Bit4G Review: 49% monthly ROI crypto lending Ponzi scheme
Bit4G provide no information on their website about who owns or runs the business.
The Bit4G website domain (“bit4g.com”) was registered on October 11th, 2017.
“Bit 4G” is listed as the owner, with an incomplete address in London, UK also provided.
A complete corporate address in London is provided on the Bit4G website.
Further research however reveals this address belongs to Garden Studios, who provide virtual office services.
Whether Bit4G has a physical presence in the UK is thus unclear.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Bit4G Products
Bit4G has no retailable products or services, with affiliates only able to market Bit4G affiliate membership itself.
The Bit4G Compensation Plan
Bit4G affiliates pay whoever is running Bit4G real money in exchange for B4G points.
They then “lend” these B4G points back to Bit4G for an advertised ROI:
- invest $100 to $1000 and receive a monthly ROI of up to 49% for 279 days
- invest $1010 to $5000 and receive a monthly ROI of up to 49% plus a guaranteed 0.15% monthly ROI for 219 days
- invest $5010 to $10,000 and receive a monthly ROI of up to 49% plus a guaranteed 0.25% monthly ROI for 159 days
- invest $10,010 to $100,000 and receive a monthly ROI of up to 49% plus a guaranteed 0.3% monthly ROI for 119 days
Bit4G pay referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Bit4G cap payable unilevel levels at ten, with commissions paid out as a percentage of funds invested across these ten levels as follows:
- level 1 (personally recruited affiliates) – 8%
- level 2 – 3%
- level 3 – 2%
- level 4 – 1%
- level 5 – 0.5%
- level 6 – 0.3%
- level 7 – 0.2%
- levels 8 to 10 – 0.1%
Joining Bit4G
Bit4G affiliate membership is free, however affiliates must invest a least $100 to participate in the attached income opportunity.
Conclusion
Bit4G utilizes the “cryptocurrency lending” Ponzi business model.
Under this model affiliate investors invest real money in exchange for worthless points, which hold no value outside of the income opportunity.
B4G points are issued by whoever is running Bit4G in exchange for real money.
B4G has no real world application or purpose, with its value determined only by the rate of new affiliates investing in Bit4G.
Despite this fact, Bit4G insist B4G’s value is determined by a combination of “supply” and “valuation”.
1. Supply wise, Bit4G is one of the most scarce cryptocurrency among all conventional lending and staking platforms.
Simple math says that Low Supply = High Price
2. Bit4G coin’s valuation also is an index of the company’s valuation and because of rock solid fundamentals, it will grow rapidly.
The first point is nonsense. Now matter how scarce a useless resource might be, it’s still useless.
The second point brings us to Bit4G’s fraudulent business model.
Bit4G’s “company valuation” is tied to affiliate investment, which is the only verifiable source of revenue entering the company.
This is basically another way of saying “the more people invest, the more money we have to pay out”.
Rather than acknowledge itself as a Ponzi scheme however, here’s how Bit4G claim to generate ROI revenue:
The power of supercomputer driven trading, once available only to the largest of hedge funds has been unlocked.
It is now available to YOU.
This platform is the culmination of a long standing dream – To bring the magic of Artificial Intelligence (AI) to the world of trading; and make it accessible to the masses.
InteliTrade is a self-learning, AI based trading algorithm which is way ahead of our times and other ‘trading bots’ available in the market
If the anonymous owner(s) of Bit4G had indeed created a trading bot that was “way ahead” of its time, they’d keep it to themselves, put it to work and reap the profits.
It makes absolutely no sense to share a golden goose with randoms over the internet. All that does is create an ever-growing liability, which in legitimate business makes no sense.
Putting aside no proof whatsoever of InteliTrade even existing, the fact remains that new affiliate investment is the only verifiable source of revenue entering Bit4G.
Bit4G using this revenue to pay existing investors a ROI makes it a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment slows down so too will new funds entering the system.
This will see Bit4G unable to meet its ROI obligations, eventually prompting a collapse.
At some point B4G might be publicly launched on the cheap via a script, which would still only peg its value to affiliate recruitment (the only public buyers of the coin).
This is the BitConnect Ponzi model, and still collapses once affiliate recruitment slows down (no buyers, only sellers).
End result being unless you get in early and are fine with stealing money from people who join after you, as a Bit4G affiliate investor you’re going to lose money.
Are going to take my money at the end of the 219 days? Or you will give me the money back.
Depends if enough gullible investors join after you.
Not receiving the interest from past 5 days and coming to chat support unable to find customer care team 24/7.
This is the error coming from past 5 days while trying to transfer the btc:
BIT4G IS SCAM i can submit all proofs if needed. Dont Invest.
It says: