BitSolid Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, BitSolid 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 BitSolid in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for BitSolid.
I wanted to gather all the information about BitSolid in my BitSolid Review in order for you to make a decision about joining BitSolid.
Is BitSolid 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 BitSolid.
Read on to find out what you need to know.
What The Heck Is BitSolid?
When it comes to background information, BitSolid doesn’t have much of anything to show for.
No data about who owns the company, where it’s located, or when it was founded is present, and this creates for the feeling that the admin(s) are trying to remain as anonymous on possible for a reason.
The domain name (bitsolid.io) was initially registered on September 5, 2017, but the private nature of the registration prevents me from seeing where this took place or who the owner of the domain is.
Aside from that, there’s not much else to say.
What Are The BitSolid Products?
As for the product line being offered by BitSolid, there’s really not much of anything to see.
No goods or services are sold to retail customers, and as a result of this, there’s no way for retail sales activity to take place.
The one and only thing affiliates can offer is the affiliate membership itself, and in my experience, this is something you only seen with companies that exist as schemes or scams in the MLM underbelly.
Retail sales are absolutely essential for any legit MLM opportunity, and they just don’t exist here with BitSolid.
What About The Compensation Plan For BitSolid?
In regards to the compensation plan that BitSolid is running, affiliates can invest 0.003 BTC or more in order to get a daily ROI that’s given to them for 90 days.
Referral commissions are offered alongside this, and by default all members earn a 10% commission on Level 1 recruits, 3% on Level 2, and 2% on Level 3.
If you step up to a Partner position, BitSolid will pay 15% for Level 1, 5% for Level 2, and 3% for Level 3.
Specifics on how to become a Partner for the company aren’t provided, but BitSolid does say that “To get the higher commission, you need to have the ability to promote and generate clients to our fund in your region through various means.”
Along with all this, there’s also mention of being able to earn on “high-volume partner” commissions. In order to do this, however, you’ll need to convince someone to join and make an investment of at least $100,000.
What’s The Cost Of Joining BitSolid?
You can join BitSolid for free, but you’ll only be able to earn on referral commissions. If you’re like to earn these commissions and the ROI, you’ll need to invest a minimum of 0.003 BTC and pay an admin fee of 4%.
So, Is There A BitSolid Scam Going On?
Have you been hearing rumours that BitSolid 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 BitSolid scam going on?
If I am being perfectly honest, BitSolid isn’t entirely a scam.
However, there are some things you need to watch out for.
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Finally, My BitSolid Review And Conclusion!
When talking about how it makes money for the offered ROI, BitSolid says that it does so through:
“quantitative trading hedge fund that actively invest through algorithmic based trading aided by artificial intelligence within the cryptocurrency market.
BitSolid Capital manages a hedge fund committed to exceptional returns for investors through an actively managed portfolio and algorithmic trading.”
In addition to this, BitSolid also claims that it is “fully developed and has been active since 2013.”
There’s a lot going wrong with BitSolid, and it starts with the lack of proper background information on its website. This is never something that you see with legitimate MLM opportunities, and it’s the first red flag that something suspicious is taking place.
Secondly, while BitSolid claims it’s been in operation since 2013, there’s no indication that the company existed prior to September of 2017.
And, most importantly, there only money evidently coming into the company is that of affiliate investments. Newly invested funds come in, they’re used to pay ROI liabilities, and this results in BitSolid being a Ponzi scheme.
Like all other Ponzi schemes, this will see most affiliates losing out. Only the anonymous admin(s) stand to earn anything of real value, and as such, I recommend saying as far away from this one as possible.
I really hope you have gained value from my BitSolid Review.
I wanted to make sure you had all the information you needed, because most other BitSolid reviews are just trying to sell you something.
If you really do decide to join BitSolid, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!