Bitcoin Solve Review: Bittrex Crypto Curruncy LTD?
Bitcoin Solve provide no information on their website about who owns or runs the company.
The Bitcoin Solve website domain (“bitcoinsolve.com”) was registered on October 15th, 2017.
“Bittrex Crypto Curruncy LTD” is listed as the owner, with a bogus address in the US also provided.
This appears to be an attempt to associate Bitcoin Solve with the well-known Bittrex cryptocurrency exchange, albeit an extremely poor one by someone who can’t spell.
The same bogus corporation appears on the footer of the Bitcoin Solve website, with a slightly modified yet equally bogus address.
In another attempt to feign legitimacy, Bitcoin Solve provides an UK incorporation document for “SCURE-Investment Limited”.
Whether this incorporation has anything to do with Bitcoin Solve is unclear.
In any event UK incorporation is dirt cheap and for the most part unregulated. They are a favorite for scammers looking to incorporate dodgy companies.
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 Solve Products
Bitcoin Solve has no retailable products or services, with affiliates only able to market Bitcoin Solve affiliate membership itself.
The Bitcoin Solve Compensation Plan
Bitcoin Solve affiliates invest funds on the promise of an advertised ROI:
- invest $5 to $14,900 and receive a 2% daily ROI for 30 days
- invest $3000 and receive a 3% daily ROI for 20 days
- invest $15,001 to $30,000 and receive a 3% daily ROI for 30 days
- invest $20 and receive a 200% ROI after 35 business days
- invest $50 and receive a 400% ROI after 70 business days
Referral commissions are available on funds invested by downline affiliates, paid out down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 10%
- level 2 – 2%
- level 3 – 1%
If a Bitcoin Rush affiliate opts to be a “representative” of the company, referral rates are increased to:
- level 1 – 20%
- level 2 – 3%
- level 3 – 2%
Representative qualification criteria is not provided.
Joining Bitcoin Rush
Bitcoin Rush affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the Bitcoin Rush MLM opportunity requires a minimum $10 investment.
Despite naming itself after the cryptocurrency, Bitcoin Solve advises that “bitcoin investment” is “coming soon”.
Like the feigned association with Bittrex, Bitcoin Solve’s name appears to be nothing more than an attempt to ride current interest in bitcoin.
Throw in some terrible English (“does a daily profit paid directly to my currency account?”, anonymous owners and ridiculous advertised ROIs, and Bitcoin Solve presents itself as your typical Ponzi scheme.
Bitcoin Solve claim to generate ROI revenue through “investment experts”.
No evidence of any such experts existing or how they generate external ROI revenue is provided.
Furthermore Bitcoin Solve’s claim fails the Ponzi logic test.
If the anonymous owners of the company did indeed have investment experts capable of generating a 400% ROI every 70 days (that’s 2085% annually without compounding), why would they be sharing it with randoms over the internet?
As it stands the only verifiable source of revenue entering Bitcoin Solve is new affiliate investment.
Using newly invested funds to pay off existing investors makes Bitcoin Solve a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment dries up so too will newly invested funds.
This will starve Bitcoin Solve of ROI revenue, eventually triggering a collapse.
The math behind a Ponzi scheme guarantees that when it collapses, the majority of participants lose money.