Bit Cycler Review – Legit Business Opportunity or Big Scam?
Welcome to my Bit Cycler Review!
There has been some buzz about this company so I decided to check out what it was all about…
Chances are you were approached by someone you know or someone on social media and now you are on this blog post because you want to make sure it’s actually legit right?
The good news is that I am going to do my best on the information I have to walk you through the company, products and compensation plans so you can make the right decision.
Find out of this company is for you or not…
Bit Cycler Review – The Company
When I checked out the Bit Cycler website I noticed there is NO information on who actually runs the show around there…
I decided to dig deeper by checking out the Bit Cycler website domain “bitcycler.com” and found out it was purchased on October 6th, 2016 and Francisco Gomez of 3fera is listed as the owner.
There you go, now we are getting some where!
I checked out 3fera and it’s actually a web design and marketing company based out of Spain.
I hopped over on Facebook and found out their official group has three admins, Tonatiuh Cordero, Antonio Solis and Armando Castillo.
Not sure who actually owns it, maybe they are all partners?
There is a lot of info here that is all over the place.
Anyway, let’s check out the products next…
Bit Cycler Reviews – The Products
When I checked out the Bi Cycler website, I noticed there are no retail products or services, but gives the ability for affiliates to promote the actual affiliate membership.
Plus, it doesn’t help that their website is just a login page…
Bit Cycler Compensation plan
Show me the money right? I guess this is the main reason why people join businesses is to get paid!
Bit Cycler has their members purchase positions in three straight-line queue cyclers.
So when two new positions are bought in each queue, the position at the top of the queue is paid a cycler commission which looks like this:
- Cycler 1 (Positions cost $20) – $26 cycler commission
- Cycler 2 (Positions cost $50) – $67.50 cycler commission
- Cycler 3 (Positions cost $100) – $140 cycler commission
Once you get your cycler commission, that cycling position is removed from the queue and all existing positions move up a place.
On top of this cycler stuff, you get paid to sponsor people in the business through a unilevel compensation plan as well.
If you don’t know what that is, it looks like this:
- Level 1: Personally enrolled members
- Level 2: Level 1’s personally enrolled members
- And so on…
Now Bit Cycler’s unilevel comp plan is a little different, you can only earn past Level 1 if you sponsor at least 10 members.
So once you have sponsored 10 members, you can get paid 5 levels deep:
- Level 1 (Personally recruited affiliates) – 10%
- Level 2 – 5%
- Level 3 – 3%
- Level 4 – 2%
- Level 5 – 1%
Once you personally enroll more members, so does your commission rate:
- Sponsor 100 affiliates – 13% on level 1, 7% on level 2, 4% on level 3, 2% on level 4 and 1% on level 5
- Sponsor 1000 affiliates = 15% on level 1, 8% on level 2, 5% on level 3, 3% on level 4 and 1% on level 5
- Sponsor 10,000 affiliates = 20% on level 1, 10% on level 2, 6% on level 3, 4% on level 4 and 2% on level 5
Cost To Join Bit Cycler
Bit Cycler is actually free to join, but if you want to get paid in the business opportunity you must pay $20 to $100…
Also not that all payments within Bit Cycler are made in BitCoin.
Next, the verdict in this Bit Cycler review…
Verdict On Bit Cycler
The first red flag is that there is no real information on who runs the company and there are 4 names I found but can’t pin point who does what…
Also, there are no real products here, it looks like it’s just a pure recruitment scheme in BitCoin.
Take note that companies like this launch around Christmas time to really scam people around this time because people are in the buying mood…
The problem is once recruitment stops, this company will go under and the admins will run away with the money.
Don’t get screwed here…
I personally don’t recommend this at all…
I hope you enjoyed my Bit Cycler review and if you have any questions, leave them in the comments below…
What Do I Recommend?
If you already joined Bit Cycler, this still applies to you because you should never put all your eggs in one basket…
After reviewing hundreds of systems and companies…
It’s the only system where you will learn how to build a business online step by step with the right training, tools and one on one coaching.
Yes that’s real one on one coaching to help you start up, setup and scale your business to your income goals…
Also, you are not selling anything yourself because this system has a sales team that does it for you.
Just take a look at my recent results:
Better yet, take a look at my students…
In other words, they are doing great!
You will thank me later 🙂
Follow me on Social media below:
Add Me On SnapChat:
Snap Chat I.D: MillDrive
See you at the top,
P.S. Sign up for my news letter below to transform your financial life (serious people only…)