RE: Earning Money With Bitcoin Mining And Marketing
MLMs, for anyone who doesn't already know, are also called pyramid schemes. Stay far, far away from anything like this, where you "buy in" and they offer you huge returns. The term "binary commissions" are a dead giveaway, where people are rewarded for bringing more people in...
The key to making these things work is in getting people to convince others to join. As long as new people are investing, and the influx is more than the commissions being paid, the scheme keeps going. As soon as there is more money going out than coming in, the whole thing closes up, and the last half of the people who joined just lost all their money.
The links that Jeff posted, where he can "sponsor" you, are how he makes money off of people joining (by putting them below him in the pyramid).
Research Links
- Investment Warning - BitClub Network Review & Analysis
- The Crypto Show with a closer look at BitClub Network
- BitClub Network Review: Zeek Ponzi veterans at it again…
- [SCAM ALERT] The BitClub Network
- BitClub Network: MLM promises, false testimonials and PoS coin - AVOID
- Scam Alert: BitClub
- Criminals behind Bitclub-Network Investment Scam by @steeme
Thank you @kennyskitchen for your post. Just recently a network marketing acquaintance of mine was canvassing on FB for people who want to join BitClub and earn $200 a day. I immediately googled Bitclub website and suspected it to be an "mlm ponzi scheme". The minimum investment is $500. I will re-visit the attached research links to read further.
You're very welcome. I know a lot of people who have been burned on a variety of these MLM schemes, and always try to help others avoid the same fate.
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ya i too feel that it would be better to hold the bitcoins one purchased rather than putting in it here, plus i see that in 2020 the number of bitcoins per block will get reduced from the current 12.5 to 6.25.Also one wont get any fork coins for the one invested in bitclub, for eg if someone invested 1 BTC in bitclub when it was 500 per bitcoin, he lost the chance of getting 1 Bitcoin cash and the 2x coin coming next month.
I hadn't even really considered those parts of it, but that is definitely another important factor. Think about how much Bitcoin Cash people must have missed out on by having their BTC tied up in BitClub.
Any bitcoin that was in their wallets at the time of the fork doubled. Bitclub members have a bitcoin cash wallet in their back office. Bitclub mines Bitcoin and Bitcoin cash. You shouldnt be so down on what you arent up on dude.
Cool, thanks for clearing that up, as I said it's not even something I had considered.
Can people pull out all their Bitcoin Cash, or is it 50/50 tied up too?
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
MLM is not always a ponzi but it is definitely hard to succeed getting in late and having dozens of levels already above you.
I can think of two that aren't: Young Living & doTERRA essential oil companies, and I'm sure that there are others, but the vast majority are scams... especially those that do not have a product capable of standing on its own without the "commissions" system.
Most of the people I know who have signed up with either of those EO companies have no interest in the commissions-side, and don't sign anyone up. They just take their wholesale discount on the oils they'd be using anyway, and call it good.
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Thanks for the information and warning.
You're very welcome!
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
nice sharing on that .. ya need to be alert on that
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
Dude, your so wrong. sorry. this has been going strong since 2014 and still pays out every day. Its more about your limited view and personal issues/ skepticism that limits your ability to move forward. Bitcoin mining is very stable and very profitable. Duh. The Federal reserve is the real ponzi lol.
I have nothing limiting my ability to move forward, and have no vested interested for or against this thing. Your attempt to make this a personal thing doesn't work, I'm just warning people about pyramid schemes.
The people who get in early always make money on these things, thats why they keep happening. It's only the last half of people who join that always lose out, because they don't get commissions for bringing more people in.
Of course the IMF and all its central banks are ponzi schemes, your attempt at deflection also doesn't work.
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
Not all MLM are Ponzi schemes, but the percentage that is clearly runs north of 90% . This specific “opportunity” has SCAM written all over. The empty and ludicrously sleazy “explanation” of how all companies are a pyramid scheme by itself should keep anyone at bay but there are no limits to human stupidity. And this not so many years after Maddoff... Jeff B. clearly seems to have returned to his old ways...
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086