![scam alert.jpg](https://steemitimages.com/DQmRrBUVuwM5HFozHaJDCP8jTeipbveqFGwaoRAdsjMtJeZ/scam%20alert.jpg) Hey guys! Before I start explaining to you guys why Bitpetite is a scam let me tell you more about this account and it's purpose. @scamnotifier is an account that will well... notify users of a scam site and why they should avoid them. If you have any sites that you think may be a scam leave the link in the comments!Do NOT post referral links. I will NOT put any $$$ into these sites. Now that is over lets expose our first site! SCAM SITE #1 - Bitpetite.com - ![bit.png](https://steemitimages.com/DQmQcYt3M3tdu2ak3dk4SzhFAmGpmidZjhSf58pYqH6poax/bit.png) So BitPetite offer users "contracts" to lend their BTC or many other ALT coins to their system for 6 - 9 weeks at a time to gain "compound interest" similar to site such as Bitconnect (Now a $1.5 B scam). They are offering anywhere between 3.6% - 4.5% DAILY. Now unlike Bitconnect who CLAIM they have a trading bot BitPetite claim they pay you from the fees they charge on their Bitcoin Tumbler. This simply cannot be true, let me tell you why. So imagine I deposited $10,000 into BitPetite, they offer us to lend our money out for 6- 9 weeks with the Interest rate at 4.5% for the 6 weeks loan and 3.5% for the 9 weeks loan If I went with the 6 weeks loan let's say I would be receiving $450 per day for 42 days. That leaves us at $18,900. That is $8,900 profit for only a $10,000 investment in such a short period of time. Now let's say we x10 that deposit and put in $100,000. That would be $4500 per day for 42 days. That now leaves us at $189,000. That is $89,000 profit for a $100,000 investment. Now keep in mind they DO NOT have a limit to as how much you can invest so you could also x10 that! Now I am no expert but I don't think any Bitcoin tumbler makes $89,000 profit in one and a half months.This is simply unrealistic and a shitty scam. ![scam a.jpg](https://steemitimages.com/DQmTCTsgPZoKkCLzsPBoqRRV8e7GrDk31JCq3hCkKvgXt4i/scam%20a.jpg)