CryptoBull.LTD Review: Legit? CryptoBull Scam
CryptoBull LTD is a Ponzi scheme, which means an illegal scheme, not a trustworthy business.
CryptoBull LTD hasn’t provided its owner details and the company’s address. All the investment companies similar to CryptoBull with hidden owner details have always turned into the scam. So, this again adds the warning bell.
So, now you got some idea either is a CryptoBull.LTD scam or genuine and what is CryptoBull.LTD in real. So, your search for CryptoBull LTD reviews ends here. However, if you still want to find out more details on CryptoBull, then also you don’t have to search any other CryptoBull reviews because here, within our CryptoBull review, you are going to find the complete details. So, let’s continue with our CryptoBull review to find out what is Crypto Bull LTD in real and why is a CryptoBull LTD scam.
Why is a Crypto Bull scam?
Aforementioned, we already made you clear that Crypto Bull LTD is a scam because it is a Ponzi scheme and it’s owner details are not available. So, now let’s find out why is CryptoBull LTD a Ponzi scheme.
CryptoBull is a Ponzi scheme because it claims to pay 100% net profit, means 200% within 24 hours on the investment amount of members and it claims it can generate enough amount of revenue to pay such high rate of return by using the money of members in quantitative and cryptocurrency trading. However, this is a bogus claim because none of the experts in quantitative and cryptocurrency trading can guarantee such amount of return daily, this is practically not possible. On top of that, Crypto Bull fails to provide proof of its investment in so-called quantitative and cryptocurrency trading.
On the other hand, none of the legit companies will collect the money from several people by paying them 100% net profit within a day, instead, they will take a loan from a bank if they need to raise a fund to invest in their project at much more lower rate, less than 1% monthly. If they can’t take a business loan, there is an option for the personal loan as well as for credit card limit. So, why would any company like to pay 100% net profit within 24 hours to raise a fund instead of paying 1% monthly? So, the business model of Ponzi schemes like CryptoBull doesn’t make any sense and prove themselves to be a Ponzi scheme.
Ponzi schemes only pay few members at starting by routing the money between the members so that they can lure more people into their scam by showing those payment proofs and collect the huge amount of money and run away with that. So, don’t fall into those payment proofs. In the end, the majority of members will lose money in a Ponzi scheme.
Actually, these kinds of Ponzi schemes are not a new thing. In the past, 1000s of Ponzi schemes have already scammed the millions of money from various people. Some of them even get caught by the legal authorities. Involving in these kinds of companies is a crime and legal authorities have already warned people not to join these kinds of companies. The recent examples of Ponzi schemes are Ferdinand.Capital, TessLine, BTCFury, GoldenHanoi, Quadrolate and so on.
If you want to find out more details on how the Ponzi schemes are operated, then you can find the details by clicking this link:- newsonlineincome.com/ponzi-scheme/
Aforementioned, it is clear that CryptoBull is a scam. So, we have listed it in our Bad and Scams category.
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