Bitcoin4u Review
Chances are you've been hearing the buzz so I decided to write a complete Bitcoin4u Review!
Old School List-Drivin Bitcoin Cash Gifting aka BTC.
There is absolutely no information on the Bitcoin4u website indicating who owns or runs this business.
Registered on August 1, 2016, the Bitcoin4u website domain, bitcoin4u.biz, domain registration is set to private.
At the time of this publication, Alexa estimates that 42% of all traffic to the Bitcoin4u website originates out of India. This strongly proposes to me that whoever is running the company is also likely based out of India too.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Bitcoin4u Product Line
This program has no retailable products or services and affiliates are only able to market BTC affiliate membership itself.
Bitcoin4u Compensation Plan
BTC company affiliates start by giving a 0.002 BTC gifting payment to a list of 10 current affiliates, 2 of which, not surprisingly, are administrator accounts. Interesting
This list is acquired on a simulated website, hosted on the BitCoin4u domain.
Once payment has been confirmed, each affiliate on the list will then move up a position. The newly-joined affiliate is put at the bottom of the list and the affiliate who was previously in position 3 is taken off the list and the administrator accounts remain at the top.
A 10×10 matrix is used to manage the gifting payments on the companies backend. This basically means that each affiliate is paid a minimum of 10 times per each affiliate they recruit into the scheme.
How many 0.002 BTC gifting payments will they eventually receive? That is determined by an affiliate’s own recruiting efforts and that of their downline.
Cost To Join Bitcoin4u
Each of the affiliate memberships is completed by ten 0.002 BTC gifting payments (0.02 BTC in total).
Bitcoin4u – Conclusion
The website states:
“This is not a MLM or Money chain program. First of all, This system is 100% legal and 1000% successful. It is not a Scam or Fraud way of making Money.”
Obviously, the owner(s) of Bitcoin 4u are lying through their teeth, and the above statement is totally false.
Why you ask? Because cash gifting is both illegal and ultimately unsuccessful for the most of the participants.
So, how does this work? A new Bitcoin affiliate pays the owners 0.004 BTC and then 0.002 BTC to 8 existing affiliates.
These payments then qualify them to begin receiving payments from subsequently-recruited affiliates.
Are you seeing the big picture here?
And, needless to say, once recruitment of new affiliates dies down, BTC will ultimately fail and leave the majority of affiliates losing their money.
The Bitcoin4u administrators are the only members to profit substantially, skimming 0.004 BTC off of every new affiliate recruited.
Scam!
Aaron and Shara What Do You Suggest?
That being said, if you have never marketed online or offline before, finding people could be very difficult for you.
We know when we first started trying to make money online, we failed miserably and we had no idea how to recruit.
That is why, we first started out by learning how to become a good marketers, but you don't have to be a good marketer at all!
We learned how to make money online WITHOUT being great marketers (Click Here To Stay Updated, And To Find Out More about HOW)!
If you don’t want to be in a business that requires you to host home parties or call all your friends and recruit your family to buy your stuff no worries.
We will keep you updated where you can build a business online where you don’t have to recruit anyone.
Click Here To Check This Out And See What We Mean
You will learn step by step on how to build a profitable business online WITHOUT having to market or recruit anyone else!
Follow Us on Social Media Below (We are a Real People :)):
Subscribe To Our YouTube Channel Here
Thanks,
What a good review this is. The writers have been around on the internet for some considerable amount of time and do their due diligence before writing peices such as this.
On a seperate note, it should also be said that, if you are looking at the bitcoin currency, don’t let this artilce put you off doing so.
Why? ~ Bitcoin is a slowly growing and accepted currency esoecially on the internet and does have lots of pros for it.I have started looking more closely at the currecny myself and am actually amazed at how easy it is to use, compared to the normal channels of earning.
David,
Thank you so much for the kind words! We really appreciate that!
Yes, we too believe in the long term validity of Bitcoin Currency :)!