What is a HYIP

What is a HYIP – Bitero Review | SCAM


What is a HYIP you ask, well HYIP stands for High-Yield Investment Program (HYIP), and this is what the U.S. Securities and Exchange Commission has to say about High Yield Investment Programs “These are unregistered investments typically run by unlicensed individuals – and they are often frauds.”

Today I will be doing a review for you on a HYIP that I have found which is currently paying out, it is Bitero, is it a scam? Well at the moment I would have to say no because they are paying out 12% interest a week. Is it a Ponzi scheme?

Can they sustain that, I don’t know, are they genuine, I don’t know. Let’s have a look at Bitero, and then you won’t have to ask What is a HYIP, and you can make up your own mind if you think it is a scam or not. I will add HYIP to the Understanding The Crypto Lingo post.

I have invested the minimum amount of 0.005 BTC into Bitero, this gives me access to the platform and all the information, and I canscam track it in real-time to make sure they are legit and are paying out, I will post my payout results weekly in the comments section for you.

Remember – If it sounds too good to be true it, it probably is!

Bitero Review

Name: Bitero
Website: www.bitero.io
Price: Minimum investment is 0.005 BTC
CEO: PAVLO YASENCHUK  –   read more about Pavlo

 


The Team

Click on the names to find out more about the team members.

Chief Financial Officer ==>>Do Hun Min.

Chief Marketing Officer ==>>David Leakens

Chief Technical Officer ==>>Marvin Faurent


Bitero Product Overview

THE BITERO OFFER

Register and invest in the 30-day Bitero investment package that combines revenue streams from four different investment markets. We guarantee our customers a daily profit of 2.0% on workdays and 1.0% on weekends. This daily percentage of profit will be available to our users for instant withdrawal, 24/7. Investors can reclaim their deposit at any time.

Bitero is a new company that has gathered a team of experts to offer you a HYIP. They claim to invest in 4 main areas.

  1. FOREX MARKETS – Market daily volume $5.1 trillion – Portfolio E%-55%
  2. DIGITAL EXCHANGE – Market daily volume $237 billion – Portfolio “%-32%
  3. BITCOIN MINING – Market daily volume $15,8 million – Portfolio %8%-14%
  4. VENTURE CAPITAL – Market daily volume $383 million – Portfolio %-20%

They spread the investments for diversification, Bitero says “Developing a diverse investment portfolio that is based on expert analysis guarantees a higher rate of success and therefore allows us to cement the daily profit needed to deliver the promised accrual rates to our customers.

Investment Terms/Returns

Cycle – 30 Days can start anytime.

Minimum Deposit – 0.005 BTC

Interest – Mon to Fri 2% Daily, weekends Sat & Sun 1 % Daily (Total weekly =12%)

The investment amount has no maximum limit, and you can also return your deposit at your convenience. Deposit return has a processing fee of 10% if done during the 30-day term.

Returns are paid every 24hr and can be reinvested for compounding interest. You can choose any percentage to reinvest and compound, or you can collect the daily interest for profit without compounding, it’s up to you.

Affiliate Program – Ponzi Scheme?

This is where it gets a little interesting, and they appear to have an excellent affiliate program. They have all the marketing material for you to use to help you promote Bitero. At the first, novice level, associates earn 5% commission from all direct referrals, and an extra 1% commission on the first three passive referrals levels.

scamA good affiliate program is great for any company to grow business but is this how Bitero are raising money for the daily payouts? They claim to be making profits from investing, but I have found no proof of this yet, I am not saying they are a scam, just that they are not transparent with where the money is coming from.

This is what Investopedia says about HYIP “In reality, these high-yield investment programs are Ponzi schemes, and the organizers aim to steal the money invested. In a Ponzi scheme, money from new investors is taken to pay returns to established investors. Money is not invested, and no actual underlying returns are earned; new money is just used to pay people who entered the scam earlier than they did.”

