Is USI Tech a Scam? – I’m taking the risk, so you don’t have to…
Name: USI Tech
Website: usitech-int.com
Founders: Horst Jicha and Ralf Gold
Bare Naked Scam rating: SCAM
#1 Recommended Online Business Training with Proof: Click Here
Update 11 August 2018: Things have turned south!
Firstly, I want to apologies to people who’ve joined this program through this page.
I went into this with an open mind, and I personally invested some money into this program.
Due to the recent probe by the FTC, the USI Tech has re-branded its business yet again, and has caused people who’ve invested in the past to lose all the money that they’ve promised to return.
A good example would be my personal experience. I didn’t see any of the past investment in my account. It was completely wiped out!
I’ve contacted the support and they said that they are migrating data to the new platform, and that’es why I couldn’t see my package info.
So, I waited for several weeks, if I am not wrong, more than a month to finally see this under the “completed” tab:
However, I don’t seem to have received any returns. So, I’ve contacted the support once again, but to no avail…
It’s 11 August 2018, and it has been 58 days (almost 2 months), but there’s no response.
I really hope that you will stay away from this. If you have personally lost money with the old USI Tech, I recommend that you file a complaint with the FTC.
Is USI Tech a Scam?
So, you’ve heard for several years now that Bitcoin is the future currency, and you should invest in it.
But you don’t know where to start or how to do it.
USI Tech is said to be the gateway to invest in Bitcoin and you can double or triple your Bitcoin investment within 140 days.
Could it be true or is it just a scam? In this review, I am going to share with you everything that you need to know in order to make an informed decision.
Just a summary, there has been a lot of claims about this company being a scam or a ponzi scheme, yet there are also many people who claimed to have benefited from this company.
I’ve done an extensive research and here’s what I’ve found:
- There are several issues that led people to believe this is a scam,
but there is no concrete proof backing up those claim;Now, I have concrete proof, my personal experience above. Not one person has lost any money investing in this company, yet.I’ve personally lost money to this!
So, instead of passing judgement without any proof, I’ve decided to act on this opportunity. Here’s what I’ve invested:
0.0305 BTC converts to $306.86 on 1 December 2017 (Price per Bitcoin on 1 December was $10,061.01).
I will update this review again with my results. – Updated with my final decision. USI TECH IS A SCAM!
Update 1: Date of Investment + 3 Business Days (6 December 2017)
So, 3 working days have passed, and here’s the results.
This means that I’ve earned 0.00079 BTC in 3 days which is equivalent to $9.77 (0.00079 x $12,370.53) based on the price of Bitcoin $12,370.53 (6 Dec 2017).
Which means that it is a 3.18% return on investment ($9.77 / $306.86 x 100).
I’ll keep updating this till I’ve cashed out from the USI Tech.
Keep a look out for my update on 11 December 2017. If you like me to notify you on my updates, you can [thrive_2step id=’6443′]subscribe to this post[/thrive_2step].
Update 2: Date of Investment + 6 Business Days (11 December 2017)
As promised, here’s the update on 11 December 2017.
The price of a Bitcoin is $16,449.00 as of today.
I’ve earned 0.00155 BTC in the past 6 working days which is equivalent to $25.50 (0.00155 x $16,449.00).
This means that it is a 8.31% return on investment ($25.50 / $306.86 x 100).
Not bad for a start. Nowhere in the capital markets can earn you 8.31% return of investment in a short span of 6 days.
But, lets keep monitoring…
I’ll update you again on 18 December 2017 (Monday).
Update 3: Date of Investment + 11 Business Days (18 December 2017)
Another 5 working days have passed, and what’s the results?
The price of a Bitcoin on 18 December 2017 is $20,611.23.
Since my first investment into Bitcoin on 1 December 2017 (Price of Bitcoin on 1 December 2017 was $10,061.01), the return on investment as of today (18 December 2017) is 104.86%. That’s just the price of Bitcoin alone.
I have not factored the amount of Bitcoin I’ve earned from USI Tech.
It is still not too late to invest in Bitcoin in my opinion, and if you want to do so, I’ve prepared this [thrive_2step id=’6443′]simple step by step guide[/thrive_2step] for you.
Now, back to USI Tech.
I’ve earned a total of 0.0028 Bitcoin throughout this 11 working days.
The value of the earnings from USI Tech is equivalent to $57.71, which is a return of investment of 18.81% ($57.71/306.86 (Initial Investment) x 100).
If the price of the Bitcoin continues to climb, and the amount of Bitcoin earnings from USI Tech increases steadily, we can expect that my overall investment with USI Tech to double or triple by the end of 140 days.
Let’s pray that I will be able to cash out my earnings like I’ve planned (my plan is discussed below).
