The truth is that this scheme is really attracting some attention as people are selling it to others that are not yet members. Its momentum is so pronounced on the social media in particular; maybe you that is reading now may have been approached by social media folks for you to join…maybe not. But the fact is that it has got a lot of disciples that are willing to get converts by all means.
First thing first, I am not an affiliate of Bitcoin Golem neither do I have any kind of ties to it, therefore, I shall be objective with m y review without strings attached. So, let’s start with, what is Bitcoin Golem?
What is Bitcoin Golem?
Unfortunately, but not surprising, there is no background information as to who is the owner of the Bitcoin Golem or who is running it or where he is from. Often times, websites without background information are not always legit even when some are legit but most are not and I feel uncomfortable with such websites except I wish to try something out which will require me to count my loses before the venture just in case I lose my money. This way, I am prepared and I would not cry later and scream wolves!
In a bid to get some sort of information about the website I checked the Bitcoin Golem’s domain name registration and found out it was registered sometime in March 23rd of 2017. However, I couldn’t get past this information. Most of its traffic comes from Asian/middle east countries like Japan, Russia, Vietnam, India, and Iran.
The Bitcoin Golem is basically an MLM website without any product line; it is all about cash gifting, referrals and commissions, in other words, the only thing to promote is Bitcoin Golem and referrals in order to make commissions, but that is not without investing your own money.
The Compensation of Bitcoin Golem
The Bitcoin Golem is a system that would require a member to invest Bitcoin into the company so as for them to earn 1% to 9000% return on investment (ROI). How? You might ask, there is an hourly and 15 day ROI.
There are 3 major levels of investment in Bitcoin Golem that a member can decide to invest in and they as stated below.
- Hourly Plan is the level that a member is expected to invest between 0.1 BTC and 2500 BTC so as to earn a 1% return on investment (ROI) that is supposed to be paid out hourly forever.
- Diamond Plan is the level that a member is expected to invest between 0.3 BTC to 2500 BTC so as to earn 15000% return on investment (ROI) that is payable after 3 days.
- VIP Plan is the level a member is expected to invest 10 BTC to 2500 BTC, so as to earn 7000% return on investment (ROI) after 4 days
- There is another plan that is coming soon as at the time of writing this article.
Just like I said earlier on that members can also earn money through referrals; member can earn referral commissions from level 1 to level 5.
- Member earns 5% commissions from his level 1 downlines
- Member earns 2% commissions from his level 2 downlines
- Member earns 1% commissions from his level 3 through level 5 downlines
How Much will cost to join Bitcoin Golem?
At least you are expected to invest 0.01 BTC in order to earn commissions but you can even go all the way to 2500 BTC if you are up for it.
Is Bitcoin Golem a Scam or Legit?
The big question with an elusive answer! Why I used the word ‘’elusive’’ is because people do no not generally agree with the same view about such schemes. Some people will say it is a scam even without trying it while some will say it is not a scam because they are trying to make money by convincing others to join so that they too can earn referral commissions.
But I will level with you here without mincing words. Bitcoin Golem and the likes of it that are all over the internet are Ponzi schemes where there is the possibility of a scam activity by the managers/admins because they are in the position of manipulating funds that come from the website into their own coffers. Often times than not, they do divert some of these funds into their own pockets which will sooner or later have an effect on the system.
Ponzis don’t last, but it is usually a matter of time before it crashes and vanishes into the thin air. The early participants seem to gain than the later participants. Therefore, if you are going to participate in Bitcoin Golem, chances are you could make money but there is also the possibility of losing your money, just have that in the back of your mind when you are contemplating joining the scheme, besides, the return on investment percentages and the duration to receive it is ridiculously too good to be true.
I guess I have said all there is to be said about Bitcoin Golem, but if you are tired of being scammed online and you are willing to try something different, something 100% legitimate in making money online then I suggest you look up Wealthy Affiliate University where you will be taught how to establish your own online business that could probably thrive forever.