CoinPay Hour Review Is It Scam Or Should I Invest

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Is Bitcoin Wealth a scam or legitimate to invest in?

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Reading the replies, I believe no one knows what Bitcoin Wealth is and start talking about Bitcoin itself.

Bitcoin Weath sounds too good to be true? That’s because it is a scam!

Any page offering 1% interest per day or in this case 0.3 Bitcoin, can only be a scam.

Another thing which points to a scam, is that they promoted USI Tech, which was a scam. It also promoted Bitconnect which was also a scam and now promote the ICO of BitconnectX which belongs to the same scammers who stole millions from Bitconnect.

There are several ways to make some money with Crypto:

  1. Hodl. Buy and hold a big coin like.

TBBOB

Fighting online scams since 2020

WARNING: BestCoinInv is a scam – review

This review of BestCoinInv explains why you should not invest money in this scam.

BestCoinInv Limited claims to be a company specialized in Bitcoin mining, trading cryptocurrencies and online marketing. These activities allegedly allow it to offer generous investment plans with daily returns ranging between 7% and 12% forever.

This means 210% – 360% per month and 2555% – 4380% per year. So, can you really multiply your investment 25x – 43x in a year with this program?

Table of Contents

BestCoinInv scam

Unfortunately, BestCoinInv is just another crypto scam that is going to fail, if it already hasn’t done so.

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You should know it just by looking at the numbers, 360% monthly forever is a number that is impossible to achieve. Certainly not in crypto mining. As a trader you can have a lucky month and do it, but it is impossible to repeat it every month. That’s just how it is.

Empty company

Crypto scams nowadays often use a tax registration from to United Kingdom to make themselves look legit, but they are not. Almost anybody can get a tax registration for company in the UK and it doesn’t say anything about the legitimacy or nature of the business.

BestCoinInv is providing investment services, which in the UK is an activity regulated by the FCA. But BestCoinInv is not registered with the FCA, it has no license, therefore it is an illegal business. Check our picture to see the proof.

How it really works

BestCoinInv is a Ponzi scheme, which means that it does no real mining or trading. It just collects money from the public and uses new deposits to pay old profits.

This is how it will go on until there is not enough new deposits, or until the owners decide to run away with all the money. It will collapse, it’s given by the nature of the scheme.

And forget about the numbers on their page, they certainly don’t have more than a million users, they launched just a few days ago. The Facebook likes are fake too, done by bots.

Conclusion

BestCoinInv is a Ponzi scam that will fail sooner rather than later and people will lose their money, because Bitcoin transactions are irreversible. Stay away from it!

If you want to see how Bitcoin and crypto trading really works, try a free demo with a regulated broker.

You’ll see that it takes some learning to reach profits in trading.

SCAM – AdTokenz.com Review- Scam or Paying

Adtokenz is a new revenue share program, created by the founder of Adfeedz! The concept reminds paidverts, MyBAPSpot programs.

What are the ways to make money with Adtokenz?

You can make money by buying a ptc ads.

Each $1 purchase will give you 100 visits and 2400 Tokens i.e. you will have 120% back.

To increase your earnings you need buy more PTC ads and will receive higher value ads daily.

1 Token is worth $0.0005.

You can either remain a free member and receive everyday 10 PTC ads with value of 5 tokens, but According to my experience with Adfeedz, I consider it worth to buy tokens earn some more money.

You can also earn commissions from your referrals 7% for every ad purchase they make and 5% per click.

What payment processors they use?

Adtokenz.com payment processors are Perfect Money, Payeer, and crypto-based digital wallets (BitCoin, LiteCoin, Ethereum etc.) through CoinPayments gateway.

Minimum cashout limit is $5 and have withdrawals fee of 5%. All withdrawals are made manually within 7days. Usually the same/next day depend on our task load.

You can join Adtokenz Here -> JOIN NOW

Disclaimer: This article should not be viewed as an endorsement of any of the services mentioned. Please do your own research before considering investing any funds. You should never make an investment into any online program if you do not know what you are doing.

