Gain Bitcoin Review – Is This A Good Opportunity Or Big Scam?
Gain Bitcoin 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 Gain Bitcoin.
I have simply gathered for you all the facts in this Gain Bitcoin Review in order for you to make a proper decision about it.
So, is it true? Is Gain Bitcoin a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is Gain Bitcoin?
Gain Bitcoin is one of the latest MLM opportunities that’s been creating for a bit of talk and buzz, so I figured that now would be a good time to take a look into what the company has to offer.
Taking a look into the the Gain Bitcoin website, there’s not a whole lot of information available to get a good feel for the background of the business. Nowhere will you find any information about who owns Gain Bitcoin, where it’s based out of, when it was founded, etc.
The domain name for the site (gainbitcoin.com) was registered on March 26 of 2013, and the owner is listed to be Mark Lee. In addition to this, an address over in Singapore is also listed.
Upon further research into Mark Lee, I was able to find a LinkedIn profile for Lee. However, aside from saying that Lee is the CEO of of Gain Bitcoin, the rest of the LinkedIn profile is pretty much empty.
That is, aside from a claim that Mark Lee currently resides over in new Delhi.
This is where things begin to not make a whole lot of sense.
Why in the world would Gain Bitcoin be based out of Singapore with a CEO that resides in India?
Furthermore, other than the barren LinkedIn profile page, there isn’t any other information to be found on Mark Lee.
This is highly suggestive of the fact that Mark Lee as described in the domain registration doesn’t actually exist, and is only being used for the namesake alone.
After looking further into Gain Bitcoin, I noted that the Terms and Conditions section of the site claims that the company is owned by VariableTech PTE LTD — another Singapore-based company.
In addition to this, a “Team and Company Information” page of the website offers a link to a PDF file that offers information on Amaze Mining and Research LTD.
Amaze Mining and Research LTD’s website claims that the company has, “produced up to 200% yearly returns on the investment in Alt-coin Mining.”
The CEO for Amaze Mining and Research LTD is Amit Bhardwaj, and he appears to live somewhere in India.
This lines up nicely with the fact that the Mark Lee LinkedIn profile shows residency in New Delhi, and a YouTube video surfaced earlier this year in which Bhardwaj was promoting the fact that Gain Bitcoin offered a 10% monthly ROI.
It’s unclear as to why Bhardwaj’s name doesn’t appear on the Gain Bitcoin website, but it would appear that the man is clearly involved with the company on some level.
What Are The Products For Gain Bitcoin?
Looking at the product line that Gain Bitcoin is bringing to the table, there’s unfortunately nothing to see here at all.
Goods and services are nonexistent within Gain Bitcoin, and this means that there’s nothing for retail customers to purchase.
The affiliate membership is the only thing that members of Gain Bitcoin have to offer to people that are looking for a new income opportunity, and this all comes together for a situation in which there’s a complete and total lack of any retail sales activity.
What Is The Compensation Plan For Gain Bitcoin?
If you’d like to make money with Gain Bitcoin, you’ll need to invest some money into the company to secure a return on investment.
The ROI with Gain Bitcoin is paid out on a monthly basis with a value of 10%. This ROI is offered for 18 months, and this works out to a total payout of 180% when everything is said and done.
Gain Bitcoin has three main investment packages that affiliates can choose from, and they include —
- Basic Plan — Affiliates invest 1 BTC for an ROI of 1.8 BTC
- Amaze A3 — Affiliates invest 4.85 BTC for an ROI of 8.73 BTC
- Amaze A5 — Affiliates invest 13.75 BTC for an ROI of 24.75 BTC
If and when an existing affiliate is able to personally recruit someone new into Gain Bitcoin that also invests money, they are able to earn a direct referral commission of 5%.
What’s Does It Cost To Join Gain Bitcoin?
A minimum investment of 1 BTC is required to start earning with Gain Bitcoin, but if you would like to maximize your earning potential within the compensation plan, you can increase that amount up to 13.75 BTC.
Is Gain Bitcoin A Scam?
Have you heard from a friend that Gain Bitcoin is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about Gain Bitcoin – is it a scam or legit?
Good news – Gain Bitcoin 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.
Gain Bitcoin Review Conclusion
On the Gain Bitcoin website, the company makes mention of “guaranteed returns” that affiliates have access to after investing money.
As per the website, “Using our proprietary methodology and years of experience in mining we are always able to beat the rues [sic] of difficulty & hence able to deliver a consistent Mining Outputs to our customers.”
This creates for a couple big issues.
For one thing, it’s never possible to offer someone a guaranteed return off of an investment.
Secondly, there’s no proof that Gain Bitcoin is actually doing any bitcoin mining at all.
The only source of identifiable income for Gain Bitcoin is affiliate investment, and newly invested funds get turned around to pay ROIs that the company owes to existing members.
In other words, Gain Bitcoin is operating as a Ponzi scheme.
As with any other Ponzi scheme, Gain Bitcoin will collapse once recruitment/investment activity dies down. A drop in recruitment will be less money making its way into Gain Bitcoin, and this will result in affiliates not earning the ROI that they’re expecting.
At this point in time, Bhardwaj will make off with whatever money he’s earned from Gain Bitcoin and likely go on to start another scam by a different name.
I sure hope that you have found my Gain Bitcoin review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my Gain Bitcoin review to have all the information for you.
If you decide to carry forward with Gain Bitcoin, 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.