Bitcoin Financial Limited, or BitFin is a classic bitcoin HYIP which is right up to trend in terms of design and features – i.e.- fancy design, multiple languages, Comodo secured, testimonial videos, and who could forget, the usual English translation typos. It is essentially a clone of the old BitMinister site from a few months ago which was an outstanding performer.
It keeps it nice and simple with only a few plans which are all principal release for no fee, and are based on how much you invest. Up to 5 BTC will get 3% daily, 5 to 50 BTC will get 3.5% daily, and above 50 BTC will get 5% daily. Unless you hate your bitcoin, stick to the first plan. Minimum deposit for the 3% plan is 0.01 BTC and minimum withdrawal is 0.0005.
|Type||Details (if given)|
|Name||Bitcoin Financial Limited|
|Date Started||25th August 2016|
|Original Plans||1. 3% daily up to 5 BTC
2. 3.5% daily from 5 to 50 BTC
3. 5% daily from 50 BTC
|Hosting Location||Spijkenisse, South Holland, Netherlands|
|Company Address||286 Euston Road, London NW1 3DP, United Kingdom|
|Registrar Details||Companies House, Cardiff, 22nd June 2016|
|25th August||Sign up and add initial investment|
|26th August||Payment received, instant withdrawal. Add second investment. Alexa Rank: 28,903,015|
|27th August||Payment received, instant withdrawal. Alexa Rank: 28,903,014|
|28th August||Payment received, instant withdrawal. Add third investment. Alexa Rank: 1,718,486.|
|29th August||Payment received, instant withdrawal. Alexa Rank: 399,618.|
|30th August||Payment received, instant withdrawal. Alexa Rank: 300,827.|
|31st August||Payment received, instant withdrawal. Alexa Rank: 269,468.|
|1st September||Payment received, instant withdrawal. Alexa Rank: 247,448.|
|2nd September||Payment received, instant withdrawal. Alexa Rank: 228,942. Some payment problems reported, but seems to be OK now|
|3rd September||Payment pending, and withdrawals restricted to 0.0005 BTC. Alexa Rank: 208,588.|
|4th September||Payment still pending, and withdrawals now disabled. Time to call a scam. Alexa Rank: 196,231.|
A disappointing performance from what was supposed to be an experienced admin. A total of 9 days running, which is well below expected. However, we must remember the risk, and as devastating as losing bitcoin is, we must allow for some loss when investing this way. Personally, I made it to 24% which I would rather try and forget.
I have a couple of theories of why BitFin was so short, but the one that makes the most sense is that this admin has built up a solid reputation with BitMinister and BitDeposit and took advantage of it (remember, they are scammers). So, based on their reputation, it follows that many investors got in early and invested large amounts – we all know the earlier the better – even that twerp that makes random useless comments in the public chat knows that – and rather than play it out as usual, they shut-down payments and walked away with a much easier and more secure profit.
Problem here is that trying to guess when an admin will do this is virtually impossible. A much better approach is to invest sensibly and take the good with the bad. It follows on from this theory that is is highly unlikely that this admin will scam early on their next HYIP. Once trust is lost it can be hard to gain it back, and if you burn investors the same way twice, then the odds are high that they won’t get any investors the next time. I for one won’t ever invest with them if they scam early on the next one.