Name: Bitclub Network
Price: $99 membership fee + mining pool purchase
Overall Rating: 2/5 stars
We all know about the fuss that Bitcoin brought many, many moons ago and how a couple instant millionaires were created. Cool story, right?
Now, there are many people joining these Bitcoin network marketing groups and the Bitclub Network is just one of the many.
Okay, I’m not the biggest network marketing person and with my experience, they are all the same. It’s just some come with products and some don’t. This one doesn’t.
In the end, it is all about recruiting bodies so that you can get paid. Your ultimate goal is not to sell them your product, or in this case (Bitcoin), but rather to have them signup under you.
Been there, done that. The only problem I had, was the fact that I was getting people under me, whom I knew would never make it. I couldn’t live with myself.
Back to Bitcoin
Let us all take a moment to simply forget the fact that BitClub Network will take invested funds repay existing capitalists. No, really, let’s all just put aside the ploy that behind BitCoin mining there is one hundred% ROIs every 1000 days.
That is roughly the amount of invested variations in the worth of BitCoin, or BitClub Network and why it’s premise doesn’t work.
So what does that mean to you? Quite frankly, that means all 100 % ROIs could be paid by overlooking spent amounts on top of the value of BitCoin, is if the ROIs paid out are pegged to another thing completely.
Following so far?
Neither am I. Statistics can only go so far and I am not a mathematician. And there is a good chance, neither are you.
In laymen terms what this means is the more someone else pays in, does not equal the amount of what you will receive paid out.
That brings us to recent invested funds, which appear to actually be doing all of the payout for you, making it seem as though anyone can be a millionaire at the click of a button.
Does this mean a program like ClubCoin is a failure? After all, if everything they are saying is true, even this new ClubCoin would suffer the same faults as most if not all other BitCoin services.
So What Makes Them Different?
The simple answer is…nothing, really. When you look at the fact and numbers, BitClub is really nothing more or less than any and all other BitCoin mining and trading processes.
The thrive by claiming that if BitClub did infact run out of recently spent funds, the would simply continue whatever mining operations they had going, thus insuring members would certainly be likely to see rewarding ROIs vowed– even after 1000 days. But would they?
BitCoins in general has had a fluctuating value for just about as long as it has been in existence. There seems to be no solid and valid way to properly predict it’s varying decline, and, therefore, no way to promise payouts at all.
BitClub caused excitement among its peers by claiming a deeper understand upon it’s launch, however, so called “Proof-of-Stake” in fact, can not be proved what so ever and any company that would claim so should and will cause red flags by doing so.
What Product Does BitClub Have to Offer?
There is no actual product that comes with this multilevel marketing business. You will be recruiting other people, while mining your bitcoins.
It’s funny how everyone that has approached me about the Bitclub network has tried to make it seem like the Bitcoin keeps going up, when it’s really up and down.
To top it off, you have to wait 1,000 days to see anything. Some have told me that they made money, when in reality, they are still in the negative.
You have to get your initial investment back before you can start saying that you made any money. If 10 people put a thousand dollars into this, that would be $10,000.
Now if you let a company do whatever they wanted to do with that with the given 1,000 days, what good is that for you?
Membership is said to be free, but at what cost? ClubCoin relies on it’s numbers, almost begging you not to do your research before a full commitment.
Their methodology is nothing new and you absolutely can not keep paying money into a bank that will not disperse money in return if you wish to make a profit.
The concept of “the more coins you hold, the more coins you are provide” is simply not true. The more “coins” you spend the less money you have, pure and simple.
While, most of the so called “cryptocurrency” holds no worth aside from the promise of new investor funds, investing on actual stocks and bonds would be a much better and wiser way to spend your money…and you wont even have to wait the 1000 days to earn a thing either.
The Actual Cost
Just to get started, it is going to cost you $99 for your membership. Then you would have to purchase one of the mining pools, which is not going to be that cheap.
Membership – $99
Mine 1 – $500 with a daily ROI for 1000 days and requires a 50% MANDATORY reinvestment.
Mine 2 – $1000 with a daily ROI for 1000 days and requires a 40% MANDATORY reinvestment.
Mine 3 – $2000 with a daily ROI for 1000 days and requires a 30% MANDATORY reinvestment.
This reminds me of UFUN and the UToken. Same business model and same cryptocurrency multilevel marketing setup.
The Compensation Plan
Everyone and their mothers that are in the Bitclub network or any other Bitcoin network marketing business are more concerned about this than anything else.
How much would you get if Joe signs Jill and Jill signs 4 others. Then you can make money just for bringing in Joe.
If I didn’t create my own business, I would always look at the comp plan before anything else. So without a product and a not so stable comp plan, this is not something I see lasting that long.
At a Glance
Name: Bitclub Network
Price: $99 + mining pool purchase
Overall Rating: 35/50
There are thousands of multilevel marketing companies out there and this won’t be anywhere near the top of my list of recommended products.
Final Verdict: Not Recommended
This company is ran off the hype that Bitcoin brought many years ago. If you think that with more and more people getting involved with it that it’s going to make you rich, then you might want to rethink a couple of things.
That little spurt that Bitcoin had when it created some millionaires was great when it happened. After that, do you really think people weren’t trying to buy Bitcoins?
Truth is, it is way too late now. You missed the bus and all this is doing is making you think that Bitcoin is so awesome when it’s really all about the network marketing side of things.
In the end, it is really up to you. This is nothing more than my two cents. You’re a big boy (or girl) and I’m pretty sure you can make a wise decision.
Whether you join this or not, I wish you nothing but success. Thanks for reading my review and hopefully I have taught you a thing or two. Your thoughts?
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