BitLocity Review: $189,700 buy-in BTC gifting pyramid hybrid
BitLocity provides no information on its website about who owns or runs the business.
BitLocity’s website domain (“bitlocity.io”) was privately registered on October 28th, 2020.
As per current Alexa estimates, the top three sources of traffic to Bitlocity’s website are the US (42%), Jersey (11%) and South Africa (6%).
On the official BitLocity Vimeo channel linked from their website, there’s a video titled “Team Update November 24, 2020”.
The video features Mark Hamlin, discussing “our involvement” in Qtrex. Qtrex being a bitcoin Ponzi pyramid hybrid launched a few months back.
Based on Hamlin’s comments in the video, Qtrex has collapsed (“Qtrex is over”). After Qtrex Hamlin began hosting corporate BitLocity webinars:
Hamlin (right) refers to BitLocity as a “better mouse trap” than Qtrex.
Today we’re gonna introduce you, we’re gonna give you just a taste of what we have created as a leadership team.
If you need to get something done right, you need to do it yourself. So that’s exactly what we’ve done ladies and gentlemen.
We’re very excited to introduce to you our new project ladies and gentlemen, that we have developed.
What follows is a pitch for BitLocity’s “founders club”. He refers to the company in the possessive.
In addition to Qtrex, other scams Mark Hamlin has promoted include Forsage and WeShare Crowdfunding.
Based on his recent social media posts, Hamlin appears to be knee-deep in crypto investment fraud:
I didn’t sit through every video uploaded to BitLocity’s Vimeo channel. In the videos I did skim through, Hamlin didn’t disclose who he’s working with.
In some videos Hamlin introduces another speaker, only referred to as “Brian”.
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.
BitLocity has no retailable products or services, with affiliates only able to market BitLocity affiliate membership itself.
BitLocity’s Compensation Plan
BitLocity affiliates purchase membership tiers in bitcoin (prices quoted in USD).
- Bronze – $25
- Silver – $50
- Gold – $75
- Platinum – $100
- Pearl – $200
- Amber – $500
- Ruby – $750
- Sapphire – $1000
- Emerald – $2000
- Diamond – $5000
- Double Diamond – $10,000
- Blue Diamond – $20,000
- Ambassador – $50,000
- Crown Ambassador – $100,000
Commissions are paid when others, directly or indirectly recruited, do the same.
Bronze and Silver Gifting
BitLocity’s Bronze and Silver tiers function as two straight-line gifting cycler queues.
Once purchased (either Bronze or Silver), a position in the corresponding queue is created. 100% of the Bronze or Silver membership fee paid by the next two recruited affiliates are gifted.
- the first $25 gifted is kept
- the second $25 gifted is used to fund a gifting payment to another BitLocity affiliate, this second payment creates a new position a the end of the queue
Gold and Higher Recruitment Payments
Gold and higher BitLocity membership tier recruitment commissions are paid to recruiting affiliates.
Minus a $10 admin fee, half of each Gold and higher membership fee paid are used to fund a direct recruitment commission.
Note there are two exceptions to direct recruitment commissions paid out.
Recruitment commissions generated by fee payments made by an affiliate’s third and tenth recruit are passed upline (the affiliate who recruited the recruiting affiliate).
In turn, recruitment commissions generated by fee payments made by the third and tenth personally recruited affiliates pass up to you.
Gold and Higher 3×1 Cycler Commissions
Minus a $10 admin fee, BitLocity uses the other half of Gold and higher affiliate membership fees paid to fund a 3×1 matrix pyramid cycler.
A 3×1 matrix places a BitLocity affiliate at the top of a matrix, with three positions below them to fill.
These positions are filled as recruited affiliates purchase BitLocity affiliate membership tiers.
The first two filled positions generates a cycle commission for the affiliate at the top of the matrix.
The third position generates a commission for the upline affiliate (the affiliate who recruited the affiliate cycling out of the matrix), and generates a new matrix cycler position for the affiliate at the top of the matrix.
Effectively affiliates cycling out of a matrix are placed into the matrix of whoever recruited them. This process repeats as long as BitLocity affiliates continue to purchase affiliate membership tiers.
