Hello, and welcome to the bit plam review, in this bit plam review, our goal is to determine if bitplam.com is a legit platform to invest with or one of the many investment scams that exist in today’s world.
Is bitplam.com a legit platform? No!, in our bit plam review we determined that bitplam.com is not a legit investment platform, and we would explain why in detail for you to appreciate our reasons for classifying them as a scam.
Let’s dig deeper into the bitplam review!
When you set out to invest, the goal is to at the very least get some profits from your invested capital. However, you would be faced with a lot of options.
High-risk platforms that literally promises to double your money for you in a matter of hours or days, and platforms that have dedicated teams to manage your wealth and make you real consistent profits.
Most online investors, unfortunately, ignore every red sign and focus on the higher profits promised. This is why you see an investment platform promising to give you percentages that no real business can produce.
The good thing to do is to pause a little, to think about the business model. I promise you this, company registration means nothing, legit companies scam all the time, having a fancy website means nothing, people scam all the time with a fancy website.
What is truly important is to recognize the business model, and to understand it, then pause a minute and ask yourself if on average you would be able to generate that sort of returns in the real world?
If generating such returns seem next to impossible, then run away as quickly as you can from such a platform, do not let your emotions get the better part of you.
Scammers know this, they know you are smart, but they are hoping their promises of high returns and some fancy websites are likely to hook you in.
You may even read this review of Bit Plam review and still proceed to invest, you might be hoping to get lucky but often, there is no luck in investing in a scam, once you deposit, you are down a rabbit hole with no return.
Remember, it is better to get a slightly low return, compared to losing your money in a promise of a higher return.
Table of Contents
Detailed Bit Plam Review
Most scam companies have company registration documents to give the unsuspecting investor a delusion of legitimacy.
The idea is that by showing you that they are registered, you might be convinced that they are indeed a legit business.
However, most often, this is not the case! Experience has shown that most often, scammers have several ways of drawing your attention to them and providing you with a company registration is one of such ways.
With regards to company registration via company house, note that company registration via company house can be done online and payment made online without stepping out of your home.
Notice from the image above that Company House clearly declares that they do not verify the accuracy of the information provided.
Sophisticated scammers sometimes use stolen data to do all these registrations, thus the actual people you might see on company house as the true owners of these companies, might not even be aware of the existence of the website in question.
What’s worse, some scammers actually go to the extent of scanning the company house database to identify a legit operating business, then proceed to purchase domain names that are similar to the legit business.
The whole idea is to get you to trust them, once you trust them, they can make you believe anything they write or any promises they make without you giving it a second thought.
Extra care has been taken to ensure that you do not know the actual operators of Bit Plam. They are using privacy services to block the actual ownership of their domain names and many extra steps to ensure you are unable to track them.
Notice that, even when names of the owners or operators are given, in our Bit Plam review, every search via social media, Facebook, Twitter etc. of the said name returned zero results.
The idea here is to be as anonymous as possible so that when they make their platform unreachable, you have no way to reach them.
BitPlam.com Review | The Investment Plans
The investment plan shown on bitplam.com is fake and bogus, as a matter of fact, the entire goal is to ignite the greed in you, to manipulate you into thinking you have found a lifesaver, an investment platform that would solve all your financial needs if you invest with it.
The entire truth is that the promises made in the investment plans above are not achievable, albeit they are given or put up there to make you feel like you are dealing with a legit investment platform.
Even if the intent isn’t to steal from you? The fact that the business model can not support such high rates means that eventually, it would collapse.
You should note, however, that the operators of these platforms know very well that their investment plans are bogus.
Indeed, they know that they are operating a Ponzi scheme, they might tell you all the projects they are involved in such as Forex, Crypto, etc. but the real truth is that behind the scenes they are just sitting back and watching the money flow in.
Bit Plam Review | Payment Statistics
Payment statistics is one tool in the scammer’s toolbox that is used to deceive you into thinking you have found a legit platform, the real truth is that those statistics you see there do not matter.
The real truth is that some of the platforms operate in such a way that they will pay off some of the earlier investors. Even with this, they ensure they only pay you back a portion of the money you invested.
The goal is such that you would be convinced of their legitimacy. By that single act, they turn you from a customer into an ambassador, promoting their platform to friends and relatives.
After a while, you issue withdrawal and it wouldn’t go through, albeit, you will continue to see withdrawals being made via the withdrawal statistics, why?
You see, these scammers know that review websites classify them as paying or scams based on whether the review website itself is being paid.
The review websites do these by investing a small token, the idea is that they get a referral link and promote the project on their websites, thus every member who clicks on it to register brings in some good money via commissions.
Since the scammers know this secret, even when they refuse to pay normal users withdrawals, withdrawals coming from affiliates are honoured.
As you might have guessed, such withdrawals cost the scammers nothing at all, it is just money they took from someone to pay another person.
BitPlam.com Review | Conclusion
Scams of this nature would continue to exist till the end of the world, the real truth is that as the world moves to decentralized currencies, people are going to use the supposed anonymity to do more harm.
You should be very wary of platforms that promise such high rates of returns because if the rates are too high to make sense, it is most likely a scam.
When we wrote the bitplam.com review, our goal was to at the very least save one person from falling for this scam, if you find our review helpful, leave us a comment to make our heads swell a little for the good work we are doing.
You can actually promote our work by sharing this article on social media to save someone else from investing in this scam, the last but not least, consider donating to us, to help us fight scams of this nature.
What are your thoughts? Is BitPlam.com legit or not? Have you invested in BitPlam? How is it going?
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