Before you get trapped in another horrible Bitcoin scam, you need to read our complete Bitlake.biz Review. We have been investigating this new HYIP for a few weeks and our findings may surprise you!
If you are already investing with the Bitlake scam, don’t fret just yet. We have some interesting findings in our User Review section. However, if you have NOT invested with them yet, we advise you NOT to join. Don’t be fooled by the supposed good reviews out from the other HYIP review blogs. They are offering their referral link to you and will say anything in order to make you join.
What you are looking for is the truth. Please continue reading, as we don’t mince our words. If you would like to share your own experience with us, please send us an email or comment below!
Let’s get started!
Official Website: https://bitlake.biz/
Bitlake.biz is a HYIP or high yield investment program that offers an ROI (return on investment) ranging between 10%-15% Daily Forever! This sounds like a dream come true, especially with the ever rising value of Bitcoin! But before you get too excited, we need to take a long look at the facts to see if they line up to reality.
Over the past year, we have exposed hundreds of Bitcoin HYIP scams. All of them start out with seemingly good intentions, grand promises, and high ROIs, but all of them have closed since we reviewed them. Why is this? Why do all HYIP sites close?
We will answer this question below, as well as introduce a legitimate and regulated earning system that you can take part in! Don’t believe the lie that says all you have to do is put money in and do nothing. There is always a catch. Do your research and pay attention to the signs.
The Facts: Bitlake.biz Scam?
Before you sign up with any site, you need to ask yourself the following questions to determine whether a site is legitimate or fake.
1. Who is the owner or admin of Bitlake.biz scam?
During our investigation, we were unable to find a definitive answer to this question. This can only mean that the owner is deliberately choosing to hide his identity from his investors. This is NOT a good sign.
Would someone proud of their successful business want to hide their name? Of course not. Furthermore, why would anyone invest in a site that they do not know the origin of?
2. Is Bitlake scam Regulated?
The site claims to be a Bitcoin cryptocurrency trading site that uses it’s investors money to make profitable gains in Bitcoin which they then share with you. Any financial site that uses your money to trade with, should be regulated. Regulations protect both you and the owners of the investment site from fraud and other mishaps.
Bitlake.biz scam is NOT regulated. Worse yet, they try to pass off their UK business license as some sort of proof that they are legal. This couldn’t be further from the truth. There is quite a large difference between a regulation and a registration. When you invest with any site, you NEED to chose a regulated one so you know you are safe!
Trading or Ponzi scam?
After answering the question above, you then need to examine how Bitlake.biz pays withdrawals. Do they actually trade crytopcurrency like they claim? If so, where is the proof?
In the case of Bitlake ponzi scam, the answer is clear. They do NOT trade or invest in BTC. This is all a lie meant to trick you into thinking they are smart and savvy business men. In reality, they are just the owners of another boring Ponzi scam that recycles money around in a circle until people stop investing.
Is Bitlake.biz a Ponzi scam?
Yes. Bitlake is a Ponzi scheme. A Ponzi scheme is when your withdrawal is paid to you by giving you back some of your own money OR the money that someone else has recently deposited. They do not make NEW money by trading. They are using old money to pay withdrawals. That method works for a time but eventually, people will stop investing and they won’t be able to have enough money to pay any longer.
Is Bitlake.biz Paying?
At the top of this review we mentioned to those of you that have already deposited money into the bitlake scam not to despair. We have had some reports that they are currently paying withdrawals. However, beware!
They are paying withdrawals with new deposit money. Once they have decided the site is drying up, they will close it and take the remaining money for their own profit. When you use BTC online, you are giving up your chances of opening a dispute should the investment turn bad.
Just say NO to bitlake.biz scam. Don’t invest in it and don’t become one of their next victims. If you have money already in the site, take a withdrawal and pray it comes. But don’t put new money in!
The BEST Paying Websites!
Below you can browse through the TOP TWO trading systems that work. We personally work with both of them and wouldn’t have it any other way! They are the best!
eToro Review– A safe, regulated, and transparent forex broker that offers you the option of automatically copying trades. This is a hands-free trading system designed to help you make money without needing to sit on the PC all day! You can use it on your phone or tablet as well!
IQ Options – Regulated, secure, and trusted! You can’t beat this amazing platform to trade on. We love the interface and customer support is awesome! Check out our strategy that many people love and use daily!
Is Bitlake.biz a Scam?
The evidence is pretty clear. The site is NOT regulated. They are a Ponzi based system that could fall any day or time. Why trust a dubious site that lies to you about their business instead of just choosing a regulated trading site that pays? The choice is yours! Don’t become a victim!
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Stay safe online and as always…