Bit Cycler Review – Is This A Good Opportunity Or Big Scam?
Bit Cycler 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 Bit Cycler.
I have simply gathered for you all the facts in this Bit Cycler Review in order for you to make a proper decision about it.
So, is it true? Is Bit Cycler a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is Bit Cycler?
Bit Cycler is the name of the latest MLM opportunity that’s up for my full review, and right off the bat, the company makes a rather poor first impression.
The official Bit Cycler website doesn’t offer any information at all in regards to who’s running the company, who owns it, or where in the world it’s physically located. All of this is critical information that’s expected to be present on any legit company’s website, so its absence here with Bit Cycler certainly is troubling at the very least.
With the company’s actual website being a rather disappointing dead end, I decided to take my research to the site’s domain name registration. Here, I was able to see that the registration took place on October 6th, 2016. In addition to this, I was also able to learn that someone by the name of Francisco Gomez is listed to the the owner.
Along with this name, it appears that Gomez is involved with a company by the name of “3fera.”
After doing a bit of research, 3fera looks to be some sort of website design and marketing company that’s located in Spain.
While the Bit Cycler website didn’t offer any information in regards to people that are involved with the company, I did find an official Facebook group that lists three individual admins. These admins’ names are Tonatiuh Cordero, Antonio Solis, and Armando Castillo.
It’s quite likely that either one, two, or all three of these people are running Bit Cycler, but without any other mention of their names outside of the Facebook group, there’s no way to tell for sure as to who’s doing what within the company.
What Are The Products For Bit Cycler?
Moving right along to the product line, we don’t have too much to talk about here at all.
This is because Bit Cycler is an MLM opportunity that’s trying to succeed without any sort of product line established at all, and as we’ve seen time and time again, this is a setup that never works in the long haul.
No product line means that retail sales can’t take place, and with no retail sales, that’s a bit source of income that’s missing.
This usually creates for a situation in which the only identifiable source of income is that of affiliate investments, and whenever this is seen, we’re usually left looking at form of Ponzi scheme.
What Is The Compensation Plan For Bit Cycler?
In regards to the compensation plan that Bit Cycler is marketing and advertising, affiliates earn money by first investing money into various cycler positions that are made available to them.
These positions allow an affiliate to get placed in a straight-line queue cycler, and whenever two individual positions get purchased within a queue, the position that’s located at the very top is then paid a cycler commission.
The available positions and their costs and payouts are as follows –
- Cycler 1 – Position costs $20 and pays a commission of $26
- Cycler 2 – Position costs $50 and pays a commission of $67.50
- Cycler 3 – Position costs $100 and pays a commission of $140
Following the payment of a commission here, that position is them removed from the queue and all of the remaining positions in it are then moved up a notch.
This is a process that goes on and on and on and on, and purchase more and more positions in the cycler will allow you to increase your earning potential.
Along with this, affiliates can also earn money through referral commissions,. These commissions are paid out to affiliates through the use of a unilevel payment system, with a payment cap placed on 5 levels deep of recruitment.
Level 1 earns the most here at 10%, and level 5 earns a measly commission of just 1%.
Additionally, Bit Cycler allows affiliates to increase the amount of cash that they earn from these referral commissions. Recruiting 100, 1000, and 10,000 affiliates will allow a member for Bit Cycler to increase the amount of money they’re able to get from the available referral commission, but these are all rather steep requirements to meet.
What’s Does It Cost To Join Bit Cycler?
If you’re at all interested in becoming an affiliate for Bit Cycler for whatever reason, you are given the option to join the company for free. However, if you decide to do this, you won’t be able to earn on the entire compensation plan that is being offered.
In order to do this, you’ll need to hand over between $20 and $100 towards the purchase of a cycler position.
What’s also worth noting here is the fact that all payments throughout Bit Cycler are handled through the use of bitcoin.
Is Bit Cycler A Scam?
Have you heard from a friend that Bit Cycler is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about Bit Cycler – is it a scam or legit?
Good news – Bit Cycler 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.
Bit Cycler Review Conclusion
To wrap all of this up, where does that put us with Bit Cycler?
After everything I’ve just gone over, it shouldn’t come as too much of a surprise at all that Bit Cycler is operating as a Ponzi scheme.
Affiliates invest either $20, $50, or $100 into cycler positions on the idea that they’ll be able to earn a respective payout of $26, $67.50, or $140.
Bit Cycler isn’t selling anything at all to retail customers, and newly invested funds from affiliates are then used to pay off existing ones. This is where the Ponzi nature of Bit Cycler is seen, and it’s incredibly strong throughout the company.
These sort of scams are seen quite often around Christmas time, as they try to sell the idea that affiliates will be able to earn bit of extra cash for the holiday season. A website is speedily thrown together, preloaded positions are made by the admin, and anyone is then given the opportunity to invest into it.
The rest is then a typical Ponzi scheme.
Once the Christmas season passes, Bit Cycler will likely come to a collapse, and the folks behind it will make off with the lion’s share of the earnings while everyone else is left to lose out.
And, thanks to the inability to recover lost funds due to the use of bitcoin, and you’re looking at anything but a Christmas miracle here.
I sure hope that you have found my Bit Cycler review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my Bit Cycler review to have all the information for you.
If you decide to carry forward with Bit Cycler, 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.