Here’s a [thrive_2step id=’6443′]simple guide[/thrive_2step] for you to join USI Tech and invest in Bitcoin.
Watch out for my next update on New Year’s Day (1 January 2018). Happy Holidays!
Update 4: Date of Investment + 21 Business Days (1 January 2018)
Merry Christmas and a Happy New Year! As promised, I’ll publish an update though its on new years day.
A lot has happened over the holiday season and the price movement of the Bitcoin was like riding on a roller coaster.
The price of Bitcoin on 1 January 2018 is $15,235.25.
Now to the performance of USI Tech…
Since my last update, I’ve made an additional 0.00245 bitcoin which equates to $37.33.
For the past 21 business days, I’ve earned a total of 0.00525 bitcoin which equates to $79.99.
Considering the fact that my initial investment was only $306.86, it is a 26% return on investment ($79.99 / $306.86 x 100%) to date. Not bad at all!
USI TECH SCAM – Update 5: Account has been wiped out!
I am sure many of you have already experienced this.
Your account is completely ZERO!
As panic as you are, I have contacted the support and it seems that they are migrating to a new version 2.0.
So, they have not completely migrated all the data, but it seems that those of us who have not cashed out yet will still be able to receive a payout when it matures.
I’ve extracted the most important information you need to know about the migration:
One thing that strikes me is that instead of the 140% it promises previously, they reduced it to a 100% return. Honestly, it is still fine, as long as I get my profit plus my initial capital.
So, if your account is zero now, don’t panic, I am not sure when the migration will be complete, but I hope it will be soon.
Once the migration is completed, USI Tech will give a formal announcement.
Till then, I’ll just wait, and I’ll update this review when I see the updated data in my account.
Gullible me who’ve tried to defend this company. I am truly sorry for this.
What is Bitcoin?
Before you start investing into Bitcoin, it is important that you understand what you are getting into:
What is USI Tech?
If you wish to grow your Bitcoin reserves in your Cryptocurrency wallet, or you are just starting out to invest in cryptocurrencies, then USI Tech may be the investment opportunity for you.
Although the USI Tech operates under a Multi-Level Marketing (MLM) structure, it is free to join (Don’t join this scam).
And, even if you don’t purchase any Bitcoin investment packages from them, you can still earn a 10% commission by referring others to this program.
This company intends to grow your Bitcoin investment at approximately 1% compounding interest for 140 days if you invest with them. In other words, every $100 dollars you invest with them, you could easily double or triple the amount invested.
Now, you must be thinking, is it all true? Can you really make that kind of money? It sounds scammy, right? I had that feeling too.
But, as far as I know, USI Tech has been keeping their promises up till now, and has been paying their investors on time.
Though there are some issues that are not transparent at the moment, we can’t judge this opportunity without concrete evidence.
We’ll talk more about the concerns that I have about this company below.
USI Tech used to focus on their automated Forex Trading system to generate the interest payments to its investors (they did have trading logs to show real trading activities), but on 1 November 2017, they have discontinued this avenue and have shifted their focus to Bitcoin.
So, the real question now is, how can USI Tech generate the 1% daily compounding interest to you without the Forex Trading System.
Can USI Tech generate the Interest Payments now?
How does USI Tech actually work and how is it possible that they are generating that level of return on investment?
Here’s what USI Tech do to generate that return on investment for you:
- Outcoin Mining – This is basically to mine other types of cryptocurrencies (other than Bitcoin), and converting them to Bitcoin for a profit.
- Partnership Mining – It is said that USI Tech has spent over $700 Million to invest in Bitcoin Mining Equipment and they have stored those equipments in 3rd party cryptocurrency miners (which cannot be named) to operate.
- Arbitrage Trading – In terms of Forex, this is a risk free trading strategy which requires quick and snap action to take advantage of price discrepancies between 3 currencies. In terms of cryptocurrency, I don’t know how that works.
- Large Movement Trading and others…
The good thing about USI Tech is that they are committed to transparency, but it remains to be seen.
They promised to provide its investors proof of activities on the profit generation of the Bitcoins in time to come.
At this moment, we can only rely on the words of the founders and hope that this function can be released by early 2018.
So far I haven’t seen anyone losing money from USI Tech, so, if you are like me, who don’t want to wait and see if this is real or it is actually a scam, you can [thrive_2step id=’6443′] join me in USI Tech [/thrive_2step], and I will guide you step-by-step to invest in USI Tech.
Yes, there are several steps you need to take to invest in this opportunity, and it may be confusing if you are totally new to this.
I’ve pulled my hair for a several days just to get this started, and I thought that by creating this guide, you can complete this investment within a hour or so.
