If you are searching for the Bit Hammer reviews in order to find out the answers of the queries like what is Bit Hammer, either is BitHammer a scam or a legit, either is BitHammer.biz paying or not, either is there any BitHammer complaints or not, either is the business model of BitHammer legal or not, either is Bit Hammer Ponzi scheme or not and so on, then you are absolutely in the right place, because here within our BitHammer review, you are going to find the complete truth about Bit Hammer. Actually, we have listed BitHammer.biz within our Bad and Scams section and the reason for that you can find within our Bit Hammer review as below. However, after finding out BitHammer.biz is a scam, if you don't want to find out more details on BitHammer.biz, but instead, if you want to find out the good opportunities to make money online, then you can find the list of our recommended online works and businesses by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
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OK, now let's begin with our BitHammer.biz review in order to find out what is BitHammer in real and why is BitHammer.biz a scam.
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Bit Hammer login and join in link:- BitHammer.biz (Not Recommended to join)
Bit Hammer is a Ponzi scheme because it offers to pay up to 15% daily forever on the investment amount of the members, but fails to provide the real proof of its income source from where it can make such profit to pay back its members. Yep, it has claimed that it can make such amount of profit constantly from bitcoin trading and mining. But, that is completely a bogus claim and even it fails to provide the proof of that trading and mining. None of the bitcoin traders or miners ever can guarantee any fixed rate of return.
Even if we agree they can really make such amount of profit, then also why they need to collect the investment from the several people and pay them up to 15% daily profit and that is also forever instead of taking loan from a bank in much more lower rate, less than 1% monthly interest rate and use that money to multiply the profit? If they pay 1% monthly interest rate to the bank instead of paying 15% daily to the several investors, they can make much more profit for themselves. So, why aren't they doing that? Simply because they are lying about everything. They are just paying one member using the money invested by another member. So, each time they pay to their members, they create a debt into the system which ultimately make them collapse. However, they will not wait till the company collapse. They will only pay few members at starting only to gain the trust of more people so that they can collect more investment from several people and run away with the big amount of money. That is why BitHammer.biz is a Ponzi scheme.
Bit Hammer has provided the UK Companies House registration document as its legitimacy proof which is another big lie because that is not a license to run an investment company like BitHammer.biz, but just a registration for a tax purpose. Anyone can register company in UK Companies House by paying only 20 GBP and renting the address from the virtual address services. Yep, the address which Bit Hammer has provided as its company's address in that registration document is not its company's address, but just an address which it has rented from the virtual address services just to register company in the UK Companies House. In the past, there were tons of Ponzi schemes which had done such registration and now had already turned into scams. So, that proves having such document is not the proof of legitimacy, instead just an old trick to lure the people in an illegal scheme. So, we have listed Bit Hammer within our Bad and Scams section.
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