Raging Bitcoin Review – Legit Business or Big Scam? Find Out…
Welcome to my Raging Bitcoin Review!
There has been some buzz about this company so I decided to investigate what it was all about…
Some Raging Bitcoin reviews call it a scam while others don’t, so what is the truth?
Lucky for you I am not actually in this company so I can give you the point of view of someone that isn’t biased.
In this blog post I am going to walk you through the company, products and compensation plan so you can make the right decision.
Raging Bitcoin Review – The Company
For some reason Raging Bitcoin has no information on their website on who runs the show or owns the business.
I decided to check out the domain registration on “ragingbitcoin.com” and found out that Raging Bitcoin registered it on May 19th, 2017.
In addition, I found out that Robert Reel was listed as the owner with an address in the state of Indiana, USA.
Last year, it looks like Reel was promoting a company called United Games Marketing which didn’t do as well as people wanted it to…
Anyway, that’s probably why Reel decided to launch Raging Bitcoin.
Raging Bitcoin Reviews – The Products
Raging Bitcoin for some reason has no retail products or services for sale, but you can promote the Raging Bitcoin affiliate membership to others.
All I see on their website is “Send 0.01 BTC to the 6 members above you in the system… Your payment is split between all siz people above in the system. About $20 US”.
That’s when you know where the focus really is…
Raging Bitcoin Compensation Plan
Basically in the Raging Bitcoin Compensation Plan, affiliates gift bitcoin each other and are paid through a unilevel structure.
If you don’t know what that looks like…
Take a look at this:
- Level 1: Personally enrolled members
- Level 2: Level 1’s personally enrolled members
- Level 3: Level 2’s personally enrolled members
So in Raging Bitcoin, new affiliates sign up and gift 0.01 BTC into this system.
This payment is split between your six upline members which looks like this:
- First upline affiliate receives 25% (0.0025 BTC)
- Second upline affiliate receives 20% (0.002 BTC)
- Third to fifth upline affiliates receive 15% each (0.0015 BTC)
This gifting payment you do qualifies you to receive the same from your downline members:
- Level 1 (Personally recruited affiliates) – Receive 0.0025 BTC
- Level 2 – Receive 0.002 BTC
- Level 3 to 5 – Receive 0.0015 BTC
Cost To Join Raging Bitcoin
The cost to join Raging Bitcoin is a gifting payment of 0.01 BTC in total.
The moment you have been waiting for in this Raging Bitcoin review…
Verdict On Raging Bitcoin
Alright so what do you guys think?
Raging Bitcoin scam real or is it a legit company?
After doing my own investigation and weighing everything…
Raging Bitcoin is NOT legit and here is why…
They offer no products or services to the marketplace and all they talk about on their website is how you donate bitcoin to each other.
Not only does this make this company a pyramid scheme, but a gifting scheme at the same time…
Once recruitment slows down, the gifting payments will stop and this company will suffer a complete collapse…
When that happens, majority of the people will lose out while the top few including Robert Reel will make a killing.
Sorry to lay it out like that, but I am just speaking the truth.
No way I am going to sugar coat that lol.
Anyway, the choice is yours!
I hope you enjoyed this Raging Bitcoin Review and if you have any questions, please leave them in the comments below…
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