BitM8 Review – Good Opportunity Or Big Scam?

BitM8 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 BitM8 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 BitM8 before you.

Let’s get started.

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What The Heck Is BitM8?

On its official website, BitM8 claims that it’s a “Netherlands-based company involved in cryptocurrency trading and mining.” The website itself is being hosted in the Netherlands, but aside from that, there’s no other background info to find.

Despite looking as much as possible, I was unable to find any mention of who owns the company, who’s managing things on the day-to-day, when it was launched, etc.

The domain name for the site is “bitm8.io”, and it was registered this year on March 8, 2018. However, because the registration was done privately, there’s no way of knowing where it took place or who owns said domain.

BitM8 Scam

What Are The BitM8 Products?

On the product line side of things, BitM8 is just as disappointing.

You won’t find any goods or services being sold to retail customers, and as a result of this, it’s impossible for there to be any retail sales activity.

The one and only thing affiliates can offer is the affiliate membership, and the main draw to this is the income opportunity that comes bundled with it.

Here’s the thing. Income opportunities are more than fine to see in the MLM space, but when they’re offered without any sort of product line to go along with them, that’s often when problems begin to arise.

What About The Compensation Plan For BitM8?

Moving right along to the compensation plan that’s being offered, affiliates can invest up to 20,000 BTC so they can take advantage of a 190% ROI over the course of 30 days.

Along with this, BitM8 affiliates can earn on referral commissions.

Referral commissions within the company are paid using a unilevel system, and with this, you can earn 20% on Level 1 and 10% on both Levels 2 and 3.

What’s The Cost Of Joining BitM8?

If any of this sounds good for whatever reason and you want to join BitM8 for yourself, doing so is pretty simple.

You can initially join for free, but doing this will limit you to earning on just referral commissions.

In order to earn on these and the ROI that’s mentioned above, you’ll need to invest between 0.5 and 20,000 BTC into the company.

As you invest more and more, you’ll earn more from the ROI at hand.

So, Is There A BitM8 Scam Going On?

So, like with all business opportunities, you will hear things around the internet about there being a BitM8 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 BitM8 scam going on or is this legit?

Well, to be honest, BitM8 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.

See below for help with making money.

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Finally, My BitM8 Review And Conclusion!

At the end of the day, there’s nothing being offered by BitM8 that should entice you to join.

The ability to get a consistent ROI of 190% in just 30 days may sound amazing, but the fact of the matter is that it’s being offered in an illegitimate manner.

All invested funds that make their way into BitM8 are used to pay off ROI liabilities owed to other members, and with this, BitM8 ends up being nothing more than a Ponzi scheme.

Like we usually see with all Ponzi schemes, this is not good news.

Most people that join BitM8 will end up losing out, and the company will collapse once investment activity eventually dries up. The anonymous admin(s) running BitM8 will make off with the lion’s share of what’s invested, and that’ll be all she wrote.

I can never recommend anyone get mixed up with a Ponzi scheme, and as such, your best bit is to avoid BitM8 at all costs.

Hopefully, you have found my BitM8 Review useful.

I wanted to give a lot of details because there have been other reviews of BitM8 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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