World BTC Review: 1040% ROI 2 year plan bitcoin Ponzi
World BTC provides no (accurate) information on its website about who owns or runs the business.
World BTC claims it is headed up by “Justin Shopen”, however the photo used to represent Shopen is actually Joe Semaan.
On LinkedIn Semaan cites himself as a “sales coach & leadership mentor”. As far as I can tell he doesn’t have anything to do with World BTC.
Considering this, there’s a good chance the rest of the information provided on World BTC’s website is bogus too (the Nevada address for example).
World BTC’s website domain (“worldbtc.pro”) was privately registered on September 10th, 2019.
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.
World BTC’s Products
World BTC has no retailable products or services, with affiliates only able to market World BTC itself.
World BTC’s Compensation Plan
World BTC affiliates invest $100 or more worth of bitcoin, on the promise of an advertised 5% to 10% weekly ROI.
Investment terms are capped at 24 months, during which a 1040% minimum ROI is promised.
Referral commissions on invested funds are paid out down two levels of recruitment (unilevel):
- 3% on level 1 (personally recruited affiliates)
- 1% on level 2
Joining World BTC
World BTC affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $100 investment in bitcoin.
Conclusion
World BTC claims to generate external revenue through the activity of “expert traders”.
No evidence of this is provided, nor any other source of external revenue generation.
This leaves new investment as the sole source of revenue entering World BTC.
Using new investment to pay affiliates weekly returns makes World BTC a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve World BTC of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
I think these people scammed me.
I deposited 100 dlls waited 3 weeks tried to take the “profit” out but havent received anything.
Is 2020 going to be the year of the Ponzi? Not even 4 days in and your entire front page is filled with new and ridiculous ROI promises.
You’ll have your work cut out for you this year Oz 😉
Not much news to cover during Jan and we don’t do bullshit polls like BFH.
Yeah, getting stuck into reader requests from late last year :D.