Note that each BitLocity affiliate membership tiers operates as its own cycler tier (12 tiers total).
Top Recruiter Pool
BitLocity takes $5 out of every $10 admin fee collected and places it into the Top Recruiter Pool.
Each month the Top Recruiter Pool balance is split between the company’s top ten recruiting affiliates.
- the top recruiter in BitLocity for the month receives 20%
- the second and third top recruiters each receive 15%
- the fourth to sixth top recruiters each receive 10%
- the fifth to tenth top recruiters each receive 5%
BitLocity affiliate membership starts at $25 for Bronze.
Full participation in BitLocity’s MLM opportunity costs $189,000.
Note that all payments within BitLocity, although quoted in USD, are paid in bitcoin.
BitLocity is the same old money game models that have been used to scam people for decades.
BitLocity combines cash gifting with pyramid recruitment, with payments made in bitcoin in the hope of dodging regulators.
This is because BitLocity’s business model is completely illegal in the US and everywhere else in the world.
Mark Hamlin being from Richmond, Virginia, syncs with BitLocity currently being primarily promoted in the US.
No doubt scammers in other parts of the world will eventually skew these results with their promotional efforts. South Africa being one example. Jersey is a tiny island, no idea what’s going on there.
As with all MLM gifting pyramid hybrids, once affiliate recruitment slows down so too will gifting payments and recruitment commissions.
This will eventually lead to a collapse, resulting in the majority of BitLocity affiliates losing money.
Update 19th July 2021 – Bitlocity has announced a shit token exit-scam.
Just FYI, Affiliates cannot lose money because it’s peer to peer, the company only gets tiny admin. fees which will be a wash.
Also, it’s a very low risk situation. Yes, the site could shut down at some point (most of us know these are short term ventures) however, there will actually be a PRODUCT which is crypto education and right now, that has some value.
I agree with you on not knowing much about leadership but what drew me or sealed the deal is the low risk for a potentially decent reward.
What is also nice is that on the 1st level, there is no need to recruit in order to earn so people will make a low amount over and over and that is very appealing!
Math is math and gifting schemes are a zero-sum equation. What is gifted to one participant is someone else’s loss.
Math guarantees the majority of gifting scheme participants lose money.
Attaching products to an illegal gifting scheme doesn’t make it legal. Not withstanding you can’t undo fraud already committed.
BitLocity is illegal by design and has been since inception.
“Similar” does not mean “the same”. Oranges and lemons are similar but they are not the same. BitLocity and Qtrex are similar but they are not the same. (Ozedit: derails removed, see below.)
Given the information that I have, I don’t believe that I am being scammed and if I am, since no one can take the knowledge I’ve gained away from me, it’s less of a scam than spending $25 or $50 on some lottery tickets. Just my opinion.
Nobody said they are the same. Qtrex is a Ponzi scheme. BitLocity is a gifting scheme.
Both are scams, both are illegal across the world.
What you believe doesn’t matter. Your opinion doesn’t matter. Facts are facts.
This review is fake as can be, already the amount in his title is false. You can join bitlocity for a yearly fee of $25, then the packages start at $25 and $50. If you ad the blockchain fee’s a person can get started in Bitlocity for as low as $110 Not $200,000.
The owner of this website just uses articles with the keywords SPAM, SCAM etc because of their High Research. Also Inside training did explain us about the facts why during prelaunch this information of who it owns has not been revealed yet.
(Ozedit: spam removed)
$189,700 is what it costs to fully participate in Bitlocity’s gifting pyramid scheme. Straight fact.
Because Bitlocity is an illegal gifting scheme run and promoted by scammers. No need for iNsIdE tRaInInG vIdEoS!
THE PROMISE OF NO RECRUITING IS A BIG LIE.
YOU NEED PEOPLE BOTTOM LINE. MAKING PEOPLE THINK THEY CAN BE LAZY AND NOT RECRUIT.
AND WATCH MONEY FALL FROM THE SKY. YEH RIGHT NUMBERS NEVER LIE.