Bitero is paying out at the time of writing this, and I will update this post with the payouts I receive in the comments below, now I would like to believe that they are making money and the payouts come from investing in the 4 areas they claim. I guess time will tell and we will see if this is just a Ponzi or a genuine HYIP.

Good -Bad, Yes/No? BAD SCAM

I am still not sure about Bitero, on the outside, they appear to be very professional and genuine, and they are currently paying out. It is a good website, easy to use with a clear roadmap and vision, and they have a good affiliate program, they also have a Bounty Program where you can earn BTC by helping promote them.

I have not contacted them directly yet, but through my research, I have concluded that support at Bitero is good, they also have good ratings on Trustpilot. They have 545 reviews with a 95% excellent score you can view them at Trustpilot. The returns of 12% a week are awesome, and they are currently paying out, I can’t find any bad information about them yet.

Update 8/01/2021

See below about the Bitero exit scam.

I found out that the Trustpilot reviews were paid reviews as well. When I looked into their Bounty program, they reward people for leaving positive reviews. If any links or video do not work on this post, they have been disabled due to the scam.

It is only early days for Bitero. They are a new business only time will tell if they are genuine or just another Ponzi. I have only invested a small amount of 0.005 BTC and will withdraw that once I have made it back in profits. I will then invest with profits that way if anything goes wrong, I will not lose my capital. Hopefully, they will continue to payout. I will post my results for you in comments.

Some Questions Answered

My Final Thoughts  SCAMMED!

You asked What is a HYIP well I hope this article gives you a bit of an idea of what these HYIP’s are all about, yes most are scams, but Bitero is paying out for now and appears as if they want to be around for a while. Do your own research and decide for yourself if they are genuine or not.

I think that these types of returns are possible from investing, but I am not convinced that Bitero is genuine, they may be a Ponzi like I said make up your own mind, and don’t invest more than you can afford to lose.

My main reason for posting about Bitero is someone asked what is a HYIP, and I wanted to show people what is out there and what is possible with crypto. Let me know in the comments your thoughts on this one and make sure you post your profits if you get on board with Bitero. I will keep you updated on this one, and hopefully, it will turn out to be the real deal remember…

Be the Best you can Be

Crypto Dave


❗ DISCLAIMER: I am not a financial advisor. This is not financial advice. The content and material I provide on 2dsirecrypto.com is my opinion only and general in nature. Always do your own research before investing any money. You should always understand the risks involved in trading and investing and seek advice from licensed professionals before undertaking any investments of your own.


Update on Investment.

Welcome to the first update on my Bitero investment, as you know, I invested 0.005 BTC.

I have been paid out now for 8 days and have earned a total of 0.00068768 BTC.  – 3/01/2021

Bitcoin has reached an ATH overnight and is at $32,500. At that rate, I have earned about $29 AUD.

I will keep you updated weekly.

 

 

SCAM Warning!

Update 8/01/2021

Well, it happened, Bitero did the EXIT SCAM. They shut down and disappeared overnight, all money gone. I had a feeling that this would happen, but I didn’t think it would happen just yet.

Apparently, Pavlo was a paid actor.

This is how these types of scams work, and they got me too. Lucky I just invested the minimum, I was hoping to get back my initial deposit, but that didn’t happen. It turned out to be a good live example of a SCAM that I could show you all anyway.

Now when someone asks What is a HYIP you can tell them about the Bitero SCAM.

If you are looking for a Genuine way to invest with crypto, check out my review on CAKE DeFi. They are 100% transparent and have great returns. I have been using them for months, and they are great.

CAKE Click Here


 

14 thoughts on “What is a HYIP – Bitero Review | SCAM”

  1. I’ve always been skeptical about crypto currencies, then it worsened when I made some attempts and lost some bucks in the process. But this information your presented here about Bitero makes me want to give it another try, since this seems to be legitimate. But I’ll not like to walk alone on this, Please can you be my coach and guide? Let me know so we can get started.

