Bit Cycler Review – Good Opportunity Or Big Scam?

Bit Cycler ReviewRecently, this business has been getting a lot of attention.

In fact, there is lots of hype and buzz going around including people pitching it left, right and centre.

I’ve noticed a lot of people pitching it on social media.

Now, first off, let me make it clear I am NOT promoting this business opportunity as an affiliate or distributor.

I have all the facts about this business in my Bit Cycler Review so you can learn the full truth about it!

Is the business legit or a scam?

Does it deliver on it’s promises?

I explain in my Review of Bit Cycler before you.

Let’s get started.

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What The Heck Is Bit Cycler?

Bit Cycler is the name of the latest MLM opportunity that’s up for my full review, and here we have yet another company that has decided to offer as little information as possible on its official website.

The Bit Cycler site provides no indication at all in regards to who owns the company, or manages it, or where in the world it’s based out of. None of this is good to see at all, but it’s what we’re dealing with with Bit Cycler.

Seeing as the website is pretty much nothing but a dead end, I decided to take my research to the domain name registration. By doing this, ,i was able to discover not only that the registration took place on October 6th of this year (2016), but that someone by the name of Francisco Gomez appears to be the owner of the domain.

Gomez looks to be a part of the company 3fera, and from what I was able to tell, 3fera is some sort of web design and marketing agency that’s located in Spain.

In addition to this, I was also able to find an official Facebook group for Bit Cycler. The group shows that three different admins belong to it, with their names being Tonatiuh Cordero, Antonio Solis, and Armando Castillo.

Based off of my own personal judgement, either one, two, or all three of these people are running Bit Cycler, unfortunately, there’s no way to verify which of these men is doing so.

Bit Cycler Scam

What Are The Bit Cycler Products?

Moving over to the product line side of things, there’s not a lot to talk about here at all.

Why is this though?

Bit Cycler is an MLM opportunity with no real product line established at all, resulting in a company that is likely sourcing all of its income directly through its affiliates. No proper company operates in this fashion, as this act is usually reserved only for schemes and scams of the industry.

With Bit Cycler being run the way that it is, affiliates for the opportunity have nothing more than the affiliate membership itself to try and sell to possible buyers and interested customers.

Again, this is something that is not seen in a legit MLM setup.

What About The Compensation Plan For Bit Cycler?

Taking a glance at the compensation plan that Bit Cycler is offering to affiliates, members for the company are tasked with purchasing various positions into three different straight-line cycler queues.

The three cyclers being offered include the following –

  • 1st Cycler – Each position costs $20 and results in a payout of $26
  • 2nd Cycler – Each position costs $50 and results in a payout of $67.50
  • 3rd Cycler – Each position costs $100 and results in a payout of $140

Following the completion of a cycler, an affiliate is then removed from the queue and moved up to the next position.

Bit Cycler offers referral commissions on top of this, with these being handled through the use of a unilevel payment system.

These referral commissions are paid out to five levels deep of recruitment, with level 1 earning the most at 10% and level 5 earning the smallest amount at just 1%.

As an affiliate recruits more and more people to join Bit Cycler, they can then earn even more on the available levels. Recruiting 100, 1000, and 10,000 affiliates will allow you to earn quite a bit more on the available levels, but recruiting 10,000 or even 1,000 seems quite unrealistic for most people.

What’s The Cost Of Joining Bit Cycler?

If you’d like to join Bit Cycler and become an affiliate for the company, the actual membership itself is free.

With that being the case, you’ll need to purchase at least one position in the cycler queue if you’d like to start earning money within the company. This purchase can be as little as $20, or as great as $100.

Also worth noting here is the fact that all payments made within the Bit Cycler system are handled through the use of Bitcoin.

So, Is There A Bit Cycler Scam Going On?

So, like with all business opportunities, you will hear things around the internet about there being a Bit Cycler scam or something like that.

And from what you have read, you may also wonder if this is legit or a complete scam.

So, what’s the truth?
Is there a Bit Cycler scam going on or is this legit?

Well, to be honest, Bit Cycler is not really a proper scam or anything like that.

But there are some things to be aware of (see conclusion section).

That is how you will be successful.

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Finally, My Bit Cycler Review And Conclusion!

So, with all of that info laid out there, what kind of opportunity are we looking at with Bit Cycler?

This is an opportunity in which affiliates invest either $20, $50, or $100 on the promise that they’ll be able to earn a commission of $26, $67.50, or $140 respectively.

These commissions are funded entirely by fees paid by other affiliates within the company, resulting in Bit Cycler operating as a Ponzi scheme.

Nothing at all is being marketed or sold to retail customers, and as all Ponzi schemes usually go, Bit Cycler will only be able to stay in business as long as people continue to join the company and hand over their money.

Once these recruitment levels die down, so too will Bit Cycler. It’s admins will then run away with the lion’s share of the earnings, and most everyone else who gets involved will likely lose their money.

And, thanks to the exclusive use of Bitcoin for the purchases of the positions, recovering any lost funds will be pretty much impossible.

Hopefully, you have found my Bit Cycler Review useful.

I wanted to give a lot of details because there have been other reviews of Bit Cycler which were a bit thin on the detail side.

No matter what happens, if you really want to succeed with any business, you have to learn how to market properly.

And, my training below will help you do that and make money!

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