My Concerns about USI Tech
Here are some of the concerns I have regarding USI Tech:
- Uncharted Waters – USI Tech was known for its success rate in trading Forex, but now the attention is shifted to Bitcoin solely, I am not sure if they can still hold their end of the bargain.
- Proof of Trading – As I have mentioned above, this remains to be seen, and I hope that we, as investors, will be able to see the trading activities soon.
- Is there risk when investing with USI Tech – In my opinion, when it comes to investing, there is always a risk. The biggest risk you may take is your initial capital. If USI Tech turns out to be a scam, you will lose 100% of your initial capital.
- USI Tech claims on purchasing Bitcoin Mining equipment – Some people commented that USI Tech took advantage of their visit to the Genesis Mining Farm to shoot a video that claimed that those equipments belongs to them. Although the equipment does look like it belong to Genesis Mining, but there is no concrete proof about those claims.
My Strategy on this…
Instead of waiting for time to tell if USI Tech is legit or a scam, I’ve decided to invest in this program to show you some proof.
I’ve purchased 5 packages from USI Tech and I will update this review again after 140 days to show you if USI Tech can really earn you that return.
Firstly, I would like to advise you that you should only invest money that you can part with, not with money that you need for survival.
And, do not borrow money just to invest because you risk losing your capital and you will be stuck with debts if everything goes south.
My strategy for this is to invest in 5 BTC packages which cost $306.86 (at the time of my purchase), and if my Bitcoin investment grows, I will use the profit to reinvest in the packages, and withdraw my initial capital when it permits.
What do you think of my strategy? Does it sound logical to you?
If it is, and you wish to join USI Tech, you can create a free account here and start investing.
However, if you don’t intend to invest money in this, but you still want to earn, you can sign up for free and earn a 10% commission for referring people to this company.
From there, once you have some capital from the commissions you’ve made, you can then invest in those BTC packages.
My Honest Opinion
There is no concrete proof to determine if USI Tech is a scam or if it is a legitimate business. Now, I have concrete proof that this is a scam. Read my update above.
As far as I know, there isn’t anyone who has loss money with this business opportunity yet. I’ve lost money as well as many others!
So, if you wish to invest in USI Tech, I would advise that you only invest the money that you can part with.
Do not invest money that will threaten your survival, and do not ever borrow money for this opportunity.
In case this is a flop, you don’t have to worry about your living expenses or to pay off any debts. – I’m glad that I’ve included these sentences here.
It is also possible to earn from USI Tech without investing any money. You can join USI Tech for free as an affiliate, and you will be compensated with a 10% commission on your referral’s investments.
For me, I have already invested in 5 Packages, and I will update this again after 140 days.
If you’ll like to receive an email about my update, you can click here.
Thanks for reading this review! I hope I have provided you with all the information you need in this unbiased review.
If you find this review helpful, please, help to share it with your friends and family by clicking on the social media buttons.
If you wish to discuss more about USI Tech, feel free to leave a comment below.
Your pal,
Jack
09/09/2018 – Now to top it all off, whatever meagre repayment we had received towards all loses from version 1 has now been wiped completely from our dashboards along with record of any proof of number packages initially purchased and gained through rebuys under version 1 due to recent site maintenance.
Yep. I sent them $700 which I never expect to see again, and encouraged a friend who also sent them $200…
We have all ignored the ‘Cardinal Rule’ – If it sounds too good to be true, it is!
A relative has told me about USI tech. I invested 40000 USD. Unfortunately 25000 was debt which im still paying with intrest. I was suppose to get money back in June. My advise to you is never give your money to anyone who promise to make you money from it. My back is broken due to debt and regret.
Thanks for sharing your story Ali! We need more comments like yours to help inform others.
Cheers!
~Jack (BareNakedScam)
100% scam…. ALL OF IT: UAE company, products, software, mining capacity, etc etc Rebranding as TechCoin or whatever names they want to use those guys are 100% scammers and systematic liars with a track record in scam MLM. Please expose them and contact us for legit legal action and police claims against them. These are the links to download from Google drive the pictures of those fraudsters and their UK scam team, also the link to their fake company registration in UAE:
Fraud team:
https://drive.google.com/file/d/1LxsFw_hRXS_-_y1QHKsHn52HPaglQfkS/view?usp=sharing
Fake UAE registration:
https://drive.google.com/open?id=1o2Jpn6Ifp4kLQ-zwxCdAxkeCK49Pb_3Z
Hey David,
Thanks for sharing this! Would you have more proof on the fake registration? Did you run a check on the RAK registry?
I hope you are able to share it here, because it can definitely help others understand USI Tech better.
Cheers!
