Is This a Great Opportunity Or Big Scam?
BitConnect Review – In the last few weeks, BitConnect has been gaining lots of attention in the media marketing circles.
With all this hype, I am sure you have seen some of your friends hoping to sell BitConnect in your social media feeds.
The first factor that you need to be aware of is that I am NOT an affiliate or distributor for BitConnect.
I wanted to collect all of the information about BitConnect within my BitConnect Review so for you to produce a decision about joining BitConnect.
Is BitConnect legit or a scam?
Is it able to deliver on it’s promises to youpersonally?
Allow me to show you within my own unbiased review of BitConnect.
Read to discover the thing you want to know.
What The Heck Is BitConnect?
BitConnect is among the latest MLM opportunities to become spotted outside from the crazy, and as such, I guessed it would have been a fantastic idea to see just exactly what this business is bringing to the table while its still young and fresh.
There isn’t a drop in background information available around BitConnect’s site, and this means there’s no reference of when the company was established, that owns it, even where it’s physically based out of, etc..
This same theme is seen with the domain name registration.
The domain (bitconnect.co) was registered in February 9 of last year, but it’s impossible to tell who the master is or where the registration happened on the planet since it was done independently.
All this together, and also you receive about as faceless of a company as the come with MLM opportunities.
Which Exactly Are Your BitConnect Products?
Similar to the background info situation, there’s not much to talk about together with the “product line” of BitConnect’s either,
I put quotes around product lineup because there isn’t a such one being offered by the company at all.
The one thing up for grabs is the affiliate membership, and this results in there being a entire deficiency of any retail sales activity over the opportunity.
Retail sales are absolutely vital to almost any MLM opportunity, and also the absence of these in just a company, such as BitConnect, is usually a tell tale sign that something bad is occurring you likely do not want to be a part of.
What About The Compensation Policy for BitConnect?
Moving things towards the compensation plan, affiliates can generate a more “daily profit” through BitConnect by investing either bitcoin or USD in to the business. That “daily profit” is your company’s means of describing an ROI, plus it is paid to members based on just how much money they choose to invest into BitConnect.
There are four main investment levels, and they include —
Investment involving $100 and $1, 000 provides access to some 40 percent yearly ROI that’s paid for 299 days
Investment between $1010 and $5000 provides access to a 40% monthly ROI that’s paid out for 239 days. Along side this, an added bonus ROI of 23.9% is also offered.
Investment between $5010 and $10,000 provides access to a 40 percent monthly ROI that’s paid for 179 days. Along with this, an added bonus ROI of 35.9 percent is also offered.
Investment between $10,010 and $100,000 provides access to a 40% monthly ROI that’s paid for 120 days. Along with this, a bonus ROI of 30% is also offered.
Offshore commissions exist alongside the lead ROI payments, and this money is paid as a set percentage of funds invested by your downline of other affiliates within BitConnect.
Commissions get handed out via a unilevel system, and level 1 of the setup (affiliates you’ve personally recruited) earns one of the most at 7%.
It’s possible to make on the virtually endless number of levels, but the percentage that you earn decreases the deeper during the system that you go.
What’s The Cost Of Joining BitConnect?
Even though you can choose to join BitConnect for free, then you will have to produce a investment between $100 and $100,000 if you’d like to become more busy within the MLM opportunity accessible.
So, Is There Really A BitConnect Scam Going On?
Have you ever really been hearing rumours that BitConnect is just a scam?
After reading this summary, you may still be asking yourself if it is really legit.
So — what is the truth? Is there really a BitConnect scam going on?
If I am being perfectly honest, BitConnect isn’t entirely a scam.
There are some things you want to be on the lookout for.
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Looking at BitConnect, it should be pretty apparent that we’re coping with simply a Ponzi scheme. People combine the company by investing money and money provides them with an ROI.
Nevertheless, the manner by that BitConnect is going about this is especially deceptive and confusing.
You see, BitConnect Coin is actually a real kind of cryptocurrency that anybody can mine for a shot at bringing some extra money. You may download a wallet for the money and start mining to get a perfectly legit source of money, but this doesn’t have a thing to do with the ability that’s being offered by BitConnect.
BitConnect says that it’s able to create the ROI through BitConnect Coins through its “trading bot and volatility software”, but as one might be able to guess these claims are entirely fictional and just used to try and obtain more and more people to dump their hard-won cash into the company.
Plus, since BitConnect’s setup is using a variable ROI, the anonymous admin supporting the whole item is going to have more than enough time and energy to assemble a healthy amount of cash and then sneak off with it before anyone has a clue of what’s happening.
A drop in investment activity will ultimately force BitConnect to collapse, and once it does, most everybody else who joins will likely end up losing out once all is said and done.
To be able to earn a regular monthly ROI of 40% might sound awfully enticing and hard to resist, however as the saying goes from the wonderful world of MLM, if it’s too good to be true, it likely isn’t.
I truly hope you’ve gained value from my BitConnect Review.
I wanted to make sure you had all of the information you needed, because most other BitConnect reviews are just trying to sell you something.
If you truly do choose to combine BitConnect, then I want you to succeed along with your business. Discover to promote yourself properly!
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