TL;DR Watch this video you won't get bored rather than just reading
BNLimited is ponzi scheme behind the scenes but their front is an "auto trading crypto platform".
First of all you need to know the definition of HYIP or a high-yield investment program.
A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors. Let that sink
Now lets check the BNL website https://bnltradingcorp.com
"INTRODUCING BITROBO, BITROBO IS A 24/7 AUTO TRADE SYSTEM THAT WILL GIVE YOU PROFIT AND NO CHANCE OF LOSING. PROFIT IS BASED ON CAPITAL EVERY TRADING WITH BITROBO. CREATE YOUR OWN BOT WITH MINIMUM CAPITAL."
NO CHANCE OF LOSING? Zero risk investment? This alone makes it look like a scam. Risk-Free Investments Don't Exist. It is illegal for a company to make such claims. Yet Bitrobo is claiming this. That alone is very scary for Bitrobo to do.
Instand withdrawal 24/7? Lies. And here's my proof
Ask yourself, where does BNL get their profits to pay investors? For sure you would probably say the auto trading bot. And with this autotrading bot BNL can guarantee you profits with no chance of loss. Now this has to be lie. Because If crypto bots are that good, why isn’t every professional trader adopting these tools?
Yes there are professional traders who do, but they only use it to supplement their manual trading, not replace it. Auto trading cannot replace manual trading. And the reason is quite obvious if you really think about it. A good trader takes advantage of 2 things: Fundamentals and Technicals. Fundamentals is all about the inner qualities of an asset while technicals are more on the market and price movement. Some trading bots can handle the technicals well enough but not as good as an experienced daytrader. No trading bot can do fundamental analysis yet. Only humans are capable of that for now. Yet bitrobo is marketing their trading bot as a guaranteed way to earn high profits which means they don't really know how trading works. Either they have no idea what they are talking about or they are lying to you.
It says on their website that the company is registered in the UK. Isn't it weird that only Filipinos are promoting Bnlimited? Guys use your coconut. Bitcoin and Ethereum is international why should they only give this opportunity to Filipinos? Could it be....because we are the only ones who are gullible? AKA Tanga!? They are probably using an offshore account to avoid legal troubles while scamming people.
Bitrobo is not the first of its kind. There were many ponzis in the past that eventually collapsed and there are existing ponzis that are currently being prosecuted by the Securities and Exchange Commission. It is rumored that Bitrobo is a clone of Bitrobot.me, a proven ponzi scheme that operated mid 2015. They are almost exactly the same. Bitrobot.me was already pulled out. Bitrobo is still here for now. But my question for you dear viewer, would you trust it?
Financial freedom is what Lambolife is all about. But I like to do it right. Not scamming people.
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