Bitcoin4u Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, Bitcoin4u 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 Bitcoin4u in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for Bitcoin4u.
I wanted to gather all the information about Bitcoin4u in my Bitcoin4u Review in order for you to make a decision about joining Bitcoin4u.
Is Bitcoin4u legit or a scam?
Will it be able to deliver on it’s promises to you?
Let me show you in my unbiased review of Bitcoin4u.
Read on to find out what you need to know.
What The Heck Is Bitcoin4u?
Bitcoin4u is the name of one of the latest MLM opportunities to hit the scene, and although this company has been making quite a name for itself online recently, my first impressions on what Bitcoin4u is offering aren’t all that great.
To begin, the Bitcoin4u website doesn’t offer any information at all in regards to who owns the company, who’s involved with the company on the executive level, or where in the world it’s physically based out of.
All of this info is stuff you’d come to expect from any legit MLM venture, and the fact that none of that information is present here does create for a rather bad feeling in my stomach.
The website as a whole for Bitcoin4u is pretty much a giant road block, so I decided to take my research over to the domain name registration for it.
Upon doing this, I was able to see that the domain name for the Bitcoin4u website was registered on August 1st of 2016, but that was it. Because the domain name was registered privately, info on who the owner is or where in the world they’re physically based out of is all absent from the registration.
Current Alexa rankings for the Bitcoin4u site indicate that 42% of all traffic that the site receives comes out of India, meaning that this is a strong indication that this is where the company’s anonymous admin(s) is based out of.
What Are The Bitcoin4u Products?
Unsurprisingly for a company along these lines, Bitcoin4u is yet another MLM opportunity that’s trying to be successful without any sort of product line set in place at all.
No product line means that there aren’t any goods or services available for retail customers to buy, and in turn this results in a complete absence of any and all retail sales activity.
Retail sales is a huge component for any legitimate MLM opportunity, and whenever they’re lacking completely from a company like Bitcoin4u, that’s usually a very strong indicator that it’s operating as a form of scheme or scam in the MLM underbelly.
What About The Compensation Plan For Bitcoin4u?
As for the compensation plan that Bitcoin4u is using, affiliates for the company initially get things started by gifting 0.002 BTC to ten other affiliates that currently exist within Bitcoin4u. These ten affiliates are provided to new members by a list that’s given to them, and two of the accounts that receive this gift payment of 0.002 BTC are that of admin accounts.
The list of affiliates that is sent out is acquired from a replicated website that’s also hosted on the Bitcoin4u domain name, and once this gift payment has been received by all ten affiliates, the new affiliate that sent out this money is then moved up one position.
This new affiliate is placed at the bottom of the list that’s sent out to new affiliates, with the affiliate that’s placed at the third positon on it getting kicked off.
As you’d probably expect, the two admin accounts on the list remain at the very top no matter what.
Money and payments sent through Bitcoin4u is all organized using a 10 x 10 matrix system, and this results in the fact that affiliates for the company are basically paid a commission ten different times for every one affiliate that they recruit to join as well.
So, in other words, the amount of 0.002 BTC payments that you receive as an affiliate is entirely dependent on how many other affiliates you decided to recruit for the company.
What’s The Cost Of Joining Bitcoin4u?
If you’re for some reason interested in becoming an affiliate for Bitcoin4u, you’ll be required to send out ten gifting payments of 0.002 BTC to existing affiliates within the company, resulting in a total upfront cost of 0.02 BTC.
So, Is There A Bitcoin4u Scam Going On?
Have you been hearing rumours that Bitcoin4u 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 Bitcoin4u scam going on?
If I am being perfectly honest, Bitcoin4u isn’t entirely a scam.
However, 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.
Finally, My Bitcoin4u Review And Conclusion!
As per the Bitcoin4u website, “This is not a MLM or Money chain program. First of all, This system is 100% legal and 1000% successful. It is not a Scam or Fraud way of making Money.”
This is the message and story that the Bitcoin4u website is trying to sell, but when it comes down to it, there’s simply nothing at all legal about cash gifting. And, in the case of Bitcoin4u, that’s exactly what’s taking place here.
Affiliates join the company by gifting ten payments of 0.002 BTC to existing members in the company, and this then entitles them to receive gift payments as well form subsequently recruited affiliates.
The admins for Bitcoin4u get 0.004 BTC of this gift payment, with eight other affiliates within the company getting 0.002 BTC each.
As all cash gifting schemes go, Bitcoin4u will only be around as long as more and more people continue to join the opportunity. Once recruitment levels die down, so too will the company as a whole.
Once Bitcoin4u finally collapses, the admins will run off with the lion’s share of all the earnings, leaving most everyone else to end up losing out on this deal.
In other words, steer clear of this one.
I really hope you have gained value from my Bitcoin4u Review.
I wanted to make sure you had all the information you needed, because most other Bitcoin4u reviews are just trying to sell you something.
If you really do decide to join Bitcoin4u, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!