Bitlocity Review: Quick Summary
Description: Bitlocity is a network market company that focuses on those invested in BitCoin. Although it doesn't seem much to get involved as an affiliate, you should think twice before dishing out money for this company. Bitlocity has not been in business for long and it is an absolute mystery as to the founders or their official location.
Is Bitlocity A Pyramid Scheme?
When you invest to become a member of an MLM company and don’t receive any tangible products to sell, it is considered a pyramid scheme. Bitlocity doesn’t offer anything to their members for reselling so technically it is considered a scam. This is definitely not a company I would recommend joining.
- I’ll get back to you on that
- The Only Way to Earn is to Recruit
- Complex Compensation Plan
- Mostly Everyone Will Lose Money
Bitlocity is a new multi-level marketing company that was established in 2020.
As this company capitalizes on investors of Bitcoin, you may have stumbled on this page because a family member or friend recommended you to join and referred to it as being a GREAT BUSINESS OPPORTUNITY!!!
The truth of the matter is that you have been presented with this opportunity by someone you know because the only chance to earn an income within Bitlocity comes from recruiting others to join.
That fact leads to why an MLM company can be labeled as pyramid schemes, but I will not label Bitlocity as such for now.
So to know whether or not this business opportunity is right for you, this post will provide full details on what is Bitlocity about and all it has to offer. I must share the fact that I am in no way associated with the company and I am in a position to share this review due to past experience with another MLM company called World Ventures.
In striving to make a passive income in the past with World Ventures and other past business failures, internet marketing has proven to be a success and is the best way to go about marketing products and services.
MLM companies will turn you into that annoying friend that harasses everyone you come across to join or buy your products.
It’s a known fact that there is a low success rate for members within Multi-Level Marketing Businesses and if you consider joining it would be in your best interest to learn everything you can regarding marketing online to reach a wider audience instead of being limited to the people in your circle.
If you want to learn how to make money online for the best chance of establishing a passive income and live a more free lifestyle, subscribe and get weekly content and a free 7-day course for making money online.
Now it’s time to get to the review of Bitlocity and see if it’s the right opportunity for you.
What is Bitlocity About?
In researching Bitlocity, there is no information regarding its founders or headquarters. That is a red flag as it is important to know the background of the owner for any legitimate company.
Price of Membership
It costs a whopping $189,000 to be fully involved in this opportunity.
BitLocity affiliates purchase membership tiers in bitcoin at the following options.
- Bronze – $25
- Silver – $50
- Gold – $75
- Platinum – $100
- Pearl – $200
- Amber – $500
- Ruby – $750
- Sapphire – $1000
- Emerald – $2000
- Diamond – $5000
- Double Diamond – $10,000
- Blue Diamond – $20,000
- Ambassador – $50,000
- Crown Ambassador – $100,000
MLM companies usually have a compensation plan that is complex and difficult to understand. As this company does not have any tangible product to sale, you can only get paid by recruiting others to invest in the program.
To get an understanding of how confusing their compensation plan is, you can check out the video below.
Pros of Joining Bitlocity
There is literally nothing good I can say about joining Bitlocity.
Cons of Joining Bitlocity
- Low Success Rate
- Expensive Business Opportunity
- The Only Way to Earn is By Recruiting
- Must Own Bitcoin
When it comes to training on promoting and selling products, Bitlocity has the same problem as most multi-level marketing businesses. The problem most members face when becoming a member of these businesses is that you are lead to believe the opportunity presented is GREAT and STAND OUT from the REST and HOW GREAT it would be to INTRODUCE this to your FRIENDS and FAMILY!!!
Bitlocity training methods are a big part of why most people fail, but then again these kinds of businesses are not set up for a majority to succeed. If you are an owner of any business, especially nowadays with the Covid situation, you need to know how to MARKET ONLINE.
Even with some training, the price to become fully involved is very expensive. Another thing to consider is that Bitlocity is only for people that have Bitcoin which further limit your market of potential prospects. As there is no tangible products to sell, people should think twice before joining this company.
Is Bitlocity a Pyramid Scheme?
I hate to call a company an outright pyramid scheme, but anytime you invest a lot of money in a network marketing company without getting a product in return, then you got scammed. You will have to recruit people into Bitlocity to get back your investment, and those recruits will have to go through the same cycle.
Investing in cryptocurrency poses a risk as well because it is not regulated by any form of centralized government. That fact is why this pyramid scheme has not been caught on by the government, but that will eventually happen.
Bitlocity is not an MLM company I would recommend joining. As a matter of fact, there’s various crypto pyramid schemes out there and I wouldn’t recommend any of them.
Recruiting a family member or friend can ruin a relationship which is something that happens every so often when talking about these types of businesses. Chances of this happening are greater due to the ridiculous amount of money it takes to be fully involved.
Bitlocity will most definitely entice people to invest low to start, but will try to convince you to invest more and more. There are plenty of opportunities to make an income online which will require less money to start and can eventually replace your day job. For a chance to make a passive income to change your life for the better and take control of your own fate instead of having to rely on recruiting…
Now that you know what is Bitlocity about I wish you the Best of Luck In Your Business Endeavors.
If you have any experience with Bitlocity feel free to leave a comment in the section below.