What Are The BitConnect Products
Is This an Excellent Opportunity Or Big Scam?
BitConnect Review - In the last few weeks, BitConnect has been gaining plenty of attention inside the media advertising circles.
With all this hype, I am sure you have seen some of your friends hoping to sell BitConnect in your social media feeds.
The first thing you ought to understand is that I'm perhaps not an affiliate or distributor for BitConnect.
I wanted to assemble all the information about BitConnect within my own BitConnect Review in order to allow you to produce a decision about connecting BitConnect.
Is BitConnect untrue or a scam?
Is it able to deliver on it's promises to you?
Let me show you within my own unbiased report on BitConnect.
Read to discover the thing you need to understand.
BitConnect is among the latest MLM opportunities to become spotted out from the crazy, and as such, I guessed it'd be a good plan to see just exactly what this company 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 any drop in background information available around BitConnect's site, and this means that there's no reference of when the organization was established, who owns it, even 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, but it's impossible to tell who the master is at which the registration took place on earth since it was done individually.
All this together, and you also receive about as faceless of an organization as the come with MLM opportunities.
What Are Your BitConnect Products?
Similar to the background information situation, there's not much to talk about using 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 whatsoever.
There are not any goods or services to be seen, and this means that nothing is being sold to retail customers.
The one thing around for grabs is your affiliate membership, and this results in there being a total lack of any retail sales activity over the ability.
Retail sales are absolutely key to any MLM opportunity, and that the absence of these within a company, such as BitConnect, is usually a telltale sign that something bad is happening you likely do not want to be part of.
What About The Compensation Plan For BitConnect?
Moving things up to the compensation program, affiliates can get a "daily profit" through BitConnect by investing bitcoin or USD into the company. That "daily profit" is the company's method of describing that an ROI, and it is paid out to members based on just how much money they choose to invest in BitConnect.
There are four Primary investment levels, and they include --
Investment between $100 and $1000 provides access to a 40 percent yearly ROI that's paid out 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% monthly ROI that's paid out for 179 days. Along with this, a bonus ROI of 35.9 percent 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 with 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 by your downline of other affiliates within BitConnect.
Commissions become passed out through a unilevel system, and level 1 of the setup (affiliates you've personally recruited) earns you the most at 7%.
It's possible to earn to a virtually endless multitude of levels, but the percentage that you get decreases the deeper during the system that you simply go.
What's The Cost Of Allergic BitConnect?
Although you can choose to join BitConnect for free, then you'll want to create an investment between $100 and $100,000 if you'd love to become more active within the MLM opportunity at hand.
So, Is There Really A BitConnect Scam Going On?
Have you ever been hearing rumours which BitConnect is just a scam?
After reading this summary, you may still be asking yourself if it is really legit.
Is there really a BitConnect scam going on?
There are some things you need to watch out for.
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Looking at BitConnect, it should be pretty clear that we're dealing with merely a Ponzi scheme. People combine the business by investing money and money provides them using an ROI.
However, the manner by which BitConnect is about this is especially deceptive and confusing.
You see, BitConnect Coin is a true form of crypto currency that anybody can mine to get a shot at earning some extra income. You are able to download a wallet to the currency and start mining for a perfectly legit source of money, but this doesn't always have anything related to the ability 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 try and acquire 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 entire thing is going to have more than enough time and energy to assemble up a healthy amount of cash and sneak off with it before anybody has a clue of what's going on.
A drop in investment activity will eventually force BitConnect to collapse, and once it does, most everybody else who joins will more than likely end up losing out once all is said and done.
I truly hope you have gained value in my BitConnect Review.
I desired to be sure you had all the information you needed, because most other BitConnect reviews are just attempting to sell you something.
If you truly do decide to combine BitConnect, then I would like you to succeed along with your business. Find out to promote yourself properly!
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