RiseBits Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, RiseBits 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 RiseBits in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for RiseBits.
I wanted to gather all the information about RiseBits in my RiseBits Review in order for you to make a decision about joining RiseBits.
Is RiseBits 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 RiseBits.
Read on to find out what you need to know.
What The Heck Is RiseBits?
There are tons of new opportunities entering the MLM realm every single day, but the one up for my review today is that of RiseBits.
I always go into these reviews with a great deal of enthusiasm, but with RiseBits, any good thoughts I had going into the review were quickly whisked away.
Right away, I noticed that the RiseBits website doesn’t offer any information at all in regards to background info on their company website. Data on who owns the business, who runs it from the management level, or where in the world it’s based out of isn’t found anywhere at all.
This is never a good sign when conducting these reviews, but with this being the case, I decided to take my research to the domain name registration from the RiseBits website.
Unfortunately, this turned out to be a dead end as well.
The registration showcases that it took place on October 14th, 2016, but info on who was behind it or where it took place is unknown. This is due to the fact that the domain registration is currently set to a private state, and it’s usually something that’s seen with schemes or scams of some sort.
Despite all of this, I was able to find a Facebook group for RiseBits that was created back on November 15th of this year. The sole admin for the group is someone by the name of “Rahul Singh”, but upon visiting Singh’s profile on Facebook, I was met with even more bad feelings.
Rahul Singh’s Facebook accounted wasn’t created until November 14th, and it’s plastered with little more than marketing and promotional material for RiseBits. All of this likely suggests that Rahul Singh doesn’t actually exist, and that the Facebook profile is completely fake.
As discouraging as all of this is, perhaps the most interesting bit of information I found has to do with the “About Us” page on the RiseBits website.
Part of that page contains the same copy that’s found on the website for Super Matrix and LifeBTC, and for those who aren’t familiar, both of these companies are cash gifting/Ponzi schemes that were officially launched just last month in October.
Luis Castillo is the admin for Super Matrix, but it’s unknow as to whether or not he has any involvement with RiseBits.
What Are The RiseBits Products?
The product lien is the next thing we need to look at, but this doesn’t offer a lot of promise either.
This is because RiseBits has made the decision to not include any sort of product line at all within their business model, and while this is a move that’s becoming more and more popular with MLM startups, it’s one that I would like to see stopped sooner rather than later.
Not having a product line means that retail sales can’t take place, and no legitimate MLM opportunity can survive without a proper product line in place.
With this lacking, affiliates for RiseBits have nothing but the affiliate membership itself to market and sell to prospective buyers.
Once someone does decide to sign up as an affiliate for RiseBits, they are then tasked with gifting money to the affiliate that recruited them to join the company.
With every payment that is confirmed, affiliates are also able to earn advertising credits.
These credits can be redeemed to display ads on the RiseBits website, and it sounds an awful lot like “adcredits” that are usually seen with Ponzi schemes.
What About The Compensation Plan For RiseBits?
Now, let’s talk about that compensation plan.
RiseBits uses a 3 x 4 matrix to organize all of the payments that go through the system, and when taking a look at it, it’s quite easy to see that there’s a rather obvious cash gifting scheme taking place.
When a new affiliate signs up for the opportunity, they must send a gift payment of 0.007 BTC to the affiliate that personally recruited them to join the company every 20 days.
This is how you first get placed in the matrix, and going through the 4 total levels is achieved by gifting more money on different recurring periods.
Each level requires you to hand over more money, with the level 4 section seeing that you gift a total of 1.5 BTC every 105 days. However, this then allows you to receive 1.5 BTC from eighty-one other affiliates.
What’s The Cost Of Joining RiseBits?
If you’d like to become an affiliate for RiseBits, you’ll need to gift at least 0.007 BTC to the affiliate who recruited you every 20 days.
However, if you want to fully participate in everything that RiseBits has to offer, you’ll need to gift 1.625 BTC over the course of different staggered time periods.
So, Is There A RiseBits Scam Going On?
Have you been hearing rumours that RiseBits 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 RiseBits scam going on?
If I am being perfectly honest, RiseBits isn’t entirely a scam.
However, there are some things you need to watch out for.
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Finally, My RiseBits Review And Conclusion!
So, with all of that info said and laid out on the table, what are we looking at with RiseBits?
It’s actually quite simple.
RiseBits is operating as nothing more than a cash gifting scheme.
Nothing is being sold to retail affiliates, and the only source of income is coming from gifted payments that affiliates make.
All of the payments are sent up and up, meaning that only the top positions will earn the majority of the money that gets invested into RiseBits. These positions are likely filled by the anonymous admin(s) behind RiseBits, meaning that most everyone else will end up losing their money.
And, to add insult to injury, the use of bitcoin means that it will be next to impossible to recovery any lost funds.
I really hope you have gained value from my RiseBits Review.
I wanted to make sure you had all the information you needed, because most other RiseBits reviews are just trying to sell you something.
If you really do decide to join RiseBits, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!