Thank you for taking the time to read our MLS BitCoin Club review. Please Be sure to go through all of it. It's important to learn about an opportunity for you and it's just as important to have a better understanding of the cryptocurrency world.
Money is always a big deal since it makes the world go round, taking the best decision is critical for having success in life.
We're about to see what this MLM is all about, so sit back and grab a cup of coffee. We'll let you be the judge on this potential business opportunity.
MLS BitCoin Club Review
MLS BitCoin Club doesn't give any info about the owners or CEOs in their website.
According to our research, the “mlsbitcoinclub.com” domain was recently registered this year on May 4th.
MLS BitCoin Club owner, Mr. Darry Perkinson (part of WBI Enterprises LLC) appears as responsible for the web site, the address shown is in Georgia.
MLS BitCoin Club origins seem to be placed about half a year ago, as MLS International BitCoin Club.
Before that MLS BitCoin Club started, Mr. Perkinson worked as a promoter for Conversion Pros, a business that worked on lead generation.
MLS BitCoin Club “MLS” stands for Massive Leverage System, which casually is a business Perkinson launched some time ago.
The MLS website says that they work as a private community that promises to give $10,000 in income.
MLS BitCoin Club has a sales pitch that's based three points: Teaching affiliates how to make cash flow and build wealth using education as a tool; renting stock and buying & selling gold/cryptocurrency.
Perkinson has taken part in other MLM businesses such as Karatbars International and OneCoin, the first one a pyramid scheme, the other one is a Ponzi scheme.
MLS BitCoin Club – The Products
MLS BitCoin Club like so many others doesn't offer products or services on retail, members can only market MLS BitCoin Club memberships.
When a member signs up to MLS BitCoin Club, he/she can buy matrix cycler positions.
Along with a cycler position buy in MLS BitCoin Club, the affiliate has access to training documentation. MLS BitCoin Club says that they education package is the best in the business today.
MLS BitCoin Club claims that they can teach everything anyone ever wanted to learn about cryptocurrency. On their website, they say MLS BitCoin Club Members can: Learn how to buy or sell cryptocurrency; How to keep hackers away from your Bitcoin and the MLS BitCoin Club wallets; Why would someone need different kinds of wallets (hot, warm and cold); How to build your own portfolio that could include Bitcoin; How to include Bitcoin in your own IRA account and and many other things.
The MLS Bitcoin Club – The Compensation Plan
MLS BitCoin Club Affiliates can purchase positions in a nine-level Bitcoin matrix cycler. Payment of commissions when members recruit other people and they do the same.
MLS BitCoin Club uses a 2×2 matrix for their cycler. This is how it works: A member is put at the top of the matrix, with two places beneath him.
That way the first tier of the MLS BitCoin Club matrix is formed. The second tier of the MLS BitCoin Club is created when those two positions are divided into another two positions each (4 positions in total)
After the MLS BitCoin Club matrix is full, the cycle is completed and the position at the top of the matrix cyles into the next level.
A position in the MLS BitCoin Club cycler cost 0.04 BTC.
When all positions of a matrix are full, it all cycles to the next level and the process starts again.
Here's how the payments in the MLS Bitcoin Club’s cycler level work:
- Level 1 MLS BitCoin Club (each position cost 0.04 BTC) – gives a 0.02 BTC commission and creates a new level 1 matrix position and starts a new cycle into a level 2 matrix
- Level 2 MLS BitCoin Club (each position cost 0.04 BTC) – gives a 0.1 BTC commission and creates a new level 2 matrix position and starts a new cycle into a level 3 matrix
- Level 3 MLS BitCoin Club (each position cost 0.04 BTC) – gives a 0.1 BTC commission and creates a new level 3 matrix position and starts a new cycle into a level 4 matrix
- Level 4 MLS BitCoin Club (each position cost 0.04 BTC) – gives a 0.5 BTC commission and creates a new level 4 matrix position and starts a new cycle into a level 5 matrix
- Level 5 MLS BitCoin Club (each position cost 0.04 BTC) – gives a 1 BTC commission and creates a new level 5 matrix position and starts a new cycle into a level 6 matrix
- Level 6 MLS BitCoin Club (each position cost 0.04 BTC) – gives a 3 BTC commission and creates a new level 6 matrix position and starts a new cycle into a level 7 matrix
- Level 7 MLS BitCoin Club (each position cost 0.04 BTC) – gives a 3 BTC commission and creates a new level 7 matrix position and starts a new cycle into a level 8 matrix
- Level 8 MLS BitCoin Club (each position cost 0.04 BTC) – gives a 6 BTC commission and creates a new level 8 matrix position and starts a new cycle into a level 9 matrix
- Level 9 MLS BitCoin Club (each position cost 0.04 BTC) – gives a 36 BTC commission and creates a new level 9 matrix position
Affiliates can join the MLS BitCoin Club along with a level 1 matrix position for a 0.0455 cost.
The Final Word on MLS Bitcoin Club
MLS BitCoin Club is described as a membership site just like MLS International Bitcoin Club, MLS BitCoin Club promises members to triplicate their bitcoin by using “affiliate to affiliate” payouts
This structure is basically giving cash gifts, the sales pitch on it is tripling your bitcoin. That actually reveals that the company works a Ponzi cycler.
After a MLS BitCoin Club member invests 0.04 BTC for a cycler position, he/she is promised to have 49.72 BTC ROI in the future.
The ROI exists all right, but the source comes from the “affiliate to affiliate” gifts, this is how a Ponzi scheme does its thing.
As we've said in other reviews, Ponzi schemes last as long as recruitment is flowing, once it dies down, payments by gifts will too.
There's not a certain future for this enterprise. Eventually, it will collapse as any other Ponzi scheme.
The truth about this cycler variant is that a small portion of affiliates get paid while the majority are left out with nothing.
This particular system is terrible for newcomers, Mr. Perkinson uses this clearly to his advantage. Whenever something looks a little complicated to understand, that's not a good sign.
In the end, Mr. Perkinson (and a few early members) get to win in all of this (don't know if there are other collaborators) and everybody else loses.
MLS stands for Massive Leverage System, that's some leverage all right. I wouldn't want to stay near something that's designed by him, you shouldn't also.
Aaron and Shara What Do You Recommend?
That being said, if you have never marketed online or offline before, finding people could be very difficult for you.
We also think the startup cost of $100-$999 is pretty steep.
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.
If you don’t want to be in a business that costs $199-999 to start and requires you to host home parties or call all your friends and family to buy your stuff no worries.
We have the perfect business for you where you don’t have to recruit, you don’t have to own any product and oh did we mention it’s ONLY $1 to start!!!
The main reason for it is you will learn step by step on how to build a profitable business online and they even cover you for products so you don’t have to create anything yourself…
You will also get a one on one business coach to help you every step of the way.
Anyways, we hope you enjoyed the Review. Please comment below if you are part of this company as our readers would love to know how you are doing.
Also, if there are any products or companies out there you want us to review please let us know!
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