If you are searching for the Magical Bitcoin reviews in order to find out the answers of the queries like what is Magical Bitcoin, either is Magical Bitcoin a scam or a legit, either is Magical Bitcoin paying or not, either is there any Magical Bitcoin complaints or not, either is the business model of Magical Bitcoin legal or not, either is Magical Bitcoin Ponzi scheme or not and so on, then you are absolutely in the right place, because here within our Magical Bitcoin review, you are going to find the complete truth about Magical Bitcoin. Actually, we have listed Magical Bitcoin within our blacklisted section and the reason for that you can find within our Magical Bitcoin review as below. However, after finding out Magical Bitcoin is a scam, if you don’t want to find out more details on Magical Bitcoin, but instead, if you want to find out the good opportunities to make money mining crypto currency, then you can find the list of our recommended crypto mining and software by clicking this link:- http://topratedbinary.com/best-crypto-mining-companies/
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OK, now let’s begin with our Magical Bitcoin review in order to find out what is Magical Bitcoin in real and why is Magical Bitcoin a scam.
Magical Bitcoin Review
Magical Bitcoin is a Ponzi scheme because it offers to double your invest in 24 hours, that is paying up to 100% daily forever on the investment amount of the members, but fails to provide the real proof of its income source from where it can make such profit to pay back its members. Yep, it has claimed that it can make such amount of profit constantly from bitcoin trading constantly by their team which has long experience working with capital against other crypto currency. But, that is completely a bogus claim and even it fails to provide the proof of that trading. None of the bitcoin traders ever can guarantee any fixed rate of return.
Magical Bitcoin Scam
Even if we agree they can really make such amount of profit, then also why they need to collect the investment from the several people and pay them up to 100% daily profit and up to 3000% ROI in a month instead of taking loan from a bank in much more lower rate, less than 1% monthly interest rate and use that money to multiply the profit? If they pay 1% monthly interest rate to the bank instead of paying 100% daily to the several investors, they can make much more profit for themselves. So, why aren’t they doing that? Simply because they are lying about everything.
A Ponzi Scheme Beware!
They are just paying one member using the money invested by another member. So, each time they pay to their members, they create a debt into the system which ultimately make them collapse. However, they will not wait till the company collapse. They will only pay few members at starting only to gain the trust of more people so that they can collect more investment from several people and run away with the big amount of money. That is why MagicalBitcoin.org is a Ponzi scheme.
Who stays behind Magical Bitcoin
Magical Bitcoin is totally anonymous. No house registration document or legitimate proof of license to run an investment like MagicalBitcoin.org, but just a website with wallet address to steal bitcoins. Magical Bitcoin provided a bitcoin address but you have to realize that Bitcoin transactions are irreversible, so in case of problems you will have no possibility to recover your money. So, sending cryptocurrencies to anonymous people is a really bad idea. Anyone can create a website and put a bitcoin wallet address on it, that is not a big thing in 2018. In the past, there were tons of Ponzi sites and now had already turned into scams. So, that proves having an ordinary online presence is not the proof of legitimacy. So, we have listed Magical Bitcoin within our blacklisted section.