Yes My Bitcoin Review: 2% daily cryptocurrency trading ROI?
Yes My Bitcoin provide no information on their website about who owns or runs the business.
The Yes My Bitcoin website domain (“yesmybitcoin.net”) was privately registered on March 5th, 2017.
At the time of publication Alexa estimate that France is the largest source of traffic to the Yes My Bitcoin website (39%). This suggests that whoever is running Yes My Bitcoin might also based out of France.
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.
Yes My Bitcoin Products
Yes My Bitcoin has no retailable products or services, with affiliates only able to market Yes My Bitcoin affiliate membership itself.
The Yes My Bitcoin Compensation Plan
Yes My Bitcoin affiliates invest $10 to $10,000 on the promise of a daily ROI of up to 2%.
- Kickstart – invest $10 and receive a 120% ROI
- Beginner – invest $50 and receive a 125% ROI
- Standard – invest $200 and receive a 130% ROI
- Intermediary – invest $500 and receive a 145% ROI
- Professional – invest $1000 and receive a 160% ROI
- Expert – invest $5000 and receive a 180% ROI
- VIP – invest $10,000 and receive a 200% ROI
A 10% referral commission is paid out on funds invested by personally recruited affiliates.
Note that Yes My Bitcoin affiliates can only withdraw $1000 a day in earned commissions.
Yes My Bitcoin pay residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note that there is no limit to how deep a binary team can grow.
At the end of each day Yes My Bitcoin tally up new investment volume on both sides of the binary team.
An affiliate is paid 10% of funds invested on the side with less volume. Leftover volume on the stronger side is carried over, with the process repeating itself the next day.
Joining Yes My Bitcoin
Yes My Bitcoin affiliate membership is free, however an affiliate must invest $10 to $10,000 to participate in the attached income opportunity.
The ruse behind Yes My Bitcoin’s daily ROI payouts is cryptocurrency trading.
YESMYBITCOIN was founded with the aim of providing the opportunity to generate profits with the Trading of encrypted currencies/bitcoin.
Naturally Yes My Bitcoin provide no proof linking cryptocurrency trading to their ROI payouts.
Even if a token amount of trading was taking place, Yes My Bitcoin still fails the Ponzi logic test.
According to whoever is running Yes My Bitcoin;
Our team of traders has 6 years of experience in the cryptomonney [sic] trading.
With an average of 24% / month since 2014 and 36% / month since last year. The success is guaranteed.
If the “traders” behind Yes My Bitcoin have been earning a 24% ROI since 2014 and 36% since last year, why are they wasting their time soliciting investment from the general public?
Even a modest bank loan returning 24% a month since 2014 could have generated a fortune by now.
As with current trading, there’s also a red flag with the lack of evidence of past trades provided. Surely providing proof of monthly crypto trading since 2014 would be easy enough?
The reality is Yes My Bitcoin need affiliate funds, because all they’re doing is shuffling newly invested funds around to pay off existing investors.
This explains the unsustainable “guaranteed” daily 2% ROI. The rest of the Yes My Bitcoin compensation plan is geared toward affiliate recruitment, adding an additional pyramid layer to the scheme.
As with all Ponzi schemes, once affiliate recruitment dies off so too will the rate of new investment.
This will see Yes My Bitcoin unable to meet their advertised ROI obligations, prompting a collapse. A Ponzi scheme typically profits the admin(s) at the expense of the affiliate-base.
What this means for you is that, while early adopters might make a little money, by and large the majority of the Yes My Bitcoin affiliate-base is going to lose it.