BTCMidas Review is here to reveal the truth about BTCMidas.com scam company. Yes, BTCMidas is a scam, not a genuine or 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 BTC Midas review here.
Why is a BTC Midas scam? What is BTCMidas.com in real?
BTCMidas is a fraudulent website due to the following reasons:-
# BTCMidas 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 BTCMidas is a Ponzi scheme because it doesn’t have any real source of income to pay profit to its members. It claims to pay huge profit like 50000% profit in 3 days on the investment amount of members/affiliates by using the money of members in the Bitcoin trading market and Forex trading market. But, it fails to provide proof of the existence of its so-called investment in Bitcoin trading market and Forex trading market. On top of that, none of the experts in the Bitcoin trading market or Forex trading market can guarantee to pay a 50000% profit in 3 days. So, the business claim of BTC Midas doesn’t make any sense and prove itself to be a Ponzi scheme. This 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 BTCMidas 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 BTCMidas 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 like BTCMidas are illegal schemes.
# Legal authorities have already issued warnings to the general public to stay out of Ponzi schemes like BTCMidas. So, if you still don’t believe us, you can ask the legal authorities in your country to check the business of BTCMidas, then you will find out the reality yourself.
Now you know that BTCMidas is a Ponzi scheme. So, BTC Midas is a scam. That’s why we have listed BTCMidas within our “Scams” category which means we don’t recommend you to invest in BTCMidas.
If you want to report something about BTC Midas or add your own BTCMidas.com reviews, then please feel free to leave your comment below. You can also comment below to report about similar kinds of scams or even to report about any kinds of scams. After all, we are here to spread awareness about the scams. So, let’s do it together. Let’s save innocent people from scams.
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