BUT TO TELL PEOPLE NO RECRUIT TRUST ME YOU WILL SIT THERE IN A BOX ALL ALONE IF YOU DONT RECRUIT.
YOU NEED PEOPLE IN ORDER TO GET PAID.
It amazes me that people are still falling for these in 2021.
It doesn’t matter how many reviews you do and that you are always proven right. People hear what they want to hear.
How is it a scam? Bitcoin is bitcoin. That’s why people are attracted to it.
You get free bitcoin out of the deal. If your losing money just take your bitcoin out, simple.
Because all gifting schemes are scams. One need only look as far as your ridiculous ignorance to see how they are fraudulently marketed.
If new victims are recruited after you, you steal their money.
Once you’ve gifted into a gifting scheme your money is gone. There is no “taking it out”.
Steve Dawson (serial ponzi pimp in the UK) is promoting. Another reason to steer clear.
How’s it a scam? In all gifting schemes some people get money, till nobody gets money.
You will never have 1 + 1 = 9,where is the disconnect?
Stop looking at 1 person in the scheme and say that they took $100 and made $500/$900/$1000. How did the pool get that money to give away?
At least with tradebot scams there’s some illusion of “something” generating money.
A Gifting scheme is literally musical chairs, if you dont keep adding people you’ll run out of chairs and the last guys lose what they put in without getting their money back.
Gifting scams are popular in places where the level of education is lacking because my 10year old will tell you you cant make 3 apples out of 1 apple.
Don’t be a damn fool in this new year, this is a fuckin scam.
The part I don’t understand is this: Who’s actually buying the bitcoin and under who’s name/wallet is the bitcoin being bought?
Reason: Bitcoin is OWNED when it is acquired, right? The owner can transfer it to whomever they want via wallets, right? And with the way bitcoin is setup, there are very little regulations regarding it. Therefore, paying someone in bitcoin – or even SAYING they’re gonna pay you in bitcoin – is not contractually binding, is it?
They can’t say, “…I agree to pay you in 1/3 bitcoin for the work.”, as the work may be worth $11k in cash today (which is a third of a bitcoin).
Tomorrow, the coin could be worth $60k, with a third being $20k in USD.
Point: with something so volatile, how can you contractually be obligated to use it as a unit of commerce if the commerce isn’t agreed upon in dollars? And if it’s agreed upon in dollars, why not just pay in dollars?
It makes no sense, to me. So for all of these people to send their cash to purchase bitcoin THRU someone else, they’re gonna lose a lot of value in the dollars they have, with the bitcoin ending up in someone’s wallet and potentially ever being sent out.
Cash can be tracked, as your bank can say, “…we wired the money here, to this bank under this name.” For bitcoin, once your cash is converted into bitcoin, you may never see it again if YOU aren’t the one making the purchase and placing into your wallet, yourself.
If a person can purchase bitcoin on their own thru the SAME channels in which other people purchase them, why are they willing to trust someone else to purchase the bitcoin on their behalf?
Bitcoin is Bitcoin, and whether I purchase it or someone else does, the only differentiating factor is the TIME/VALUATION based on the market price at the time of purchase.
Sending my money to someone else to make the purchase on my behalf may be the loss of a great opportunity where I can purchase it on the market for really low, able to eventually sell it high…and THAT is the whole point of buying bitcoin, am I right? Buying low and utilizing it (or selling it) when the price is higher.
I can’t claim this is a Ponzi scheme because I just found out about it and I’ve not done a lot of research on it, but the LOGIC behind it all just doesn’t make sense to me yet.
“Buying levels” makes no sense in relation to the value of bitcoin. Buying BITCOIN is what’s important if you wanna be involved in Bitcoin, so that’s all I wanna be concerned with: buying Bitcoin and watching the value rise.
I don’t wanna spend DOLLARS buying various levels of information when I could use that money for investing in the bitcoin I’m interested in getting, anyways.
Paid in bitcoin solely for referring people that wanna be paid in bitcoin. Bitcoin isn’t FREE, so where is it all coming from? Who’s buying it?
Just too many questions that require a “web of excuses and complex situations” to answer.
