Master Coin Plus is the latest digital currency based business causing a lot of fuss on the net, so I thought I’d give my two cents with an awesome review of yet another controversial program.
Is it something you should invest in or is it just another online scam trying to take your money?
There are many questions about this site that I had to do a Master Coin Plus review to answer anything and everything for those of you thinking about joining something that you probably know little to nothing about.
We all want to make money but we definitely don’t want to put it in the wrong places.
With the thousands of make money from home programs on the net, what makes this one any different and why should you trust it?
Follow along as I break things down so that you can make a better decision on your own without feeling like you made a bad decision.
Master Coin Plus Review
Summary
Name: Master Coin Plus
Website: www.mastercoinplus.com
Owner: Thomas Armour
Price: 0.0625 BTC (about $255)
Overall Rating: 1/5 Stars
Product Overview
Master Coin Plus is what you get when Bitcoin meets MLM and trading…but not really.
What they try to sell is a trading platform, some Bitcoin hype, and a ROI just by purchasing one of their packages.
This is nothing new to the online world as there are programs like USI-Tech that sell the same systems with the same promises.
There is no indication of who owns the site but rather a “master trading group and a team of marketing professionals guiding the company”.
I did dig a little deeper to find out that Thomas Armour is actually the CEO of this company and he was very much involved with other failed programs like YoCoin and Game Loot Network. before jumping into the digital currency world just like everyone else.
The company is also based out of “worldwide”, which is really not professional and goes back to the fact that there is not much honesty being put out there, just like what the business is really about.
So What is Master Coin Plus Really About?
What this program really is, is nothing more than a HYIP or high yield investment program from which money is generated from new members.
Call it a ponzi or recruiting scheme but this whole operation is fueled by the new funds that other members bring into the company and not through some trading platform or even
Just like revenue sharing but this time the owners of these sites capitalize on the hype of bitcoin and trading as they are two of the hottest topics as well as hard or almost impossible to track type activities.
So one, the trading part is just a front and two, Bitcoins are being used because of its popularity and it is also a way to pay and get paid without having to deal with any legal battles.
With revenue sharing that used advertising as its product, you would have to use Paypal and other payment processors, so I’m sure the owners of these Bitcoin/MLM programs are beyond happy that digital currency exists.
There is no secret formula as to how people are making money here and I will like to explain exactly how it’s done.
How it Works
So we already know that the whole business is ran through the funds of new members, right?
Well there’s a little multilevel marketing that comes with this program and that is why they remind you to put your referral during enrollment.
All that does is lines you up with the person who brought you in, ensuring they get paid.
Told you it’s really simple as that is really all that happens behind the scenes, besides the earnings from investing, which is done through some software that distributes funds equally as they come into the system.
Before You Join
It may sound like I am completely against this type of stuff but I’m really not.
I have had my run with HYIPs in my online career but I no longer take crazy risks anymore thanks to a program called the Wealthy Affiliate, which gives me a guarantee rather than rolling the dice.
So to answer your question about making money, the answer is yes, you can make money as long as more people come in after you join.
Now once that slows down or stops, the program will of course pay slower and eventually stop.
Make sense?
Keep in mind that there is a minimum amount of time before you get your seed money (initial investment) back so please do not use any money that you need for food, utilities, etc.
There is also no refunds, so once you decide to put in some Bitcoins, you are locked in and a portion of that will go to the person who brought you in.
This is a huge risk and there are no guarantees that this program will be paying even by tomorrow.
If you can understand that much then you have no one to blame but yourself if you end up losing money rather than getting a profit like expected.
The Price
To get started with Master Coin Plus, you will need at least 0.0525 BTC, which is about $250.
That would be the cheapest pack, which earns at the lowest percentage and is capped at 3 BTC a month.
The highest pack is going for 8 BTC and that is around $33,000.
Pretty crazy but people do put that type of money into HYIPs.
The Compensation Plan
By getting others to join, you are automatically thrown into the system to start earning money through the oh so lovely referral program.
Just like Amway but without actual products, you can build your “team” which of course has your typical pyramid style model.
Each package mentioned above has its price as well as its percentage of earnings but all come with a 120 day return of investment, which means you will get your seed money in that many days before you start seeing any profits.
Everything is ran off a binary compensation based structure which has you at the top with one of your recruits to your left and the other to your right, that will give you direct commissions from those two alone.
You will also make commissions from your referral’s recruits, which goes down forming your very own pyramid.
Most members will see a very small period or maybe not even form one as there are always the heavy hitters that recruit the most and make most of the money.
The Early Bird Gets the Worm
The people that will usually invest into the higher packages are usually the ones that are in the good old boy’s club.
Now if the hype continues and more people keep joining then you might get lucky and not be the one at the bottom paying everyone at the top.
Again, this is very risky as you don’t know what will happen at any point in time.
Everyone can be making money today and then no one will be making a single penny by tomorrow and that’s really how it works.
Pros & Cons
Just like any other program out there, Master Coin Plus has its good and bad points, which I will be going over next.
Pros:
- Can make you money
Cons:
- Very risky
- No guarantees
- No refunds
- Recruiting is the foundation of everything
- Pricey startup
- No actual product or service
- Will not last
Final Verdict: Not Recommended
So is Master Coin Plus a scam?
Not so much, as there is some type of product but this is definitely not a solid business that will be paying you for many years to come.
Your best bet would be to create your own online business rather than playing the recruiting game paying everyone above you.
Been there, done that.
Now if you are willing to take a risk, this might just be for you but this is definitely not for just anyone.
If you can understand that this will not last and that the money being generated to pay is from new members then you are good to go.
Personally, I can’t recommend this as it is not a legitimate business and everything will eventually come to an end without any explanation as to why no one is getting paid, leaving everyone to fend for themselves.
This will lead to the big shots jumping to the next program, pulling its minions with them and repeating the same process until that one stops paying too.
Conclusion
So do know that people are making money with Master Coin Plus but no one can tell what will happen in the next few days so please go about things carefully.
These types of sites usually last for a few months before going down but I was apart of another HYIP that actually went for almost two years before it pissed off its members by not paying.
Well that’s really all you need to know and I hope this review has helped you understand how things really work with Master Coin Plus.
Join at your own risk and if you think that they will still be paying 120 days from now, then you might just be in profit.
Other than that, you know exactly what you are getting yourself into so you have no one to blame but yourself if things don’t go as planned.
Thanks for reading and good luck!
P.S. Don’t forget to checkout my #1 recommended work from home program!
I agree, Mastercoinplus is scam. They collecting money and disappear. Don’t believe & trust them. They are liars & they just love your money. Hope the US government will punish and stop them.
I left a post and it dieapeared, i guess this site is a scam.
What site?