We Grow Bitcoins Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, We Grow Bitcoins 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 We Grow Bitcoins in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for We Grow Bitcoins.
I wanted to gather all the information about We Grow Bitcoins in my We Grow Bitcoins Review in order for you to make a decision about joining We Grow Bitcoins.
Is We Grow Bitcoins 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 We Grow Bitcoins.
Read on to find out what you need to know.
What The Heck Is We Grow Bitcoins?
Right off the bat, We Grow Bitcoins’ website doesn’t offer a very good first impression at all.
For starters, you find any mention of who owns the company or who founded it. This makes We Grow Bitcoins appear faceless, and with MLM, that’s not something you want to see.
As for the domain name registration, the We Grow Bitcoins domain was registered on January 21 of this year (2017). However, since this was done privately, it’s impossible to see who the owner of the domain is or where in the world they were when the registration took place.
However, even with this lack of info in mind, I was able to associate a name with We Grow Bitcoins.
After doing plenty of digging and looking around through the Facebook page for We Grow Bitcoins, I was able to see that the page shared quite a few videos from a Cory Holliman.
This then lead me to the personal Facebook page for Cory, and this is where it became clear that he is the person currently running We Grow Bitcoins.
There are multiple posts in which Cory shares screenshots of back office data for We Grow Bitcoins, and one post that shares a link and photo for the company reads like this —
“All time high on sign ups today! We reached a great milestone with 1000 signups! Come join on our team before you get left in the dust…”
In addition to We Grow Bitcoins, I was also able to learn that Cory Holliman was a previous affiliate and investor for My 24 Hour Income — a Ponzi scheme that we’ll talk about again a bit later in the review.
What Are The We Grow Bitcoins Products?
In regards to the product line that We Grown Bitcoins has to offer, this is an area where there’s not a whole lot to talk about at all.
Cory Holliman has made the fateful decision to construct We Grow Bitcoins in a way in which there’s nothing being sold or marketed to retail customers, and this is a very dangerous move to say the least.
Retail sales exist solely because of a product line, and no retail sales means you aren’t getting any income from it.
You simply can’t have a legit/honest MLM opportunity that doesn’t have some sort of product line, so the absence of one with We Grow Bitcoins is a rather telling sign of things to come.
What About The Compensation Plan For We Grow Bitcoins?
As for the compensation plan, affiliates for We Grow Bitcoins earn money by sending bitcoin to one another through a pretty typical cash gifting setup.
We Grow Bitcoins uses a 5×3 matrix system to handle everything, and all gifting activity recurs on a monthly basis.
To get started, a new affiliate for the company must gift 0.01 BTC to the person that recruited them to join the opportunity. After sending this gift payment out, that affiliate can then receive 0.01 BTC from five other individuals that then join We Grow Bitcoins after them.
From here, the affiliate moves on to Level 2.
Level 2 of the matrix system sees affiliates gifting 0.03 BTC to get the same amount from twenty-five other members, and Level 3 follows with a gift payment of 0.5 BTC entitling members to 0.5 BTC from a whopping one hundred and twenty-five other recruits.
What’s The Cost Of Joining We Grow Bitcoins?
In order to join We Grow Bitcoins and start earning money with the company, you’ll need to hand over a gift payment of at least 0.01 BTC per month. Similar to other opportunities along these lines, however, choosing to gift more will allow you to potentially earn more.
So, Is There A We Grow Bitcoins Scam Going On?
Have you been hearing rumours that We Grow Bitcoins 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 We Grow Bitcoins scam going on?
If I am being perfectly honest, We Grow Bitcoins isn’t entirely a scam.
However, there are some things you need to watch out for.
This is how you will be successful in online marketing. See the image below for details.
Finally, My We Grow Bitcoins Review And Conclusion!
To sum things up, what’s the final word with We Grow Bitcoins?
As you can see, there’s not much special going on here aside from a fairly generic cash gifting scheme that’s based around bitcoin.
Affiliates join by gifting so much bitcoin per month to the affiliate that initially recruited them, and doing this then allows them to receive bitcoin from other members on a monthly basis.
Nothing is being sold or marketed to retail customers, and here’s where things get rather ironic.
If you dig around the YouTube channel for Cory Holliman, you’ll eventually come across a video that’s titled as “my24hourincome.com**Scam Alert My 24 Hour Income Scam Live Stream part 2.”
At one point in the video, Holliman says —
“When you see things such as ‘you get paid whether you refer someone or not’, that’s a red flag to me. Any system out there, any network marketing company, any MLM company, any store, in order for there to be revenues, something has to be bought or sold.”
Go over to the We Grow Bitcoins website, and you’ll see some text on the homepage that reads, “No Products to Sell!”
My guess is that after losing out with My 24 Hour Income, Holliman has decided to launch his own similar scam in order to recoup his losses.
And, in any case, most people who join will end up losing out just like Holliman did with My 24 Hour Income.
Cash gifting schemes usually set most affiliates up for failure, and We Grow Bitcoins is no different. The matrix system will see Cory Holliman snatching up the vast majority of all the cash that’s dumped into the company, so in other words, there’s no real benefit to you for getting hitched up with this one.
I really hope you have gained value from my We Grow Bitcoins Review.
I wanted to make sure you had all the information you needed, because most other We Grow Bitcoins reviews are just trying to sell you something.
If you really do decide to join We Grow Bitcoins, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!