BitSigma Review. What is Bit Sigma?
BitSigma.io Scam Alert! Yes, BitSigma.io is a scam because it is an illegal and unsustainable scheme. It is a combination of two illegal schemes and those are Ponzi and Pyramid schemes. Now maybe you are thinking how it can be illegal when it has provided the company document registered from the UK Companies House. Well, anyone can provide third person identity and virtual address in order to register a company in the UK Companies House easily. For more details on how companies are registered in UK Companies House, you can click >HERE<
Other than the address that BitSigma has provided on UK Companies House document, it hasn't revealed the real information about its owner and company's location. We can say that because it has concealed its owner details within WHOIS. If it is providing the real owner details on its website, there is no reason to hide the same information on WHOIS. In the online business industry, only scam companies hide their owner details, not the legit ones.
Still not convinced yet that BitSigma is a scam? OK, let's find out more about it in our BitSigma.io review as below which will prove why is Bit Sigma a scam.
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BitSigma login and join in link:- BitSigma.io (Not recommended to join, it's a scam)
Actually, we already made you clear that BitSigma is an illegal company because it is a combination of two illegal schemes, Ponzi and Pyramid schemes. Now, let's make you clear why is BitSigma a Ponzi and Pyramid scheme as below.
BitSigma is a Ponzi scheme because it doesn't have any real source of income to pay profit to its members and it is just paying a few members by routing the money between the members. Even it is paying few members only to show the payment proofs so that it can lure more people into its scam. These kinds of companies never can pay the majority of members because each time they pay the profit to one member, they use investment of other members due to which they will create a debt in the system each time they pay the members.
We can say BitSigma hasn't any real source of income because it claims it can make a profit to pay up to 12% daily forever on the investment amount members by investing in cryptocurrency mining and trading. Well, that is the completely bogus claim. None of the genuine companies investing in cryptocurrency can guarantee such a high rate of return. For example, the genuine cloud mining company like Genesis Mining never can guarantee such a high rate of return on daily basis and that is also forever.
If some company actually can generate to pay up to 12% daily, then they will not collect the investment from several people and pay them that 12% profit daily. Instead, they will just use credit card money or take a business or personal loan from a bank and pay there 1% monthly and make a profit for themselves. There is no reason to pay 12% daily to raise a fund instead of paying 1% monthly. Ponzi schemes always fail to pass this logic test and prove themselves to be a Ponzi scheme.
BitSigma is also a Pyramid scheme because it claims to pay referral commission up to 3 level of downlines but without selling any real products or services, just on the sales of its Ponzi ROI plans. Any companies when offering the referral commission up to multi-level downlines without selling any real products or services then that company falls into an illegal scheme category known as Pyramid scheme.
Legal authorities have already issued a warning to stay away from these kinds of companies. Involving in these kinds of companies is a crime. That's why we have listed BitSigma within our Bad and Scams category.
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