First Thoughts on Doubler.
Doubler just began a “Sticky Diamond” listing on the EmilyNews monitor. We should note that this listing category is very special as it requires a company to pay the listing fee for FOUR MONTHS in advance. Although nothing is for sure, the implication is that the program intends to be around for a goodly amount of time. Doubler has already been online for a little over a week.
Doubler is unusual as an “investment” program as it provides absolutely no indication to the investor as to what type of business he is investing in. All that the website says is that they will double a person’s money in 200 hours. Here’s the specific statement from the website:
Fully automated Bitcoin doubler platform operating with no human intervention, aside from regular server maintenance conducted by our staff. Take full advantage of our fast and legit Bitcoin doubler platform. You will get your Bitcoin doubled in 200 hours.
Nothing could be simpler, I suppose. However, the investor will, of course, wonder where all the money that is promised to him is coming from. Lacking other information, the implication is that the company pays old depositors from revenues received from new ones. Unfortunately, this is the definition of a “Ponzi” scheme. Of course, many online HYIPs are in this same category. However, almost all make a claim — sometimes a very dubious one — as to how they generate their revenue. We refer to this as the “Legend” behind a company (please refer to the article in HYIP Insights #6 for more information on HYIP “Legends”). Doubler doesn’t have a “Legend.”
In a few days, we’ll provide a brief review of the Doubler investment program. This will essentially be a discussion of the plan’s profitability and risk and, because the program is so simple to understand, it will likely be a very short review. Please stand by. The review will be published very soon.
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