~Jack (BareNakedScam)
I had 100 packages on Feb 22, 2018. On Feb 23, I had zero. USI Tech literally stole all 100 of my BTC packs, and my available balance. Without the packs, the balance doesn’t accrue. They continue to lie and stall me. I am filing a complaint with SEC on July 23 if USI Tech doesn’t deposit $5,000.00 USD worth of BTC in my account.
Until I get my money back, USI-Tech is absolutely, indisputably a ponzi scheme in every sense of the phrase.
Thanks for your comment! I share the same sentiment as you. I am scammed as well, but not as much as you. I”m sorry that you have to experience this. I hope you have already filed a complaint with the FTC.
Cheers!
~Jack (BareNakedScam)
13/06/2018
Hey Jack I invested in 61 packages just prior to the Jan 2018 ‘change over’. Since then I’ve not seen one cent? Have you? Or anyone else you know?
Thanks Tracey
I see my 5 packages in the rebuy section, and I am now trying to cash out. Will update you if I am successful with it.
Cheers!
~Jack (BareNakedScam)
I am not understanding how you are seeing your 5 packages in the rebuy section. I had accumulated 169 packages in version 1 between initial bought and then rebuys and at this date 23/06/2018 I am showing less than .0064881 in my balance which is less than the current value of 1 package!
Hi John,
I see it on “Package Options” >> “Package Status” >> “Rebuys”.
I’ve requested for information on how to cash out since 13 June 2018, but I have yet to receive an answer from them.
I’ve just send another reminder to them, and I will update you again.
If this goes south, let’s head over to the FTC to make a complain.
Cheers!
~Jack (BareNakedScam)
Hi I was wondering how this all turned out? Did you all keep trading, lose your money or gain on it.
David
It’s a big fat scam David! I’ve tried contacting them for a while now, and they have not responded. My money has gone down to waste. Please avoid it at all cause! I haven’t had the time to update this review, but I am going to do so now!
Cheers!
~Jack (BareNakedScam)
My introduction into crypto and bitcoin was with USI Tech
I got 113 packages from 26th of November until the 4th of December at a cost of 0.6 BTC and the price was pretty high then to boot…. i kept reinvesting and got my packages upto 185 and then decided i wanted to pull my money out… i got 3 payments and then my account was wiped and the new 2.0 packages were only valid and the 1.0 not.
i have sent emails asking whats going on and now don’t even get any replies with the lies of where my money has gone
without the interest just what i put in i am owed over 0.5btc
please if you are reading this do not invest with these scumbags scammers
Ben
Any further thoughts now the migration is complete? With the promise being kept to repay the original balance being so slow it could take years to recoup losses!
I finally see my balance in the account, and I am requesting for the withdrawal of funds.
I will let you know the details once the funds touches my account.
Cheers!
~Jack (BareNakedScam)
Hi Jack
I too bought a few packages in November 2017 to test it out. But when I looked into my account yesterday, there was nothing in it!
I panicked at first. But then I calmed down and wrote in to their help desk. I sincerely hope it was some glitch that is easily rectified.
I have not done any withdrawals so far and am puzzled as to how all the BTC s got wiped out. Cos you can’t withdraw the ones that have not completed the 140 day period and all the BTC packages that I had earned were also on automatic rebuy and therefore not withdrawable.
Plus I had my 2 questions that need to be answered to enable a withdraw. I hope I get my BTC packages back.
Will keep you guys posted.
Hey Amkl,
Same thing happened to me as well.
I’ve contacted the support and it says that they are migrating the info from version 1.0 to 2.0, and they will notify us when the migration is completed.
As of now, we can only wait.
I will update this review again once the migration is completed.
Cheers!
~Jack (BareNakedScam)
Can’t wait for your update! I had 60 packages that have now disappeared….USI latest update stating they will TRY to pay up to 100% (not the initial 140%) of any initial packages purchased before changing to their new package. I logged into my account today and all my existing packages and wallet infomation has gone!!! Personally not feeling confident i will see any money now and definately not using USI again!!! Maybe instead of going on their around the world trips to big note themselves they can pay their customers!!!
Same thing happened to me Ann! I’ve sent a support ticket and let’s see what’s their reply. I suggest you do the same as well.
You must be more anxious then I am having to know its 60 packages.
I will update you once again after I have a response from them.
Cheers!
~Jack (BareNakedScam)
As a part time trader, I can only go on what I have learned over the last three years.
One thing is certain – there are NO guarantees with cryptocurrencies!
Bitcoin is the best – by far, but it is so volatile it’s impossible to trade sensibly.
These guys are making claims on a volatile currency, that is still in it’s infancy – double or triple your Bitcoin investment within 140 days…never gonna happen!
Thanks so much for your input Chris!
This definitely put things into perspective.
Cheers!
~Jack (BareNakedScam)
Hey, Jack!
This is so good. Such a great review. I can’t wait for that 140 day update!
