So someone has introduced you to Bittrain and you wanted to know if it is a scam or a legitimate company.
You've come to the right place because I'll be sharing with you everything you need to know about this program before you join.
I’ve made some startling discoveries which led me to believe that by joining Bittrain, you could lose hundreds and even thousands of money instead!
Let’s get started.
Co-Founders: John Kin and Allen Coko
Price: $100 - $25,000
Income Opportunity Rating:
What is Bittrain
In a nutshell, Bittrain (www.bittrain.org) appears to be a Bitcoin ICO (Initial Coin Offering) business opportunity.
Interesting enough, Bittrain comes with additional bells and whistles similar to that of a multi-level marketing company.
If you join Bittrain, you can potentially earn a passive percentage from your initial investment by trading in cryptocurrencies.
You will also make more money if you decide to make use of the company’s MLM compensation plan and recruit more people into the company.
On Bittrain’s official website bittrain.org, two names were presented as the company co-founders.
- John Kin - Bittrain CEO and Co-founder
- Allen Coko - Bittrain Co-founder
I didn’t find anything about Allen.
How To Make Money With Bittrain
Once you invest in Bittrain, there are two ways you can make money.
You can make a weekly passive income with your investment, and you can also earn recruitment commissions with Bittrain’s adapted MLM compensation plan.
Bittrain Crypto Investment
You are promised a weekly income of 8%from your total investment. This depends on the Bittrain membership package that you pick, which I will discuss in a moment.
Bittrain Recruitment Commissions
You can potentially earn a 10% direct referral fee from the membership fees of each person you recruit to Bittrain.
You will also receive another 10% in Bittrain’s, Binary compensation and more by climbing up the company’s Unilevel ranks.
Below is a recent video of Bittrain’s compensation plan uploaded by Jonathan Tacad last March of 2019.
He is one of Bittrain’s Master Distributor from the Philippines.
I did some further research, and I found Jonathan Tacad’s Facebook Account.
On that note, you can also take a look at the Bittrain Official Facebook Page.
You can become a member of Bittrain by choosing any of its package plans. The lowest is $100, and it goes up to $25,000.
Your income potential depends on the amount of investment package you choose. Please refer to the image below.
Your Bittrain contract for all the packages will last for two years. You will also need to pay a subscription fee of $5 up to $500.
Before I share with you the truth on the rumors of the Bittrain scam going on, let’s discuss the good things about this company.
While You're Here: Check Out My #1 Online Business Recommendation
Good Things About Bittrain
To be fair with Bittrain, I tried to remain as objective as possible while writing this Bittrain review, however, I cannot seem to find any good thing about the company.
I noticed a lot of red flags instead!
But if I must mention anything good, I will give credits to the company for providing the public with the Bittrain ICO Whitepaper.
I have reasons to believe that Bittrain is dangerously both a Ponzi scheme and a pyramid scheme.
What leads me to this conclusion are my findings during my research, which I will discuss below.
Bittrain Red Flags
I understand why people are spreading the rumors of Bittrain scam on the Internet. This crypto MLM company is ripe with red flags - just like
#1 Unrealistic Claims
One of the first red flag I noticed about Bittrain is the company’s confidence that their token value will rise to $50,00 in the year 2020.
Anyone who knows the risks involved in crypto trading knows this is a blatant lie.
Not even Bitcoin was projected to reach such worth in 2020. How much more an unknown coin like Bittrain.
And talking about Bittrain’s unknown ICO, which supposedly has reached between $5,000-$10,00 in value by the time I am writing this Bittrain review...
I haven’t heard anything about it outside the Bittrain website. Have you?
#2 Mysterious ICO
Bittrain claims that they have a successful ICO but no matter where I looked, I cannot find any record of any trades about the company’s token.
Go ahead and search for Bittrain coin or Bittrain token and you will find no announcement or any thread suggesting transactions of such token.
So if no actual crypto trades are going on, where is your weekly income and commissions coming from?
#3 Ponzi/Pyramid Scheme Structure
Because no actual record of cryptocurrency trading transactions is happening...
I believe that your income from Bittrain will come from the membership packages fee of the newer members.
This could only be the explanation, and this is a definition of a Ponzi Scheme.
Furthermore, Bittrain encourages its members to recruit more people instead of teaching them how to trade in cryptocurrency.
If you take a look at the Bittrain compensation plan, there is no way for you to make more money other than recruitment.
This is how pyramid schemes work.
So yeah, I am afraid that Bittrain is a hybrid Ponzi/Pyramid scheme that you should stay away from. Why?
#4 Bittrain Will Close Soon
Yes, Bittrain will collapse soon. When?
Bittrain will cease operation once the people behind this scheme has amassed more than enough money from unsuspecting victims.
Or, when the FTC shuts them down.
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Is Bittrain A Scam?
Base on my research and by having reviewed various business opportunities, my opinion about Bittrain is it is a scam.
Can You Make Money With Bittrain
Technically yes, you can make money with Bittrain if you are among the first ones to join the company.
You might ask…
If you can make money, why is Bittrain a scam?
Well, because it is how Ponzi schemes usually work, and that is why they can victimize countless of people over and over again.
The people behind investment schemes usually pay the first, second, and up to as many payouts as possible before they ran away with the people’s money.
They do this to achieve two things:
- To make initial investors believe that this is a legit company and throw in more investments
- To trick suspecting yet interested people into joining the scheme.
This is how the Bittrain scam and other Get-Rich-Quick online scams usually operate.
Protect Yourself From Bittrain Scam
There are proven ways to protect yourself and your hard-earned money from scammers.
- There is no Get-Rich-Quick opportunity
- Research about the company/business
- Unrealistic income potentials
You can learn more about detecting online scams in this article.
Should You Join Bittrain
As you probably can tell with the tone of this Bittrain review, I suggest that you stay away from this company.
For your reference, you can read our USI-Tech scam review as the two shared a lot of similarities.
So, if Bittrain did not turn out to be the business opportunity that you are hoping for, and you are still looking for a way to earn money online, then I highly recommend that you check out this program.
It is the program that taught hundreds of thousands of beginners to find success online, and it is the reason that allowed me to quit my full-time job and still earn a full-time income from home.
Thank you for taking the time to read this Bittrain review. I hope that you did found the answers that you were looking for.
You can share this to the people you know so they too shall be aware of the truth about Bittrain.
Meanwhile, if you have any valuable pieces of information about Bittrain that you would like to share, feel free to use the Comment Section below.
Until here and I wish you all the success in the future.