If you’re interested in earning Bitcoin, you may have heard of Bitlocity. But with all the online money-making opportunities out there, it can be tough to know what’s legit and what’s not. That’s where I come in! I love helping people find ways to make money online, and I’ve reviewed tons of programs like Bitlocity over the years.
So, I decided to do some digging and find out if Bitlocity is worth your time and energy. Before we dive in, let me just say that I’m not affiliated with Bitlocity in any way. That means you can trust my review to be completely unbiased.
At the end of this review, I’ll even share a better alternative that’s helped me make a full-time passive income online. But first, let’s take a closer look at Bitlocity.
Table of Contents
What is Bitlocity?
It’s important to know that Bitlocity is a pure pyramid scheme that uses Bitcoin instead of cash. The idea is that you pay a fee to join and then recruit others to join as well. You earn money from the people you recruit, and then you pass some of that money up to the person who recruited you.
The problem with Bitlocity is that it relies solely on recruitment for revenue. This means that when recruitment slows down, there won’t be enough funds to pay everyone, and the scheme will eventually collapse. This is the classic pyramid scheme model, and it’s illegal in many countries, including the United States.
It’s important to note that not all programs that require recruitment are pyramid schemes, but with Bitlocity, there’s no actual product being sold. This is a clear indication that it’s a pyramid scheme.
Using Bitcoin instead of cash doesn’t make Bitlocity any less of a pyramid scheme, and participating in it can actually land you in legal trouble. It’s not worth risking your money or your reputation by recruiting others into a scheme that’s bound to fail. Stay safe and avoid Bitlocity.
How Much Money Can You Make With Bitlocity?
If you’re considering joining Bitlocity, you might be wondering how much money you can make through the platform’s pyramid scheme. We’ll break down the membership levels and compensation structure so you can make an informed decision.
First and foremost, it’s important to note that Bitlocity is a pyramid scheme. The only way to make money is by recruiting others to join the platform. There are no products to sell or services to offer – it’s all about bringing in new members.
Your earning potential is directly tied to your level of membership within Bitlocity. As you climb the ranks, you’ll be eligible for higher commissions and more recruitment slots.
Bronze and Silver Levels
The first two membership levels in Bitlocity are Bronze and Silver. These levels allow you to start recruiting new members. For each person you recruit, you’ll earn a commission, but you’ll also need to “gift” a commission to another Bitlocity affiliate.
Once you pass these levels, you’ll unlock another recruitment slot, giving you the chance to recruit a third person.
Gold and Higher Levels
As you move up to the Gold level or higher, you’ll be responsible for filling three spots below you with new recruits. For the first two people you bring in, you’ll earn a commission. The commission for the third recruit will go to the person who recruited you into Bitlocity.
It’s worth noting that the higher your membership level, the more you’ll be able to earn through Bitlocity’s pyramid scheme. However, keep in mind that this scheme is not sustainable in the long term, and only a small percentage of people at the top of the pyramid make significant profits.
In summary, Bitlocity’s pyramid scheme relies on recruiting new members, and your earnings are tied to your membership level. While it’s possible to make money through this platform, it’s important to approach it with caution and consider the potential risks involved.
Learn more: Legit Ways To Make Money Online
How Much Does Bitlocity Cost?
If you’re interested in joining Bitlocity, you’ll need to have some Bitcoins ready. The good news is that there are plenty of membership levels to choose from, depending on your budget and what you’re looking to get out of the program.
At the lowest end of the spectrum, there’s the Bronze membership, which costs $25. If you’re looking for something a bit more substantial, you might want to consider the Silver membership, which costs $50. The Gold membership is a step up from that, at $75.
As you might expect, the prices continue to climb as you move up the membership ladder. The Platinum membership will set you back $100, while the Pearl membership costs $200. If you’re ready to make a serious investment in Bitlocity, you might want to consider the Ruby membership, which costs $750.
If you’re really committed to the program, you might be interested in the Sapphire membership, which costs $1000. The Emerald membership is even more exclusive, with a price tag of $2000.
