Hi guys.
I recently meet a guy who invested his money in 2 systems.
1) the first one is mining, he basically gave 20.000 euros to this company (ibulltrade) and they promised him to give him back 20% a month.
There are different tiers, like from 1000 to 10000 you get 11%, from 10000 to 20000 you get 16% ecc.
I smell could be a scam, but this would be a nice passive income.
They say they have a farm big in norway where electricy doesn't cost much.
What do you think about ?
2) The second one is trading. He sent money to these guys (BTC actually, not money) and they trade it on forex/crypto/commodities and they guarantee you at least 5% monthly of your investment back.
I again smell scam, but what you think about ?
I've been burst 7k on bitconnect, so i'm not really interested into this kind of things, but because those 2 are different and 1% daily was unsustainable but 5% monthly looks like much more real, I would like to know what you think about it and if any of you had good experiences in similar investment.
Thank you
Of course, this is fraud! In both cases.
In the first case, this is the classic Ponzi scheme. It is impossible to receive such income from mining. Especially now.
In the second case, it's just taking money away.
So, with 99% of the probability, this friend of yours will lose his investment. I hope he's ready for this.