Want to get rich quick with bitcoin with no work required? Bitcoin Team Profits promises to help you do that through a pyramid scheme. Here’s our review.
What is Bitcoin Team Profits?
Bitcoin Team Profits is a cryptocurrency investment scheme found online at BTCTeamProfits.com. The scheme promises to pay you 122BTC in exchange for a 0.001 BTC investment today. Yes, the scheme claims to let you turn $5 USD into over $500,000.
Obviously, we’ve seen an enormous number of bitcoin pyramid schemes appear online in recent months. All of these schemes work in a virtually identical way: they make enormous promises about their ROIs, convince lots of people to join over a short period of time, and then suddenly shut down when the creator of the pyramid scheme has made enough money.
We have no evidence to suggest that Bitcoin Team Profits is currently paying. However, even if they are paying, these pyramid schemes never last very long.
With that warning in mind, let’s take a closer look at how Bitcoin Team Profits claims to make you rich quick.
How Does Bitcoin Team Profits Work?
Like other ridiculous investment schemes online today, Bitcoin Team Profits uses a pyramid scheme to convince investors it’s a legitimate opportunity. You pay a fee to join the company. Your fee gets passed to the top levels of the pyramid. Then, the only way to make a positive ROI is to convince other people to join the company beneath you. You recruit other people into the scam, and the scam continues until no more people can be recruited. At this point, the scheme collapses and everyone but the top levels will lose their money.
Bitcoin Team Profits has a total of 10 levels of earnings. They call their monthly membership fee a “donation”. You “donate” to the platform, then convince other people to “donate” through your affiliate link or referral ID.
You can start earning by paying a membership fee of 0.001 BTC. However, you’ll need to continue buying more spots if you want to keep earning. Ultimately, Bitcoin Team Profits claims that you will make 122 BTC ($500,000 USD+) every cycle if you build a full team through the platform.
Bitcoin Team Profits also claims to offer 12 hour payouts on a daily basis. You get commission from each of your downlines.
There are no refunds available.
Ultimately, there are no products or services being sold with Bitcoin Team Profits. It’s just a company fueled by membership fees. You’re not paying to access anything: you’re just buying into the bottom level of a pyramid scheme.
Who’s Behind Bitcoin Team Profits?
Bitcoin Team Profits, like most bitcoin scams, refuses to disclose any information about itself online. We know nothing about the management team, the developers, or the location of the company.
Typically, that means the scam is being run by a single scam artist or a small team of individuals. Understandably, these people don’t want to list their names in fear of legal repercussions (pyramid schemes are illegal).
The only information we have about the company is a single email address: [email protected]
The domain was registered on August 19, 2017.
Conclusion: Is Bitcoin Team Profits a Scam?
Bitcoin Team Profits is absolutely a scam. The company has created a pyramid scheme, multilevel marketing scam, or Ponzi scheme – whatever you want to call it. When a company promises to pay you $500,000+ in exchange for a $5 initial investment, it’s a sure sign you’re being scammed.
There are no products or services being sold here. You pay a fee to join the company, and the only way to make a positive ROI is to convince other people to pay that membership fee. The scheme will continue operating until no more members can be recruited, at which point the whole thing will collapse.
Ultimately, we can find no information to suggest that Bitcoin Team Profits is a legitimate opportunity, or that it’s worth your investment. You can decide for yourself today by visiting BTCTeamProfits.com.