At the top end of the spectrum, you have the Diamond membership, which costs a whopping $5000. If you’re ready to go all in, there’s the Double Diamond membership, which costs $10,000. The Blue Diamond membership is even more exclusive, with a price tag of $20,000.
Finally, there are the highest levels of membership: Ambassador and Crown Ambassador. These are truly elite levels of membership, reserved for the most serious and committed investors. The Ambassador membership costs $50,000, while the Crown Ambassador membership costs a staggering $100,000.
Of course, if you wanted to participate in every level of the program, it would cost you $189,000 in total. But for most people, choosing a membership level that fits their budget and their goals is the best way to get started with Bitlocity.
Pros and Cons of Bitlocity
Bitlocity has no pros because it’s not a legitimate business opportunity. In fact, it’s considered a scam by many experts in the industry.
Here are some cons to keep in mind if you’re considering joining Bitlocity.
Bitlocity operates as a pyramid scheme where there is no real product to sell. The only way to earn money is by recruiting new members to join the program. This is illegal in the United States and many other countries.
Bitcoin Doesn’t Change the Law
Bitlocity claims to use Bitcoin instead of cash, but that doesn’t change the fact that it’s still illegal. Bitcoin is not a magic loophole that allows companies to bypass laws and regulations.
Low Chance of Making Money
In a pyramid scheme like Bitlocity, only a select few members at the top of the pyramid make any significant money. The vast majority of members end up losing money when the scheme inevitably collapses.
In summary, Bitlocity is not a legitimate business opportunity. It’s a pyramid scheme that uses Bitcoin to try and mask its illegal activities. Steer clear of Bitlocity and focus on finding real opportunities to earn money.
Is Bitlocity a scam?
Bitlocity is not a legitimate opportunity, and it’s classified as a pyramid scheme in most countries, including the United States.
Despite some claims that Bitlocity is legal because it uses Bitcoin, this is simply not the case. In fact, the Securities and Exchange Commission (SEC) has issued a report confirming that Bitlocity is a fraudulent operation.
If you’re looking to make money online, it’s important to avoid scams like Bitlocity. Instead, you should focus on building a legitimate and sustainable business. One great way to do this is by creating a digital asset that can generate passive income for you.
There are many different strategies you can use to build a digital asset, from creating an e-book or course to starting a blog or podcast. Whatever route you choose, the key is to focus on providing value to your audience and building a loyal following over time.
So, if you’re looking for a way to make money online that’s ethical, legal, and sustainable, skip Bitlocity and start building a digital asset today.
Learn more: Make Money Online Scams: How to Avoid Them?
Is There A Better Alternative to Bitlocity?
If you’re new to the world of online business, affiliate marketing is a great place to start. Not only can you start with almost zero costs, but you can also achieve a steady passive income without the need for paid ads. In affiliate marketing, you make money by helping people, making it a legit business model.
One of the most reputable platforms for affiliate marketing is Wealthy Affiliate. This all-in-one platform teaches you the real secrets of free traffic and helps you build your affiliate marketing business from scratch. With comprehensive training on SEO (free traffic methods), you can get started right away without paying a penny. Wealthy Affiliate even offers a free account, including a free website, so you can start learning and earning.
The success stories of Wealthy Affiliate members speak for themselves. A 21-year-old student was able to earn $7,395 in just one week, using free traffic methods. Wealthy Affiliate has been around for 15 years, and there are many inspiring success stories from its members.
Joining Wealthy Affiliate is simple. There’s a free starter membership with no time limit, so you can test the waters and see if it’s right for you. As a starter member, you’ll get access to the community, live chat, over 500 training modules, two classrooms, networking, commenting, one free website, and access to the keyword tool. All of these values are available without any cost.
So, if you’re looking for a better alternative to Bitlocity, I strongly recommend you register for a free account at Wealthy Affiliate and see it for yourself. It’s a great place to start building your online business and achieving financial freedom.