Introductiom to my review of what is Bitocash.io

Hello… Welcome to my review of What is Bitocash.io. Do you have questions like what is Bitocash.io, it Bitocash.io a scam, legit, genuine, fake , honest, trustworthy, real, good, bad fraudulent investment site. In this review I’m going to help you do a review of this site with facts and reasoning that has helped and are time tested and always prove to be a good criteria to use when doing reviews on investment sites.

Now in this review I’m going to be looking at the major things that help you detect a scam and just so you know it isn’t about the payment proof. If you go looking for payment proof and use that to make your judgement you will always fall for every scam, almost every scam gas payment proof. I’m going to be looking at whether the site is even legal, when was it created, is it realistic, who are the owners and such stuff. This has proved to always work and of course if you feel you really need to make money online I’ll refer you to my #1 and reviewed site to make money online.

What is a scam and what is Bitocash.io

Now let us have a real defination of what a scam is. A scam is a way of making money, using fake identities, fake details, lying and in an illegal manner. It is a way to trick people to part with their money. So what is Bitocash.io, is it a scam or legit? DO NOT INVEST YOUR MONEY AT BITOCASH.IO. To check out a more reliable way to make money online click on the image below, i highly recommend the site.

Now I’m going to tell you about this scam scheme used by most imvestment sites and it is called a Ponzi scheme. Named after the founder, a Ponzi scheme is when an investment site is staryed with absolutely no risk at all, i start a site and get people to invest, those who start investing get paid back their cash at first of course, that is when the owner of the site isn’t a real greedy guy, they get paid back so as to trap the rest.

How Ponzi schemes trap people

Those who invest first will get paid from the new investments. So since what the site gets as investment is less than what is needed to support the scheme since they have to pay back with interest the site knows it will soon fall short.

So there are a few payments to a few people here and they are used as a trap to trap new investors. That is why some people get paid, it is so that those who are paid can influence others to come get paid and share their success on the site. Those who get paid trap others and more get scammed.

Now I’m going to say a little about the reasons why you shouldn’t invest in Bitocash.io.

1. The site has no real owner

This is so important that you should NEVER invest in a site that has no real owner mentioned. Where there is no owner there is honour.

If the site is an investment site then it is a must that the site should have a real owner and the ownership must be verified because most sites usually give a name that they just pick as their owner and not a real name.

So when you get scammed you don’t really have anyone you can report. No one is really accountable. If the site was legit you know that there would be no reason for the owner to hide his or her identity.

Now to prove that the owner really is trying hard to hide identity, you can check out the Facebook page of the site. The admin actually had to create a new account to create the page and I’m sure the details on the admins account are as fake as can be. A rational person can see that no real pics have been posted on the owner’s account either.

Who does WHOIS say owns the site

Whois is a site that gives you details about the registration of a site, that is the name of the owner, place of residence, date of creation and last updates and stuff like that.

Like I already mentioned it is mandatory that a site that deals with people’s money should disclose all such information. So you will find out that all scams never give that information. It is okay for bloggers not to because they don’t get any payments from people but investments sites always should.

Now at Whois you will find out that the only thing you get to know about the site is the day it was created, updated and the host of the site. This information is the common information you will find if you look up any site, if it was possible they would alter those dates and try to make the site look a little older.

That leads us to another reason why you shouldn’t invest in the site. The site is TOO new.

2. Age of site

One thing you should never overlook when you want to make an investment in an online site is the age. New sites should never be trusted.  Trust must be earned and almost all new sites later on 2 or 3 months down the line prove to be scams.

It is very possible that a site can be here today and convince you to make an investment and the next day you will find out it has been deleted. Happens all the time.

The site is still a new site ( check date of post). It was created on the 13th of November 2018. If you want to make real money look for something that has been helpful over the years.

3. Individual paying interests?

Bitocash.io has no company attached to it at all. So I don’t understand how an unknown individual will be paying anyone back almost 180% returns in about a week. Where the he’ll will this person get the money from. It is quite clear this is just a way to try to get money from people.

4. Unrealistic interests

Okay I’m sure you know about banks and financial institutions. You can invest in them and get back 15 to 20% interest at the end of the year or even less than that. Making money online isn’t about magic, it requires hard work, consistency and doing something helpful so you get paid.

If banks can only pay you that much how is an individual going to pay thousands of people 180% of their initial investment in a weak? Not possible, also given that the site has no way of raising money that we know of. This isn’t a charity thing is It?

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Conclusion

It is a clear thing that investing in this Scam site is an unnecessary risk. Try out something else and save your money. What do you think about what is Bitocash.io? Do you think it is legit? Do you have any further questions? Please leave a comment and I will get back to you as soon as I can.

Good luck