Apparently, another pyramid scheme has just crashed. BtcClock was a website promising daily interest of 3.84%. And shockingly, it is does promise it. Why this couldn’t work from the beginning? Let’s take a compound interest calculation of $100 and the profit is reinvested daily. The first profit is $3.84, in one week, it is $4.15, in a month it is $8.94 so it more than doubled already. In three months, daily income would be $66.65 and in half a year, you would already be earning staggering $1444 DAILY on initial investment of $100! The potential income grows exponentially meaning that in one year, DAILY income would equal to $485590!
The growth of the daily interest with initial investment of $100 when compound investing:
Does that feel sustainable to you? Schemes like this are risky and they might earn you money in the beginning. I was tempted to throw in a little and see where it goes and here comes the catch. Based on the main page, everything appears to be functional and running. However, once you look into their telegram feed, you will be surprised:
You may believe their reasoning, you may not. I do not. The idea is not sustainable from the beginning and they just found an excuse. What drives me crazy is, that they keep this information only to telegram! Please, be aware!