20K BTC Review – Good Opportunity Or Big Scam?

20K BTC ReviewHave you been hearing a lot about 20K BTC lately?

There is a lot of hype happening for 20K BTC, 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 20K BTC in any way.

I have gathered all the pertinent facts about this opportunity in my 20K BTC Review so that you can know the full truth before signing up.

Is 20K BTC 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 20K BTC.

Let’s get going!

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What Is 20K BTC Exactly?

Taking a look at 20K BTC’s official website, there really isn’t much to see.

There isn’t any mention or indication of who owns 20K BTC, and this does nothing but give the company a very poor first impression.

20K BTC’s domain name was registered on November 4, 2017, but the private nature of the registration prevents me from seeing who owns the domain or where the registration physically took place.

After doing a bit more digging, I stumbled across some marketing material indicating that Richard D Raymond is the owner for 20K BTC.

That might sound legitimate enough at first, but this is where things get, well, odd.

If you go to the Texas State Bar, you’ll see that Richard Raymond is actually a practicing attorney.

More specifically, Raymond’s occupation is described as follows:

“PRACTICE INFORMATION
Firm: Richard Raymond, Attorney at Law

Firm Size: Solo

Occupation: Private Law Practice

Practice Areas: Business, Consumer, Litigation: Personal Injury, Real Estate, Taxation, Wills-Trusts-Probate.”

Also, in 2009, it’s worth mentioning that Raymond was running a campaign to be the next District Attorney for Fort County.

In other words, it would appear that a legitimate and honest lawyer has decided to start their own MLM opportunity. Suuurree.

20K BTC Scam

What Will I Be Selling With 20K BTC?

In regards to the product line being offered, there’s not much worth mentioning.

There aren’t any goods or services being offered to retail customers, and as such, there’s no chance for retail sales activity to take place.

The only thing that affiliates have to offer is the affiliate membership itself, and with this, the main draw is the attached income opportunity.

In my experience doing these reviews, this is something that’s only seen with entities that exist within the MLM underbelly.

What Should I Know About The Compensation Plan For 20K BTC?

If you choose to join 20K BTC, you’ll need to pay an annual membership fee of $299. This fee needs to be paid in bitcoin, and once you do this, you’ll earn commissions for recruiting other people that do the same thing.

A binary system is used to handle commission payout, and having a spot closer to the top of the binary will see you earning more than those placed on lower levels.

Positions are filled through both direct and indirect recruitment, and according to 20K BTC, “an Affiliate will earn about $100 in bitcoin” for their recruiting activities.

Along with this, all affiliates have an earning cap that’s set at thirty recruitments per day.

What’s The Membership Fee For 20K BTC?

If you’re like to join 20K BTC, you’ll need to pay the yearly membership of $299. Also, as mentioned above, this needs to be paid in bitcoin.

Is 20K BTC Really A Scam?

If you’re like me, you’ve been researching 20K BTC 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 20K BTC a scam, or can you trust the company?

I would say 20K BTC 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 20K BTC

On the 20K BTC website, one of the first things you’ll see is a description for the compensation plan. Per 20K BTC, it’s comp plan “does not sell any investment, security, franchise, distributorship or business opportunity. Furthermore, 20kBTC does not give advice regarding any investment, security, tax or legal matter.”

Despite this, another message on the site reads as follows:

“No compensation is paid for enrolling new Affiliates. THERE IS NO GUARANTEE OF INCOME WHATSOEVER!

An Affiliate’s income is derived from personal membership sales and from the membership sales made by their left and right teams of Affiliates.”

At the end of the day, 20K BTC is nothing more than a pyramid recruitment scheme. Affiliates join by paying a fee in bitcoin, and after doing this, earn commissions for getting other people to do the same thing.

There’s no presence of retail sales activity, and once recruitment slows down to a stop, 20K BTC will be no more.

Although Raymond (or whoever’s running 20K BTC) will make a pretty penny, most everyone else that joins is guaranteed to lose out.

This is the story of most pyramid schemes, and 20K BTC doesn’t appear to be any different.

I sure hope you have found all the information in this 20K BTC 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 20K BTC.

If you decided to move forward with 20K BTC, you’ll still need help marketing yourself.

My FREE training will help you with that.

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