Is This a Great Opportunity Or Big Scam?
BitConnect Review - In the last few weeks, BitConnect has been gaining a lot of attention inside the media marketing circles.
With all this hype, I am sure you have seen some of your friends seeking to sell BitConnect in your social network feeds.
The first point you need to know is that I am maybe not a affiliate or distributor for BitConnect.
I needed to assemble all the information about BitConnect in my BitConnect Review so to allow one to make a decision about connecting BitConnect.
Is BitConnect untrue or a scam?
Is it able to deliver on it's promises to you?
Allow me to show you within my own unbiased review of BitConnect.
Read on to find out the thing you want to understand.
BitConnect is one of the latest MLM opportunities to be spotted out from the wild, and as such, I figured it would have been a fantastic strategy to see just exactly what this business is bringing to the table while its still young and fresh.
Upon looking through BitConnect's official website, I came off feeling quite disappointed and stressed.
There isn't a drop of background information available on BitConnect's site, and this means there's no mention of if the business was founded, who 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 12 months, but it's impossible to tell that the master is or where the registration happened on the planet since it was done individually.
All all of this together, and you get about as faceless of a company as the encounter with MLM opportunities.
Which Exactly Are Your BitConnect Products?
Similar to the background information situation, there's not much to talk about together with all the "product line" of BitConnect's either,
I put quotes around product line because there isn't such thing being offered by the business at all.
The one thing around for grabs is your affiliate membership, and this results in there being a complete deficiency of any retail sales activity within the opportunity.
Retail sales are absolutely vital to almost any MLM opportunity, and also the absence of these in just a business, such as BitConnect, is usually a tell tale sign that something bad is occurring you likely don't want to be part of.
What About The Compensation Plan For BitConnect?
Moving things up to the compensation program, affiliates can make a "daily profit" through BitConnect by investing bitcoin or USD into the company. This "daily profit" is the company's method of describing an ROI, plus it is paid out to members based on how much money they choose to invest in BitConnect.
There are four Major investment levels, and they include --
Investment between $100 and $1000 provides access to a 40 percent yearly ROI that's paid for 299 days
Along side this, a bonus ROI of 23.9 percent is also offered.
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, an added bonus ROI of 30% is also offered.
Offshore commissions exist alongside the direct ROI payments, and this money is paid as a set percentage of funds invested from the downline of additional affiliates within BitConnect.
Commissions get passed out through a unilevel system, and level 1 of this setup (affiliates you've personally pinpointed) earns you the most at 7%.
It's possible to make on the virtually endless amount of levels, however the percentage that you get decreases the deeper throughout the system that you just go.
What's The Cost Of Allergic BitConnect?
Even though you can choose to combine BitConnect for free, you are going to have to produce a investment between $100 and $100,000 if you'd like to be busy within the MLM opportunity available.
So, Is There A BitConnect Scam Going On?
Have you ever been hearing rumours that BitConnect is just a scam?
After reading this review, you may possibly still be asking yourself if it is really legit.
Is there a BitConnect scam going on?
If I am being perfectly honest, BitConnect isn't entirely a scam.
There are some things you want to watch out for.
This is how you'll be successful in internet marketing. See the image below for details.
Looking at BitConnect, it should be pretty apparent that we're dealing with just a Ponzi scheme. People combine the company by investing money and money provides them with an ROI.
Nevertheless, the way in which BitConnect is about this is especially deceitful and confusing.
You see, BitConnect Coin is just a real type of crypto currency that anyone can mine for a shot at bringing some extra money. You can download a wallet to your own currency and start mining for a perfectly legit source of money, however this doesn't have anything to do with the ability that's being offered from BitConnect.
BitConnect says that it's able to generate the ROI through BitConnect Coins through its "trading bot and volatility software", however as you might be able to guess, these claims are entirely fictional and just used to attempt to obtain an increasing number of people to dump their hard-earned cash in to 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 gather up a healthy amount of cash and sneak away with it before anybody has a hint of what's going on.
A drop in investment activity will eventually force BitConnect to collapse, and once it does, most everyone who joins will probably wind up losing out once all is said and done.
To be able to make a regular monthly ROI of 40% might sound awfully enticing and hard to resist, but as the saying goes in the entire world of MLM, if it's too good to be true, it likely isn't.
I really hope you've gained value in my BitConnect Review.
I desired to be sure you had all of the information you needed, because most other BitConnect reviews are just attempting to sell something.
If you truly do opt to join BitConnect, then I'd like you to succeed with your business. Find out how to advertise yourself properly!