Welcome to my BitSolid review!
Chances are you have been approached by someone or maybe someone messaged you on social media about this company…
Now you are probably wondering…
- Is this company actually legit?
- Is it friendly to first time users?
- Can I make good profits with this company?
In this blog post on BitSolid, I am going to walk you through the company, the products and compensation plan to help you make well-informed business decisions…
So let’s find out if this company is for you!
BitSolid Review – The Company
When you visit the company’s website, there is no information available for the owners or administrators of the company.
I decided to dig around a bit more and further research revealed that the BitSolid website domain was registered privately as “bitsolid.io” on the 5th of September in 2017.
BitSolid Reviews – The Products
BitSolid doesn’t have any services or products for affiliates to buy or sell.
But anyone wanting to sign up as an affiliate with BitSolid can market the company affiliate membership.
If you are looking for companies with actual products, check out my review of The Wealth Network.
The BitSolid Compensation Plan
Affiliates looking to take part in the company compensation plan are required to sign up and invest into the company.
Company affiliates must invest Bitcoin at 0.003 BTC or more, with the agreement of a promoted ROI earned on a daily basis for 90-day period:
The company offers referral commissions that are paid out through 3 levels of sponsorship on invested funds (unilevel):
- Level 1 (personally sponsored affiliates) – 10%
- Level 2 – 3%
- Level 3 – 2%
When affiliates qualify as a Partner, he or she can increase their percentage of referral commissions earned.
Partner affiliates of BitSoild earn the following percentages:
- 15% on level 1
- 5% on level 2 and
- 3% on level 3
The criteria need to qualify for Partner affiliate status is not given, but the marketing copy on the company website hints towards this status being linked to persuading others to invest with the company itself:
To get the higher commission, you need to have the ability to promote and generate clients to our fund in your region through various means.
If company affiliates can persuade others to invest $100,000 or more, those affiliates can apply for private “high-volume partner” rates.
Cost To Join BitSolid
The cost to join BitSolid as an affiliate is free, although those affiliates with the free membership can only earn commissions on referrals.
If affiliates would like to fully participate in the company and the BitSolid MLM income opportunity, they must invest a minimum of 0.003 BTC, plus an additional 4% administration fee.
Verdict on BitSolid
So, now after all the smoke has cleared, I’m ready to give you a straight answer on the question of the legitimacy of this company, and I do not think this company is 100% legit…
The company says the are able to make ROI funds with a:
“Quantitative trading hedge fund that actively invest through algorithmic based trading aided by artificial intelligence within the cryptocurrency market.
BitSolid Capital manages a hedge fund committed to exceptional returns for investors through an actively managed portfolio and algorithmic trading.”
This kind of seems like they got this from another company’s website and just decided to steal it and throw it on their own website…
There is no proof that this company has any kind of artificial intelligence (AI) working on their side or within their company…
The company also alleges that their fund is tied up in the housing market in the Cayman Islands (aka tax-haven) and that last year it achieved close to 800% in ROI.
They also say that this fund has, “fully developed and has been active since 2013,” convinced yet?…
No way, shouldn’t be convinced at all.
This company didn’t even exist until 2017 and it was the latter part of that year in September, so don’t fall for all the numbers a company throws at you.
And another note is that if this company is hitting close to 800% in ROI, why are they asking for random investments from people over the internet?
It seems like their company and their system is ready to go at 800% ROI! (It’s not btw).
The reason the company needs more investors is because newly sponsored affiliates and their investments are the only real money coming into the business.
This source of new affiliate money is what keeps the company going, they’ll take the money and dish it out as ROI payments owed to already existing affiliates, which makes this company a total scam.
And with all scams, once people stop falling for it or become wise to it, they can no longer go on, and then new affiliates will stop showing up with money and their ROIs will disappear.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my BitSolid review and if you have any questions, please leave them in the comments below…
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