BitClub Network Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, BitClub Network has been getting a lot of attention in the network marketing circles.
With all this hype, I am sure you have seen some of your friends trying to sell BitClub Network in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for BitClub Network.
I wanted to gather all the information about BitClub Network in my BitClub Network Review in order for you to make a decision about joining BitClub Network.
Is BitClub Network legit or a scam? Is it on the verge of collapsing now?
Will it be able to deliver on it’s promises to you?
Let me show you in my unbiased review of BitClub Network.
Read on to find out what you need to know.
What The Heck Is BitClub Network?
BitClub Network is easily one of the most peculiar and interesting MLM opportunities that we’ve seen pop up recently.
The company’s original iteration told affiliates that, after investing their cash, they would receive a daily ROI every single day as their return on investment for 1000 total days.
However, the folks behind BitClub Network quickly realized that they were not going to be able to meet the ROIs they were promising over this 1000-day period. Once they discovered this, they decided to change that period from 1000 days to just 600 days.
With this change in plans, BitClub Network was operating under the idea that, affiliates who initially put their cash into this opportunity, would then go ahead and reinvest that money for yet another 600 days.
This process would give BitClub Network a bit more breathing room, and essentially buy them some more time before they would run out of cash to pay off the ROIs that they owed.
However, it appears that this change wasn’t nearly enough to keep the company afloat the way that they were expecting. This is evident from the fact that BitClub Network now appears to be completely getting rid of contracts they had with early on investors.
According to BitClub Network, people who invested money between the dates of September 14th, 2014 and June 30th, 2015 will not be able to earn an ROI. Just like that. No prior warnings were given at all, and investors between these dates will now not earn cash they were promised when they initially invested into the company.
BitClub Network said that “By eliminating these early shares it will boost the daily payout on a per share basis for everyone else.” And, along with this, it will also allow BitClub Network to go back to the 1000-day ROI, rather than 600 one that they had to move to. And, for those people that invested under the promise of getting an ROI after 600 days, an extra 400 will now be added to that in order to equal out to the new period of 1000 days.
Why all these changes though? From what we’ve been able to tell, the mining operations that the company initially launched on aren’t quite as profitable as they initially though they would be.
With BitClub Network, affiliates invest their own cash on the premise that they’ll earn an ROI based off on mining of bitcoin that is being conducted. Their investments supposedly go towards this mining process that BitClub Network is conducted, but it looks like BitClub Network is quickly realizing that this business model doesn’t make any real sense at all.
The whole system that BitClub Network is using is creating for a tremendous strain and stress on the company as a whole, and with all of this info in mind, those people who decide to invest in the company at this point in time will more than likely not be receiving any sort of return on their investment.
So, what’s the fix to all of this?
According to BitClub Network, that solution came in the means of simply getting rid of early investors in the company. That might seem like a solution to all of the company’s problems, but when we take a look at just how Ponzi schemes work, we can quickly see that this won’t work out for BitClub Network in the long haul.
With Ponzi schemes, all of them typically last for around 2 years before they succumb to their ultimate collapse. BitClub Network is quickly approaching that 2-year cutoff, and the mining operations that are taking place have yet to match 1:1 the ROIs that the company has to pay out to their affiliates.
Until that 1:1 match is met, BitClub Network is essentially losing money with each affiliate that signs up.
BitClub Network is operating under the idea that they will survive due to unforeseen market adjustments, and that the value of bitcoin will magically increase substantially for no reason at all.
By dragging out the ROI period to 1000 days once again, BitClub Network is pretty much just crossing their fingers and hoping that the value of bitcoin shoots up at a crazy rate before that 1000-day period is up. Unfortunately, if that doesn’t happen, the company will be unable to pay off the ROIs that they’ll end up owing to all of their affiliates.
As for how BitClub Network is operating right now, the company is asking affiliates to invest anywhere from $500 and $25,000 into pools that they have open. Once this investment has been made, BitClub Network offers investing affiliates an ROI that is paid out within 18-months.
This is nothing more than yet another attempt for the company to get more cash from new investors, and they’ll hopefully be able to use these to pay off the existing ROIs that they owe to current affiliates within the company.
It doesn’t take a lot to see that BitClub Network is just scrambling to get as many new investments as they can from new affiliates and investors. They’re clearly short on cash, and introducing new ways for affiliates to invest will hopefully allow these guys to stay in business a bit longer.
Unfortunately, it’s highly unlike that this will pay off for BitClub Network when moving forward. It’s only a matter of time before the company complete runs out of funds, and when the time comes, they’ll be forced to finally shut down.
So, Is There A BitClub Network Scam Going On?
Have you been hearing rumours that BitClub Network is a scam?
After reading this review, you might still be asking yourself if it is really legit.
So – what is the truth? Is there really a BitClub Network scam going on?
If I am being perfectly honest, BitClub Network appears to be a pretty obvious Ponzi Scam.
There are some things you need to watch out for.
This is how you will be successful in online marketing. See the image below for details.
I really hope you have gained value from my BitClub Network Review.
I wanted to make sure you had all the information you needed, because most other BitClub Network reviews are just trying to sell you something.
If you really do decide to join BitClub Network, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!