And thank you, Jack! I can’t express how much I value your practical approach. It’s definitely one thing to just read about it, search for the information about it and talk to people about it, yet it is a completely another to right off the bat invest and try to explore what USI Tech is really about!
I hope they don’t get you scammed!
Best of Luck, Jack!
Matiss
Thanks so much Matiss! Fingers crossed.
Hi,
That’s the thing, programs like this are always hiding the real identity of the company, staff and the owner.
This is based on confidence only between the program itself and the investors. Normally most of the peoples will willing to take the risk due to the attractive investment offers.
Yes we should be happy since you are the one who taking the risk and we can just monitoring together with you for the progress and performance about this program!
Your site is very informative, thanks a lot for the efforts that you put into the site, these kind of reviews could really help others to re-consider the final decision again!
@AJun
Thanks for your comment AJun! Apologies I haven’t been able to update this review recently. I am going to do it soon.
Cheers!
~Jack (BareNakedScam)
Hello Jack,
Thanks for the review of USI-Tech, this is the first time I have heard of them. I have to say I appreciate you putting your money up to help the rest of us see if this is a scam or worth investing in.
I’m going to bookmark this page and come back in a couple of months to see how you ended up. If things look legitimate, I think I might have to finally dip my toe into Bitcoins.
If things go well for you with USI-Tech or you planning on providing a review of their MLM program? I think that would be very interesting.
Thanks for the review.
Thanks kmv!
Hey Jack,
It seems like you are leaning more towards this being a legitimate business rather than a scam. However, it is always prudent for people to proceed with caution no matter what kind of program they join. In the grand scheme of things, Bitcoin is new and there are more players jumping into the game. I don’t think the concept of cryptocurrencies is going away. There will be plenty of speculation resulting in both winners and losers. It will be interesting to see who comes out ahead when the dust settles.
Best Regards,
Jim
Yeah Jim! You never know which side will win unless you take a dip into the uncharted water. And, if you wait until everything settles, you would have missed the opportunity entirely, so my advice is still to enter the cryptocurrency market with the money that you are comfortable losing.
Currency options like Bitcoin have raised a lot of questions for me.
I really like how detailed you were and the number of updates as you went through this process. The number of images and charts really put things in to perspective.
Even though you couldn’t come to a conclusion about whether or not things like this are a scam, it’s still an interesting read and important to think about.
Hey Joe,
Thanks for your comment!
I’m just looking forward to my payday! And, I can tell you if this is a same or if this is real.
Cheers!
~Jack (BareNakedScam)
USI seems to be the path of choice for those looking into getting into Bitcoin. I have heard of this company over and over again but just can’t seem to pull the trigger on it. the whole cryto thing is just so new and as of right now Bitcoin seems to be coming back down to earth. Thank you for the information though. Maybe one of these days I will finally pull the trigger and USI tech would more than likely be the path that I use.
Thanks Nate!
I hope you will take action with Cryptocurrencies (even if it is not through USI Tech). Nobody can predict the future, and if you have extra cash to invest, I would advise that you do so (at least a small amount) with Crytocurrencies.
Cheers!
~Jack (BareNakedScam)
As of recently Jan. 2018 they no longer will be doing business with people from the U.S. They will give back everyone’s investment. I signed up but never funded my account. So glad I didn’t!
Yup! Unfortunately, U.S. and Canada has forced USI Tech to shut down its operations. The business is still running though, and I still see influx of Bitcoin. I’m not sure if I will be able to cash out when it expires in 140 days.
Looking forward to that.
Cheers!
~Jack (BareNakedScam)
Wow…I have heard much about Bitcoin and it does create some bit of anxiety to think of not seeing cash as in printing money. On the other hand, I mostly use credit card and so no cash there. I do feel quite strongly this is the up and coming reality. It is still risky and I agree with you to not invest more than we can afford. I’m curious to try it…
Are you able to sell your Bitcoin shares anytime you want or do you have to leave your investment over a period of time?
Hi Monica,
If you invest in USI Tech, you’ll have to wait for 140 working days for it to mature, however, if you invest in Bitcoin through any Cryptocurrency Exchange like CEX.IO, you can buy and sell bitcoins or any other cryptocurrencies anytime you want.
Cheers!
~Jack (BareNakedScam)
hey! Thanks for this genuine review . I am thinking to buy bitcoins for that i came across many Program to invest, USI Tech is one of them & you have given all necessary details which actually cleared my doubts related to USI Tech. Looking Forward to see more of your article.
Thanks Preeti!
Update is coming!
Cheers!
~Jack (BareNakedScam)
Hello Jack,
I hear all the roaring about investing into bitcoins everywhere I go it almost impossible to avoid it. With that being said I was seeking on way to go about investing in it to see how good it really must be.
