Can you really make over $200,000 a month with One Bitcoin a Day? In the One Bitcoin a Day video, Justin Hagan shows you how to use his highly advanced cryptocurrency algorithm to earn tons of cash on autopilot. However, dig a little deeper and you’ll see how much you can really earn. Keep reading to see the Devil in the details.
Product Website: onebitcoinaday.co
Product Cost: Minimum $250 Deposit.
Product Owner: Cannot Be Determined.
Ranking: NOT Recommended
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What is One Bitcoin a Day?
Interest in cryptocurrency trading borders on the hysterical. Thanks to the astronomic rise of Bitcoin and other digital currencies, people from all walks of life are now attracted to cryptocurrency trading in the hopes of making a quick buck. Still, most potential investors know very little, if anything, about cryptocurrencies, and this makes programs like One Bitcoin a Day seem like a fantastic way to earn some quick cash without having to do a thing. Do you think that is really possible?
Like many other similar programs, this one attempts to hook people with a video telling them how the program will enable them to make a least one whole Bitcoin per day without working for it. In fact, the video claims that the program will allow you to earn one Bitcoin in only 15 minutes just like the program’s founder, Justin Hagan.
This program relies heavily on Hagan to sell customers on its effectiveness and trustworthiness. Some sites even claim that he is a well-known billionaire featured on Forbes’ list of the 300 richest people in the world. The only problem is that Justin Hagan doesn’t exist.
According to the One Bitcoin a Day sales video, after signing up for the program and paying an initial deposit, users can take advantage of a special algorithm that automatically buys and sells cryptocurrencies for maximum profits.
Although the price of bitcoin has fluctuated wildly in recent months, at the time of this writing, one bitcoin is worth more than $8,000. This means that this cryptocurrency auto-trading software promises you the ability to make over $240,000 a month. The only problem is that there is very little evidence of how or if the program actually works.
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Is one bitcoin a day a Scam?
Before signing up for any investment program, it is always important to fully read through the terms and conditions. In this case, the T&C provides a number of details that immediately reveal it to be a scam. For starters, it clearly states that the video is fake and only meant to advertise the ‘potential’ of its third-party signals trading software. In fact, it actually says that the video is for entertainment purposes only and that there is no guarantee of success.
Furthermore, it goes on to tell how the software is actually a type of Forex and binary options signals auto-trading software, which means it has very little to do with cryptocurrencies. This type of signals trading software is quite commonly used in Forex and binary options trading scams, which promise huge earnings but in reality, are simply a way to steal your money.
When you watch the video again closely, you will also see numerous other clues that the program and Justin Hagan are fake. Despite the British accent used for the voiceover, the video’s numerous grammatical errors and low production value aren’t the type of thing you’d expect from a company that apparently earns millions upon millions of dollars a year.
How the One-Bitcoin-a-Day Scam Works.
After you sign up for the One Bitcoin a Day program, you will be prompted to make a minimum initial deposit of $250 with Metainvesting. Unfortunately for you, Metainvesting is an unregulated trader, and this means that all you’re doing is putting your money in their pockets.
The purpose of One Bitcoin a Day is to entice people to give $250 to Metainvesting in the hopes of earning huge profits almost instantly. Unfortunately, some people are enticed by the video or the supposed live feed of trading results and end up registering. At this point, the apparently trustworthy Justin Hagan will again reappear to explain how he will activate your account and then manage it for you.
This type of managed account is fairly common when using a licensed, regulated broker and allows the broker to completely control the account and make trades on your behalf. However, managed accounts have strict regulations and contingencies that must be met before you can withdraw your money. This means that your withdrawal access will be automatically restricted if you’re unable to meet the requirements.
Many auto-trading scams work in exactly this way through managed accounts. The fact that you are unable to control your account means it will be impossible for you to meet the withdrawal requirements, which in turn means that you will have no way of getting your money back once you’ve made a deposit. In essence, you will find that your withdrawal access has been restricted as soon as you realize it’s all a scam and try to get your money back.
In fact, you will usually see that your account is beginning to lose money immediately after you’ve made your deposit in spite of the claims that you’ll earn an entire Bitcoin every day. The problem is that your account will immediately be blocked as soon as you realize this and attempt to withdraw your remaining money, which means you’ll lose your $250 or however much you put down as an initial deposit.
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If you found this article helpful or have experience with One Bitcoin a Day, please leave a comment below. Thank you.
Thank you for the post. Its shame the media like thesun.co.uk shows advertisements of this saying ‘One Bitcoin A day’ got huge investment. And, Google ads show this as well. Shame they don’t ‘ve any controls in place to block these scammers
Hi Gary
Thank you for warning people about One Bitcoin A Day scam.
I was curious too when news of Li Ka-Shing’s new investment venture in One Bitcoin A Day was shown in a scam site! Wonder if the news true?
Thank you
Hi, Marilyn!
Li Ka-Shing did not invest in One Bitcoin a Day. One Bitcoin a Day is a scam and Li Ka-Shing’s analysts would quickly realize that. It’s my understanding that Li Ka-Shing is investing in a cryptocurrency exchange. He is building a platform called BitPay that is said to be similar to PayPal but based on bitcoin.
Thanks for stopping by,
Gary
How do i determine that you are not a scam????
Hi, Eddie!
A clue that I’m not a scam is that I don’t ask for money or for anything. You can learn how to avoid scams in my article How to Really Make Money Online and Never Get Scammed.
Thanks for stopping by,
Gary
Although I already lost my appetite on these Bitcoin and crypto opportunities, I am not closing my doors entirely to these money making options. It’s just that, based on my experience, and based on what you have said here, it is so disappointing how people have become greedy these days.
