Welcome to my Raging Bitcoin Review. There has been some vibe about this company called Raging Bitcoin ,so I decided to find out what the company was all about and do some research on the company.
You are probably here because you have heard of Raging Bitcoin and what to find out if it is a legit company or a scam.
Here is a detailed review on the company Raging Bitcoin and I would walk you through the Raging Bitcoin company,the compensation plan,the products and the verdict.
Raging Bitcoin Review – The Company
For some reason Raging Bitcoin has no information on their website on who runs the show or owns the business.
I decided to check out the domain registration on “ragingbitcoin.com” and found out that Raging Bitcoin registered it on May 19th, 2017.
In addition, I found out that Robert Reel was listed as the owner with an address in the state of Indiana, USA.
Last year, it looks like Reel was promoting a company called United Games Marketing which didn’t do as well as people wanted it to…
Anyway, that’s probably why Reel decided to launch Raging Bitcoin.
United Games Marketing was an MLM entity that built up a large amount of hype before its launch, but the company didn’t ever see the success that it was after.
Current Alexa rankings for the United Games Marketing website show that traffic as been at a fairly steady decline throughout all of 2017, and this drop in activity is likely what promoted Reel to leave United Games Marketing and create his own company.
That company is Raging Bitcoin, and here’s everything that it has to offer.
Raging Bitcoin Review – The Products
Raging Bitcoin for some reason has no retail products or services for sale, but you can promote the Raging Bitcoin affiliate membership to others.
All I see on their website is “Send 0.01 BTC to the 6 members above you in the system… Your payment is split between all siz people above in the system. About $20 US”.
Hence it is highly unlikely that an MLM business can exist without any sales activities.
Affiliates who join Raging Bitcoin only get to market its affiliate membership to other people they want to recruit to the business.
Raging Bitcoin Compensation Plan
Basically in the Raging Bitcoin Compensation Plan, affiliates gift bitcoin each other and are paid through a unilevel structure.
If you don’t know what that looks like…
Take a look at this:
Level 1: Personally enrolled members
Level 2: Level 1’s personally enrolled members
Level 3: Level 2’s personally enrolled members
So in Raging Bitcoin, new affiliates sign up and gift 0.01 BTC into this system.
This payment is split between your six upline members which looks like this:
First upline affiliate receives 25% (0.0025 BTC)
Second upline affiliate receives 20% (0.002 BTC)
Third to fifth upline affiliates receive 15% each (0.0015 BTC)
This gifting payment you do qualifies you to receive the same from your downline members:
Level 1 (Personally recruited affiliates) – Receive 0.0025 BTC
Level 2 – Receive 0.002 BTC
Level 3 to 5 – Receive 0.0015 BTC
That payment is then split up between six other affiliates in your upline, and once it’s been sent off to these members, you can then earn gifting payments yourself from other people that join Raging Bitcoin after you.
Cost To Join Raging Bitcoin
The cost to join Raging Bitcoin is a gifting payment of 0.01 BTC in total.
Is Raging Bitcoin Actually Legit Or A Scam?
Raging Bitcoin is actually legit and not a scam.Unlike most other network marketing companies are mostly legit,however it would depend on your lead generation technique,your marketing techniques and ability to recruit to be successful in most network marketing companies.
Verdict On Raging Bitcoin
Raging Bitcoin offers no products or services to the marketplace and all they talk about on their website is how you donate bitcoin to each other.
Not only does this make this company a pyramid scheme, but a gifting scheme at the same time…
Once recruitment slows down, the gifting payments will stop and this company will suffer a complete collapse…
When that happens, majority of the people will lose out while the top few including Robert Reel will make a killing.
Like you’d find with most schemes along these lines, only Robert Reel will earn a substantial amount of cash from Raging Bitcoin. It’s possible that very early adopters of the company will come out on top, but the vast majority of people who get mixed up with this will end up losing money.
Once affiliate recruitment dies down and Raging Bitcoin runs out of money, Reel will get as far away from the company as possible so he can lay low while all of Raging Bitcoin’s affiliates are left to fend for themselves.
I hope you enjoyed this Raging Bitcoin Review and if you have any questions, please leave them in the comments below…