    1. Peter, I am more than happy to help you get started with Bitero, just click on this link ==>> https://2dsirecrypto.com/Biter

      I have already invested and been paid today if you are keen just follow the directions on the website to start if you need a hand just ask.

      Crypto Dave

  2. Hello Dave, I came to this article without any knowledge of HYIPs or Bitero, and I appreciate your unambiguous and concise description of the topic. I am a person that is very wary of high-yield investments and anyone that promises to pay out insane interest rates like 1% per day. However, I find your strategy of investing a small amount first, testing the system, and then just re-investing the profits you have made a very wise one. I might try it myself. How would I go about buying a bitcoin, are there any platforms you would recommend? 

    1. Hi Drea

      One of the easiest ways to buy crypto for you would be at Coinspot or Coinbase, they are both reputable safe exchanges to buy sell and transfer your crypto, check out a few of the other articles in the Trading Basics tab under the Blog menu tab at the top of the page.

      If you get stuck or need any help just ask and remember…

      There are NO Limits!

      Crypto Dave

  3. Thanks for explaining HYIP and Bitero. I’ve stumbled upon their website a few days ago after my Facebook friend shares his affiliate link. I’m usually a conservative person, so it’s a bit hard to convince me in this typical high return investment program. Do you know if any member of their programs has been able to make a payout? I’m a bit curious. Thanks

    1. I have just joined myself so will tell you in 29 days when I can withdraw. In my research, I have come across people that have been paid out, they say it is quick too. Time will tell but the more I see the more I like about Bitero.

      Crypto Dave

  4. Hi, Dave! First, I want to thank you for writing this post. I read it and visited Bitero. It is a very new program. Its returns are unusually high. But as you said, so far there has been no negative news about it. So it works well. I’m going to wait and see for a while.

    1. Hi Sam, Keep an eye out on here I will post weekly updates of their performance. I will be playing with profits before long so at that point I can’t lose.

      The more I see the more I like about Bitero but time will be the ultimate test.

      Crypto Dave

  5. Peggy Scott (True2U2)

    I really enjoyed your website.  I’m curious about the Bitcoin and how you actually get your returns on your investment.  I did download the free-book and I hope it will answer a few questions for me.  When are you going to post your earnings?   Did I understand correctly that you’ll do this each month?  I have a lot of questions, and I’m sure I’ll have more once I read the book so I look forward to speaking with you. 
    Thank You.
    True2U

    1. Hi, If you go to the bottom of the page I have posted results so far, I will do this weekly. I should get about 52% ROI in 30 Days.

      The free ebook is general in nature, but if you are keen to start creating some Wealth with Crypto, try the free course. Feel free to ask any question you have along the way and remember …

      Be the Best you can Be

      Crypto Dave

  6. This was my first read about an HYIP and I found your article fascinating and very easy to read. It all made a lot of sense and I felt that your idea of investing just a little and taking that out and then reinvesting the profit a great plan. I’ve traded in normal shares on and off for years and sometimes done very well. Great to hear that so far you have made $29 AUD.

    It will be interesting to see how it all pans out over a year. A little concerning that you can’t get any verification that the profits are from the investing structure, I smell and Ponsie. Keep us posted Dave.

    1. Hi Lily, Yes I think it may be a Ponzi, I entered the minimum amount as an experiment, and I plan to get my initial investment back ASAP and play with the profits.

      I will update the post weekly for you.

  7. Hi Dave, 

    I would love to get involved in an investment program with high yields. This seems like you said a possibility. I will return in a bit and see what you have posted. I am interested in what kind of payout you might see. 

    This has been an interesting find. I also wonder how Bitero will hold out. I will share this with some friends too. If this turns out good I would hate to have not shared with them.

    Thanks,

    1. Hi, Yes they are currently paying, and I will let you know if they stop, don’t invest any more than you can afford to lose. There are many HYIP out there, but this one looks the best at the moment.

      If you are interested in creating some Wealth with Crypto check out the free trading course Bitcoin has made around 200% in the last few months.

      Good Luck

      Crypto Dave

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