Is This an Excellent Opportunity Or Big Scam?
BitConnect Review - In the last few weeks, BitConnect has been gaining plenty of attention in the media advertising circles.
With all this hype, I am sure that you have seen some of your friends hoping to sell BitConnect on your social network feeds.
The first point you need to understand is that I'm NOT a affiliate or distributor for BitConnect.
I wanted to gather all of the information about BitConnect in my own BitConnect Review so for you to produce a decision about joining BitConnect.
Is BitConnect legit or a scam?
Will it be able to deliver on it's promises to youpersonally?
Allow me to show you in my own unbiased report on BitConnect.
Read on to find out what you need to understand.
What The Heck Is BitConnect?
BitConnect is one of the latest MLM opportunities to become spotted out in the wild, and as such, I figured it'd have been a good plan to see just what this organization is bringing to the table while its still young and fresh.
Upon looking through BitConnect's official website, I came away feeling quite disappointed and worried.
There isn't a drop in background information available around BitConnect's site, and this means that there's no mention of if the organization 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 year, however it's impossible to tell that the master is or at which the registration took place on earth since it was done independently.
All this together, and also you get about as faceless of an organization as the encounter with MLM opportunities.
What Exactly Are Your BitConnect Products?
I put quotes around product lineup because there isn't any such thing offered by the company 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 that the affiliate membership, and this results in there being a whole deficiency of almost any retail sales activity over the ability.
Retail sales are absolutely key to almost any MLM opportunity, and that the absence of these in just a company, such as BitConnect, is usually a telltale sign that something bad is happening that you likely don't want to be part of.
What About The Compensation Policy for BitConnect?
Moving things towards the compensation plan, affiliates can generate a "daily profit" through BitConnect by investing either bitcoin or USD into the business. That "daily profit" is the company's way 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 Primary investment levels, and they include --
Investment between $100 and $1000 provides access to your 40 percent monthly ROI that's paid out for 299 days
Investment between $1010 and $5000 provides access to a 40 percent yearly 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 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% is also offered.
Commissions get handed out via a unilevel system, also level 1 of this setup (affiliates you've personally pinpointed) earns you the most at 7%.
It is possible to make to the virtually endless number of levels, however the percentage that you get decreases the deeper during 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, you'll need to generate an investment between $100 and $100,000 if you'd like to be more active within the MLM opportunity available.
So, Is There Really A BitConnect Scam Happening?
Have you been hearing rumours which BitConnect is just a scam?
After reading this summary, you might still be asking yourself if it is truly legit.
So -- what is the truth? Is there a BitConnect scam happening?
If I'm being perfectly honest, BitConnect isn't entirely a scam.
However, 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 obvious that we're coping with simply a Ponzi scheme. People combine the company by investing money and then that money provides them using an ROI.
Nevertheless, the way by which BitConnect is going about this is especially deceptive and confusing.
You see, BitConnect Coin is just a true kind of cryptocurrency that anyone can mine for a shot at bringing some extra income. You are able to download a wallet for your own money and start mining for a perfectly legit source of money, but this doesn't have anything to do with the ability that's being offered by BitConnect.
BitConnect says it's able to build the ROI through BitConnect Coins through its "trading bot and volatility software", but as you might be able to guess these claims are entirely fictional and only used to try and obtain an increasing number of people to ditch their hard-earned cash into the company.
Plus, since BitConnect's setup is using a variable ROI, the anonymous admin supporting the whole thing will have more than enough time and energy to assemble a healthy amount of cash and then sneak away with it before anyone has a clue of what's going on.
A drop in investment activity will sooner or later force BitConnect to collapse, as soon as it does, most everyone who joins will more than likely end up losing once all is said and done.
To be able to earn a regular ROI of 40% may sound awfully enticing and hard to resist, but as the saying goes in 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 needed to be sure you had all of the information you had, because most other BitConnect reviews are just attempting to sell something.
If you truly do decide to combine BitConnect, then I want you to succeed with your business. Learn to promote yourself properly!
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