BitWaves Review – Good Opportunity Or Big Scam?

BitWaves ReviewHas someone tried to pitch you the BitWaves opportunity lately?

BitWaves is a really popular and new opportunity that is making it’s rounds on social media among network marketers.

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 BitWaves review so you can learn the full truth about it!

Is BitWaves a scam?

Can you make an honest business with BitWaves?

Let me show you in my review of BitWaves.

Read on for all the details.

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BitWaves – What Is It??

Taking a look at the official BitWaves website, you won’t find any concrete background information in the slightest.

BitWaves doesn’t mention who its owner is, who’s managing things on a day-to-day basis, when it was founded, etc.

The website does claim that BitWaves is a “UK registered company”, and following this info, you can see that BitWaves Financial Limited was incorporated in the United Kingdom on October 3, 2017.

Morgan Stevenson is the one and only Director that’s associated with the incorporation, and along with this, you’ll find an address that’s located in Bedfordshire, England.

However, aside from the mention of his name for the incorporation, I wasn’t able to find any outside mention of Morgan Stevenson anywhere.

This leads me to believe that the Morgan Stevenson that’s being described here doesn’t actually exist, and considering that UK incorporation are extremely cheap and easy to get, BitWaves probably doesn’t have any real physical presence in the country at all.

BitWaves Scam

The Product Line For BitWaves

In regards to its product line, there’s really nothing to talk about here.

BitWaves isn’t selling any goods or services, and this leaves affiliates with only the membership itself to offer to individuals.

A setup like this means you won’t find any retail sales activity within BitWaves, and as we’ve seen time and time again, this is a move that’s only ever found with companies that are operating as schemes or scams in the MLM underbelly.

What Should I Know About The Compensation Plan?

Moving right along to the compensation plan, affiliates for BitWaves are asked to invest in the company so they can then earn an ROI.

There are two main plans that affiliates can choose from when doing this, and they include:

  • Starter Plan — Affiliates invest $25 or more and then earn a daily ROI of 4% for 40 days
  • Perfect Plan — Affiliates invest $200 or more and then earn an hour ROI of 0.3% for 450 hours

Additionally, affiliates can earn even more cash through referral commissions.

BitWaves users a unilevel system to pay out money earned through referral activity, and this sees affiliates earning 6% on level one, 2% on level two, and 1% on level three.

How Do I Join BitWaves?

If you’d like to join BitWaves, you can initially do so for free and only earn on referral commissions.

In order to earn referral commissions and the offered ROI, you’ll need to make an investment of $25 or more.

Is BitWaves Really A Scam?

Have you been hearing that BitWaves is a scam?

Have you heard BitWaves is legit?

It can be hard to tell with so many different people telling you different things.

So, what’s the truth – is BitWaves a scam or is it a good business?

I would say it’s not really a scam. There are a few things you should be aware of before joining.

The best way to be successful is to be prepared going in, and have a plan to market yourself.

If you want help marketing and making money, see below.

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Conclusion for BitWaves

According to BitWaves’ website, the company can generate funds for the offered ROI through “cryptocurrency & forex trading.”

Furthermore, it’s sated that the “majority of the the [sic] profit earned is through trading in cryptocurrency market and forex trading markets.”

However, as you’d probably expect, there’s absolutely no evidence that any of this is taking place.

Affiliates join BitWaves by investing money, they’re told they can earn a daily or hourly ROI, and they can increase their earnings by getting other people to join and do the same thing. Affiliate investments are also the only source of money actively coming into BitWaves, and this means that these are used to pay ROIs and commissions owed to other members.

As a result of all this, BitWaves ends up functioning as a Ponzi scheme.

Like all other Ponzi schemes, BitWaves will be no more once investment activity eventually dies down. This will result in most people losing out with no way to recover lost funds, with BitWaves’ anonymous admin(s) making off with the lion’s share of the earnings.

It’s a story we’ve seen a hundred times before, but no matter how many times we see it, it never gets any prettier.

I hope you got all the details you needed to make an informed decision in this BitWaves Review.

Bears of anyone trying to sell you something in their review articles.

If you do want to proceed with BitWaves, make sure you know how to market properly.

My FREE training below will help you.

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