FastBTC Review – Good Opportunity Or Big Scam?

fastbtc-review-post-imageRecently, 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 FastBTC 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 FastBTC before you.

Let’s get started.

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What The Heck Is FastBTC?

FastBTC is a cash-gifting scheme that uses bitcoin as its base currency. With the website (fastbtc.info) having been registered on the 28th November 2016, the owner is named as being Faisal Kamal who is based in Dubai. Working as an IT systems analyst at Dubai Petroleum, Kamal has a track record of being involved in questionable cash-gifting schemes with links to ZarFund, 2×2 Funds, Coin Leaders, 3×2 Core, Verdant BTC and Binary Global.

FastBTC Scam

What Are The FastBTC Products?

FastBTC do not offer any services or products for affiliates to sell to retail customers. The opportunity available for affiliates involves the recruitment of new affiliate members to the company.

What About The Compensation Plan For FastBTC?

Affiliates of FastBTC make gift payments to other affiliates with BitCoin. The company uses a 2×3 matrix to organize how these payments are made. A 2×3 matrix is created by placing you, as the initial affiliate, in a position at the top of the structure. Directly beneath you will be two more positions, which form the first level of the matrix. These first level positions are split again, with two positions directly beneath each of them to form the second level. This process happens again, with two positions beneath each of the level 2 positions to form the third level. In total a 2×3 matrix will hold fourteen positions.

Each level within the matrix functions independently, with an affiliate needing to make a gift payment to ‘unlock’ each level and be eligible to receive payments from affiliates that hold positions on the respective level. The payments required are as follows:

  • Level 1 – An affiliate is required to make a gift payment of 0.04 BitCoin to the affiliate who recruited them in the first place, and in return they are qualified to receive a gift payment of 0.04 BitCoin from each of the two affiliates who are in positions on the first level.
  • Level 2 – An affiliate is required to make a gift payment of 0.07 BitCoin to another affiliate, and in return they are qualified to receive a gift payment of 0.07 BitCoin from each of the four affiliates who are in positions on the second level.
  • Level 3 – An affiliate is required to make a gift payment of 0.2 BitCoin to another affiliate, and in return they are qualified to receive a gift payment of 0.2 BitCoin from each of the 8 affiliates who are in positions on the third level.

All of these payments are made as 30 day subscriptions, so monthly repeat transfers are required to remain qualified to receive payments.

What’s The Cost Of Joining FastBTC?

To become an affiliate member of FastBTC you need to have made the first gift payment under the scheme of 0.04 BitCoin. To take part in the full opportunity being offered by FastBTC will require a monthly payment of 0.31 BitCoin (approx. $241 as of December 2016) in total.

So, Is There A FastBTC Scam Going On?

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

Well, to be honest, FastBTC 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 FastBTC Review And Conclusion!

As said before, Faisal Kamal has had a lot of experience with cash gifting companies as an affiliate. The ones he has been involved with are well known for having failed which resulted in losses for most that were involved, so it seems as if Kamal has decided to set up his own one to recoup some of his losses elsewhere.

With FastBTC he is offering a very simple three-tiered gifting scheme where, once signed up, you make a payment to the person who recruited you, then proceed to con other people out of there money who have signed up after you. Moving through the levels simply involved upping the stakes by gifting higher amounts, and subsequently conning more people out of higher amounts.

The whole plan will collapse when FastBTC suffers the same fate as all other companies that try to do this. The problem stems from the fact that if you are to fill up your matrix to receive all the payments, you will require fourteen people to hold those positions. Each of these fourteen people will then, themselves, require fourteen people in their matrix to earn back the money that they are hoping for, and so on. This means that simply to pay back those fourteen in your matrix would require a further 196 members, each of whom would also need 14 affiliates to receive payments from.

The number of people that FastBTC need to keep this scheme operating quickly becomes unrealistic, and the inability to keep up with recruitment needs is what will deal the fatal blow to the company. When recruitment slows down, affiliates will find that they do not receive the expected returns, and so will soon stop making their own monthly payments, which will send the problem up the chain. Eventually everyone will stop sending their gift payments and the whole scheme will collapse. At this point, if you haven’t made your money back then you never will- a positions that the vast majority of members will find themselves in. Kamal, on the other hand, will have pre-loaded the company with powerful positions for himself and will receive a majority of the payments that go through, meaning that he will do very well out of it at the cost of everyone else.

Investment with FastBTC is a risky endeavor and very unlikely to see you making a return. It is set up in a way to benefit the owner at the cost of everyone else, and is offering un realistic returns because of the huge number of people that would be needed to sign up to allow the payments to continue. There are plenty of other investment propositions out there that use more realistic compensation plans and offer other means for the company to generate funds to pay out promised ROI’s to affiliates, and these structures are far more likely to see you benefit. FastBTC is not offering this, however, and should be avoided.

Hopefully, you have found my FastBTC Review useful.

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