Bitcoin Golem Review: 9000% ROI in fourteen days?
Bitcoin Golem provide no information on their website about who owns or runs the business.
The Bitcoin Golem website domain (“bitcoingolem.com”) was privately registered on March 23rd, 2017.
A UK incorporation certificate for “Bitcoin Golem Limited” is provided on the company website. Dominic Graham is listed as the sole Director of the company, through an address in London.
Further research reveals the same address is tied to a “Dominic Waters”, listed Director for Lensen Group LTD.
Lensen Group is a Ponzi scheme launched in late 2016. The company solicits investment through plans promising a 110% ROI in ten days.
Despite sharing the same address and first name, the birthdates for Dominic Water and Dominic Graham are different.
Given the fraudulent nature of Lensen Group’s business model, it is highly likely that neither Dominic Water or Dominic Graham exists.
Lensen Group launched and began to collapse after a few months. It appears whoever is running it has now decided to try again with Bitcoin Golem.
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.
Bitcoin Golem Products
Bitcoin Golem has no retailable products or services, with affiliates only able to market Bitcoin Golem affiliate membership itself.
The Bitcoin Golem Compensation Plan
Bitcoin Golem affiliates invest bitcoin on the promise of hourly and fifteen day ROI payouts.
- Hourly Plan – invest 0.01 BTC to 2500 BTC and receive a perpetual 1% hourly ROI
- After Plan – invest 0.05 BTC to 2500 BTC and receive a 9000% ROI after 15 days
- VIP Plan – invest 15 BTC to 2500 BTC and receive a 7000% ROI after 15 days
Referral commissions on invested funds are paid out 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.
Bitcoin Golem cap payable unilevel levels at five, with commissions paid out as a percentage of invested funds as follows:
- level 1 – 5%
- level 2 – 2%
- levels 3 to 5 – 1%
Joining Bitcoin Golem
Bitcoin Golem affiliate membership is free, however full participation requires an investment of between 0.01 to 2500 BTC.
The ruse behind Bitcoin Golem’s 9000% fortnightly ROIs is a fund ‘managed by a team of Bitcoin Golem investment experts‘.
Naturally there’s no proof of this fund or Bitcoin Golem’s purported “experts” existing.
What should be obvious to anyone who’s considering investing in Bitcoin Golem though, is that the company’s business model absolutely fails the Ponzi logic test.
A 9000% fortnightly ROI? If that was even remotely possible, why on Earth would Bitcoin Golem’s anonymous owners be sharing it with randoms over the internet?
Seriously, even a small $100 investment turns into $9000 in fourteen days. That’s how ridiculous Bitcoin Golem’s ROI promises are.
Meanwhile the only verifiable source of revenue entering Bitcoin Golem is affiliate revenue, the use of which to pay affiliate ROIs is Ponzi fraud.
As with all Ponzi schemes, once affiliate recruitment slows down so too will new funds entering the scheme. That will see Bitcoin Golem unable to meet its advertised ROI obligations, prompting a collapse.
This appears to have happened with Lensen Group around late March. The same will happen with Bitcoin Golem.
Ponzi mathematics unfortunately guarantees that the majority of Bitcoin Golem affiliates will lose money.