Is This A Good Opportunity Or Big Scam?
BitConnect Review - In the last few weeks, BitConnect has been gaining a lot of attention inside the network marketing circles.
With all this hype, I am sure that you have seen some of your friends attempting to sell BitConnect on your social media feeds.
The first thing that you need to know is that I am perhaps not a affiliate or distributor to get BitConnect.
I wanted to gather all the information about BitConnect in my BitConnect Review so for one to create a decision about connecting BitConnect.
Is BitConnect legit or a scam?
Is it able to deliver on it's promises to youpersonally?
Let me show you within my unbiased review of BitConnect.
Read to find out things you want to know.
BitConnect is one of the latest MLM opportunities to be spotted outside in the crazy, and as such, I guessed it would have been a fantastic strategy to see just what this organization is bringing to the table while its still young and fresh.
There isn't a drop in background information available on BitConnect's site, and this means that there's no reference of if the company was established, that owns it, even where it's physically based out of, etc..
This same theme is seen with all the domain name registration.
The domain (bitconnect.co) was registered in February 9 of last yr, but it's impossible to tell that the owner is or where the registration happened on the planet since it was done independently.
All this together, and you get about as faceless of an organization as the come with MLM opportunities.
What Exactly Are Your BitConnect Products?
I put quotes around product lineup because there isn't a such offered by the business in any way.
There are not any goods or services to be seen, and this means that nothing else is being sold to retail customers.
The one thing around for grabs is the affiliate membership, and this results in there being a whole lack of any retail sales activity over the opportunity.
Retail sales are absolutely key to almost any MLM opportunity, and the absence of them in just a company, such as BitConnect, is usually a tell tale sign that something bad is occurring that you likely do not want to become a part of.
What About The Compensation Policy for BitConnect?
Moving things towards the compensation program, affiliates can make a "daily profit" through BitConnect by investing either bitcoin or USD into the business. That "daily profit" is your company's method of describing that an ROI, and it is paid out to members based on just how much money they choose to invest in BitConnect.
There are four main investment levels, plus they include --
Investment between $100 and $1000 provides access to a 40 percent monthly ROI that's paid out for 299 days
Investment between $1010 and $5000 provides access to a 40% monthly ROI that's paid out for 239 days. Along with this, an added bonus ROI of 23.9 percent is also offered.
Along side this, a bonus ROI of 35.9 percent is also offered.
Along with this, an added bonus ROI of 30 percent is also offered.
Commissions get passed out through a unilevel system, also level one of the setup (affiliates you've personally pinpointed) earns you the most at 7%.
It's possible to make on a virtually endless selection of levels, but the percentage that you get decreases the deeper during the system that you go.
What's The Cost Of Joining BitConnect?
Although you can choose to join BitConnect for free, you are going to have to make an investment between $100 and $100,000 if you may love to be busy within the MLM opportunity accessible.
So, Is There Really A BitConnect Scam Going On?
Have you been hearing rumours which BitConnect is actually a scam?
After reading this short article, you may possibly still be asking yourself if it is really legit.
Is there really a BitConnect scam going on?
There are some things you need to watch out for.
This is the way you'll be successful in online marketing. See the picture below for details.
Looking at BitConnect, it should be pretty obvious that we're dealing with just a Ponzi scheme. People combine the business by investing money and then money provides them using an ROI.
Nevertheless, the manner in that BitConnect is about this is especially fraudulent and confusing.
You see, BitConnect Coin is a real form of cryptocurrency that anyone can mine to get a shot at earning some extra income. You can download a wallet to your own money and start mining to get a perfectly legit source of money, but this doesn't have anything related to the opportunity that's being offered by BitConnect.
BitConnect says it's able to create the ROI through BitConnect Coins through its "trading bot and volatility software", however as you may be able to guess these claims are entirely fictional and only used to attempt to get more and more people to dump their hard-earned cash into the business.
Plus, since BitConnect's setup is using a variable ROI, the anonymous admin behind the entire thing will have more than enough time to assemble up a healthy amount of cash and sneak away with it before anyone has a clue of what's happening.
A drop in investment activity will fundamentally force BitConnect to collapse, and once it does, most everyone else who joins will more than likely wind up losing once all is said and done.
I really hope you've gained value from my BitConnect Review.
I needed to make sure you had all of the information you had, because most other BitConnect reviews are just trying to sell you something.
If you really do opt to combine BitConnect, I'd like you to succeed with your business. Find out how to promote yourself properly!
My practice will be able to help you make money online!