Bit Cash Mine Review – Legit Or Scam?

Bit Cash Mine ReviewHas someone approached you lately about joining Bit Cash Mine?

This doesn’t surprise me – it’s been getting a lot of hype in the last couple of week, with people pitching it all the time.

First, let me make one thing clear – I am NOT in any way affiliated with Bit Cash Mine.

I simply wanted to gather all the details here for you in my Bit Cash Mine Review so you can make an informed decision.

Is Bit Cash Mine truly a scam?

Does it really work like the marketing materials say it will?

Read on to find out in my Review of Bit Cash Mine.

Let’s get going!

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What The Heck Is Bit Cash Mine?

Bit Cash Mine is yet another MLM opportunity that operates within the niche of cryptocurrency, and according to its official website, is being operated out of Guadalajara, Mexico.

However, while some people may take that claim at face value, I’d be apprehensive to do so. The address that Bit Cash Mine is showing is incomplete, so it’s unclear if this is really where Bit Cash Mine is physically based out of.

Jhon Romero is listed as the CEO for Bit Cash Mine, and their full name is said to be Jhon Jhaider Romero Montoya.

Romero refers to himself as the “neuro emotional coach” on his own personal website, and looking at Romero’s Facebook page, he currently resides in Pereira, Columbia. As such, it’s like that this is where Bit Cash Mine is being run out of instead of Mexico like it wants you to believe.

Bit Cash Mine looks to be Romero’s first venture into the world of MLM, and with that said, this is what his first attempt looks like.

What Can You Tell Me About The Bit Cash Mine Products?

Product lines are essential to any legitimate MLM opportunity, but this is something Romero doesn’t seem to be aware of. You won’t find any goods or services being sold with Bit Cash Mine, and because of this, there’s a complete and total lack of any and all retail sales activity.

The only thing affiliates for the company have to offer is the affiliate membership itself, and the main attraction to this is the income opportunity that it’s bundled with.

I often see companies in the MLM space along these lines, and in my experience, they often end up being schemes/scams within the MLM underbelly.

What Can You Tell Me About The Bit Cash Mine Compensation Plan?

Moving right along to the compensation plan side of things, Bit Cash Mine affiliates are asked to invest their cash into investment plans so they can have an opportunity to earn an ROI.

A 200% ROI is promoted to affiliates as something they can earn within 40 days, and the available investment tiers you can choose from are as follows:

  • Plan 100 — Affiliates invest $100 to earn an ROI of $200
  • Plan 200 — Affiliates invest $200 to earn an ROI of $400
  • Plan 500 — Affiliates invest $500 to earn an ROI of $1000
  • Plan 1000 — Affiliates invest $1000 to earn an ROI of $2000
  • Plan 2000 — Affiliates invest $2000 to earn an ROI of $4000
  • Plan 4000 — Affiliates invest $4000 to earn an ROI of $8000
  • Plan 8000 — Affiliates invest $8000 to earn an ROI of $16,000
  • Plan 16,000 — Affiliates invest $16,000 to earn an ROI of $32,000

All affiliates are subject to a “registration fee” of $20, and this is charged on top of the money that you invest. Furthermore, after your 40 days are up, you’re required to pay another fee of 7% if you want to reinvest your money.

Along with this, referral and residual commissions are also offered.

The former are paid as a 10% commission for personally recruited members, and the latter is handled thanks to a binary setup. With the binary, points are added each time affiliates invest. As more points are added, people earn more and more.

Are There Membership Fees For Bit Cash Mine?

You’ll need to invest in one of the eight investment plans Bit Cash Mine offers if you’d like to join the company, and as the story goes with a lot of companies along these lines, investing more and more cash will increase your earning potential throughout the compensation plan.

Is Bit Cash Mine A Scam?

If you’ve come across a review that says Bit Cash Mine is a scam while researching, I wouldn’t be surprised.

A lot of marketers will tell you something is a scam just so they can sell you something else.

So, can you trust those other reviews?

What is the truth about Bit Cash Mine? Is it really a scam, or is it legit?

I would say no, not exactly. However, there are a few things in the business you should be aware of – read on to the conclusion to find out what they are.

Knowing what you’re getting into is the best way to be successful.

See below for my FREE training that will help you make money!

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What’s your Conclusion About Bit Cash Mine?

Bit Cash Mine reports that it has “more than 20 years of experience in financial services & business” and that it can generate funds for its ROI thanks to its “trading team.”

More specifically, Bit Cash Mine says that:

“This plan has been designed for those who only look for the return on their invested capital since their time has already been compromised. Do not worry we will invest the time for you. Our BCM trading team will make your money multiply every day.”

While a story like this may sound exciting to some, it’s important to note that there isn’t any value attached to them. Bit Cash Mine’s words are worthless, and none of what’s mentioned above can be proven.

Instead, the only source of verifiable income for the company is that of affiliate investments. New affiliates join, invest their cash, and this gets used to pay ROI liabilities to other members. As such, we end up dealing with a Ponzi scheme.

Most people that join Bit Cash Mine will end up losing out, and recovering these lost funds will be next to impossible. This is the story for most all Ponzi schemes, and I don’t see anything suggesting that Bit Cash Mine will be any different.

I hope that you are able to use my research in my Bit Cash Mine Review to make a decision.

If you do decide to become an affiliate with Bit Cash Mine, make sure you take the time to learn how to market yourself.

My FREE training can help you.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

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