What is Bit-Waves.com? Is Bit Waves a Scam or a Legit?
Bit-Waves.com is a bad company because it is a mixture of two illegal schemes, known as Ponzi and Pyramid schemes. So, now you know what is Bit Waves in real and either is BitWaves a scam or a legit. So, now you don’t have to search any other Bit Waves reviews for that. However, if you want to find out in detail why is Bit-Waves.com a scam, then you can find that within our Bit Waves review as below. But, after knowing the fact that Bit Waves is a scam, if you don’t want to find out more details on it but instead want to find out the list of real opportunities to make money online, then you can find those by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
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OK, now let’s begin with our BitWaves review in detail in order to find out what is BitWaves in real and why is Bit-Waves.com a scam.
Bit Waves login and join in link:- Bit-Waves.com (Not Recommended to join, it’s a scam)
What is BitWaves Financial Limited and why is BitWaves a Scam?
BitWaves Financial Limited is a Ponzi Pyramid hybrid which means the combination of two schemes which are neither a legal, nor a sustainable. Actually, it is so clear that Bit Waves is a Ponzi scheme because it offers to pay up to 135% return within 450 hours, means within 19 days, but fails to provide the proof of its real income source from where it can make such a huge amount of profit in such a short period of time. Yep, it claims that it can make such amount of profit by using the investment of members in forex and cryptocurrency trading, but that is completely a lie because none of the expert in cryptocurrency and forex market can guarantee such high rate of return in such a short period of time.
Let’s think generally. If any company can generate profit to pay up to 135% return within 19 days to their investors/members, then why that company needs to collect the investment from those investors and pay them 135% in 19 days instead of taking a loan from a bank in much more lower rate, around 1% monthly? Don’t you think that anyone who can make 135% within 19 days will like to take a loan from a bank by paying less than 1% monthly instead of taking investment from several people and paying them 135% in 19 days? So, this kind of business itself proves it is a Ponzi scheme. You can find more details on Ponzi scheme by clicking this link:- newsonlineincome.com/ponzi-scheme/
If you check the WHOIS detail or the official website of Bit Waves, you will not find out any information about who and from where is operating the BitWaves. After all who wants to show themselves if their intention is to scam people. Yep, we agree that they have provided the registration document from UK Companies House. However, anyone can register company in UK Companies House for which even no need to provide the real address, but any virtual (rental) address will be enough. More than that, the registration fee to register company in UK Companies House is only 20 GBP. Actually, that registration is only for a tax purpose, not the license to run an investment company like BitWaves. In the past, lots of Ponzi schemes have already turned into scam which were registered from UK Companies House. So, that registration document can’t stop anyone from scamming people.
BitWaves is also a Pyramid scheme because it offers to pay the referral’s commission up to 3 level downlines but without selling any real products or services, but just on the sales of its ROI Ponzi plans. Any company which offers the referral’s commission up to multi level downlines like MLM companies but without selling any real products or services is labeled as a Pyramid scheme which is another illegal scheme. If you don’t know what is Pyramid scheme and why is it illegal, then you can find the details by clicking this link:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
So, now it is clear that Bit-Waves.com is a Ponzi Pyramid hybrid, an illegal scheme with unclear owner details. That’s why we have listed it within our Bad and Scams category.
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