AdvancedBit Review. Is AdvancedBit.net Scam?
There is no doubt that AdvancedBit.net is a scam, so definitely it is not legit.
Actually, we have already provided the short AdvancedBit.net review within the Ponzi Scheme list of 2018 which you can find clicking >HERE<. However, we are providing the detailed Advanced Bit review here in this post.
So, now maybe you want to know why is AdvancedBit a scam, what is AdvancedBit.net in real and so on. If so, then also you don’t have to search any other AdvancedBit.net reviews because here, within our Advanced Bit review, you are going to find out the complete truth about it.
But, after knowing the fact that AdvancedBit is a scam, if you don’t want to find out more details on it, but instead want to find out the genuine ways to make money online, then you can find that simply by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
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OK, let’s continue with our AdvancedBit.net review to find out in detail what is Advanced Bit in real and why is an AdvancedBit scam.
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Advanced Bit login and join in link:- AdvancedBit.net (Not recommended to join, it’s a scam)
Why is Advanced Bit a scam, a fraud site?
Advanced Bit is a scam because its business model is illegal.
Advanced Bit is a combination of two illegal schemes and those are Ponzi and Pyramid schemes.
None of the legit companies will collect the money from several people by paying them up to 7000% profit in 100 days, instead, they will take a loan from a bank if they need to raise a fund for their project in much more lower rate, less than 1% monthly. So, why would any company like to pay 7000% profit in 100 days to raise a fund instead of paying 1% monthly? So, the business model of a Ponzi scheme like AdvancedBit doesn’t make any sense and prove itself to be a Ponzi Scheme.
AdvancedBit claims to pay up to 7000% profit in 100 days to its members by using the investment of those members in the cryptocurrency market. But, that is a completely bogus claim. None of the cryptocurrency miners or traders can guarantee such a high rate of return in such a short period of time. The real cryptocurrency mining companies like Genesis Mining never can guarantee such a high fixed rate of return in a fixed period of time.
AdvancedBit also offers the Pyramid business model because it offers to pay the referral commission up to 3 levels of downlines but it doesn’t have any real products or services to sell. It is offering the referral commission on the sales of its ROI Ponzi plans. So, offering to pay commission to multi-level downlines like in MLM companies but without selling any products or services make AdvancedBit an illegal scheme known as a Pyramid Scheme.
The faces of team members that it has provided on its website are the pictures of random people that it has downloaded from the internet and has renamed them. So, this is again a big scam move.
So, considering the business model of AdvancedBit and the fake claims from this company, we can 100% guarantee that AdvancedBit is a scam which is not only illegal but unsustainable as well. These kinds of companies only pay few members at starting by routing the money between the members in order to show the payment proofs so that they can lure more people into their scam and collect the huge amount of money and run away with that. Majority of members will lose the money in the end. So, stay away from these kinds of illegal companies. That is why we have listed AdvancedBit within our Bad and Scams category.
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