What is Bitchair.biz? Is Bitchair a Scam or a Legit?
Are you searching for the BitChair reviews in order to find out what is Bit Chair in real?
Well, then the answer is;
BitChair.biz is an illegal company. Any expert in online business industry clearly can see that Bit Chair is a Ponzi Pyramid hybrid which is neither a legal nor a sustainable. If you don’t know what is Ponzi and Pyramid scheme, then you can find the details by clicking the following respective links:-
Details on Ponzi scheme:- newsonlineincome.com/ponzi-scheme/
Details on Pyramid scheme:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
So, if you are searching for the Bit Chair reviews in order to find out either is BitChair.biz a scam or a legit, then the answer is; BitChair is an upcoming scam, which means it is paying at the moment, but will stop paying soon in the future and many members will lose their money from this site. That is why we have listed BitChair within our Bad and Scams sites list. You can find more details on BitChair such as, why is BitChair is a Ponzi Pyramid hybrid, why is Bit Chair a scam and so on within our BitChair review as below. But, if this short information on BitChair is already enough for you and now instead of finding out more details on BitChair.biz, if you want to find out the real opportunities to make money online, then you can click this link:- newsonlineincome.com/legitimate-work-home-businesses/
We also like to mention that among all kinds of online works and businesses, Wealthy Affiliate is our No.1 recommendation. If you don’t know what is Wealthy Affiliate, then you can find the details by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
OK, now let’s begin with our Bit Chair review in detail as below to find out what is BitChair.biz in real.
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Bit Chair login and join in link:- BitChair.biz (Not Recommended to join)
What is BitChair.biz and why don’t we recommend it?
Aforementioned, BitChair is a combination of two illegal schemes which are Ponzi and Pyramid. So, that is already enough to stay out of this site. Ponzi and Pyramid schemes are not only illegal, but are also unsustainable. Even if the owners of Ponzi schemes want to pay their members continuously, then also due to its business model, they can’t. Because each time they pay their members, they create debt into the system. Like these schemes never have any system to make real profit.
BitChair has claimed that they can make real profit from foreign exchange and bitcoin trading. But in real, Bit Chair doesn’t have such system because in reality that doesn’t exist. None of the foreign exchange or bitcoin trading can guarantee daily constant profit. More than that, BitChair.biz is claiming to pay upto 15% daily forever on the investment amount of the members. Well, there is not any foreign exchange or bitcoin traders in real who can guarantee such type of return. So, every claim made by BitChair is a bogus.
Actually, this is not a new kind of scam. You can find lots of these kinds of sites some of which are; BitLake, BitPalas, BitSilver, CoinTower and so on. Actually, there were lots of these kinds of sites which have been already turned into scam by now which is the proof that these kinds of sites can’t sustain for long run.
You can think yourself. If some company can pay upto 15% daily profit forever, then why they have to collect the investment from several people to invest in their project instead of simply taking loan from a bank in much more lower rate, less than 1% monthly. So, their business model doesn’t make any sense. So, this proves that their claims are completely bogus and BitChair.biz is a big fat lier.
If you check the WHOIS detail of Bit Chair, then you will find out nothing about the owner and the address of the company. They also haven’t mentioned anything about the owner within their website as well. The only information that they have provided in their website is the UK Companies House registration document which anyone can register by providing rental (virtual) address just by paying 20 GBP which is not a license to run an investment company like BitChair. Actually, we have found many Ponzi schemes which have provided the UK Companies House registration document in order to make people confuse so that they look like a real company, but they are not. Many Ponzi schemes which had provided the UK Companies House documents have been already collapsed and turned into scams.
Bit Chair also offers the referral earnings upto 2 level referrals like MLM (Multi Level Marketing) companies, but without selling any real products or services, just on the investment amount of the referrals on its ROI plans which makes it another illegal scheme known as a Pyramid scheme. That is why we don’t recommended companies like Bit Chair because instead of making money, you can lose your investment any time with these kinds of companies. So, we have listed Bit Chair within our Bad and Scams category.
It is better you warn your friends and families about Bit Chair by sharing this BitChair.biz review:-
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