Bitcoin Safe Investment Review Safe or Scam

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Bitcoin Safe Investment Review: Safe or Scam?

Bitcoin Safe Investment Review: Is it legit or Scam? Bitcoin Safe Investment is a platform designed for trading Bitcoin. It is supposedly located in UK, and has three investment plan with the promise of massive profits to investors. It also offers an affiliate referral program with the aim of getting more people to invest. Bitcoinsafeinvestment is supposed to be a platform that will help investors make money thanks to trading activities of people who run it.

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Why Bitcoin Safe Investment Is Unsafe

Just like many ponzi schemes, Bitcoin Safe Investment offers an alarming unrealistic returns to investors according to the investment plan. What this means is that, it offers 600% returns every seven days, which equals 85% per day. This is quite false as no legitimate business in the world can make you 85% a day. This alone is an indicator that Bitcoin`Safe Investment is a scam disguised as an investment plan. After the initial investors have benefited from it, schemes like this tend to collapse quickly, thus carting away with peoples hard earned money.

Fake Company

Though Bitcoinsafeinvestment is a company registered in the UK, the registration is only but few days old and it says nothing about the Company’s authenticity. Also, Bitcoin safe investment is not authorized by the Financial Conduct Authority to provide investment services, so it is an illegal offer without any regulatory backing.

Review Verdict

The Bitcoin Safe Investment is a SCAM

We have blacklisted bitcoinsafeinvestment.com

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Conclusion

Bitcoin Safe Investment is a scam. It works this way; Money is collected from people and some of it is redistributed through withdrawals. Once the deposits becomes little and slow, the platform is likely to collapse. Stay away from it!

Bitcoin Lifestyle review – a terrible SCAM, beware!

Take a look at this Bitcoin Lifestyle review to see proofs that this investment program is a scam.

Table of Contents

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What Bitcoin Lifestyle is about

The presentation of the program says that bitcoin is creating new millionaires and that you can be one of them. Within the membership in the Bitcoin Lifestyle group you allegedly will get highly accurate trading signals that will make you money.

Worst of all, the membership in this program is free. Because this is how they have a greater chance of getting your money.

Bitcoin Lifestyle scam

In reality Bitcoin Lifestyle is a scam. It is not free, we will explain that later. It is targeted at your money.

In fact, it is an old scam that is being rebranded over and over again. Our picture provides a proof, you will see that Bitcoin Trader, Bitcoin Future and Bitcoin Revival are the same scam.

No Robert Downey Jr.

The most daring element about the Bitcoin Lifestyle scam is that it has a fake Mirror article about Robert Downey Jr. allegedly concentrating on this program, because it will help his fans to make money.

It is a fake Mirror site, the article is not true, Robert Downey Jr. has nothing in common with Bitcoin Lifestyle. In fact, he is not the only celebrity that fraudsters have abused. They are lying about many more famous people using their system, although it of course is not true.

Bitcoin Lifestyle reviews

Another element that is supposed to persuade you about the trading performance of the group is Bitcoin Lifestyle reviews on its website. But again, they all are fake.

These same testimonials are being used across all variations of this scam and we have proved many times they are not real.

Our picture will provide you with a proof, stock photos are used to portray the alleged users of this program.

How they get your money

Finally, in the last part of this Bitcoin Lifestyle review let us explain how scammers plan to get your money. As we have already mentioned, their program is not free.

If you sign up for the membership, you will immediately be asked to deposit at least $250 with an unregulated broker, in our case it was Trade99.

If you send them your money, they will quickly make it disappear and they will ask you for more deposits. This is how the Bitcoin Lifestyle scam works, we know it based on testimonials from real users.

Bitcoin Lifestyle review conclusion

Bitcoin Lifestyle is a total scam, an old fraud with a new name. Don’t deposit any money with it, otherwise you will lose it.

If you want to try to make money in cryptocurrency trading, start on a free demo account with a regulated broker.

You have to practice until you have a solid strategy and an understanding of the risks, before you can move to real money trading.

Should I Invest in Bitcoin? Is It Safe?

Bitcoin has been proclaimed dead over 350 times. However, here’s the truth about how profitable it’s been to buy and hold Bitcoin (aka Hodl) at any point in time.

Bitcoin Hodl Calculator

Bitcoin Investment Simulator

Use the simulator below to find out how much money you could have made if only…

If you want a more detailed answer to the question “Should I invest in Bitcoin?”, keep on reading. Here’s what I’ll cover:

1. The Many Forms of “Investing in Bitcoin”

Before I begin, a word of advice: Bitcoin is a very risky asset type. It is extremely volatile and even the most solid Bitcoin investment should be treated as a high risk investment.

