Are you buying Bitlocity review? If you intend to earn Bitcoin, you might have heard of Bitlocity. But you may wonder when it is a scam.
I have an interest to simply help people explore money-making opportunities online. Through the years, I have reviewed many programs like Bitlocity.
In the past week, I did thorough research about Bitlocity so I will inform you more about it.
As a disclaimer, I'm not affiliated with Bitlocity .It indicates I'm not paid to create this review. So you can be sure that my words are unbiased.
Overview of BitLocity
BitLocity.io makes a good number of tall claims to look like a legitimate platform and make people spend money on the company. The website states that the organization may be the world's first all in one single platform that gives educational material, alongside rewards programs.
However, this is not true. There's a long set of other platforms that provide various features with assistance from blockchain technology. The organization claims that it wants to boost your lifetime and offer you financial freedom with assistance from crypto.
How Much Money Can You Make With Bitlocity?
You can only earn money from Bitlocity by recruiting. Therefore, it is really a pyramid scheme. There's no product to market here.
It's about recruiting. You help recruit people, earn money, then move up the ladder.
How much you can make depends in your degree of membership, which means you won't make as much as an increased level member.
Below you will discover details about how compensation works based in your membership level:
Bitlocity Is A Pyramid Scheme
Not absolutely all programs that need you to recruit is really a pyramid scheme..
However, Bitlocity is 1000% a pyramid scheme.
The reason why you can be sure this can be a pyramid scheme is because there's no product to sell.
Pyramid schemes happen when most revenue comes from recruitment and Bitlocity's case all revenue comes from recruitment.
Bitlocity is principally being promoted in the United States which is illegal.
You could get in legal trouble for participating in this scam.
Some people think because it involves Bitcoin and not cash it's legal but this isn't the case.
It's illegal because it's guaranteed to fail and most folks are guaranteed to lose money.
Conclusion
BitLocity is the same kind of money game models which were used to scam people for decades.
BitLocity combines cash gifting with pyramid recruitment, with payments made in bitcoin in the hope of dodging regulators.
The reason being BitLocity's business model is wholly illegal in the US and everywhere else in the world.
Mark Hamlin being from Richmond, Virginia, syncs with BitLocity currently being primarily promoted in the US.
Undoubtedly scammers in the rest of the entire world will ultimately skew these results with their promotional efforts. South Africa being one example. Jersey is really a tiny island, no idea what's going on there https://centerforworklife.com/opp/mlm/bitlocity/.
Just like all MLM gifting pyramid hybrids, once affiliate recruitment decelerates so too will gifting payments and recruitment commissions.
This may eventually lead to a collapse, causing many BitLocity affiliates losing money.
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