There are many mixed reviews of Raging Bitcoin so I decided to add my two cents to the mix.
I am not affiliated with this company, so you can expect an honest, unbiased review from someone who isn’t trying to recruit you like everyone and their mothers are trying to do on Facebook.
If you’re not familiar with the digital currency Bitcoin, let’s just say that it made several millionaires with those who got in before the coin took off and that is pretty much what entices people to join.
These days it is not impossible to make a lot of money off of Bitcoin, but almost every company you see using Bitcoin as its “product”, is nothing but a Multilevel marketing type of business rather than an actual Bitcoin investment.
With my share of Bitcoin based MLMs, I think I can give you the best understanding of what the latest and greatest company known as Raging Bitcoin is all about.
Is it nothing but a scam?
Let’s dig further so we can see what is really behind Raging Bitcoin.
There are no tangible products that come with Raging Bitcoin but rather an affiliate program from which you can recruit others in order to make money.
There is no indication of who owns the site, but the domain was purchased in May of this year.
Most of the owners of these types of sites usually come from another program that got shutdown, so keep that in mind before joining something as young as Raging Bitcoin.
How Money is Made With Raging Bitcoin
Without a product or an owner in site, you have its members promoting this as a way to make money, which comes in the form of recruiting and building out different levels known as downlines.
A lot of the marketing is promoted through the hype of the millionaires from the early stages of the digital currency and that’s about it.
Although this digital currency continues to rise, Raging Bitcoin doesn’t follow it so much as a stock, but rather putting your money in the pockets of those that introduced this program to you.
So rather than investing in the actual digital currency, you are giving that money directly to the people above you, which is what we call cash gifting in the online world.
Now for you to make any money, you will need to do exactly what the person did to get you to join.
Pretty simple right?
Not your typical lotions and potions type of business, but there are at least one of these types of Bitcoin driven MLMs being created every single day.
The Compensation Plan
Along with hype, you will promote the business in the form of a compensation plan, from which you can earn money in different levels of the program.
Hence the word, multi-level marketing.
Raging Bitcoin has tried to change up the whole model, but in the end it’s really nothing more than another marketing strategy.
Unlike your typical MLM that has you pay the person who brought you in, your initial investment will be split amongst 6 people.
With that investment, the commissions are split as follows.
- Person who brought you in – 25%
- Person above #1 – 20%
- Person above #2 – 15%
- Person above #3 – 15%
- Person above #4 – 15%
- Person above #5 – 15%
When you bring in that next person, you will get the 25%, your up-line will get 20%, and so on.
Everyone else under you will do the same and that is exactly how this whole system works.
So instead of calling it cash gifting, they refer to it as a donation so that it seems like you’re doing nothing wrong.
To get started with Raging Bitcoin, you need to put in 0.01 Bitcoin, which amounts to around $20 USD, with the price of course always fluctuating with the rise and fall of the value of Bitcoin.
At the current rate, you will have to spend $28USD just to get started, and that’s about it.
Price to Join Raging Bitcoin: 0.01 BTC ($20)
Really affordable, which is why you will have people jump on this like crazy and then end up quitting after realizing what they are really in.
So is Raging Bitcoin a Scam?
Once again, you have nothing to offer your potential downlines like you would with Amway or any other MLM, that at least offers you some type of fancy facial cream.
Without a product and an owner who is not upfront with things, what do you think?
Of course its members will not only call this legit, but they will try to show you that they’re making money with this when they are only pulling the fake it til’ you make it method.
Whether it’s a scam or not, I wouldn’t recommend this to anyone no matter what.
What could you possibly say to someone you’re trying to recruit?
“Hey, check this new program out but I don’t have anything to sell you”?
That doesn’t make sense and is beyond a ridiculous idea to get involved here.
At a Glance
Name: Raging Bitcoin
Price: 0.01 BTC (about $20USD)
Overall Rating: 1/5 stars
Without a product, this program is already not legit in my opinion. Do know that you are getting involved with something that will not last, so think about it before gifting your money to the people above you.
I can promise you that there aren’t many legitimate ways to make money online and there are hundreds if not thousands of Bitcoin driven programs that are ran exactly like Raging Bitcoin.
With sites like Gladiacoin not paying its members, you can expect this to go down the same path the second recruiting slows down and everyone that got in early scatters like crazy.
Everyone will argue with me about this simply because they are members of this site, but once everything stops, they will have nothing to say and that’s just how it is.
It’s a never ending cycle that you need to stay away from or get out of, if you are currently involved with anything like this.
If you want to make money online, I recommend you start your own online business rather than pay an owner who only cares about getting others to join so that they can make money and do nothing once things disappear.
And even if they wanted it to stay alive, it’s really only a matter of time before things go down the drain.
Thanks for reading my Raging Bitcoins review and I hope that I have given you more than enough information on this program so that you can make a better decision.
You’re a smart person and I’m sure you’ll make a wise decision.
Thanks for reading!