NEVER invest what you CANNOT afford to LOSE in these programs!

Please, share your opinion, payment proofs if you have, and rate it in the comments below to help people know more about it.

Leaving comments you will automatically participate in an activity contest in which we give cash prizes to the most active users every month!

Check here the top active members and the prizes ? Activity Contest

Not received payment yet I request $5 on 29/11/2020 and to this moment no payment received this owner is big scammer all his projects not give any profits

If not paying then it can be declared scam and added to scam site list

I am a member of AdTokenz since 13.9.2020. I made 2 withdraw requests: 1. 3.10.2020 – received money in about 24 hours! 2. 27.12.2020 – recevied money in about 3 days. This is a PAYING site not scam!

I agree with your assesment that if the admin pays members selectively, then the project is a scam. However I am telling you that the project is paying it’s members and on the site you can also see a lot of payment proof posted by members: https://www.adtokenz.com/paidouts . (And I know some people which uploaded these payment proofs and I claim, they are REAL people and real payment proofs).

Also I have checked the internet if other people might have same problems as you have encountered and I did not find similar problems reported.

conclusion: I believe that you encountered problems with this project, but one negative oppinion from you should not be the reason to classify the project as scam. Expecially as there are many people saying the opposite – that the project is good and paying and also since many payment proofs available show the payments long time after you encountered the problem with the project.

Also the experiences from the past have taught me that many people often try to cheat the system in such projects and when the admins catch them, block their account and of course not pay them, they start screaming all over the internet that the project is a scam. I am not saying you are such person, all I want is to explain one of the possibilities why the admin would not respond to your support requests.

Bytecoin: A Scam Or A Mismanaged Crypto Project?

CoinSutra » Cryptocurrency » Bytecoin: A Scam Or A Mismanaged Crypto Project?

Crypto scams are not new. There have been a lot of them in the past, and there will be many in the future if we are not careful.

Having said that, a significant number of people consider the entire cryptocurrency industry a scam.

But having spent almost two and a half years in this industry, I would beg to differ.

Yet, I would not refrain from agreeing with the fact that many projects in the cryptoshphere intend to scam the investors.

And to find out such scams, one should have an eagle’s eye to discern their reality.

But we understand having that mindset is not easy and that’s why we at CoinSutra do that part for you.

In line with that, our discussion point for this article is Bytecoin.

For those of you who don’t know what it is, here is a simple overview.

What Is Bytecoin?

Bytecoin (BCN) is an old generational cryptocurrency launched in 2020.

It is a privacy and anonymity-focused decentralized cryptocurrency implemented upon the CryptoNote protocol.

CryptoNote is an application layer open-source protocol that powers several decentralized, privacy-oriented digital currencies.

But, if you ask people about Bytecoin, they would probably say that it is a privacy-centric fork of Bitcoin based on the SHA-256 proof of work.

They couldn’t be more wrong. Both of them are fundamentally different.

Bytecoin is made up from scratch using CryptoNote. It was launched in July 2020 to fill in the gaps Bitcoin had.

Also, Bytecoin mining is quite easy, and they can be mined with GPUs. It doesn’t require ASICs miners like Bitcoin.

Bytecoin Minning Mess

Bytecoin specifications are drastically different from Bitcoin.

Bytecoin has a humongous supply of 184.47 billion BCN coins and a block time of 120 seconds in contrast to Bitcoin’s 10 minutes.

But unlike Bitcoin, Bytecoin has a very shady mining history.

It is alleged that Bytecoin had done 82% pre-mining of BCN coins before the public launch.

These stats come from Monero’s Lead developer, Riccardo Spagni, better known as FluffyPony:

Well, not much of a rumour – the reality is that 82% of the coins were already mined before its “public” release. Even if the premined coins weren’t done so maliciously, it still means 82% of the coins in the hands of persons unknown and invisible. It basically centralizes a decentralized currency.

And he further added:

Why listen to Spagni, you may argue.

Well, that’s another interesting story. Monero itself is a fork of Bytecoin!

The next question would be why trust a coin like Monero which is forked out of such a heavily pre-mined coin, i.e. Bytecoin.

