My Bitcoin Matrix Review – Legit Opportunity or Another Scam?
Welcome to My Bitcoin Matrix Review!
Whether you have been in the MLM world for years or this is your first encounter, it’s always a good idea to research a new company before joining.
Choosing to invest your money in a company is a big decision, and not one that should be taken lightly.
You should always learn everything you can about the company, so I’m glad you’re here!
My review will go over the company background, the products and the compensation plan.
So let’s get right to it!
My Bitcoin Matrix Review – The Company
The My Bitcoin Matrix website doesn’t provides any information in regards to who owns or operates the business.
A little more digging revealed that the My Bitcoin Matrix website domain was registered privately as “mybitcoinmatrix.com” on the 30th of January, 2017.
Online traffic estimates show that 96% of traffic to the My Bitcoin Matrix website comes from Malaysia, which likely means that the individual running My Bitcoin Matrix is probably operating out of Malaysia.
My Bitcoin Matrix Reviews – The Products
My Bitcoin Matrix does not have any retail products or services.
Affiliates who sign up with My Bitcoin Matrix can only market the affiliate membership.
My Bitcoin Matrix affiliate memberships also include access to “digital products”.
The My Bitcoin Matrix Compensation Plan
Affiliates who want to take part in the My Bitcoin Matrix compensation plan must buy a 3×15 matrix position.
This position purchase qualifies the affiliate to get paid to sponsor others who also purchase a position.
A My Bitcoin Matrix 3×15 matrix puts an affiliate at the top of a matrix that has 3 positions right underneath.
These first 3 positions make up level 1 of the matrix and level 2 is made by adding another 3 positions under each of the first three, for a total of 9 positions.
Matrix levels 3 to 15 are made the same way with each new level holding three times as many positions as the level above it.
When an affiliate signs up and buys a matrix position, it costs 0.004 BTC.
After this purchase, 3 subsequently sponsored affiliates (direct or indirect) are put of level 1 of the affiliate’s matrix.
Every position that is filled on level 1 of the matrix pays a 0.004 BTC commission.
Levels 2 to 15 positions are filled through indirect sponsorship and pay 0.0004 BTC for each position filled.
Cost to Join My Bitcoin Matrix
The cost to join My Bitcoin Matrix as an affiliate is 0.01 BTC, as well as 0.004 for a matrix position.
Verdict on My Bitcoin Matrix
So this company’s business model is based on recruitment and cycling bitcoin up through a matrix…
They don’t offer any real products or services to attract retail customers that might offer repeat business…
Which means that the only thing propelling the business forward is affiliates recruiting new affiliates…
The problem with this is that recruitment numbers won’t remain as high as they are in the beginning…
So as recruitment numbers slow down, income will decrease…
And affiliates will start looking elsewhere for a more steady stream of income…
So, my advice here is join at your own risk….
I hope you enjoyed this My Bitcoin Matrix review, and if you have any questions, please leave them in the comments below…
Attention Marketers And People Looking For A Business Online…
If you are struggling online and want to finally succeed with actual training, tools and mentorship to get you there…
You can’t afford to NOT watch to watch it because it will take your game to the next level…
Take a look at my recent results below….
Take a look at my students below…
If they can do it so can YOU.
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 and transform your life (serious people only…)