I did not know about USI tech so that was very great Information that I would like to look into more on it. Thank you for sharing.
-Cheers
Thanks for your comment Joseph! Bitcoin and cryptocurrencies are the talk of the investment world now. It’s whether you are in or you are out.
Personally, I think that if you have spare cash, you’ll definitely want to invest in Crypto (even if its not from USI Tech).
Cheers!
~Jack (BareNakedScam)
Thanks for the review, really awesome that you actually invested in it yourself!
Forgive my ignorance, but as I see it right now it works like this: you invest in Bitcoin, and USI Tech uses these assets to invest themselves and share the profit with you by giving you more bitcoins. Am I getting this right?
Hi Sergio,
Thanks for your comment!
Your understanding is correct. You are basically investing in the “USI Bitcoin generation system”. It mines and trades Bitcoins and altcoins, and you’ll receive a percentage of the returns per day.
Cheers!
~Jack (BareNakedScam)
Hi jack, I’ve recently got into investing and with all the buzz going around about USI Tech being a potential scam, I was really hoping to find some info on it. What I find to be true is that there really is no other opportunity like it when it comes to compounding interest. I’ll be sure to check back January 15th to see your results! I enjoyed the review. Thanks!
Thanks for your comment Linda!
Cheers!
~Jack (BareNakedScam)
Wow! I’ve heard of Bitcoin but didn’t really know what it was. Never heard of investing in it, but after reading this I’ll definitely have to look into it. Generally when I’m not sure how legitimate something is I’ll only invest a small amount and see how that works out. If it’s a scam, there’s no major loss for me, if it’s legit, I’ll invest more!
Awesome Jenn! I hope everything works well for you too!
Cheers!
~Jack (BareNakedScam)
I got in this december 2nd, and bought 4+8+5 packas within a week. Have 22 now with rebuys. 🙂 I have friends whos been with usi since april2017. They really made a lot profit last year, several av these are not working normal jobs anylonger 🙂 I’m in this with an amount im prepared to loose, but if it gains my kids are safe for a good life 🙂
That’s my thought too! Hopefully everything works out for all of us.
Cheers!
~Jack (BareNakedScam)
What I was saying is that as this big coin phenomenon is becoming more popular I am seeing it pop up in more and more places including places that have contest rewards so that people can be paid even with gambling as far as the user experience them allows them to win something other than just cash. So contestants can win that and Curren$y and I seen it we wouldn’t thousands of dollars. However I don’t know the details of where or what type of the coin currency comes from. I just thought you would like to know and thanks for content today
Thanks or your comment Andrew!
Cheers!
~Jack (BareNakedScam)
I purchased 22 packages with USI tech about 3 weeks ago…As promised, USI pays me every single working day and I’m already up to 28 packages with a small commission under me and reinvesting to let the compound effect happen…My goal is to keep this going for 6 months to a year and then cash out each month moving forward…I have a bunch of family members in USI and some are making insane amount of money…I’m just going in for the ride and hoping Bitcoin will continue to rise this year…and if it does and if USI doesn’t crumble in the next year, there’s a lot of money to be made.
Thanks so much for your insights Kevin! It’s really interesting to know.
Cheers!
~Jack (BareNakedScam)
So over the last 6 months, i have been intrigued by crypto currency, i began trading on IG, but i found that i recorded quite a lot of losses, but also if i held my equity in there i would have to pay huge holding fees. So i came across this platform that trades for you called USI-Tech.
So 3 months on i started with 20 packages which is roughly about 800, currently i am sitting on 110 packs which is roughly around 4,400 worth. In the group for USI-Tech i see that people are making some serious cash out of it and in fact some millionaires. What do you think, if Bitcoin goes to 20,000 + as predicted it really could be life changing as with USI you earn 140% in 140 working days therefore you benefit for the appreciation of the Bitcoin but also the extra 140% plus each pack you receive an ice to their crypto currency which will at least trade at $10 per coin, i currently have 30 tokens . Is a win win right because if i am holding it i may as well make a little bit more on the side also.
Like all of you and Jack, i had mixed views regarding USI and also bitcoin, but i think it is a too good opportunity even to put down 1 package and see what it can accumulate to(£40) over a year anything can happen.
Thanks so much for your info and insights Roonie!
Cheers!
~Jack (BareNakedScam)
Great review,
Iv been with USI since May 2017 and initially invested 0.5 btc which purchased me 20 packages at the time.
It’s 7 months later and I now own 171 packages and earning around 0.018 btc per day. With only recruiting a few friends that haven’t really thrown huge amounts of money in so basically NO COMMISSION
At this time its just over $200 per day or $1000 per week (and that’s during the drop, at peak it was around $350 per day). Iv never had any issues and they have paid like clockwork whenever requested. I too would be interested to see if they deliver on their proof of trading early 2018 because that would really seal the deal for most people I think.
