BitConcent Review – Is This A Good Opportunity Or Big Scam?
BitConcent 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 BitConcent.
I have simply gathered for you all the facts in this BitConcent Review in order for you to make a proper decision about it.
So, is it true? Is BitConcent a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is BitConcent?
Taking a look at BitConcent’s official website, there’s not much of anything to see. The site looks good enough from an aesthetic point of view, but there isn’t any mention of where the company is based out of, when it was founded, or who owns it.
BitConcent’s domain name was registered on September 24, 2017, and while this does help to give me an idea as to when the company came to be, this is more of a dead end than anything.
Since the registration was done privately, it’s impossible to know who the owner of the domain is or where the registration physically took place.
What Are The Products For BitConcent?
On the product line side of things, there’s not much of anything to talk about with BitConcent.
No goods or services are sold to retail customers, and as a result of this, there’s no way for retail sales activity to exist.
This leaves affiliates with only the affiliate membership to offer to individuals, and the main draw to this is the income opportunity that comes bundled with it.
Setups like this are often seen in the MLM space, and in my experience, they’re only ever associated with entities that exist to scam people out of their hard-earned dollars.
What Is The Compensation Plan For BitConcent?
Should you choose to join BitConcent, you’ll be faced with an opportunity in which you’re asked to buy BTCC points at the rate of $1.50 each.
After buying so many of these points, you then lend them back to the company’s owners so you can start earning a monthly ROI. The ROI is offered for a total of 90 days, and you can earn up to 45%.
Affiliates can choose between a few different investment tiers to decide how much they’d like to earn, and those work out as follows:
- Members earn a daily ROI after investing 50 to 1000 BTCC
- Members earn a daily ROI and 0.1% bonus after investing 1001 to 5000 BTTC
- Members earn a daily ROI and 0.15% bonus after investing 5001 to 10,000 BTTC
- Members earn a daily ROI and 0.2% bonus after investing 10,001 to 50,000 BTTC
- Members earn a daily ROI and 0.25% bonus after investing 50,001 to 100,000 BTTC
- Members earn a daily ROI and 0.3% bonus after investing 100,001 BTTC or more
If you’d like to take your earnings up to the next level, BitConcent also allows its members to purchase BitConcent Gold points (referred to as BTCCG).
These points cost more at $10 each, but the process is essentially the same. You buy the points, lend them back, and then earn an ROI and bonus depending on how much you invest.
To supplement all of this, BitConcent affiliates also have the chance to earn on referral and residual commissions.
Referral commissions are paid using a unilevel system, and this allows affiliates to earn down to ten levels of downline recruitment. On the other hand, residual commissions are handled by a binary setup with points added to it each time people invest into the two points BitConcent offers.
What’s Does It Cost To Join BitConcent?
If you want to join BitConcent, you can initially do so for free and earn on just referral commissions.
However, if you prefer to take advantage of everything the compensation plan has to offer, you’ll need to make an investment of at least 50 BTCC.
Is BitConcent A Scam?
Have you heard from a friend that BitConcent is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about BitConcent – is it a scam or legit?
Good news – BitConcent 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.
BitConcent Review Conclusion
The MLM underbelly has recently been flooded with Ponzi schemes trying to convince people to invest in worthless ICOs, and to be blunt, that’s exactly what BitConcent is.
BTCC and BTCCG points hold no real world value, and as such, are nothing more than worthless Ponzi points that only exist to help BitConcent’s admins earn a pretty penny.
Because BitConcent lacks a product line, the only other source of income it has is that of affiliate investments. As new money is invested, it gets recycled and used to pay off ROI liabilities that BitConcent owes to other members.
Like all other Ponzi schemes, BitConcent will not end well for most people. While the admins should make off quite well, the majority of affiliates are guaranteed to lose out. Combine this with the fact that recovering lost funds will be next to impossible, and it becomes clear why you’d want to avoid this one at all costs.
I sure hope that you have found my BitConcent review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my BitConcent review to have all the information for you.
If you decide to carry forward with BitConcent, 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.