Raging Bitcoin Review: Six-level deep old school bitcoin gifting
Raging Bitcoin provide no information on their website about who owns or runs the business.
The Raging Bitcoin website domain (“ragingbitcoin.com”) was registered on May 19th, 2017. Robert Reel is listed as the owner, with a residential address in the US state of Indiana also provided.
According to Reel’s LinkedIn profile, where he goes by “Robb Reel”, he’s actually based out of Texas. This is presumably where Raging Bitcoin is being operated from.
In between posting an endless parade of motivational and American flag memes on Facebook, last year Reel was promoting United Games Marketing.
United Games Marketing launched with big promises and hype, but ultimately didn’t seem to go anywhere.
Alexa traffic estimates for the United Games Marketing website show a steady decline in interest throughout 2017.
Read on for a full review of the Raging Bitcoin MLM opportunity.
Raging Bitcoin Products
Raging Bitcoin has no retailable products or services, with affiliates only able to market Raging Bitcoin affiliate membership itself.
The Raging Bitcoin Compensation Plan
Raging Bitcoin affiliates gift bitcoin to each other 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.
New Raging Bitcoin affiliates sign up and gift 0.01 BTC into the system.
This payment is split with six upline affiliates, as per their unilevel team:
- the first upline affiliate receives 25% (0.0025 BTC)
- the second upline affiliate receives 20% (0.002 BTC)
- the third to fifth upline affiliates receive 15% each (0.0015 BTC)
Gifting 0.01 BTC into the system qualifies a Raging Bitcoin affiliate to receive gifting payments from their unilevel team downline.
These gifting payments are based on each newly recruited affiliate gifting 0.01 BTC into the system, split in the same manner as the affiliate’s own gifting payment was:
- level 1 (personally recruited affiliates) – receive 0.0025 BTC
- level 2 – receive 0.002 BTC
- levels 3 to 5 – receive 0.0015 BTC
Joining Raging Bitcoin
Raging Bitcoin affiliate membership is tied to a 0.01 BTC gifting payment.
Raging Bitcoin is a throw-back to the old “pyramid letter” gifting schemes, in that it operates in the same way.
You gift money, get a position in a queue and then receive payments from people placed after you in the queue.
The queue in Raging Bitcoin is personalized through the unilevel team, as opposed to a company-wide queue (as used in old school mailing gifting scams).
The more mathematically astute of you might have realized that 25%, 20% and 15% multiplied by three only comes to 90%.
The Raging Bitcoin compensation plan states that affiliates ‘Send 0.01 BTC to the 6 Members above you in the system…’, but doesn’t account for who the sixth affiliate is (the plan only details payments to five upline affiliates).
This coyness likely means it’s Robert Reel receiving the missing 10% through a Raging Bitcoin admin account.
That’s on top of gifting payments made to his admin account(s), sitting at the top of the company-wide unilevel team.
The bottom-line with gifting schemes that set up personal queues is that, unless you’re willing to scam people yourself, you’re not going to make any money.
Once recruitment drops off company-wide, Raging Bitcoin will collapse and the majority of participants lose money.
Florida? I must be looking at a different Linkedin profile, because the one I found seems to be saying Dallas/Fort Worth.
Unfortunately, there are multiple people using the name Robb Reel out there, including two with multiple get rich quick scheme histories.
Geo fail on my part. Forth Worth went in and Florida came out lol.