Bitlocity – A Scam or Legit?

computer

Bitlocity   

What is the Bitlocity program all about?

The claim is that Bitlocity is the world’s first all-in-one decentralized technology, educational and rewards program.

If that sounds tecky, be careful and take it all with a grain of salt. Sometimes these companies are not as truthful as they should be. They are not going to tell you that the product is junk, right!

 

Let’s get started:

What is the program called Bitlocity?

According to their website, they are being marketed as the world’s first all-in-one decentralized technology, educational and rewards program.

But, unfortunately that statement is untrue. 

I have seen other similar companies in my online search for products to study and grade.

But, it is a fairly new company having launched in December 2020.

The company’s main objective is to educate about  blockchain technology.

Also, it’s also a platform to serve as a crowdfunding base.

Not sure what crowdfunding is, neither was I. 

According to Wikipedia, “it’s a practice of funding a venture by raising small amounts of money from large numbers of people.”

The Bitlocity program is a gifting system using bitcoins rather than cash. You get a fee if you can recruit people and then pass the money on to the person that recruited you.

What are they selling? Nothing, no retail product or service is involved. The only tangible to offer its members is income opportunity, you can join by investing into this program. 

Bitlocity is just another cash gifting model that is nothing but a pyramid scheme, which is just a scam.

Disclaimer: I am not a member or affiliate of this program.

https://supersuccessfulaffiliate.com/in-2015-the-fede…heir-new-rules-2/

This review consists of information available to everyone online. This is just my own opinion based on my research online.

Making money with Bitlocityscam sign

Here is how their program works:

Bitlocity memberships start at $25.00

Bronze- $25.00

Silver- $50.00

Gold– $75

Platinum- $100

Pearl- $200

Amber- $500

Ruby- $750

Sapphire- $1,000

Emerald- $2,000

Diamond- $5000

Double Diamond-$10,000

Blue Diamond- $20,000

Ambassador- $50,000

Crown Ambassador – $100,000

All payments are made in Bitcoin.

Bitlocity Compensation Plan

When members purchase these different tiers, they earn by recruiting other people.

Bronze and Silver Gifting

This phase is a straight line gifting. After you purchase a tier, a position is created in queue. 100% Bronze or Silver membership out by the next 2 members.

You keep the first $25.00 The second $25,00 is used to fund another member. A second payment creates a new position at the end of the queue.

 

Gold and Higher Levels

When you attain the gold or higher level, you have 3 spots under you to fill. The first 2 go to you and the 3rd one goes to the person that recruited you.

Pricing

You have to pay a membership fee which starts at $25.00 up to $100,000 which is non refundable.

Now you can recruit others into the system in order to maintain your membership.

Gold and Higher Recruitment Payments

Bitlocity: Gold and all higher members are paid to recruiting members, minus a $10.00 admin fee.

Recruitment commissions are generated by fee payment made by member’s third and tenth recruits, which are used to pay the upline. Confused yet. I was!


Bitlocity Pros and Cons

Pros

First of all Bitlocity is not free to join. Plus, I can’t find any Pros about this program.

Cons

  Recruiting is the only way to earn money. So, that makes it a Ponzi scheme. 

And it is illegal in the United States and many other countries to operate a Ponzi scheme.

Your ability to earn any money is very slim.

Definitely a pyramid scheme to stay away from. Take my word for it, don’t get involved.

There isn’t any product involved, you are just recruiting others to part with their hard earned money (Bitcoins).

Because this program is illegal in the U. S. and many other countries, be cautious before you sign on the dotted line.

Looking to start a home based business, than look to affiliate marketing. No inventory to handle, no collecting payments, no handling returns.

Really, it’s the easiest way to get started with your own business without a lot of cash up front.

The rewards are great. Yes, there is a lot of work involved, but anything worth having is worth working for.

My #1 recommendation for earning money on line is WEALTHY AFFILIATE.

Have you heard of Wealthy Affiliate? It is the #1 Affiliate Training program available and you can join for free.

Check out my review of Wealthy Affiliate.

You can join for free to see if it is a good fit for you. Look over the training and see if it might be something that you would enjoy doing.

If you join WA, you will get all the training and help you will ever need. Especially with 2 million members, many willing to help you with and question or problem you might have. It’s a great community, all helping one another to succeed.

Hope to see you on the inside.

Thanks, Deanna. Please leave any comments below and I will get back to you as soon as possible.

supersuccessfulaffiliate.com

 

 




 










4 thoughts on “Bitlocity – A Scam or Legit?”

  1. Nice review, after reading I notice that the program you are reviewing has way too many red flags to join. Especially, the high cost just to join the program. I’m glad that I read your review, it saved lots of time and prevented lots of money from being wasted.

    Thanks for pointing out the clear facts. 👍

    Reply
    • Hi Terence, Thanks for your comments. I hate to give negative reviews, but I hate even more for people to waste their hard earned money. This site is not in existence any more, which is a good thing. Thanks again, Deanna

      Reply
  2. Hi Deanna,

    Nice review. I am also a member of the WA community for the past 5 years. Joining WA has been a turning point in my life as they taught me how to set up a website, how to do proper content writing, facts about affiliate marketing, and much more. From my experience, I think that a program like Bitlocity is not worth it i.e. you cannot make a career out of it, rather if a person wants to start their journey in this field only I would also strongly suggest joining the WA community as it worked very well for me.

    Reply
    • Thank you for your comments. You’re right, so many programs are not worth your attention. 

      Wealthy Affiliate is the real deal. It is well worth the time and money invested. Thanks again, Deanna

      Reply

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