In the mean time I would suggest not waiting around too long as I think we all know the price will rise again after the holidays. So throw a little bit in for the time being and watch this space.
Thanks Sam for sharing your insights!
Cheers!
~Jack (BareNakedScam)
Jack,
Enjoyed your review of USI Tech and Bitcoin. I have been following the news flash fire that is Bitcoin lately and it has been on quite a ride. Looks like USI Tech is a decent vehicle to try to get into Bitcoin and take it for a ride to test the waters. From what I can ascertain from your review it’s worth trying out USI Tech and since it’s a MLM it is an inexpensive option to try it out.
I am glad you are taking this exploratory ride for all of us, I will be following along to see how things turn out.
Cheers,
Mat A.
Thanks so much for your comment Mat A.
Cheers!
~Jack (BareNakedScam)
Hello, this was a great review!! It went into a lot more review than anything I have read on USI Tech before, and I love that you have posted the progress of your personal profile, not many will share those details with you.
For now USI is still a great source for a nice gained return, hopefully it keeps up as long as my account with them is active 😀
Thanks so much Gabriel! I hope you’ll gain from USI Tech as well. Fingers crossed.
I have been following this issue for a few days now and so glad to run across your page.
Your background on Bitcoin is great, I learned a lot. I am a lot like you, not sure what to do in this case. I have not put money into Bitcoin yet and now I for sure will check back with you to see what happens after some time has past. Please keep us informed as the days and months go by.
My understanding is that not many people can or will take this as a payment. In other words it cannot be spent in too many places. Do you think that will change over time?. Thanks
Hey Bobby,
Honestly, I don’t have an answer for you with regards to the usage of Bitcoin.
Some parts of the world have already embraced Bitcoin, while others are not.
When looking into digital currency, we need to separate Bitcoin from the Block Chain.
A lot of people have these mixed up.
Not everyone embraces Bitcoin, but everyone embraces the technology of the Block Chain.
All transactions that use Bitcoin are run through the Block Chain, so are many other forms of digital currency.
Bitcoin happens to be the most prominent digital currency at this stage, but I am not sure how far it can go.
However, if you have some extra money to invest, Bitcoin should be a part of your investment portfolio.
Who knows if the value of Bitcoin continues to rise.
Thanks for your comment Bobby! I’ll continue to update this review until the day I can cash out my earnings.
Cheers!
~Jack (BareNakedScam)
Hmm, that is interesting. I’ve learned a lot through this article. I’ve been hearing and reading about this bitcoin stuff for years now but some weird reasons only my subconscious mind knows. I haven’t taken a leap of faith yet.
One question though. How easy is it to exchange bitcoin to real money? I mean money of today.
Its really quite easy. Just like investing into shares/stocks, when you decide to sell you shares and convert them into cash, the stock exchange will do the real exchange for you.
In Bitcoin, you can setup Crytocurrency wallets, like CEX.IO, to keep your bitcoins and to handle all the exchanges (Cash >> Bitcoin >> Cash).
Hope this helps Murphy!
Cheers!
Jack
Ill be a little bit honest as far as being skeptical of how returns are generated.
With respect to the bitcoin trend, I have seen a few stock and real estate bubbles pop because of the economic laws of supply and demand. While real estate and stocks have nothing to do with bitcoin, the same economic concept of supply and demand is what is keeping me from investing in bitcoin packages as I personally think that the massive gains that bitcoin has made has only been because people keep driving the price higher.
But that is just my current view and I am open to being proven wrong.
Thank you for taking this risk so we do not have to by the way.
Jessie
Thanks Jessie!
I agree with you on the economic principle (I’m an Economics and Finance Degree Holder), and that the previous bubbles were caused by negligence in the capital markets. All the previous bubbles have some form of causation like the 2008 real estate crisis was due to negligence in the debt market, etc.
I’ve seen many experts warning about the Bitcoin bubble recently, however, there are many experts that are positive about the outlook of Bitcoin, and claims that it could reach $50,000 per Bitcoin (I know its crazy – but it is possible).
You see, the same thing happened to Bitcoin back in 2013 when the price shot from a few dollars per Bitcoin to a $1,000 per Bitcoin by the end of the year.
All the experts were saying that it is a bubble that we should be wary about then, but look at what happens now.
My point of view is that Bitcoin should not be associated with the financial instruments in the capital market because there is no supporting asset that backs up Bitcoin. I don’t see it as a bubble, but rather a supply and demand issue.
