Scam or not: BTC GAIN

Thanks for tuning in for another segment of Scam or Not — and this time, user Jayesh Jaiswal has asked me to check out an “investment” opportunity from a company called BTC GAIN.

Let me just start off by saying this website is SCAM AF!

How do I know? Thank you so much for asking!

REAL OR FAKE: BTC GAIN

As always, first glance of the site appears to show everything in working order, but that vibrating ‘+REGISTRATION NOW’ button makes me uncomfortable. Could be nothing, but typically investment offerings steer clear of these kinds of conversion tactics to build good will.

Scrolling a little further and reading the text, it’s all very poorly written and none of the site content is definitively created by this company. Their main video is from a clearly different content creator and doesn’t talk about how any of this works, just about BTC in general. So, where’s the proof that this ‘investment’ company can generate returns? It gets better…/s

Their proof is a simple, static, embedded spreadsheet… ๐Ÿคฆ

Don’t even get me started on the image of Hong Kong certification and English / Russian translation at the top of the page (Russian doesn’t work btw).

PLEASE CONSIDER THE FOLLOWING:

๐Ÿ›‘ Red flag #1

FORCING REGISTRATION

Just like with my previous post — Scam or not: Free-Litecoin.com — I absolutely HATE having to create an account just to see what something is all about, and here we have this website doing exactly that. No actual proof, nothing on the main page, and links either go straight to home or to locations on the site that have no content (Investors / Partners). This is a bad sign.

โš ๏ธ Yellow flag #1

COOKIE CUTTER WEBSITE

This website feels like it was purchased as a template. A lot of the links go to seemingly legit pages, but the content feels like it was written for something else. There is very little customization, and the biggest clue is that the ‘Terms of Service’ has leftover text from possibly a previous version of the site.

I can’t give this a red flag, because I don’t believe anything is bad regarding templates. But it is certainly a warning sign for a company that claims 3 years of experience.

๐Ÿ›‘ Red flag #2

TERRIBLE ENGLISH

I’m not confident they’re even trying to have good English. The main site, before navigation, is okay — minor mistakes here and there — but once you actually try to understand what’s written, it gets pretty bad. Really drives home the feeling that the front-end section of the site was purchased, and not developed.

๐Ÿ›‘ Red flag #3

SEARCH INFORMATION SAYS SCAM

Can’t find a lot of information about this website, so not many people are talking about it… meaning not many people are making any money. There is NO legitimate payment proof out there, and this forum discusses their payout mechanism in small detail, but the best exit scams have significant payment proof.

This one appears to allow withdraw to a certain extent in order to entice you to deposit more.

TL;DR: 3๐Ÿ›‘ + 1โš ๏ธ — VERY LIKELY A SCAM

If you’ve already put some money into this, I highly recommend withdrawing whatever they will allow and get the hell out.

What do you guys think? Leave your comments below and tell me about any other ‘offers’ you would like for me to check out.

Scam or not: Free-Litecoin.com

Since the launch of Quarry, I’ve received a lot of questions from individual Quarriors about the validity of certain programs and giveaways, and I’ve done my best to determine the validity of each one. At times, it can be very difficult to determine whether an offer is real or not on the internet, and when pressured to ACT NOW or that TIME IS LIMITED our fear of missing out can sometimes get the better of us.

So, this segment / post / topic is dedicated to the discussion of these so-called offers and whether or not they’re doing what they claim to be doing, ie: Paying out.

Real or Fake: Free-Litecoin.com

Well, at first glance the site seems okay, but any time someone is offering something ‘free’ — the question becomes: How? Unless it’s some sort of non-profit or government funded agency, revenue and operational costs always apply. So, how is this website benefiting?

The obvious answer here is through transaction fees, but my fear is that something more sinister lurks beneath the surface. Am I the product? Or… am I the prey?

PLEASE CONSIDER THE FOLLOWING:

๐Ÿ›‘ Red flag #1

FORCING REGISTRATION

I absolutely HATE having to create an account just to see what something is all about, and here we have this website doing exactly that. No proof, no nothing on the main page, and all links go straight to home. This is a bad sign.

โš ๏ธ Yellow flag #1

RECOMMENDS SPECIFIC HOT WALLET

Hot wallets are breach-able, and knowing where your wallet is located is half the battle. There are a number of fishing techniques that can work out your login and password for hot wallets. The only reason I don’t consider this a red flag is that the website is suggesting a relatively well-known wallet.

I must mention though, it is my opinion they’ve chosen LiteVault for the speed in which setting up a new wallet is possible, and certainly not for the security.

๐Ÿ›‘ Red flag #2

TERRIBLE ENGLISH

I’m not confident they’re even trying to have good English. The main site, before login, is okay — minor mistakes here and there — but once you create an account and login it gets pretty bad. At this point in the discovery process I’m feeling like the front-end section of the site was purchased and then customized the member’s section.

โš ๏ธ Yellow flag #2

NO SEARCH INFORMATION

Can’t find a lot of information about this website, so not many people are talking about it… meaning not many people are making any money. There is some payment proof out there, and this forum discusses it in some small detail, but the best exit scams have significant payment proof.

๐Ÿ›‘ Red flag #3

NO READILY AVAILABLE PROOF

The biggest worry I have is the fact that this system is not decentralized. You’re forced to have faith in the system, and can’t checkout their code or contract until you’ve gone through all the work trying it out.

The cynic in me says that this website is designed to gather Litecoin addresses, emails, and potential logins via LiteVault & registration while simultaneously promoting a snowball effect to get more Litecoin via gambling into the system with a main goal of exit scamming.

It does payout, at least for now — and fees do apply.

TL;DR: 3๐Ÿ›‘ + 2โš ๏ธ — PROCEED WITH CAUTION

What do you guys think?