10xBitcoin Review – Good Opportunity Or Big Scam?

10xBitcoin ReviewHave you been hearing a lot about 10xBitcoin lately?

There is a lot of hype happening for 10xBitcoin, and people are pitching the opportunity all over the place – especially on social media.

The first thing I should tell you is that I am not associated with 10xBitcoin in any way.

I have gathered all the pertinent facts about this opportunity in my 10xBitcoin Review so that you can know the full truth before signing up.

Is 10xBitcoin a scam? Or is it really legit?

Will I be able to make real money with it?

I tell you all in my Review of 10xBitcoin.

Let’s get going!

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What Is 10xBitcoin Exactly?

On 10xBitcoin’s website, you won’t find any information in regards to who’s running the company, where it’s based out of, when it was originally founded, or anything along those lines.

I was able to learn that the domain name (10xbitcoin.com) was registered on January 27, 2017, but since the registration was private, there’s no way of knowing where it took place or who owns the domain.

However, after doing a bit more digging, I discovered that 10xBitcoin’s website say it is “a division of Deep Profit Streams.”

With this lead in hand, I then started researching Deep Profit Streams.

Thomas Riley is the CEO for Deep Profit Streams, and the company seems to have first launched at some point in 2016. Deep Profit Streams claims to be a “revenue sharing” business, and as anyone in the MLM field knows, “revenue sharing” is codeword for “Ponzi scheme.”

A post on Deep Profit Stream’s Facebook page was published on October 7, 2017, and it claims that 10xBitcoin was launched following the SEC’s attack and shutdown of Traffic Monsoon.

That post reads as follows:

“There are a lot of people, who doubted us. Those of you who came aboard with us last year at the beginning, are going to be well rewarded.

But I want to make it clear, so that no one gets the wrong impression…Our revenue sharing program, software, and ads network is still there, robust and able to handle millions of clicks & ad requests DAILY.

Last year as you know, we brought on and got our Founders Mbr leaders in place, and while we allowed our members to introduce others, we did not put our ads network out into public traffic exchanges etc, because the second Software System was being integrated.

Before that was done, the main & strongest company in the entire revenue sharing industry, Traffic Monsoon, was taken down and into a pivotal lawsuit by the SEC, which because we are based in the United States, caused us to pause, wait for, and look closely at the outcome of that legal battle as to how we could work with our legal team to structure our revenue sharing products & compensation program in a way that would not be a problem with the SEC.”

Once the SEC was able to get Traffic Monsoon to stop operating, Deep Profit Streams came to an abrupt stop of all business activities. The company’s focus was then shifted to creating 10xBitcoin as a rebranding of Traffic Monsoon.

I tried to look into Thomas Riley’s past MLM involvement before Deep Profit Streams, but I was unfortunately unable to find anything. The only thing I was really able to find is that he tends to post quite a bit of religious content on his personal Facebook page.

10xBitcoin Scam

What Will I Be Selling With 10xBitcoin?

As a lot of you might already be able to guess from a company like this, there isn’t any sort of product line to speak of.

No goods or services are being sold, there’s absolutely no retail sales activity taking place, and the only thing that affiliates have to offer is the affiliate membership itself.

What Should I Know About The Compensation Plan For 10xBitcoin?

If you do join 10xBitcoin as an affiliate, you’ll need to buy positions within a 2×15 matrix pyramid that offers commissions for completing various levels with more and more affiliate recruitment.

Affiliates pay a monthly fee to join 10xBitcoin, and you earn a percent of that fee as a commission once you recruit them. The amount that’s earned depends on which level of your downline they’re recruited into, and because of the nature of the matrix being used here, you have up to 15 levels of recruitment to work with.

There are also seven tiers to the matrix system, with each tier requiring its own monthly fee.

Those fees are as follows:

  • Bronze Matrix costs $5/month
  • Silver Matrix costs $20/month
  • Gold Matrix costs $50/month
  • Platinum Matrix costs $100/month
  • Diamond Matrix costs $250/month
  • Double Diamond Matrix costs $500/month
  • Titanium Matrix costs $1000/month

What’s The Membership Fee For 10xBitcoin?

If you’re interested in joining 10xBitcoin, you’ll need to pay a minimum of $5 per month for the Bronze Matrix tier in order to start earning.

With that said, if you’d like to participate in all of the tiers that are available, you’ll need to pos yup $1925 each and every month.

Also worth noting is that all payments within 10xBitcoin are paid using bitcoin.

Is 10xBitcoin Really A Scam?

If you’re like me, you’ve been researching 10xBitcoin and you may have heard that it is a total scam.

From what you have read above, you may not be able to tell if it is legit or not.

So, is it really a scam?

Is 10xBitcoin a scam, or can you trust the company?

I would say 10xBitcoin isn’t a complete scam, but there are definitely some things you should be cautious of – check out the conclusion to find out what those are.

Being prepared will help you be successful. Also, see below to get my tips for making money.

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My Conclusion For 10xBitcoin

Based on its ties to Traffic Monsoon and Deep Profit Streams, it shouldn’t come as any surprise that 10xBitcoin is just another pyramid scheme that’s using bitcoin in favor of a fiat currency (like what was happening with Traffic Monsoon).

Affiliates join 10xBitcoin by paying a monthly fee, and they’re then compensated to recruit other affiliates that do the same thing.

Like all other pyramid recruitment schemes that have come and gone before 10xBitcoin, this one will be on its way out the door once that recruitment activity inevitable dies down.

When this happens, Riley and anyone else he’s working with will gather up what they’ve earned, make off with it, and leave all affiliates to fend for themselves and lose out.

I sure hope you have found all the information in this 10xBitcoin Review helpful.

Some reviews may be biased or trying to sell you something else, so I wanted you to have all the details from someone not affiliate with 10xBitcoin.

If you decided to move forward with 10xBitcoin, you’ll still need help marketing yourself.

My FREE training will help you with that.

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