Five2BTC Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that Five2BTC is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about Five2BTC, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting Five2BTC as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about Five2BTC in my Five2BTC Review – now you can learn all you need to know about it.
Is Five2BTC really a legit business?
Is Five2BTC a safe business to join?
Let me show you in my review of Five2BTC.
Get started by reading my review below.
Exactly What Is Five2BTC?
Today, the next company that’s up for my full review goes by the name of Five2BTC. Five2BTC falls into the pitfall of being another new MLM opportunity that has failed to offer any sort of background information on itself on their company website, and this is certainly not the best foot to start off of.
So often with these new opportunities, I’ve been seeing companies that have made the move to not provide any form of information about who owns the business, who runs the daily tasks, or where it’s physically located in the world.
This is all incredibly important information that helps people see the legitimacy behind the opportunity being offered, but when this info is withheld, we’re left looking at nothing more than a faceless entity.
With this being the case, I decided to try and find some information about Five2BTC based off of the domain registration for their website. I was able to find that the registration took place on September 29th of 2016, but since it is set to a private state, I was unable to determine where this registration took place or who was actually behind it.
However, even with all of this being the case, I was able to finally find a name to tie with Five2BTC.
Upon trying to join the company without a referral link from another affiliate, the default referrer is set to someone by the name of David Vicente Martin.
I looked a bit more into Mr. Martin, and I discovered that his Facebook page not only indicates that he’s located in Spain, but that he identifies himself as the “management at Five2Btc.”
If Martin’s name sounds at all familiar to you, that’s because Five2BTC is not his first time being involved with in the MLM world. Prior to this, Martin was behind Unetenet, TelexFree, Organo Gold, and Profit Clicking.
The majority of Martin’s involvement with MLM has been with Ponzi schemes, so with that being the case, the outcome of Five2BTC isn’t all that reassuring at all.
What Is The Five2BTC Product Line?
With all of that information laid out on the table, it shouldn’t come as too much of a surprise at all that Five2BTC lacks a product line within their opportunity.
This is another thing that I’ve been noticing that’s taking place more and more often with new opportunities, but even with that being so, it doesn’t make it any less serious of an issue.
You see, while product lines are very expensive and difficult to establish, not having one causes for nothing but problems as time goes on.
Product lines allow for good and services to be sold, and when this selling takes place, you’re looking at the concept of retail sales. Retail sales often serve as the mains source of income for most legitimate MLM opportunities, so when you don’t have a product line, you don’t have your major source of income either.
This is often a recipe that’s found when dealing with schemes of some sort, and judging by what we’ve seen with Five2BTC at this point in the review, that’s likely where this conclusion is heading.
What Can You Tell Me About The Compensation Plan For Five2BTC?
Moving on to the compensation plan for Five2BTC, we’re looking at a plan that has affiliates for the company being able to receive gifted payments of bitcoin after they gift their own bitcoin payment to other affiliates as well.
These gifting payments are handled through the use of a 2 x 5 matrix system, and this matrix is filled once all 62 positions have been housed by recruited affiliates.
Moving up through the matrix requires gifting more and more payments of bitcoin to other affiliates, but with every payment that you gift, you are then eligible to receive more as a gifted payment to yourself.
The 5 different levels for these gifted payments within the matrix system works out as follows –
- 1st Level – Affiliates gift 0.01 BTC to the person that recruited them to join and earn 0.01 BTC from two other affiliates (2 positions)
- 2nd Level – Affiliates gift 0.015 BTC and earn 0.015 BTC from four other affiliates (4 positions)
- 3rd Level – Affiliates gift 0.04 BTC and earn 0.04 TC from eight other affiliates (8 positions)
- 4th Level – Affiliates gift 0.2 BTC and earn 0.2 BTC from sixteen other affiliates (16 positions)
- 5th Level – Affiliates gift 2 BTC and earn 2 BTC from thirty-two other affiliates (32 positions)
Something worth noting here is the fact that all of these payments – both paid and received – are send out on a monthly basis.
What Will It Cost To Join Five2BTC?
In order to join Five2BTC as an affiliate, you’ll be required to send in a monthly gifting payment of at least 0.01 BTC. However, if you’d like to fully participate in the opportunity at hand, you’ll need to boost that monthly gifting payment up to 2.265 BTC (aka $1,592.25 USD/month)
Is Five2BTC A Scam?
If you have heard that Five2BTC is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is Five2BTC 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 Five2BTC Review
For those who aren’t familiar, MMM Global is one of the most notorious Ponzi schemes that has ever existed.
I wasn’t able to directly tie David Vicente Martin to MMM Global, but when reading through the marketing material for Five2BTC, it’s quite obvious that Martin took a lot of inspiration from the company –
“FIVE2BTC not collect your money, FIVE2BTC is not an online business, HYIP, REVSHARES, PTC. FIVE2BTC is a user community where people help each other with donations. There is no global account of the administration where all donations go. All donations go directly from member to member without intermediaries, in fact, FIVE2BTC only regulates the process – nothing more. So the system belongs fully to users.”
Five2BTC is trying to sell the idea that money is exchanged from affiliate to affiliate on the idea that everyone is simply helping each other out with donations to one another, but in reality, this is just a ruse to cover up the illegal cash gifting game that’s actually taking place.
Martin has more than likely pre-loaded at least one (if not more) positions at the top of the matrix for Five2BTC, and this will result in him earning the lion’s share of the money being sent into the company.
This means that all other affiliates for the company are required to sit around and wait for Martin’s matrix positions to get filled before they can start earning anything, and even when they do, the earnings they’ll see will be next to nothing.
And, as we’ve seen time and time again, Five2BTC will be forced to collapse once the levels of recruitment die down. Once this does take place, any affiliate who have yet to earn back the money they’ve invested will be straight out of luck, and this will happen to be the case for most people.
I definitely hope you have found value in my Review of Five2BTC.
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 Five2BTC, make sure you take the time to learn how to market yourself!
My training below can help you with that.