10xBitcoin Review – Is This A Good Opportunity Or Big Scam?
10xBitcoin has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling 10xBitcoin.
I have simply gathered for you all the facts in this 10xBitcoin Review in order for you to make a proper decision about it.
So, is it true? Is 10xBitcoin a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is 10xBitcoin?
On 10xBitcoin’s website, you won’t find any information in regards to who owns the company, where it’s being run out of, who manages the daily operations, etc.
10xBitcoin’s site domain (10xbitcoin.com) was registered on January 27, 2017, but since it was done privately, there’s no way of knowing who the owner of the domain is or where the registration took place.
After a bit more snooping, I found marketing images for the company that reveal it’s a “division of Deep Profit Streams.”
Thomas Riley is the self-credited CEO of Deep Profit Streams, and from what I can tell, this is a company that launched at some point in 2016 with the offer of being a “revenue sharing” opportunity.
“Revenue sharing” is always code for a Ponzi scheme, and that’s clearly what Deep Profit Streams is operating as.
A post was published on October 7 to Deep Profit Streams’ Facebook page, and according to it, 10xBitcoin was introduced after Traffic Monsoon was shutdown by the SEC.
The post reads as follows:
“There are a lot of people, who doubted us. Those of you who came aboard with us last year at the beginning, are going to be well rewarded.
But I want to make it clear, so that no one gets the wrong impression…Our revenue sharing program, software, and ads network is still there, robust and able to handle millions of clicks & ad requests DAILY.
Last year as you know, we brought on and got our Founders Mbr leaders in place, and while we allowed our members to introduce others, we did not put our ads network out into public traffic exchanges etc, because the second Software System was being integrated.
Before that was done, the main & strongest company in the entire revenue sharing industry, Traffic Monsoon, was taken down and into a pivotal lawsuit by the SEC, which because we are based in the United States, caused us to pause, wait for, and look closely at the outcome of that legal battle as to how we could work with our legal team to structure our revenue sharing products & compensation program in a way that would not be a problem with the SEC.”
Shortly after Traffic Monsoon was eliminated, Deep Profit Streams seems to have stopped its operations as well. Based on what I’m seeing, 10xBitcoin is being used as a sort of robot for Deep Profit Streams, meaning that Thomas Riley is likely involved with the company.
It’s not clear what Riley did before Deep Profit Streams, but for what it’s worth, his Facebook page shows a lot of content that’s heavily themed around religion.
What Are The Products For 10xBitcoin?
When it comes to a product line, you won’t find anything with 10xBitcoin.
Not a single thing is being marketed or sold to retail customers, and with this, you won’t find any retail sales activity in the slightest.
Affiliates are left with only the affiliate membership to offer to those that are looking for a new income opportunity, and that opportunity works out as follows.
What Is The Compensation Plan For 10xBitcoin?
Upon joining 10xBitcoin, you’ll be asked to buy positions within a seven-tiered 2×15 matrix system.
You’ll need to a pay a monthly fee in order to access the position, and you then earn money when you recruit other people that join and do the same thing.
This places a big focus on recruitment, meaning that as you recruit more and more people, you’ll be able to earn more and more commissions.
In the world of MLM, this is a problem.
What’s Does It Cost To Join 10xBitcoin?
If you’d like to join 10xBitcoin, you’ll need to pay a minimum of $5/month for the Bronze Matrix spot.
However, if you want to fully participate in everything that 10xBitcoin has to offer, you’ll need to shell out $1925 each and every month.
Also worth noting here is that all payments throughout 10xBitcoin — including ones you pay and receive — are handled using bitcoin.
Is 10xBitcoin A Scam?
Have you heard from a friend that 10xBitcoin is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about 10xBitcoin – is it a scam or legit?
Good news – 10xBitcoin is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
10xBitcoin Review Conclusion
Wrapping things up, where does that lave us with 10xBitcoin?
With the collapse of Deep Profit Streams, 10xBitcoin is nothing more than a simple reboot with the goal of getting Riley as much money as possible before this opportunity also collapses.
This will likely benefit Riley, but most everyone else that joins will probably end up losing out. You know, how most pyramid scheme go.
Very early adopters of 10xBitcoin stand the chance of coming out on top, but this won’t be the case for the majority of affiliates.
You will lose out if you join 10xBitcoin, and as such, you should take your time and money elsewhere.
I sure hope that you have found my 10xBitcoin review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my 10xBitcoin review to have all the information for you.
If you decide to carry forward with 10xBitcoin, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.