Name: Crypto Genesis
Type of Business: HYIP
Overall Rating: SCAM!
Not long ago, another “online market trade” site popped up and everyone seemed on board! It was on the up and up, promising huge payouts with simple and little effort, and at first every one was happy with the results.
And then, something happened. As with a lot of “get rich quick” schemes, once the money was supposed to start flowing in, the river of prosperity was dammed, leaving the general public to wonder just what went wrong.
First Let’s Take a Look at the Site Itself
Everything seems good at first glance. There is a host of information and options on how to invest, what your investments go towards, and an almost dizzying number of statistics.
But that is where it starts to fall apart. You may not have to be a statistician in order to understand the information, but it helps.
That is exactly what is wrong. If you have little to no experience in online stock and trading, this will all look like Greek gibberish.
There is very little to help a new coming fully understand what it is he or she is getting themselves into.
Second Thing to Look at is Frankly Just how Quickly it Failed
It was almost as if it was doomed before it began. There is the odd reports of payouts here and there, but it seems the only ones who received any money at all were the initial investors.
Basically it seems the more you look into the company, the more it appears as though only the creators were the ones to gain any profit at all.
By all accounts, it looks as if this site went down only weeks after launch. I’m not sure what that says about a company, but it can not be good.
Once you start really looking into things, the more complicated it becomes. There are entire threads of online reviews that go on and on about how complicated, confusing, and overall convoluted the whole ordeal is/was.
You do find the odd positive review, but most of the general public agrees that, although the site may have been off to a decent start, within weeks everything went downhill.
The payouts stopped and no one was seeing a single penny anymore. So what happened?
It’s hard to say, really. You could chalk it up to inexperience by the original owner or perhaps just blatant scam artist.
Some even say the administrator simply made the amount of money he needed and just pulled out of the market all together.
In fact, once the site was listed on MNO, Davidnews, and a whole list of HYIP monitors and blogs it was well recieved and got plenty of new investors!
So where DID all that money go? Whatever the case, the site as well as the company admin, seems to have been black listed all around.
So, if you’re looking to invest, please, take your money to a more repeatable source. Trust me, your bank account will thank you.