BtcClock.IO Is A Scam! R.I.P Money (Do Not Invest)
Good Morning SteemIt,
Today unfortunately I bring some bad news, It has come to my attention that a service I and many others have been using for a few months now has been flagged as a "Scam". BtcClock.io was a site where you could invest your BTC and gain a small profit every minute. With small investments up to some large, the site was always on the boarderline of being legitimate or a scam.
I started to test the site a few months back with a small investment, I wanted to see what the whole service offered and if they were a scam. Over time i gained my investment back and the service as a whole, even though simple was producing results. But then came late July, the period in which many people started to notice that they couldn't withdraw any of their investments. But the strange thing was, BtcClock.IO had no update, news or anything to say why on their website had stopped paying. This caused huge worries for the people who did invest a large amount and did raise many questions.
Skip a few days and some investigation, we received a message from the BTCClock.IO developers, but it was hidden away on their VK.com site and was in Russian (Even though they stated they were based out of London), below is a translated version.
Apart from this, on the front end BtcClock.IO seems to still be operating and this is the worrying thing! They are allowing users to send BTC to their account but will never let them take it out again. They also are posting news articles stating "Your BTC is safe with us" AFTER their annoucement on VK.com.
I do warn that they have already made many other sites since this and I would recommend to everyone, do your investigation thoroughly before sending any sites like this your hard earned money.
Over time, I shall be doing the same, i will be investing into potential sites and testing them out, so if you are interested then feel free to hit the Follow button!
Thanks guys and see you in the next post!
~Alex
Nice & Informative post.
In my experience, these kinds of schemes are always Ponzi. Never ever invest your money in such schemes however legit they seem. It is never realistic to expect an earning of 3-4% daily interest on your money.
Just a few lucky ones, who enter early into such schemes are able to get their money back or sometimes earn some profit too. But, in my opinion, those early birds are the people who spread the news of such schemes to others because of referral bonuses. So, in essence, these early birds just provide the shoulders for these scheme builders to put their gun on and kill the money of the referred ones :D
Just an observation....
good content
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