Merlyn Bitcoin Review – But I’m Not Promoting It!

Merlyn Bitcoin ReviewLately, this business opportunity has been getting a lot of hype on the internet.

People are hyping Merlyn Bitcoin all over the place, including a lot of social media.

Has someone already pitched Merlyn Bitcoin to you?

The first thing I want to tell you is that I am NOT promoting this business in any way.

I have complied all the facts about it in my Merlyn Bitcoin Review so you can discover the truth for yourself!

Have you hear that Merlyn Bitcoin is a scam?

That Merlyn Bitcoin can’t deliver on it’s promises?

I will tell you all about it in my Review of Merlyn Bitcoin.

Let’s get started.

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Exactly what is Merlyn Bitcoin?

Today, the company that’s up for my full review goes by the name of Merlyn Bitcoin.

Whenever I conduct these reviews, the first thing that I look for right off the bat is how much background info is present on the company website.

In the case of Merlyn Bitcoin, I came away quite disappointed.

The Merlyn Bitcoin website doesn’t offer any indication at all as to who’s running this business, who owns it, where in the world it’s physically located, etc. This is all standard information that you should come to expect from any legitimate company’s site, so when it isn’t present, it causes for the alarm bells to go off.

After looking at the domain registration for the Merlyn Bitcoin site, I was able to see that the domain was registered back on May 2nd of this year (2016). Unfortunately, since the registration is set to a private state, I was unable to determine where the registration took place or who was behind it.

Official Alexa rankings for the site suggest that it’s located either out of Italy or India, with the two countries accounting for 35% and 16% of the site’s total traffic respectively. However, with no indication from either the site or domain registration in regards to where the company is located, I can’t tell for sure just which of these two countries is the actual home for Merlyn Bitcoin.

There’s not a lot being offered by means of background info, and whenever this takes place, it usually means that we’re looking at a scheme or scam of some sort. This can’t be determined right away without looking at the product line or compensation plan, but most of the time, no background info means that something fishy is taking place.

Merlyn Bitcoin Scam

Are There Any Merlyn Bitcoin Products?

Speaking of the Merlyn Bitcoin product line, there actually isn’t anything here to talk about at all.

You see, Merlyn Bitcoin has made the fateful decision to not include any form of product line in their business model. This is something that I’ve been seeing incredibly often in the MLM world recently, and although omitting a product line does make it easier and faster to launch an opportunity, it does nothing but create for problems later on down the road.

Product lines exist for one main reason – retail sales. When retail sales take place, a company is able to get a steady and legitimate source of income through it. However, when that product line is taken out of the equation, retail sales and their related income don’t happen at all.

This means that the only identifiable source of income is likely coming from the investments made by affiliates, and if that happens to be the case, it would suggest even more that Merlyn Bitcoin is operating as scheme.

Can You Tell Me About The Compensation Plan For Merlyn Bitcoin?

Moving on to the company’s official compensation plan, we’re left looking at a system in which affiliates invest a minimum of $21 in return for a daily ROI that’s valued at 5%. This daily ROI is good for a total of 40 days, meaning that the final value of the ROI equals out to a whopping 200%.

Along with these direct ROIs, affiliates can also earn money through referral commissions. These commissions are funded by investments made from other affiliates within your downline, and they get paid out to members through the use of a rather common unilevel payment system.

Merlyn Bitcoin pays out affiliates through the unilevel system down to 15 total levels of any given team, and the commissions being paid out are in the form of a percentage of the total funds that are being invested by affiliates within that particular team.

The earnings available for the related levels are as follows –

  • Affiliates at the level 1 position earn 5%
  • Affiliates at the level 2 position earn 3%
  • Affiliates at the level 3 position earn 2%
  • Affiliates at the level 4 position earn 1%
  • Affiliates at the level 5 position earn 0.5%
  • Affiliates levels 6 through 15 earn 0.25%

Members of Merlyn Bitcoin can withdraw up to a total of $200 each day, but they are subject to a 5% fee every single time that they do make a withdrawal.

Also, if an affiliate for the company wants to withdraw an amount that’s greater than $50, they’re required to reinvest at least $21 back into the company.

What Is The Fee To Join Merlyn Bitcoin?

If you’re at all interested in becoming an affiliate for Merlyn Bitcoin, the membership itself is free. With that being said, you’ll be required to invest at least $21 if you want to start earning money through the actual MLM side of the company.

And, of course, investing more and more will increase the potential ROI that you can earn from your investments.

Is Merlyn Bitcoin Truly A Scam?

If you’ve been doing your research on Merlyn Bitcoin, you may have heard from some people that it’s a scam, and from other’s that it’s totally legit.

After reading my review, you might not be sure for yourself.

So, what’s really going on here?

Is Merlyn Bitcoin a scam, or can you make a legit business with it?

To be honest, I am not sure Merlyn Bitcoin is a complete scam.

However, I did find a few things to be aware of before you join, which will help you to be successful if you join.

Also, see below for help with making money online.

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Read Here For My Merlyn Bitcoin Conclusion!

In the case of Merlyn Bitcoin, we’re dealing with a pretty cut and dry Ponzi scheme.

Affiliates for the company set out to make investments of $21 or more in the form of bitcoin, and as a result of this, they’re eligible to earn an ROI of 200% over the course of 40 days.

However, that ROI is funded by newly invested funds from other affiliates.

This recycling of funds turns Merlyn Bitcoin into nothing more than a Ponzi scheme, and the company really doesn’t do a lot to hide the Ponzi nature of their whole operation.

And, as with all other Ponzi schemes, Merlyn Bitcoin will fail miserably once levels of their recruitment and investment die down. When this happens, the company will be unable to pay off affiliates that they owe, and this will cause the company to fall down the rabbit hole.

The majority of people who decide to get involved with this will more than likely end up losing out, and because all of the transactions are handled using Bitcoin, the likelihood that funds will be able to be recovered is pretty much nonexistent.

I hope you have gained a lot of value from my Merlyn Bitcoin Review.

I have found other reviews are scant on details, so I wanted to make sure you had everything you need here.

If you do decide to move forward with Merlyn Bitcoin, I think the info I have given here will help you.

Moving forward, you need to take care of marketing yourself, which you can learn how to do with my free training. Click below.

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