EDITOR’S NOTE: Bithaul, as we reported on Monday, September 25, is likely a scam. Withdrawals are virtually impossible. We have updated the text below, and have removed our affiliate links. TREAD LIGHTLY.
We joined two “Passive Income Platforms,” or “PIPs” as we call them, within the past few weeks. Both have been pretty fruitful – but both are also potentially risky, too. If you’re looking to get started on the passive income journey with your Bitcoins (and, in one case, with other currencies, too), here’s a breakdown.
What is Bitpetite?
Sounds simple, right? Money transfers. Cutting-edge technology. Okay…they’re doing something that really isn’t all that new to the Bitcoin and cryptocurrency world. Let’s scroll down a little more to find out what they mean:
Now I get it – they anonymize the transactions by pooling your coins with the coins of others; they charge a fee for doing this service. By “investing” in their platform, you can share in those fees through a daily interest rate.
There’s one catch – we’ve talked about it before and we’ll continue to talk about it here; we are part of their AFFILIATE PROGRAM (here’s the link: Bitpetite Affiliate Link) and we pride ourselves in being as up front with you on all facets of all of these programs. That catch is that your “investment” is treated like a lease or rental fee. Think of it like investing in Genesis Mining (use our AFFILIATE CODE – waVTYG – to save 3%): you buy the mining capacity, but you will not get your initial investment back.
The returns can potentially be great – but, and this is important, they are NOT as great as they tell you on the site, because you DO NOT get your initial investment back.
When we started in the program, we only started with a tiny amount of Litecoin. As you can see from this screenshot, we are “in the black” and our profit is more than 20%. Not a bad return for what will, at the end, be a six-week term.
It’s the Affiliate Program, Baby…
Where we’ve had the most luck with Bitpetite is with its affiliate program. It’s potentially pretty lucrative – and if you know a “whale” or two that might want to try this program out, heck, sign up with this link and then invite them with your link.
Here’s the Affiliate Payout Plan:
Again, those whales: actually, it doesn’t take much “Level 1” activity to lead to bonuses.
Bitpetite’s Long-Term Potential?
- If you don’t have the keys, you don’t have the coins;
- A fool and his Bitcoins are soon parted;
- Do Your Own Research.
However, that being said, we have been able to withdraw both our earnings from our original LTC investment AND our affiliate commissions rather easily and quickly. So far, zero issues with website downtime. We remain cautiously optimistic – but we feel it necessary to point out to you, once again, that you are not investing in the way that you’d buy a share of stock and get the dividends; you are, in effect, sending them your share of stock and letting them send you rich dividends.
AFFILIATE LINK one more time: Bitpetite Affiliate Link.
What Is Bithaul? – LIKELY A SCAM
Bithaul (AFFILIATE LINK REMOVED) is so new that, when we signed up, the site was on day two of its existence. That was two weeks ago.
That screener will show you not only that they’ve been online for just 16 days, but they also have 158-plus Bitcoins under deposit. (And, in the top center of the image, that’s what I’ve thrown in there. A couple hundred dollars worth as of right now.)
Bithaul is closer to a mining platform than anything – it has a bunch of “behind the curtain” elements that remind us more of the three sites we mentioned above than the more trustworthy outlets like Bitconnect (THAT’S OUR AFFILIATE LINK) and Bitpetite.
However, we can give them this: we have successfully made a series of small withdrawals without any issues.
REMOVING OUR RECOMMENDATION – IT’S A SCAM
See our article from Monday. It’s a scam.
Is There A Winner?
Yes, for now – Bitpetite is the winner. Better platform, better history, better-looking site. And Bithaul is a SCAM, so there’s that. So stay tuned – we’ll keep tracking these platforms, and keep you updated. Those are both our AFFILIATE LINKS and we’d appreciate it if you support our site by using those to sign up – if you choose to sign up.
Thanks so much for reading.