What Is Twenty Bitcoin About? A HYIP Scam? Read Before You Invest
What is Twenty Bitcoin? Should you trust Twenty Bitcoin and invest your money in this investment program? Read this Twenty Bitcoin review and find out why you should avoid this investment scam.
Twenty Bitcoin Review
What is the Twenty Bitcoin?
Name: Twenty Bitcoin
Website address: twentybitcoin.com
Price: $5 (minimum)
Referral commission: 5% -2%- 1% – 1% – 1%
Overall Rank: 0 out of 100
From the official site, it is mentioned that Twenty Bitcoin is a company that is heavily involved in crypto mining and provides Bitcoin investment services from the United Kingdom. However, I have done some research and I would like to highlight a few red flags in this post.
Just like the BTC-Arbs, Twenty Bitcoin is a high yield investment program that delivers up to 14000% ROI with their 11-Days investment scheme.
The website seems to be well designed and looks very convincing in terms of information available on it. The minimum investment is 0.01 BTC or $ 5 USD and the site accepts direct Bitcoin transfers as well as money deposits from investors with no maximum investment amount.
The investment plans do sound too good to be true. The next question is will Twenty Bitcoin end up like BTC-Arbs scam where it survived only for a few months in the first quarter of 2014? Read on and find out more.
Should You Trust Twenty Bitcoin?
You should not trust this investment company.
The Twenty Bitcoin 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 Twenty Bitcoin 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
Twenty Bitcoin is very new and looking at the date of registry, the website was registered in 2016-06-12.
The registrant’s name is protected. I have tried to search for that company background on the internet and nothing shows up. 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
Twenty Bitcoin offers offer 5% -2%- 1% – 1% – 1% referral commission program. It is a good way to make extra money. By inviting more people to their investment programs, you will instantly receive 5% -2%- 1% – 1% – 1% 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 Twenty Bitcoin 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 Twenty Bitcoin manage the money from the investors. Twenty Bitcoin tends to be vague about the strategies used in their program.
I tried to look for more information “About” Twenty Bitcoin, 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 Twenty Bitcoin 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, Twenty Bitcoin fails to do so.
#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 Twenty Bitcoin discloses their investment plans with no aim to hide its absurd and unsustainable returns. The investment schemes show that you are able to earn 140000% ROI under their 11-day investment plan, of which 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 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 Twenty Bitcoin 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.
Don’t ever believe it.
Based on my observation, it is very clear that Twenty Bitcoin is an investment scam.
By the way, Amazing 5 started 6 months ago and now it is official shut down. It is now gone with a lot of money from many victims. This is a prime example of how these HYIPs scam your 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.
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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.
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I know I was …
Extra Income as an Affiliate of WA
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Here’s the commission breakdown for the sale of each membership.
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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.
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