). If you have read the definition of HYIP on Wikipedia, It is s a type of Ponzi scheme, an investment scam that promises unsustainably high returns on investments (ROI) by paying previous investors with the money invested by new investors.
The Bytes Capital 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. Why? There are a few red flags I managed to pick up
#Red Flag 1 – New Site and Unknown Identity
Bytes Capital is very new and looking at the date of registry, the website was registered in 2016-07-01.
The registrant’s name shows up as UNIREGISTRAR CORP. This is a clear warning that the scammer does not want to reveal his or her real identity to avoid detection.
#Red Flag 2 – Ponzi Scheme
Bytes Capital offers referral commission program. It is a good way to make extra money. By inviting more people to their investment programs, you will instantly receive a ref commission from every deposit your referrals made.
For a real investment company, this would equal giving away the entire (if not more) profit margin. 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 Bytes Capital 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 3 – Vague Investment Information
Obviously, there is a lack of details on how Bytes Capital manages the money from the investors. Bytes Capital tends to be vague about the strategies used in their program.
I tried to look for more information “About” Bytes Capital, 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.
Given that Bytes Capital is an Investment Service, it should be regulated by the Financial Conduct Authority (FCA). There is, however, no record of the company in the public register.
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, Bytes Capital fails to do so.
In an attempt to come up with a legitimate explanation of where Bytes Capital’s ROIs come from, the owner(s) are feeding affiliates all sorts of nonsense.
#Red Flag 4 – 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.
The Bytes Capital discloses their investment plans with no aim to hide its absurd and unsustainable returns. The provided calculator shows how it earns you a high ROI under their investment plan. To me, it is a total nonsense.
The funny thing is the investment plan returns a perfectly steady positive income percentage regardless of any external variable such as price volatility. Don’t you think this sounds a little fishy?
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.
I am not a huge fan of HYIP programs because I am a low-risk taker.
I have tried some of the HYIPs before and I have been scammed once. I hence did a thorough research and only discover some of these “investment” scams operate and steal our money.
Many people regard HYIP investments as a form of gambling and approach the investment with a similar strategy. It is also recommended to determine how much money you can realistically afford to lose, and never place any more than this at risk.
In addition to setting an overall investment budget, many people like to establish “stop limits” as well, which means that when your profits reach a specific plateau, you will take down all of your investments and profits.
Placing all of your investment dollars into one HYIP programs puts you at risk of losing all of your investment at once. Having the money distributed across several HYIPs will increase the likelihood that sustainable programs will offset the ones that close.
In addition to that, I also 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.
As I mentioned above, I am a low-risk taker. I don’t like the reliance on an HYIP in order to make money unless it is an extremely stable investment company.
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 you’re looking for a legitimate way to make money online without trying to qualify for online surveys or getting scammed by HYIPs then Wealthy Affiliate might be what you’ve been looking for.
When I carried out my initial investigation on Wealthy Affiliate, it was purely to see if the company was legit for a few friends of mine, however, I didn’t imagine that I was going to make much or ANY money with them when I first got started, but as it turns out – I did.
Well, I’m happy to say that I’m not the ONLY one making money in Wealthy Affiliate, as you can see from the pics below, and you’d be surprised at HOW many other people are making money too.
Extra Income as an Affiliate of WA
Just like Amazon, WA allows you to generate income as its affiliate member. Meaning, that if you make a sale, you receive a commission. If you don’t make a sale, you don’t make a commission.
The monthly investment to gain access to all the bells and whistles of WA is $47/month. You have the option to pay upfront and gain access to a yearly membership while saving on the total investment.
Here’s the commission breakdown for the sale of each membership.
- $175 upfront and recurring yearly commissions for the sale of an annual membership
- $22.50 upfront and recurring monthly commissions for the sale of a monthly membership
Here is a hypothetical breakdown of “monthly” income statistics for you based on just a 4-month recurring monthly membership commissions.
- 1 sale per day= $2,700/month
- 5 sales per day= $13, 500/month
- 10 sales per day= $27,000/month
I personally find I make more commissions through WA than Amazon as the training modules are solid and most of them stay with WA for more than a year.
Here are my recent affiliate commissions rewarded from WA. I generated $5,886 in my last 7 days and it’s actually ramping up over time.
As long as people are still a member of WA, I get rewarded the recurring monthly commissions. This is what I meant by sustainable income. There are more than three billion internet users around the globe. Making 1 sale per day is not difficult at all with the blueprints and the step-by-step guide from WA.
If this is an area you’re interested in, you could learn more about this through my 7-day free email course or you could join the program here. The guide is an excellent way to learn all the ins and outs of affiliate marketing and to get started in the field yourself.
It’s Your Turn Now
If you have any questions or comments, let me know in the comment box below.