Coinomia Review

In this Coinomia review I want to show you exactly why I think this is going to be a big waste of your time and exactly how this network marketing business uses Bitcoin as its so called product of choice.

Let me just say that I love the whole concept behind Bitcoin and yes, I do use it for some of my online transactions.

So before you start saying that I don’t know about the digital currency, let’s not waste our time talking about blockchain and how Bitcoin made some millionaires almost a decade ago.

I don’t want to hear about how digital currency is the future or how the system is un-hackable because that has nothing to do with what you are about to get involved with.

I just thought I’d let it be known before one of its members tries to come in and explain the obvious, trying to act smarter than the rest of the online world.

So if you’re looking for a solid Coinomia review without someone trying to get you to join under them so that they get paid, you have come to the right place.

Name: Coinomia

Website: www.coinomia.com

Price: $100 – $10,000

Overall Rating: 1/5 stars

What is Coinomia?

A high yield investment program (HYIP) that allows you to mine different cryptocurrencies and not just Bitcoin.

Who This is For

This is for anyone looking to use a cloud mining service.

An overpriced one at that.

Bitcoin is cool and all, but even at that, I am finding that the value has gone down and continues to drop unlike it’s up and down stats that I expected.

How Coinomia Works

Everyone knows about the hype Bitcoin brought a long time ago.

If not, I’m sure someone has or will introduce you to it.

Since then, there have been many other people trying to create their own digital currency as well as MLM to bank off the hype.

They use all types of marketing and the most popular one bing the opportunity to cash in on something that some folks made millions of dollars from.

That was then.

This is now.

So what you can do here is mine your Bitcoin as well as other digital currencies hoping that you come out on top.

Can I ask you something?

What does it take to obtain Bitcoin or to join any of these sites?

Money.

Cold hard cash.

Then it becomes digital currency and you can start doing things like mining and all that good stuff, but they all require you to put actual money in.

Yes, it is safer and not easy to hack, but what does that have to do with the price of eggs?

A Dash of MLM

So after all that hype and everyone being late to making money here, they have now tried to add network marketing to the mix.

I have tried to bank on the launch of other digital currencies and of course they were nothing but a big flop.

I dumped a couple thousand dollars into one called UFUN and boy was that the last time I gave into any of them.

My fault, but I think that was the only thing you could’ve made money with, but that’s a very special case.

Recruiting to Make Money

So gone is the trying of creating new digital currency and all we have now are the many sites like Coinomia that are trying to find those that are not so familiar with making money online and Bitcoin.

From revenue sharing to HYIP type programs they are all designed the same way.

Get new funds to pay off other members.

And yes, it is really that simple even if they try to complicate things by adding mining into the mix.

The Price to Join Coinomia

Just like every other digital currency MLM, their pricing is not going to be cheap. A lot of the reason being that your up-line needs to make some money or it won’t be worth it.

There are 3 different “contracts” and each come with a different price tag as well as earning potential.

Pool Contract – $100
Machine Contract – $1000
Rack Contract – $10,000

I know, they make it seem like we all have $10,000 laying around.

Making Money With Coinomia

I used to think that recruiting people was the only way to financial freedom until I found out that there was a way that you can actually create your own online business.

Yup, that’s possible too. Click Here to Learn More!

Now being that the price is not your typical $80/month type MLM, you can expect to make a nice chunk of change when someone joins under you and that’s it.

Off to mining you go.

So get someone to pay $100 and you can expect 8% of that.

$8 is not going to cut it.

Get them to pay $1,000 and you can get 10% of that.

Now we’re talking.

That’s $100 to you.

If they for some crazy reason decide to pay $10k, you can earn 12% of that making you $1200 richer.

Before you start thinking that you’re going to be some type of Coinomia thousandaire, I thought I’d let you know something.

YOU NEED TO PURCHASE EACH LEVEL BEFORE YOU CAN MAKE ANY MONEY.

And if you are part of the statistics that over 98% of all MLMers won’t make any money, let’s just say that you’ll be over $8,000 in a hole.

The Real Winner is Not You

The owners of these schemes will always win and if you’re not as powerful as Amway that has actual products, it is going to be very hard to hang around for more than 3 years.

According to my Coinbase account, the value of the Bitcoin has been dropping by the day and that is only because of the fact that it is losing its popularity and hype.

Great story a couple of years ago, but after all has settled, people are starting to see that their investment went straight into someone else’s wallet.

Pros & Cons

Pros:

Can make you money

Cons:

No guarantees
Overpriced
No actual product
Is a HYIP

Final Opinion of Coinomia – To Mine or Not to Mine?

I see this hanging around for a little while, but like always, you won’t have everyone making money here.

Forget about what others have to say about you working to “build” your own business, that’s not how business should be done.

Recruiting other people to do exactly like you just did is not a business.

Period.

Selling other people’s products that they actually need is what you call a business.

I would tell you to join Melaleuca before I recommend you join any non tangible type of network marketing hype.

Jus saying.

What I Really Think

Save your money.

Or invest it into a real online business.

I have been apart of other sites like this and according to my up-line, I lost $5,000 in one and supposedly my money is sitting in the other collecting dust.

In other words, I was scammed.

Never again will I give into the hype or listen to anyone trying to promote this stuff as we all know that they are in this to try to make money from us rather than with us.

Yeah you can make something out of the whole mining gig, but just like every other HYIP, there are no guarantees and it is not as easy as they make it seem.

Coinomia Review – The Conclusion

If you are looking to make money online it is going to require work and this whole mining of Bitcoin is nothing but a disguise for this scheme.

Even if you did get people under you and they aren’t doing anything, you still lose.

But whatever.

Thanks for reading my Coinomia review and I hope I have shed a little light on what you thought was going to be your ticket to financial freedom.

Of course its members will disagree because they are looking to at least break even, but that’s just how it is.

Let me hear your thoughts on this and I don’t want to hear anything about block chain or any of that nonsense.

Are you a Coinomia millionaire?

I’m guessing…NOT!

~ John

Coinomia Review – Bitcoin Hyped Mining Scam?