Bitalpha Review: Genuine? Legit? Bitalpha.biz Scam
Bitalpha.biz Review: Without a doubt, Bitalpha is a scam, not a trustworthy company. Yes, we agree that it may pay a few members but that doesn’t make it legal or sustainable. It will stop paying sooner or later due to which the majority of members will lose their money. Why? Well, let’s find out the answer in detail through our Bitalpha review here.
Why is a Bitalpha scam?
Bitalpha.biz is a fraudulent website due to the following reasons:-
# Bitalpha is a Ponzi scheme which is neither a legal nor a sustainable scheme. Legal authorities have already warned the general public to stay out of the Ponzi scheme due to its unsustainable nature. The majority of members will lose their money in Ponzi scheme and only a few ones who join the system at first will make some few bucks due to which you will find out few people who promote and support some Ponzi schemes.
# We can say it is a Ponzi scheme because it doesn’t have any real source of income to pay profit to its members. It claims to pay up to 3000% profit after 20 days on the investment amount of members by using the money of members in its so-called cryptocurrency trading. But, it fails to provide the proof of the existence of its so-called cryptocurrency trading which proves it doesn’t have any real source of income and only can pay members by routing the money between the members which is not a sustainable business.
# All the Ponzi schemes like Bitalpha trick people by showing the real payment proofs because they pay few members at starting by routing the money between the members so that they can lure more people into their scheme by showing those payment proofs. However, it is practically not possible to pay all members in that way because when they pay one member, they need to use the money invested by other two members so that they can pay the principle and profit to that one member. But, whenever they pay members in that way, they will create a debt equal to the amount of profit that they use to pay the members. So, even Ponzi schemes like Bitalpha want to pay all members they can’t because day by day the debt will be kept on increasing and they will not have enough fund to pay all members. That’s why Ponzi schemes are illegal schemes.
# It has tried to trick people by showing the company’s registration document registered from the UK Companies House in the name of Bitalpha LTD. But, don’t fall for that trick. Lots of Ponzi schemes in the past had already turned into scams which were registered from the UK Companies House. Actually, it is very easy to register a company in the UK Companies House by providing the virtual address which you can rent from the virtual address provider services as well as by providing the third person identities. Even you can register a company in the UK Companies House without a big hassle. On top of that, such kind of registration is not the license to run an investment company like Bitalpha, but just a registration for the tax purpose. On the other hand, there is not any proof that proves Bitalpha LTD is linked with Bitalpha.biz website.
Now you know that Bitalpha is a Ponzi scheme. So, it is a scam. That’s why we have listed it within our “Scams” category which means we don’t recommend you to invest in Bitalpha.
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Actually, these days there are many Ponzi schemes online such as BoostMiner, HourBull, Wullex, Hooplex, MiningTower and so on. So, stay away from any sites which show you easy money.
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