Well, the reason is the same.

Monero (formerly known as Bitmonero, which forked out of BCN) wasn’t comfortable with this shady mining and that’s why Riccardo Spagni and other like-minded people drifted away to create Monero.

Monero is also an application of CryptoNote protocol and so far is the most innovative application of it. Here is a full Monero story: Monero Cryptocurrency: Everything You Need To Know.

I think these are enough reasons to have pragmatic eyes on Bytecoin.

However, there is more to it.

Recent Pump & Dump With Binance

Recently in May 2020, Binance tweeted:

Due to Bytecoin (BCN) network issues, deposits and withdrawals are experiencing severe delays. The Bytecoin project team is working to resolve the issue. Please be cautious of high price volatility and trade with caution.https://t.co/ZaUk3p2Wln pic.twitter.com/dhbAfd8naA

Upon further digging we found out that Bytecoin’s so-called team had also furnished this statement:

The network is experiencing an unusually high load. Transactions can be delayed, node synchronization can lag far behind.
The team is working hard to solve these issues.
It’s strongly recommended to avoid any transferring of BCN until the situation is resolved.#BCN #Bytecoin

And you would know from these tweets that something actually went wrong.

On 8th May 2020, Bytecoin was listed on world’s biggest crypto exchange, i.e. Binance, and in a matter of 24 hours, its price rocketed more than 30 times. The trading volume also reached its all-time high of 600 million dollars.

The spike resulted in suspended deposits and withdrawals on major exchanges such as Binance and Poloniex, leaving investors with bags of BCN which they couldn’t sell.

It was almost days before the prices returned back to normalcy but by then the investors who tried to catch the BCN train had been Rekt. And this is evident from these messages from BCN holders.

Planned manipulations of markets raised speculations against Bytecoin and Binance. Bytecoin’s development team then responded:

Dear Community. We’d like to clarify situation with the Binance/ #Bytecoin price. We don’t have any influence on one or the other’s price. We are responsible for only our software and all we are doing now is trying to fix everything ASAP, please excuse us for any inconvenience.

Infinite Inflation Bug

Later on 18th May 2020, CryptoNote-based coins had a problem – “infinite inflation bug”. Infinite inflation bug is “a critical bug that affects all CryptoNote-based cryptocurrencies, and allows for the creation of an unlimited number of coins in a way that is undetectable to an observer unless they know about the fatal flaw and can search for it”.

Monero was the first CryptoNote coin to fix this issue. It also suggested that Bytecoin hadn’t fixed this issue after repeated reminders.

If you’re trading Bytecoin you’re about to get bitten, the infinite inflation bug still hasn’t been patched by them.https://t.co/VtuRpEMclk

The next day of this heads-up gave birth to 1 million new BCNs with claims that the BCN devs themselves indulged in this activity instead of fixing it.

Within hours of privately disclosing to CryptoNote currencies, 693 billion BCN ($1 mil+) was artificially created. pic.twitter.com/O8MOTKGfxi

Bytecoin Team Scandal

Bytecoin team is alien.

Upon digging, I could find this bare page of the community which clearly shows they are not interested in revealing their identity.

Also, I highly doubt how many of these listed faces and names are true as I could not find details when I tried to find more information on Jayson (developer).

Plus, I found this on Cryptocompare.com :

The comments and findings are highly questionable.

Moreover, Bytecoin team’s responses have not been there at all when they have been alleged of such things and this kind of behavior validates their intentions.

That’s why I think Bytecois is both – a highly shady project and is run by a highly incompetent team of developers.

Lastly, when you have so many good projects in the cryptosphere to invest in, why waste your time in a coin you are not even sure of!

Now it’s time to hear from you: What do think about Bytecoin’s future? Are you a bagHODLer of Bytecoin or are you planning to be one? Do let me know your thoughts/comments in the comments section below.

And stay tuned to CoinSutra for more cryptocurrency discussions!

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An award-winning blogger with a track record of 10+ years. An international speaker and author who loves blockchain and crypto world.

After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.

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