Bitcoin4u Review: Old school list-driven bitcoin cash gifting
There is no information on the Bitcoin4u website indicating who owns or runs the business.
The Bitcoin4u website domain (“bitcoin4u.biz”) was registered on the 1st of August 2016, however the domain registration is set to private.
At the time of publication Alexa estimate that 42% of all traffic to the Bitcoin4u website originates out of India. This strongly suggests that whoever is running the company is also likely based out of India too.
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.
The Bitcoin4u Product Line
Bitcoin4u has no retailable products or services, with affiliates only able to market Bitcoin4u affiliate membership itself.
The Bitcoin4u Compensation Plan
Bitcoin4u affiliates begin by making a 0.002 BTC gifting payment to a list of ten existing BitCoin4u affiliates (two of which are admin accounts).
This list is obtained on a replicated website, hosted on the BitCoin4u domain.
Once payment has been confirmed, each affiliate on the list moves up a position. The newly joined affiliate is placed at the bottom of the list and the affiliate previously in position 3 is struck off the list (the admin accounts remain on top).
A 10×10 matrix is used to coordinate gifting payments on the Bitcoin4u backend. This essentially means a Bitcoin4u affiliate is paid a minimum of ten times per affiliate they recruit into the scheme.
How many 0.002 BTC gifting payments they ultimately receive is determined by an affiliate’s own recruiting efforts and that of their downline.
Bitcoin4u affiliate membership is tied to ten 0.002 BTC gifting payments (0.02 BTC in total).
This is not a MLM or Money chain program. First of all, This system is 100% legal and 1000% successful. It is not a Scam or Fraud way of making Money.
Through the above statement, the owner(s) of Bitcoin4u are lying through their teeth.
Cash gifting is both illegal and ultimately unsuccessful for the majority of participants.
A new Bitcoin4u affiliate pays the owners 0.004 BTC and then 0.002 BTC to eight existing affiliates.
These payments qualify them to begin receiving payments from subsequently recruited Bitcoin4u affiliates.
Needless to say once recruitment of new Bitcoin4u affiliates dies out, Bitcoin4u will collapse and leave the majority of affiliates out of pocket.
The Bitcoin4u admin(s) is/are the only members to profit handsomely, skimming 0.004 BTC off every new affiliate recruited.