The rate at which these types of MLM without products otherwise known as Ponzi are springing up these days is alarming! Global Bitcoin Profits happens to be one of the newest that made the list and accidentally it happens to be that the highest number of its traffic comes from my home country Nigeria. It is so sad that we have to witness all these kind of online money making ventures that usually ends disastrously. Global Bitcoin Profits was registered privately on the 20th Feb. 2017 and I suspect the owner could be a Nigerian, well that’s my own opinion because there are so many of them like that owned by Nigerians and they are using it to defraud people.
Global Bitcoin Profits as the rest does not have any information as to who is behind its operations. And this is not a good thing because anyone that is trying to sell an idea or a product to someone online should be kind enough to reveal who he is just like in many websites on the internet including mine that has the ‘’ about me’’ page where you can simply go and know the person operating a website. Most times with pictures and descriptions of the admin of a website; as this will instill confidence to the visitors. But that is not the case with all these Ponzis, I guess what really matters is to tell a visitor you will make money in 2 days if you become a member of this website and he will become one not minding if he will truly make the money as claimed.
No one is ready to work for the money but everyone is always looking for the shortcuts. What they fail to understand is that shortcuts don’t usually work even if it works, it will only work for a while because it is not sustainable.
Global Bitcoin Profits Product
Global Bitcoin Profits does not have any product but only sell or invite people to join the scheme. As long as you are able to get people to join you will likely make money.
What is Global Bitcoin Compensation Plan?
Global Bitcoin System uses a unilevel system to create a structure where somebody signs up and pays 0.015 BTC in order to get positioned in the structure. And when the person starts to recruit new members they are placed under him on level 1 and when the level 1 recruits/members recruit people they are placed on level 2 and so on and so forth.
Whenever someone pays 0.015 BTC, Global Bitcoin Profits splits it through eleven levels of recruitment and everyone that is in the eleven levels will get paid. However, Global Bitcoin Profits does not state any specific amount a member will get if he joins. So, I figured that will be determined by the number of people a member is able to recruit.
Is Global Bitcoin a Scam?
You may be wondering if Global Bitcoin Profits is a scam, but it is not really a scam because you will get what you really work for (recruits). However, the admin(s) make money (just like I mentioned on the Donation To You Review) from the payments made by the members. They will dedicate a certain position in a structure to be receiving payments regularly depending on how much they wish to be making every day. So, you should know that the operator(s) also make money off of the members without paying anyone to be in a unilevel structure.
Global Bitcoin Profits is all about high risks and there are many people around the world that are willing to take that high risk especially in Nigeria due to the economic situation in the country. Anyone that is willing to take the risk should be able to have a viable plan on how to get others to join and I see that as an uphill task because not everyone would be willing to join because it has to do with talking to others as well in order for them to make money.
Like I use to tell anyone that cares to listen, this type of scheme is not reliable and doesn’t last long as its sustainability relies on the number of new members. So, when the number of new members begins to dwindle so also the chances of getting paid is also getting thin.
If you are looking for a real way to make money online and you are tired of chasing shadows all the time then I invite you to join my #1 recommendation. This program is responsible for all the credit you see on this website. Stop going after programs that promise instant success and ridiculous earnings and be ready to set up a foundation of an online business that will last you a lifetime.