What is BitDig? Is BitDig.net a Scam or a Legit?
Are you here because you were searching BitDig reviews in order to find out what is BitDig.net in real, either is BitDig a scam or a legit and so on? If so, then you are absolutely in the right place because here, within our BitDig.net review we are going to provide the real truth about BitDig. Actually, we have listed BitDig within our Not Recommended sites list. If you want to know why, then you can find out in details within our BitDig review as below. However, before that if you want to take a look at the list of real ways to make money online, then you can click this link:- newsonlineincome.com/legitimate-work-home-businesses/
Among those listed real ways to make online online, our No.1 recommendation is Wealthy Affiliate. If you want to know what is Wealthy Affiliate, then you can find our detail review on Wealthy Affiliate by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
OK, let’s begin with our www.BitDig.net review in detail as below in order to find out what is www.BitDig.net in real.
BitDig login and join in link:- https://www. bitdig. net/ (Not Recommended to join)
What is BitDig and why don’t we recommend it?
BitDig is nothing other than a Ponzi scheme, so we don’t recommend it because every Ponzi schemes are unsustainable and illegal. Like BitDig, every Ponzi schemes pay at starting so that they can lure many people into their scheme and can run with big amount of money. On the other hand, most of the Ponzi schemes keep on paying by calculating the daily ratio of withdrawal amount versus new investment coming into the company. So, Ponzi schemes keep on paying until the ratio of withdrawal amount is lesser than the new investment coming into the company, means until they make profit each day. But, in the reality they can’t keep on paying even if they want because they don’t have any additional income source than the money invested by the members. So, each time they pay their members by adding profit to their investment amounts, they create debt equal to the profit amount. For example, BitDig pays upto 198% daily for 30 days, means within 30 days they will pay back total 198 USD to the members who have invested 100 USD. So, now from where they cover that 98 USD? Their system actually don’t cover that $98. They actually pay to that member when other two new members invest $100. So, when they pay that $198, they just create $98 USD debt in their system. Like this their debt will keep only increasing day by day and ultimately they collapses. That is why the site like BitDig survives not more than 2 years in rare case, otherwise for 4-5 months in general case. This is why Ponzi scheme is declared as an illegal scheme in many countries because at last there will be many members who lose money in Ponzi scheme, specially innocent people.
So, then why there are lots of Ponzi schemes like BitDig and also the people who join and invest in them?
Well, it is all about intention of people to earn money in easy way without doing any hard work. People wants to make money within a day very easily for which they are ready to take a risk. However, there are some people who don’t know company like BitDig is a Ponzi scheme because Ponzi scheme company never declared themselves as Ponzi, instead they always show off like they are big investment company and they are making real profit to pay back committed ROI to their members. So, in Ponzi scheme those people lose their money who think Ponzi Scheme is a real company. Even we have warned here about the Ponzi scheme like BitDig, we are sure some people will not believe us and keep on investing in it because they think it is paying and will keep on paying forever. But, in reality Ponzi scheme like BitDig will stop paying anytime soon in the future and many will lose their money there.
You can think yourself. If some company can make enough profit in real to pay back 198% ROI within 30 days to their investors, then why they need to collect the investment from several people and pay them 98% interest amount within 30 days instead of taking loan from a bank in much more lower rate, around 1% monthly. Don’t you think anyone will like to pay 1% interest than paying 98% interest if they real can make more than 98% profit monthly. Even if they can’t take loan in name of the company, they can easily take personal loan from any local bank. So, the business model of these kinds of companies doesn’t make any sense.
What about the registration document that BitDig is showing. Aren’t they registered company?
The registration document that BitDig is showing to prove they are registered investment company is actually not the registration document to run an investment company, but just a document for tax purpose which anyone can registered in UK Companies House without having any real address in UK, just by renting address with virtual address service provider and that is also in just 20 GBP. Thousands of Ponzi schemes with UK Companies House registration document have already turned into scam and lots of people has already lose their money there. So, it proves that having such registration document doesn’t stop any company to scam people. More than that document, there is not any information about who and from where is running BitDig because those information hasn’t provided in its website and has hidden within WHOIS details. So, it proves that the intention of owner of BitDig is not good. Anyway, even the intention of owner is good, then also he/she can’t make BitDig sustainable because, like we have said before, the business model of BitDig is completely unsustainable and illegal as well. Actually, none of the people with good intention will like to open Ponzi scheme sites because opening and operating Ponzi scheme is a crime.
Aforementioned, it is clear that BitDig is a Ponzi scheme which is neither a legal, nor a sustainable. So, we have listed BitDig within our Not Recommended sites list.
If you are looking for real opportunities to make money online, then you can find the list of real ways to make money online by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
After doing tons of research on several kinds of online works and businesses, we have listed Wealthy Affiliate as a top company. If you want to find out what is Wealthy Affiliate, then you can find out by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/