What is Bitco Farm? Is BitcoFarm.com Scam?
Are you searching for the BitcoFarm reviews in order to find out what is BitcoFarm.com, either is BitcoFarm scam or legit? If so, then you are absolutely in the right place because here, within our Bitco Farm review, we are going to reveal you the complete truth about BitcoFarm, such as either is BItcoFarm.com a scam or a legit, either is there any BitcoFarm complaints or not, either is BitcoFarm payment proof real or not and so on.
Bitco Farm is a combination of unsustainable PTC site and illegal Ponzi scheme. So, we have listed it within our not recommended sites list. Why? we will make it clear within our BitcoFarm review as below. But before that if you want to find out what kinds of companies we have recommended, then you can find those by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
We also want to make it clear that although we have listed lots of legit ways to make money online, but our No.1 recommendation is Wealthy Affiliate. If you don’t know what is Wealthy Affiliate and want to find out its detail review, then you can click this link:- newsonlineincome.com/wealthy-affiliate-review/
OK, now let’s begin with our BitcoFarm.com review as below in order to find out what is BitcoFarm in real.
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What is BitcoFarm? Why don’t we recommend it?
Aforementioned, Bitco Farm is a combination of illegal Ponzi scheme and unsustainable PTC site because they offer certain amount of return for buying their virtual cartoon chickens, cows and so on. Those who purchase a cow at the cost 0.110 BTC, they can get daily return for lifetime in the name of milk bottle which can be worth from 0.015 to 0.045 BTC per bottle
Members can collect upto 3 bottles per day which makes their monthly income from 0.45 to 1.35 BTC and that is also for lifetime. Means from 0.11 BTC investment, you can get at least 0.45 BTC within a month, which is more than 400% ROI within a month. Even sometimes members can get up to 3 bottles daily which make their income up to 1.35 BTC monthly which means 1200% ROI within a month. None of the legit companies can afford to pay back that much ROI by doing legit business. Yep, they will say that they are making profit from their PTC part, but that is not true. PTC sites can’t pay back 400% ROI to any of its members within a month.
Not only that, they promise to pay that much amount of ROI for lifetime on one time investment on daily basis which is 100% unsustainable and bogus claim. In their program, cows and chickens are not the farming cartoons, but in real are the Ponzi ROI plans which has been covered in the names of cows, chickens cartoons to make people confuse. Due to their ROI plans, they can’t sustain.
The only verifiable source of income of BitcoFarm to pay back money to their existing members who purchase cows, chickens and so on is the money of the new investors who purchase the same stuffs. So, each time they pay existing members, they create debt in the system which make their system completely unsustainable and collapse at any point. After all that is how Ponzi schemes run, don’t they?
Actually Bitco Farm is not the first site in this category. In the past lots of sites with similar format have been already turned into scam. Few names of these kinds of unsustainable sites are BitcoinFarmer, Faucetbirds, Faucetcow and so on.
On top of that, there is not any information about who is running and operating BitcoFarm and from where. Neither they have provided that information within their website, nor within their WHOIS detail. In online work industry, only those hide their owner details who know they can’t sustain for a long time and whose intention is to scam sooner or later. More than that, they are using the hosting service of that company which those other similar kinds of scam sites have been using. So, this already proves BitcoFarm is not here to stay for a long time.
In short, BitcoFarm is a Ponzi scheme, means an illegal scheme. So, this is the reason why we don’t recommend it. If you don’t know what is Ponzi and Pyramid scheme, then you can find the details by clicking this link:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
If you want to spot a scam by yourself, then we suggest you to take a look at our “How to know scams” post by clicking this link:- newsonlineincome.com/2017/03/23/how-to-know-scams/
Aforementioned, it is clear that BitcoFarm is not a good company and it can’t be sustain for a long time, sooner or later it will stop paying and even shutdown the site as same as other similar kinds of sites did in the past. So, stay out of it. We have listed it within our not recommended sites list.
If you want to take a look at our list of good and trusted online work companies, then you can find those within this page:- newsonlineincome.com/legitimate-work-home-businesses/
Among all online work companies, we suggest everyone to join Wealthy Affiliate if they want to build a full time online income for their lifetime so that they can quit their job. You can find our detailed review on Wealthy Affiliate by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
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