My forecast theory:
If the Bitcoin is well accepted by the masses as a currency for future transactions, I have no doubt that the price of Bitcoin could possibly hit $50,000 per Bitcoin (Total supply of Bitcoin is dwindling (Limited), while the demand of Bitcoin increases). However, if there are new types of digital currencies on the market, like Ethereum, that can obsolete Bitcoin, the price of the Bitcoin might crash.
I’ve invested $1,500 in Bitcoin on 1 December 2017 (at the price of $10,061.61) and I’ve made a 104% return on investment as of today (18 December 2017 – price of Bitcoin is $20,611.08).
Like I’ve said in this article, invest with money that you can part with, and not with money that will threaten your survival, and definitely not with money that you’ve borrowed.
In my opinion, that’s the safest way to invest in Bitcoin or any kind of investments.
Cheers!
~Jack (BareNakedScam)
It’s a great idea that you decided to update this post and show everyone if it’s working or not. Bitcoin is getting quite interesting, because the price is simply skyrocketing. I’m pretty sure everyone should start investing in it at least a small amount. I’ll be looking forward to see your investment moving up!
Yup! Investing into Bitcoin is pretty enticing right now.
My investment of $1,500 into Bitcoin has more than doubled since 1 December 2017.
I’ve purchased at the price of $10,068.68, which I thought the price was pretty steep already, and now, on 18 December 2017, the price per Bitcoin is $20,611.08.
Many experts have warned about the Bitcoin bubble, but many other experts were positive that the price of Bitcoin will climb to $50,000 by the end of next year.
So, whatever price Bitcoin may be, it is best to be prudent by investing with only that money that you can part with.
As I’ve said in the article, never invest with money that will threaten your survival or money that is borrowed.
Cheers!
~Jack (BareNakedScam)
I appreciate your honesty in your review. This is very rare with any affiliate in any MLM program. Through my research, I’ve been on the side the USI-Tech is a Ponzi scheme because there’s no proof where the earnings come from besides new people enrolling. I’m already investing in Bitcoin direct but will see how this goes with you.
Hey Christopher,
Thank you for your input!
I’m also waiting for USI Tech’s development in terms of the trading/mining activities log which is said to be released in early 2018.
Till then, I’ll just wait to cash out my earnings with them, and I’ll continue to update the progress on this review.
Cheers!
~Jack (BareNakedScam)
So glad I came across this I’ve recently invested into bitcoin and just purchased one package with USI Tech. I’ve heard mixed reviews about it but I’m also experimenting. Part of it seems too good to be true but its all to new to truly judge. Time will tell whether its a scam or not.
Awesome Arian! Feel free to share your experiments here! Looking forward to that!
Cheers!
~Jack (BareNakedScam)
Thanks Jack,
I will be following your update because I am even thinking of investing with USI tech but still afraid whether if the company is legit. I will hold on until you do your first withdrawal, that will now form my opinion weather to invest or not.
So far thanks for the information.
Thank you for your comment Flourish! I’ll be sure to update you.
Cheers!
~Jack (BareNakedScam)
Hi Jack,
Your post is very important in this time. It is interesting and also informative. One coin will eventually rule the world. Could it be Bit Coin? Because we are at the end of time Bit Coin business will flourish one way or another. Don’t be fooled though, the scammers are taking their big cut. So one will just has to remains cautious and research. I am hearing about some other new coins for the first time in your post. DorcasW
Hi Dorcas,
Thank you for your comment!
We just have to be cautious of what we invest.
Never invest a huge load that you’ll feel emotionally attached if you lose it, just invest in money you can part with.
And if USI Tech turns out to be legitimate, you’ll reap the benefits, but if it turns south, at least it won’t affect the way you live.
I’ll continue to keep a look out, and hopefully it will go well.
Cheers!
~Jack (BareNakedScam)
Thanks for the detail and the try out to further investigate or monitor USI Tech. Its a good and honest review I must say. I totally agree with the term of invest with the money that you can part with but not the money that you needed month in and month out. Will keep this in view though.
You are most welcome! I’m just doing the internet community a favor, and if turns out to be legitimate, I’m doing myself a favor as well.
Cheers!
~Jack (BareNakedScam)
This is so interesting yet, informative. It is kind of interesting knowing that there will be a coin that will rule the world. However, this is extremely dangerous and only tells us that God is confirming the rapture even more clearly. We are living those seven years of tribulation before the rapture happens and if you see one coin running the world, it is clearly a disaster for everyone.
Thanks for your comment Linda!
It is true, everywhere in this world is moving towards digital payment.
In future there won’t be a need to print money anymore.
Now its still in the early stage and people are still not accepting currencies like Bitcoin, but slowly and surely they will. Just like an alternative of Bitcoin called “Ethereum“, a renown bank Barclays has already put its hands on it.
Cheers!
~Jack (BareNakedScam)