BitGlare Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that BitGlare is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about BitGlare, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting BitGlare as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about BitGlare in my BitGlare Review – now you can learn all you need to know about it.
Is BitGlare really a legit business?
Is BitGlare a safe business to join?
Let me show you in my review of BitGlare.
Get started by reading my review below.
Exactly What Is BitGlare?
Taking a look at BitGlare’s website, there’s unfortunately not much background information to see at all. There’s no mention of who founded the company, who owns it, or where in the world it’s based out of.
BitGlare uses its site to say that it was “found in Oct 2016 by a group of experts in volatility trading software”, but the fact that the domain name was just registered on November 30, 2017 begs to differ.
The domain for BitGlare is “bitglare.com“, but since the registration was done privately, it’s impossible to tell who the owner is or where it took place.
What Is The BitGlare Product Line?
As for the product line that BitGlare is offering, there’s not much to talk about here either.
No goods or services are being sold to retail customers, and because of this, there’s no chance for retail sales activity to take place.
The only thing affiliates have to offer is the affiliate membership, and in my experience, this is something that’s only seen with companies that exist within the MLM underbelly.
A solid product line and retail sales are needed for any legit MLM opportunity, and neither of those things are found here.
What Can You Tell Me About The Compensation Plan For BitGlare?
Should you choose to become an affiliate for BitGlare, the biggest draw will be the compensation plan.
BitGlare affiliates invest money to get BGC points that are sold by the company, and these can be purchased between 20 cents and $1.50 per point.
Once points are bought, affiliates then lend them back to BitGlare to earn a daily ROI that’s offered.
There are a few different investment levels to choose from that change how much you earn, and they work out as follows:
- Members invest $100 to $1000 to get a daily ROI and bonus of 0.05% for 149 days
- Members invest $1010 to $5000 to get a daily ROI and bonus of 0.1% for 129 days
- Members invest $5010 to $10,000 to get a daily ROI and bonus of 0.2% for 109 days
- Members invest $10,010 to $50,000 to get a daily ROI and bonus of 0.3% for 89 days
- Members invest $50,010 to $100,000 to get a daily ROI and bonus of 0.4% for 69 days
- Members invest $100,010 to more to get a daily ROI and bonus of 0.5% for 49 days
Along with this, BitGlare affiliates also have the chance to earn on referral commissions that are offered to them.
Referral commissions are paid using a unilevel system, and affiliates can earn on a never-ending number of downline recruitment.
What Will It Cost To Join BitGlare?
While you do have the option of becoming a BitGlare affiliate for free, this will only allow you to earn on referral commissions. If you’d like to earn on this and the daily ROI mentioned above, you’ll need to make an investment of at least $100.
Is BitGlare A Scam?
If you have heard that BitGlare is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is BitGlare a scam?
I would say not exactly. However, there are some things to be aware of before joining, which I have detailed in the conclusion.
You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion For My BitGlare Review
Per BitGlare’s website, the ROI being offered is funded thanks to the “latest volatility trading software 3.2 which has proven to be a huge achievement after months of test run.”
That might sound convincing enough for some people, but the fact of the matter is that there’s no proof this trading software even exists.
The only source of money coming into BitGlare is that of affiliate investments, meaning that newly invested funds are using to pay ROIs that are owed to existing members.
In other words, BitGlare is operating as a Ponzi scheme.
Like all other Ponzi themes that have come and gone, BitGlare will collapse once investment activity dies down. The admin(s) and a handful of early adopters will come out on top, but the vast majority of people involved will lose out.
Add this together with the fact that recovering lost funds will be next to impossible, and it becomes quite obvious why you should stay as far away from BitGlare as possible.
I definitely hope you have found value in my Review of BitGlare.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with BitGlare, make sure you take the time to learn how to market yourself!
My training below can help you with that.