RE: Follow up on Bitmagnet.biz

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Follow up on Bitmagnet.biz

in bitcoin •  8 years ago 

Do they pull 5% of your withdrawal every day? Or do they only impose the 5% when you withdraw your initial deposit?

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They only impose it when you withdraw a deposit. You can make multiple deposits. And they still paying.👍👍

I will be making my first withdrawal today. I am not sure how they are supporting these returns because if mining were this profitable everyone would do it. This thing says Ponzi scheme all the way to me but as long as this lasts > 30 days I will be in the green. Participating in a Ponzi scheme can be profitable as long as you're not holding the bag when the bottom drops out.

Yea, dont put all your eggs in one basket. But if you dont take risks, then you would not achieve much. I am also withdrawing every day, to play it safe.