I Like Bits Review – Legit Or Scam?

I Like Bits ReviewHas someone approached you lately about joining I Like Bits?

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 I Like Bits.

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

Is I Like Bits truly a scam?

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

Read on to find out in my Review of I Like Bits.

Let’s get going!

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What The Heck Is I Like Bits?

Upon first glance at the I Like Bits website, it’s rather obvious as to what sort of company we’re dealing with here.

Nowhere will you find any information in regards to who owns or runs the company, and this is followed for a lack of info on where I Like Bits is based out of or when it was founded.

The domain name for the company’s official site (ilikebits.com) was initially registered on July 28 of this year, but since this registration was conducted privately, it’s impossible for me to see where it physically took place or who the owner of the domain is.

I did manage to track down a marketing video on I Like Bits’ website, and it’s readily apparent that this video is currently being hosted on a YouTube account with the name of “opitimusX.”

OpitimusX is a name frequently used by Sherm Mason, and for those that aren’t familiar with this man, he’s someone who’s had a pretty heavy involvement in the MLM underbelly over the past few years.

Mason was first spotted as the admin for Magnetic Builder in 2011, and this opportunity offered affiliates the chance to earn money after shelling over $29.95 for what was essentially a recruitment scheme.

A few years later in 2015, Mason launched Paradise Payments (cash gifting scheme), Magnetic Gratitude (Ponzi scheme), Summer Fun Matrix (Ponzi scheme), 3×9 Millionaire Machine (Ponzi scheme), and Instant Pay Christmas (cash gifting scheme).

The next year in 2016, Mason was behind Elite Pay Alliance (cash gifting scheme), 5 Dolla Money Lines (recruitment scheme), Adstraordinary (cash gifting scheme), and Cash Rally GPS (Ponzi scheme).

So far in 2017, Sherm Mason has already launched Easy Odds, 1 Big Bitcoin Team, Just Got Bitcoin, BitQwik, and Stack My Bits.

I Like Bits Scam

What Can You Tell Me About The I Like Bits Products?

To absolutely no surprise, you won’t find a single thing being marketed or sold within I Like Bits.

Affiliates don’t have any goods or services to offer to retail customers, leaving them with only the affiliate membership itself to market to folks that might be interested in joining as well.

A setup like this creates for a total lack of any retail sales activity, and as we’ve seen with Mason’s past ventures along these lines, this never creates for a good outcome.

What Can You Tell Me About The I Like Bits Compensation Plan?

Should you choose to join I Like Bits, the first thing you’ll need to do is pay a fee of 0.009 BTC and then recruit other people to join and do the same thing.

Recruitment commissions are the name of the game here, and these are paid out to affiliates through the use of a 3×10 matrix system.

Commissions get paid out to members whenever positions in the matrix are filled, and this includes both direct and indirect recruitment activity.

According to I Like Bits, affiliates earn “approx $1” worth of bitcoin when recruiting people into the company.

Furthermore, I Like Bits also offers a matching bonus of 100% when recruiting individuals into the third, sixth, and ninth levels of the matrix system.

Are There Membership Fees For I Like Bits?

If you’re interested in joining I Like Bits, you’ll need to be willing to pay the membership fee of 0.009 BTC.

Is I Like Bits A Scam?

If you’ve come across a review that says I Like Bits 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 I Like Bits? 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 I Like Bits?

Without needing to say anything more, it’s rather obvious that I Like Bits is an extremely simple pyramid scheme — no more, no less.

Despite this, Mason tries to justify what he’s doing with the company by claiming that it’s some sort of alternative to traditional bitcoin mining:

“The price point is laughable in respect to what it costs to participate in traditional Bitcoin mining and, what it can quickly bring the Passive Member and Recruiter alike (WIN-WIN).”

As you might expect, there’s no proof to back up that any sort of activity along these lines is actually taking place.

I Like Bits is a pyramid scheme through and through, and because of this, the company will quickly dry up and die once recruitment activity eventually dies down.

Sherm Mason will likely be the only one that comes out on top with this whole setup, meaning that most (if not all) affiliates who join will end up losing out.

I hope that you are able to use my research in my I Like Bits Review to make a decision.

If you do decide to become an affiliate with I Like Bits, make sure you take the time to learn how to market yourself.

My FREE training can help you.

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