For example, in the past Bitcoin’s price fell over 80% in the course of several months (this happened a few times throughout its existence).

Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, watch this video. As a currency, the basic form of investing in Bitcoin simply means buying the coin. However, there are additional ways to invest in Bitcoin, as I will cover in the following chapters.

2. Buying and Holding (Hodling)

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here).

If you do decide to Hodl, the most important rule of thumb is this:

Don’t take anyone’s advice about what will happen with the currency. do your own homework, learn about Bitcoin and come to a conclusion for yourself.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep that in mind at all times.
  2. After buying Bitcoins, make sure to move them into your own Bitcoin wallet and never leave them on an exchange. If we’re talking about substantial amounts, my personal recommendation is to use a hardware wallet. If you can’t afford a hardware wallet, try a paper wallet.
  3. Make sure to buy Bitcoins only from Reputable Bitcoin exchanges. Sometimes paying a little extra is worth the security and piece of mind.
  4. Use Dollar cost averaging (DCA) – This means that you don’t buy all of your Bitcoins in one trade but instead buy a fixed amount every month, week or even day throughout the year. This way you average the price over the course of a whole year.

Here’s a short video to explain DCA:

3. Trading Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively trying to buy Bitcoins at a low price and sell them back at a higher price in relatively short time intervals.

Trading successfully requires knowledge and practice. The trading market is occupied by very large players who are just waiting for newbies to come in and throw their money away by trading aimlessly.

Here’s our beginner’s guide to Bitcoin trading:

4. Mining Bitcoins

For the past few years mining Bitcoin is profitable only if done on large scales. This means you will need to get expensive mining equipment and have access to free or very cheap electricity.

From my perspective, it’s much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment. If you want to learn more about mining watch this video:

Cloud mining

You may have heard of all sorts of sites that allow you to mine Bitcoins through the web. This is known as cloud mining and from what I’ve seen these sites fall into one out of two categories:

  1. They are complete scams that will run away with your money and will never actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will probably get more Bitcoins if you just use that money to buy Bitcoins instead of paying for the service (e.g. Genesis Mining, Hashflare).

If you want to learn more about my take on cloud mining, read this post.

5. Invest in Bitcoin Doublers / Grow your Bitcoins / HYIPs

Almost every other day I get a question about a site or company that claims to double your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of complex and obscure ponzi scheme.

These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web with the promise to give them good returns. They will then start off by paying these returns through money they get from new sign ups and create a big buzz around the site.

Usually they will also have some sort of referral program so that users can bring in their friends.

This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past 3 years (e.g. Bitconnect, USI Tech and more) and I have yet to find a site that I can say is legit or safe to invest in.

Any site that promises you something that is too good to be true is probably just a facade for scammers trying to steal your coins.

How can you find out if a site is a scam for yourself? Easy, use my Bitcoin scam test tool.

STAY AWAY FROM SITES THAT CLAIM THEY WILL DOUBLE YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

6. Frequently Asked Questions

How do I Make Money with Bitcoin?

Aside from what I’ve mentioned in this post there are several other ways to make money with Bitcoin such as:

  • Micro earnings
  • Owning a faucet
  • Signature campaigns
  • Affiliate programs
  • Gambling
  • Writing about Bitcoin
  • Bitcoin related services
  • Bitcoin Lending H
  • Bitcoin forks

You can read about these methods here.

How Much was a Bitcoin Worth in 2009?

On October 12, 2009 Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. This gave 1 Bitcoin the value of $0.0009.

Can You Convert Bitcoin to Cash?

Yes, Bitcoin can be converted to cash. If you’re looking for physical cash you can find buyers through Paxful or HodlHodl. If you’re just looking to convert Bitcoin into fiat currency (i.e. USD, EUR, Etc.) there a variety of Bitcoin exchange available.

7. Conclusion – Should You Invest in Bitcoin?

By now you can probably see that there is no simple answer to this question. It’s not just a matter of should you invest, but also a matter of how to invest.

Like I said in the beginning, start by educating yourself (you can use our free 7 day crash video course). Learn about the currency, what affects it, what are its advantages and disadvantages, etc.

After you feel you’ve acquired some basic education, it’s time for you and you only to answer this question. When you start out, start small and learn as you go. You’ll probably make some mistakes, everybody does.

You can consult with others and read information online but never follow someone’s advice blindly.

Have you had any experience with different investments in Bitcoin? If so, I’d love to hear about it in the comment section below.

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