Global Bitcoin Profits Review: Eleven-level deep bitcoin pyramid
Global Bitcoin Profits provide no information on their website about who owns or runs the business.
The Global Bitcoin Profits website domain (“globalbitcoinprofits.com”) was privately registered on February 20th, 2017.
At the time of publication Alexa estimate that Nigeria is the largest source of traffic to the Global Bitcoin Profits website. This suggests that whoever is running Global Bitcoin Profits is likely also based out of Nigeria.
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 Global Bitcoin Profits Product Line
Global Bitcoin Profits has no retailable products or services, with affiliates only able to market Global Bitcoin Profits affiliate membership itself.
The Global Bitcoin Profits Compensation Plan
The Global Bitcoin Profits compensation plan sees new affiliates sign up and pay a 0.015 BTC fee. That fee is used to pay existing Global Bitcoin Profits affiliates 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.
Global Bitcoin Profits cap payable unilevel levels at eleven, with every 0.015 BTC fee paid split across these eleven unilevel levels.
Other than the recruiting affiliate receive 0.005 BTC, the exact amounts paid out across the second to eleven unilevel level are not disclosed.
Joining Global Bitcoin Profits
Global Bitcoin Profits affiliate membership costs 0.015 BTC.
Global Bitcoin Profits is a simple-enough pyramid scheme.
Affiliates sign up, pay a fee and then get paid to recruit others who do the same.
Nothing is marketed to or sold to retail customers and 100% of commission revenue is tied to affiliate recruitment.
Despite the obviously fraudulent nature of Global Bitcoin Profits’ business model, the company insists it’s
a perfectly legal way of making money and has been proven time and time again to be 1000% successful.
The reality is, even in Nigeria, pyramid schemes are illegal.
As with all such schemes, once affiliate recruitment dies down so too will commission payments. This eventual collapse will see the majority of Global Bitcoin Profits lose money.