If you are searching for the BitcoinLand reviews in order to find out either is BitcoinLand a scam or a legit, what is BitcoinLand in real and so on, then you are absolutely in the right place because here, within our BitcoinLand review, you are going to find out the complete truth about BitcoinLand. Actually, we have listed BitcoinLand.biz within our Bad and Scams category because it is a combination of two illegal schemes known as Ponzi and Pyramid. If this much information on BitcoinLand is enough for you and now instead of finding out more details on it, if you want to find out the real opportunities to make money online, then you can click this link:- newsonlineincome.com/legitimate-work-home-businesses/
Although we have listed several companies within our Good and Trusted Online Works section, but also our No.1 recommendation is Wealthy Affiliate and if you want to know why, then you can find our detail review on Wealthy Affiliate by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
OK, now let's begin with our Bitcoin Land review as below in order to find out what is Bitcoin Land in real.
BitcoinLand login and join in link:- BitcoinLand.biz (Not Recommended to join, it's a scam)
BitcoinLand is a combination of two illegal schemes and those are Ponzi and Pyramid schemes because it offers daily ROI on the investment amount of members, but fails to provide the verifiable source of income to prove that it is really making profit to pay those ROIs. The only verifiable source of income is the money invested by the affiliates. So, it proves that they are paying existing members using the money invested by new members which is a Ponzi scheme.
Well, if some company can make 0.84% hourly (20% daily) profit, then why they don't want to take a loan from a bank, instead why they want to collect the investment from several people and pay them 20% daily profit? If they take a loan from a bank or use their credit card money, they no need to pay more than 1% monthly interest rate, so instead of that why they want to pay 20% daily interest rate by collecting the investment from several people? Although they claim that they can make such huge amount of profit by trading bitcoins, but also they fail to provide any proof to support their claim. On top of that, any bitcoin traders know that is completely a bogus claim because no one can make guaranteed 20% profit daily by trading bitcoins. So, their business model is crystal clear to be a Ponzi scheme. If you don't know what is Ponzi scheme, then you can click this link:- newsonlineincome.com/ponzi-scheme/
Bitcoin Land offers the referral's commissions upto 3 level downlines. Level 1 means the referrals that you directly recruit, level 2 means the referrals of your level 1 referrals and so on. But, unlike the legit MLM (Multi Level Marketing) companies where they offer the referral's commission on the sale of real products or services, here in BitcoinLand, they offer referral's commission on the sale of their ROI Ponzi plans which makes them another illegal scheme known as a Pyramid scheme. If you don't know what is Pyramid scheme, then you can click this link:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
If you try to check the owner details of BitcoinLand.biz within their website or within their WHOIS details, then you will not find any real information about who and from where is operating BitcoinLand. It is not surprise to see that they want to hide their owner details. After all who want to come upfront and show themselves if their intention is to scam people, right? They claim to be a registered company from UK Companies House. But, it is not a big deal to register company in UK Companies House because if you can pay 20 GBP, you can easily register company in UK Companies House for which even you no need to provide any real address, but just can rent address from any virtual address services and use that address to register company in UK Companies House. In the past tons of Ponzi schemes had already turned into scam which were showing such UK Companies House document. So, it proves that having such UK Companies House registration doesn't stop anyone to scam people.
The companies like BitcoinLand pay only to few members at starting so that they can lure more people into their scam by showing the payment proofs. But, once they collect the investment from several people, they will just stop paying without providing any notice and run with the big amount of money. So, we have listed BitcoinLand within our Bad and Scams category.
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