Is This a Great Opportunity Or Big Scam?
BitConnect Review- In the last few weeks, BitConnect has been getting plenty of attention inside the media advertising circles.
With all this hype, I am sure to have seen some of your friends attempting to sell BitConnect in your social media feeds.
The first point you need to understand is that I am maybe not an affiliate or distributor to get BitConnect.
I desired to assemble all of the information about BitConnect within my own BitConnect Review in order to allow one to produce a decision about connecting BitConnect.
Is BitConnect untrue or a scam?
Is it able to deliver on it's promises to youpersonally?
Let me show you within my unbiased report on BitConnect.
Read on to find out things you want to know.
What The Heck Is BitConnect?
BitConnect is one of the latest MLM opportunities to become spotted out in the crazy, and as such, I guessed it'd be a fantastic strategy to see just what this organization is bringing to the table while its still young and fresh.
There isn't any drop in background information available on BitConnect's site, and this means there's no mention of when the organization was founded, who owns it, 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 master is or where the registration took place in the world since it was done individually.
All this together, and also you receive about as faceless of an organization as the encounter with MLM opportunities.
What Exactly Are The BitConnect Products?
I put quotes around product lineup because there isn't a such thing being offered by the business in any respect.
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 total lack of any retail sales activity over the opportunity.
Retail sales are absolutely key to any MLM opportunity, and that the absence of them in just a business, such as BitConnect, is usually a telltale sign that something bad is happening that you likely don't want to be a part of.
What About The Compensation Plan For BitConnect?
Moving things over to the compensation program, affiliates can generate a more "daily profit" through BitConnect by investing either bitcoin or USD into the company. This "daily profit" is your company's way of describing an ROI, plus it is paid out to members based on how much money they choose to invest into BitConnect.
There are four Major investment levels, plus they include --
Investment involving $100 and $1, 000 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 with this, an added bonus ROI of 23.9% is also offered.
Along side this, a 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 out for 120 days. Along with this, an added bonus ROI of 30 percent is also offered.
Commissions become handed out via a unilevel system, also level one of this setup (affiliates you've personally pinpointed) earns you the most at 7%.
You can make to a virtually endless number of levels, however the percentage that you earn decreases the deeper during the system that you go.
What's The Cost Of Allergic BitConnect?
Although you are able to choose to join BitConnect for free, then you'll want to create an investment between $100 and $100,000 if you'd love to be busy within the MLM opportunity accessible.
So, Is There A BitConnect Scam Going On?
Have you ever really been hearing rumours that BitConnect is actually a scam?
After reading this review, you may possibly still be asking yourself if it is really legit.
So -- what is the truth? Is there really a BitConnect scam going on?
But, there are some things you want to watch out for.
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Looking at BitConnect, it should be pretty clear that we're working with just a Ponzi scheme. People combine the company by investing money and then money provides them using an ROI.
Nevertheless, the way by which BitConnect is moving about this is especially deceptive and confusing.
You see, BitConnect Coin is just a real kind of cryptocurrency that anybody can mine to get a shot at bringing some extra money. You may download a wallet for your own currency and start mining to get a perfectly legit source of money, however this doesn't have anything to do with the opportunity 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 may be able to guess these claims are entirely fictional and only used to attempt to have a growing number of 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 whole thing is going to have more than enough time and energy to collect a healthy amount of cash and then sneak off with it until anyone has a clue of what's going on.
To be able to earn a regular ROI of 40% may sound awfully enticing and hard to resist, however as the saying goes from the entire world of MLM, if it's too good to be true, it likely isn't.
I really hope you've gained value from my BitConnect Review.
I needed to make sure you had all the information you needed, because most other BitConnect reviews are just trying to sell you something.
If you truly do choose to combine BitConnect, I'd like you to succeed along with your business. Discover how to market yourself properly!
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