If anyone is interested in riding the momentum these crypto opportunities are now having, especially with Bitcoin, the safest way is to just deposit money in a trusted Bitcoin wallet and just let the value appreciate. Then, when you’re satisfied with the gains, cash out. Convert to fiat. No fancy stuff, and stay out of scams.
Hi, Gomer!
I’m suspicious of all cryptocurrencies. However, as you point out, if you can get in at a very low price and understand you are speculating and not investing, they you may enjoy some nice returns. Bitcoin is too costly now, but some of the altcoins might still be worth speculating in. Just be sure not to put any money in it that you can’t afford to lose.
Thanks for stopping by,
Gary
I tell you what, I hate these scams that are really starting to pop up regarding bitcoin and other cryptocurrencies. The fact that this so called founder, Justin Hagan should be an immediate red flag. It also claiming that you can make another $240,000 is also another big red flag. Nope, I will steer clear of one bitcoin a day. Thank you so much for posting this.
Hi, Brian!
You’re wise to steer clear of anything promising instant, easy riches.
These scammers are always re-inventing themselves. For now, it’s One Bitcoin a Day because bitcoin is in the news. The truth is, One Bitcoin a Day has nothing to do with bitcoin. The scammers just stole the name to fool people.
Thanks for stopping by,
Gary
This was a good read. I am a student who is new to investing and cryptocurrency. I have started looking for a site that specializes in trading and investing cryptocurrency. While investing on the surface sounds great but I notice how investments like One Bitcoin a Day or dare I say it, Bitconnect claim that if investors put money to this algorithm or a trading bot they will give them more money. As you mention there is really no depth of how this money, there is no specification about the algorithm being used.
You know this is just plain sad because people who do not know about the basic concepts of investing in seeds, they just believe you can make money just by pushing a button. I watch video footage of reaction of people who invest their life savings into these services just to lose most if not all!
Anyway, I look up to bloggers like yourself who explain the services we need to look out for. Yes, cryptocurrency is great and learning to invest awesome buts always important to read between the lines before but your hard earned money into it. Feel free to take a look! Thanks for the post. Keep doing you!
Hi, Kathy!
I don’t recommend bitcoin or cryptocurrencies as investments. To have a chance to make money with an investment, you must first know the true value of it. Because crypto has no intrinsic value, there is not way to know if you are buying it above or below what you can sell it for. You can only guess. When all you can do is guess and hope an investment will make money, you are nearly guaranteed to lose money. You can’t get rich losing money.
Kathy, if you want to learn how to invest the way the most successful investors have invested for the past 80 years, I highly recommend you get a copy of the book by Phil Town called “Rule #1.” He teaches the same method Warren Buffet used to build a multi-billion dollar empire. It’s the only method you need to know to become very rich. The method is stress free and only takes about 15 minutes a week to manage. Do yourself a favor and get the book, it’s about $12 on Amazon.
Thanks for stopping by,
Gary
Gary,
You once again took the time to point out a fraud method purportedly designed to help people earn income online through cryptocurrency trading, and in particular One bitcoin.
It is such a sad statement that so many people in the world will resort to doing anything in order to make a fast buck. These individuals are often quite reckless in their quest to earn money anyway they can, as often they fail to do any research on a company that “supposedly” will enable them to reach nirvana; attaining financial freedom.
As you took the time to point out, at this time crytocurrency trading, especially if one has no clue what he/she is doing is very risky to put it mildly.
This One Bitcoin opportunity having to do with cryptocurrency, was designed by a completely bogus individual who does not exist. I commend you for pointing this out in your review as undoubtedly individuals who are completely naive by the lack of education regarding trading would not have bothered to do research on this guy – they would just have $$$$ in front of their eyes and go all in by deposting the initial $250 into One bitcoin. They would not even see a return on their investment.
Companies like this will continue to exist online just as long as there are greedy people in the world looking to make a quick buck.
Great review as usual!
Jeff
Hi, Jeff!
I agree, unfortunately, schemes like One Bitcoin a Day will always be with us. The name will chase to fit whatever is trending, but the scam remains the same.
You bring up a good point, it seems to me that it would be easier to build a legitimate business instead of a scam. A legitimate business will continue to grow year after year as its good reputation spreads. The complete opposite happens with a scam site like One Bitcoin a Day. As it reputation spreads, the business dies.
I do hope people learn to spot these scams from a safe distance, but as you mentioned, there will always be someone so greedy they fail to see the warning signs.
Thanks for stopping by,
Gary
Gary,
Thank you for warning people about this Bitcoin Scam. The information is well written and very understandable. To realize that the One Bitcoin a Day video is fake and that Justin Hagan does not exist is enough to convince me to run in the opposite direction and not look back. And to make a $250 investment to put in their pockets, ABSURD! You have saved a lot of people from making a big mistake
Thank You
Hi, Steve!
The One Bitcoin a Day scheme is just the latest flavor of an old scam. The only thing that changes is the name. These guys will use any name they can find that gives their con an air of legitimacy. For every new cryptocurrency name that appears in the news, somebody, somewhere is turn it into a scam.
Thanks for stopping by,
Gary
Gary,
Thank you for warning people about this Bitcoin Scam. The information is well written and very understandable. For someone to tell you that a video is fake and that Justin Hagan does not exist and a cause to run in the opposite direction and not look back. And to make a $250 investment to put in their pockets, ABSURD! You have saved a lot of people from making a big mistake
Thank You
Hi, Captain Steve!
I agree, One Bitcoin a Day is indeed absurd. Unfortunately, people do fall for it. Usually, the more desperate someone is to escape their financial situation the more probable it is they will try anything. One Bitcoin a Day claims to be free to try. Imagine someone who is desperate to make money and who believes they can make money for free. They get so excited they want to believe it’s true and before they realize it, they are drawn into the scam.
Thanks for stopping by,
Gary