What is BitKing? Is BitKing a Scam or a Legit?
Are you searching for BitKing reviews in order to find out what is BitKing.biz, either is BitKing scam or legit? If so, then you are absolutely in the right place because here, within our BitKing review we are going to provide real truth about BitKing. Actually, BitKing is not a good company, so we have listed it within our Not Recommended sites list. You can find out the details why we don’t recommend BitKing within our Bit King review as below. However, before that if you want to know either there is any company that we have recommended or not, then our No.1 recommended online business is Wealthy Affiliate about which you can find the details by clicking this link:- newsonlineincome.org/wealthy-affiliate-review/
You can find the list of several kinds of legit online works plus businesses that we have recommended by clicking this link:- newsonlineincome.org/legitimate-work-home-businesses/
OK, now let’s begin with our BitKing.biz review in detail as below to find out what is Bit King in real.
BitKing login and join in link:- https://www. bitking. biz/ (Not Recommended to join)
What is Bit King? Why don’t we recommend BitKing?
BitKing is not a cryptocurrency investment company like it is claiming. They are not doing any cryptocurrency trading. In real, Bit King is a Ponzi scheme which means illegal and unsustainable company. These kinds of companies pay to few members at starting to lure more people and after getting big amount of money from lots of people, then completely stop paying and run away with money of several people due to which majority of people always lose their money in Ponzi schemes. If you don’t know about illegal schemes like Ponzi and Pyramids, then you can find the details about these illegal schemes by clicking the following respective links:-
Ponzi Scheme:- newsonlineincome.org/ponzi-scheme/
Pyramid Scheme:- newsonlineincome.org/2017/03/06/what-is-pyramid-scheme/
You can think yourself. BitKing is claiming to pay from 500% ROI in one day to 20000% ROI within 3 days. If there is such company exist which can make such amount of huge profit, then in first place that company doesn’t need to collect the investment from several people because if some companies or personnels really have a way to make 500% ROI within a day, then they can simply take a loan from bank in much more lower rate, less than 1% monthly. Think again, why someone wants to pay upto 20000% ROI within 3 days by collecting the investment from several people instead of taking personal loan or business loan from a bank in much more lower rate, around 1% monthly. So, the business model of Bit King doesn’t make any sense and completely bogus.
You can find out the address of Bit King is from USA. If they are really from USA, then even if they keep on paying, they will soon shutdown by SEC because Ponzi schemes are completely illegal in USA, actually in most of the countries. However, we are sure they will shutdown their site by themselves before that happens because Ponzi scheme never can sustain for long time.
There is not any back up to prove their claim. They have failed to provide any proof to support their claim of making such amount of huge profit. Actually, like we have said before, their claims doesn’t make any sense and there is not any reason for collecting investment from several people if some company really can make 20000% ROI within 3 days. So, this proves that they are paying existing members using money invested by new members because the only verifiable source of income in BitKing is the money invested by affiliates/members. So, Bit King will stop paying soon in the future and completely turn into scam same like other similar kinds of Ponzi schemes and that can happen anytime, even just after you invest money in the company. So, stay out of it.