Bitcoin Bob – Scam Exposed? [Full Review]

Bitcoin Bob was launched in the cryptocurrency space and claims to help the average joe earn $500 a day when they invest but is that really the truth?

Can you really generate those kind of ridiculous gains from simply getting started with this program called “Bitcoin Bob”? I’ve been investigating to learn more and now I’m ready to share my honest review below.

Before I start…

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What is Actually Bitcoin Bob?

First off, when you visit the Bitcoin Bob website, you do not really get much information, but an exciting opportunity to make $500 a day through economical cryptocurrencies. Later you are asked to fill in your name and email address (which is not recommended) to get to know more.

For practical purposes when the name and email address was entered, the page redirects you to a totally different web page. Once it redirected to the Monetize Coins’ website, a message appears Bitcoin Bob invites you to give it a try. After a couple more submissions on the original website of Bitcoin Bob, I was redirected to the  Davor Coin’s website, one of the Ponzi schemes that resembled BitConnect’ a lot. Many claim that Davor Coin’ is BitConnect’s variation. From all of these redirecting, it seems Bitcoin Bob cannot be trusted.

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Does Bitcoin Really Bob work?

Basically, Bitcoin Bob has been realized to be a work of sad affiliate marketing. It means the creator of the website will make money when you and others will sign up and invest in a wide range of cryptocurrency programs. In case you sign up on Monetize Coins or Bitcoin Bob, the creator’s money will be streaming in at your own expense legitimately.

If there are no sign-ups from your end, then Bitcoin Bob fires you mailers after mailers to convince you to give this genuine product a try and to make money. Once you join, you are part of a vicious circle where you will be morally forced to join other programs in lieu of making money. In reality, the creator might just be making this way and may not even be making an investment in any real cryptocurrencies and dodges the associated risks.

While all of this may be speculation at this point, but with the several websites to which one is directed, Bitcoin Bob offered it is safe to not put your hard earned money into their laps.

But, can you make money?

The answer will surprise you. Yes, you can, even though it is completely illegal and involves a risk factor of 100%. Taking Monetize Coins, for example, it resembles the workings and strategies of Davor Coin. Here the general notion is to sign up, make a purchase of the coin and lend the coin to the original creators so that they can invest it, which they claim will garner you crazy profits.

A little while after lending out the investment, you might notice a 1% or 2% gain every day, which will seem fairly decent. But, there is actually no possible way to know if the investment made is real or if it is actually invested somewhere.

BitConnect functioned in the exact same way until the authorities stepped in and realized that the lending was just another huge hoax, a huge Ponzi scheme, which made them shut it indefinitely. Ponzi schemes are basically big pyramids, where money can be made by convincing new people to joining in and invest.One can make a substancial amount at the higher levels, but it is not legal. However, in the end, a ton of people end of losing money out of their pockets because a hollow pyramid will fall someday.

Why would one invest in something, where there is a risk of collapse without notice?

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The Final Verdict!

Realistically, I cannot label Bitcoin Bob as a scam as it just redirects the investors to other websites, while Bob never seems to make money. Though, the websites one is bounced into seems very shady and creepy. Personally one should not invest in such websites, as they are all glorified Ponzi schemes.

But, potentially there is a way to make money out of these websites. Here the risk will outweigh the rewards you make. Only really crazy money will be made by the originators and their close friends who happened to join in early enough.

Overall, avoid such investments and try to make money the safe way. If you have any comments or questions, let us know in the section below.

Before you leave

If you’re tired of fraudsters and want a legitimate way of making money check out my no.1 recommendation.

It’s helped me earn over $300,000 in the last 12 months alone:

Go here to see my no.1 recommendation for making money online

(This is a 100% free training)