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joetothphoto

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Location: Cambridge

Doing some research on my next blog. Basically on the pitfalls of new technology and money. I've come across Bitlack.com. Basically they have several investment options. You can invest 0.01 BTC to 100 BTC. And they say you get back 15% to 45% on your investment after a a month. Although 15% on small amount of BTC seems feasible, when you look at say 100 BTC, 45% is 45 BTC back on an investment.

So how is this possible or is it possible. It seems to be pushing the lines of Ponzi scheme - borrowing money to pay other debts and so on.

So I was curious, considering we are dealing with a digital currency - is this sort of return possible?

Posted on August 4, 2014 at 1:21 PM

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• Hesham_3del

  

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  Posts: 661
  Location: Cairo, Egypt

  To be honest, I don't feel safe with this.

  The best investment is, have sort of idea you feel that you can implement and go for it and have a living from it.

  Or, you want to invest, try small amount at 1st.

  But I see you moved on and started using Bitlack as I can see from your signature.

  Posted on August 4, 2014 at 3:10 PM
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• syubandabi

  

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  Posts: 99
  Location: Indonesia

  invest bitcoin

  Posted on August 8, 2014 at 6:53 PM
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• Turn

  

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  Posts: 37

  Never heard of it. What exactly do they do with your Bitcoin to give you such returns?

  Posted on August 8, 2014 at 7:16 PM
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• BikerGSX

  

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  Location: UK

  That sounds to good to be true to me.

  Posted on August 9, 2014 at 3:47 AM
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• joetothphoto

  

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  Posts: 146
  Location: Cambridge

  I know. Hence i've stayed away. But I would like to figure out their scam so others can be warned.

  Posted on August 9, 2014 at 3:52 AM
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