Bitlake 10% Daily Payout! Too Good to be True?
I've been feeling pretty adventurous lately, so I've made a couple, what I would consider, risky investments.
One of those risky investments is Bitlake. Bitlake claims to mine Bitcoin, as well as have a trading bot that makes the investors money.
Here you can see the returns that they're promising:
This is highly risky, I know. They've been running for 10 days now. With 10% daily payout, I don't know how long they can stay in business, but you only have to wait 10 days to get your initial investment back.
For example, if you deposited $100, Bitlake says they will pay you $10/day forever. Sounds way too good to be true, I agree. I only invested .001 Bitcoin, and you can see that they deposited 10% into my account today.
I know I didn't deposit much. Can you blame me? It's just an experiment at the moment.
They also pay for two levels of referrals. That's also a red flag to me. How can all of this be sustainable? The reality is, it can't be sustainable for a long period of time. I'm hoping to get in and back out before they shut down.
Campared to Bitlake, Ambis seems like a slightly safer "investment". I wrote an post about Ambis here: https://steemit.com/investing/@bitcointycoon/make-4-daily-with-ambis-is-it-a-scam
If you would like to try out Bitlake, and you want to use my referral code, here it is:
https://bitlake.biz/?ref=moonpi78
Remember, only speculate with money that you are willing to lose!
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I also use bitlake since day 2... Just beware, this owner is the same at bitisland.
_Rob
Ok, is that bad? I'm just finding out about some of these, and I'm focusing on the newer ones in hopes that I can get my initial investment back, then use what's left to continue to invest.
Good luck to you!
You gotta get in day 1/2.. Otherwise you miss the most crucial time. I find new HYIP's on http://www.allhyipmonitors.com/
_Rob
Awesome! Thanks for sharing the website! You should post on some of these that you're into! I would love to hear more about your experiences.
That will only maximum the chance of breaking even, and hopefully some profit. Some have went down before even the day 1ers could even break even.
It can be a gamble, so never invest what you can't afford to lose!
@rcarter Hey man, thunderbit just started today! 10% daily. I jumped in and invested! Like you said, better to get in on day one or two! Here's my post about it: https://steemit.com/investing/@bitcointycoon/new-10-daily-investment-thunderbit-just-started-today
I would not add any new money to bitlake.biz. It has been up long enough that now those that got in early just ride (hopefully in the profits). But to put money in now is super risky to not get your principle back.
Just to drive the point home, trady.io (after about a 59 day run) went down today and it only offered half the rate of bitlake.
I saw that trady.io went down. I don't have a lot of confidence in Bitlake, that's why I only invested about $4. It really is just an experiment for me. Thanks for reading!