Is This a Great Opportunity Or Big Scam?
BitConnect Review - In the last few weeks, BitConnect has been getting plenty of attention inside the network advertising circles.
With all this hype, I am sure you have seen some of your friends attempting to sell BitConnect in your social network feeds.
The first point you ought to be aware of is that I am NOT a affiliate or distributor for BitConnect.
I wanted to gather all of the information about BitConnect within my BitConnect Review so for you to come to a decision about connecting BitConnect.
Is BitConnect legit or a scam?
Is it able to deliver on it's promises for your requirements?
Let me show you in my own unbiased review of BitConnect.
Read to discover things you need to know.
What The Heck Is BitConnect?
BitConnect is among the latest MLM opportunities to become spotted outside in the crazy, and as such, I guessed it would have been a good idea to see just 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 rather disappointed and worried.
There isn't any drop of background information available on BitConnect's site, and this means that there's no reference of if the organization 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 owner is where the registration took place on earth since it was done independently.
All this together, and also you get about as faceless of a company as the come with MLM opportunities.
What Exactly Are Your BitConnect Products?
I put quotes around product lineup because there isn't a 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 almost any retail sales activity within the opportunity.
Retail sales are absolutely key to any MLM opportunity, and that the absence of them within a business, such as BitConnect, is usually a tell tale sign that something bad is happening that you likely do not want to be a part of.
What About The Compensation Arrange for BitConnect?
Moving things towards the compensation plan, affiliates can earn a "daily profit" through BitConnect by investing either bitcoin or USD in to the business. That "daily profit" is the company's means of describing a ROI, plus it is paid out to members based on just how much money they choose to invest into BitConnect.
There are four main investment levels, plus they include --
Investment between $100 and $1000 provides access to some 40 percent yearly ROI that's paid out for 299 days
Investment between $1010 and $5000 provides access to a 40% yearly ROI that's paid for 239 days. Along side this, a bonus ROI of 23.9 percent is also offered.
Along with this, an added bonus ROI of 35.9% is also offered.
Investment between $10,010 and $100,000 provides access to a 40 percent yearly ROI that's paid for 120 days. Along side this, an added bonus ROI of 30% is also offered.
Commissions become passed out through a unilevel system, also level 1 of the setup (affiliates you've personally pinpointed) earns you the most at 7%.
You can earn to a virtually endless variety of levels, however the percentage that you earn decreases the deeper throughout the system that you just go.
What's The Cost Of Joining BitConnect?
Even though you are able to choose to combine BitConnect for free, then you are going to have to generate an investment between $100 and $100,000 if you'd like to be more active within the MLM opportunity accessible.
So, Is There Really A BitConnect Scam Happening?
Have you been hearing rumours that BitConnect is really a scam?
After reading this review, you may possibly still be asking yourself if it is truly legit.
So -- what is the truth? Is there a BitConnect scam going on?
If I'm being perfectly honest, BitConnect isn't entirely a scam.
However, there are some things you need to watch out for.
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Finally, My BitConnect Review And Conclusion!
Looking at BitConnect, it should be pretty apparent that we're dealing with simply a Ponzi scheme. People join the company by investing money and that money provides them with an ROI.
However, the way by that BitConnect is moving about this is especially fraudulent and confusing.
You see, BitConnect Coin is just a true type of cryptocurrency that anybody can mine for a shot at earning some extra income. You can download a wallet to the currency and start mining to get a perfectly legit source of money, but this doesn't have a thing related to the ability that's being offered from BitConnect.
BitConnect says 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 try and have a growing number of people to ditch their hard-earned cash in to the business.
Plus, since BitConnect's setup is using a variable ROI, the anonymous admin behind the whole item is going to have more than enough time for you to collect a healthy amount of cash and then sneak away with it until 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 end up losing out once all is said and done.
To be able to make a monthly ROI of 40% may 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 have gained value in my BitConnect Review.
I desired 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 join BitConnect, I would like you to succeed along with your business. Learn to promote yourself properly!
My training will be able to assist you in making money on the internet!