If you want bitcoin, just BUY some and hope the investment pays off! That’s the shortest way to get from Ponit A to Point B.
In this instance I believe it’s a admin wallet. Alternatively you have a script that coordinates payments between gifting participants.
Bitlocity is a gifting scheme. All gifting schemes are fraudulent.
Admins can do a runner whenever they want. There’s no obligation to do anything because the entire business model is fraudulent.
Bitlocity is a gifting pyramid. I’ve already done the research for you.
You sound like you’re getting hung up on the use of bitcoin. Bitlocity is a gifting scheme. That gifting payments are made in bitcoin is ultimately neither here nor there.
Funny I believed in this fucking bs. Lots toms of money and time in Forsage. Only people making money is the people at the top.
Another magically my $220 or probably more was stollen out of my TokenPocket wallet waiting for bitlocity to launch. Yup I know I’m gonna get shit for this review so I’m gonna delete my subscriptions to both.
Ok so we supposedly own our own spots but admins can kick you out. What does this tell you??
My husband has made more in trading on his own than I did in five months almost and he has only been doing his less than a month.
I feel so sorry for these people who are brainwashed like I was. Nobody is helping me get my Bitcoin back nobody not the 8 figure earners nobody. That’s people you want to do business with?
It’s crazy cuz I was told someone using free WiFi stole my Bitcoin when I had people from the company help me look where it went and that’s where I was told it is.
Someone needs to stop this. The webinars where single mothers are making a million dollars on their insurance money is fake.
Ok cuz I thought this would pay my bills nope only thing it did was put me homeless and almost out on the streets. If it wasn’t for the moritorium I would be out on the streets in the freezing cold w my kids.
Sorry but this is the truth people and unfortunately I have been the victim of fraud and theft. Stop being fucking stupid and use your brains.
Funny most successful people are from Canada!!! Makes perfect sense now.
Don’t invest if you can’t afford the loss!
This is just another money game not to expensive just $50 to start.
It is fun and the odds of winning are higher than with most “legal” lottery games.
There are no odds in a gifting pyramid scheme. You are mathematically guaranteed to lose money unless you scam people.
I think it’s a game of choice. Whether spam or not many will still and are already falling for it.
I think the best is for you to invest what you could afford to lose.
If it’s spam you will see it, but if it’s not spam you will also see it. Seeing is believing… That’s my opinion.
Gifting schemes aren’t games. They’re scams in which the majority of participants are mathematically guaranteed to lose money.
If you were honest nobody would sign up. That’s why scammers such as yourself have to come up with deceptive horseshit to market them.
Bitlocity is a Self Funded System… It does not require people to be continually recruited for btc to be generated.
You start with a $50 investment and never have to spend O”Out of Pocket” ….ever again.
Right. The money you steal just materializes out of thin-air does it?
How badly did you fail math in school?
Well, the way I see it its no different than the 99% doing all the work only for the 1% to reap the wealth and tax breaks. Is this not capitalism? (Ozedit: derail removed)
No it’s cash gifting, which is a scam.
How fucking stupid are you if you can’t tell the difference?
Fuckers like you spewing the “Work is the original Ponzi” shit are bottomfeeders.
Put in the actual work and earn a living, stop leeching off weak-minded people like yourselves to get “passive” incomes.
BitLocity may very well be handled by the same people behind just collapsed Beurax.
check out this link linkedin.com/company/bitlocity
Says Bitlocity, but when you look at it, it’s Beurax, with Bitlocity logo.
That LinkedIn profile was set up by an affiliate, likely in both scams.
If you scroll down to the news feed and check out the links you’ll find an attached affiliate referral code.
I didn’t get scammed and I made and am making money off it so believe what you wanna.
In every gifting scam there are a small group of scumbag thieves and then the majority who lose money.
Thank you for confirming that with respect to Bitlocity, you are in the scumbag thief camp.
RIPP OFF ARTIST!!!
Don’t bother, they ripped off my whole team! Those crooks needs to be investigated and closed down!
It’s a scam they took my money and I never got anything in return it’s been up to 2 months now.