Is This a Great Opportunity Or Big Scam?
BitConnect Review - In the last couple of weeks, BitConnect has been getting lots of attention within the media advertising circles.
With all this hype, I am sure that you have seen some of your friends seeking to sell BitConnect on your social media feeds.
The first thing you ought to know is that I'm maybe not an affiliate or distributor for BitConnect.
I desired to assemble all of the information about BitConnect within my own BitConnect Review in order for you to produce a decision about connecting BitConnect.
Is BitConnect legit or a scam?
Is it able to deliver on it's promises for your requirementspersonally?
Let me show you within my unbiased review of BitConnect.
Read to discover what you want to understand.
BitConnect is among the latest MLM opportunities to become spotted out in the wild, and as such, I guessed it'd have been a good plan to see just what this business is bringing to the table while its still young and fresh.
There isn't any drop of background information available on BitConnect's site, and this means there's no reference of if the business was established, who owns it, where it's physically based out of, etc..
This same theme is seen with the domain registration.
The domain (bitconnect.co) was registered on February 9 of last yr, however it's impossible to tell who the master is or at which the registration took place on the planet since it was done independently.
All of this together, and you get about as faceless of an organization as the come with MLM opportunities.
Which Are Your BitConnect Products?
I put quotes around product line because there isn't any such thing offered by the company in any way.
The only thing around for grabs is that the affiliate membership, and this results in there being a entire deficiency of any retail sales activity within the opportunity.
Retail sales are absolutely vital to some MLM opportunity, and also that the absence of them within a business, such as BitConnect, is usually a telltale sign that something bad is occurring you likely don't want to be part of.
What About The Compensation Policy for BitConnect?
Moving things over towards the compensation plan, affiliates can get a "daily profit" through BitConnect by investing bitcoin or USD into the business. This "daily profit" is the company's way of describing that an ROI, and it is paid to members based on just how much money they choose to invest into BitConnect.
There are four Major investment levels, and they include --
Investment between $100 and $1, 000 provides access to a 40% monthly ROI that's paid for 299 days
Along side this, an added bonus ROI of 23.9 percent is also offered.
Investment between $5010 and $10,000 provides access to a 40% yearly ROI that's paid for 179 days. Along side this, an added bonus ROI of 35.9% is also offered.
Along side this, a bonus ROI of 30 percent is also offered.
Referral 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 become passed out through a unilevel system, and also level 1 of this setup (affiliates you've personally recruited) earns one of the most at 7%.
It's possible to make to a virtually endless multitude of levels, however the percentage that you bring in decreases the deeper throughout the system that you simply go.
What's The Cost Of Joining BitConnect?
Although you can choose to combine BitConnect for free, you'll want to produce a investment between $100 and $100,000 if you'd love to be more active within the MLM opportunity accessible.
So, Is There A BitConnect Scam Going On?
Have you been hearing rumours that BitConnect is a scam?
After reading this review, you might still be asking yourself if it is truly legit.
Is there a BitConnect scam going on?
If I'm being perfectly honest, BitConnect isn't entirely a scam.
There are some things you want 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 working with only a Ponzi scheme. People join the business by investing money and then money provides them with an ROI.
Nevertheless, the manner in that BitConnect is going about this is especially deceptive and confusing.
You see, BitConnect Coin is just a real form of cryptocurrency that anyone can mine to get a shot at bringing some extra money. You are able to download a wallet to your own currency and start mining to get a perfectly legit source of money, however this doesn't have anything related to the ability that's being offered from BitConnect.
BitConnect says it's able to create the ROI through BitConnect Coins through its "trading bot and volatility software", however as one may be able to guess these claims are entirely fictional and only used to attempt to get more and more people to ditch their hard-won cash in to the business.
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 up a healthy amount of cash and then sneak off with it until anybody 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 probably end up losing out once all is said and done.
I really hope you have gained value in my BitConnect Review.
I needed to make sure you had all of the information you had, because most other BitConnect reviews are just attempting to sell you something.
If you really do decide to combine BitConnect, then I'd 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 web!
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