Is MyBitcointube A Scam Or Big Money Crypto Opportunity?
I’m sure you’re here reading this post because you’re wondering Is MyBitcointube A Scam? Can you make money with this platform? MyBitcointube is an online platform where you can allegedly make hundreds of dollars by watching 60-second videos and recruiting people. I wrote this post to discuss whether MyBitcointube is a scam, and from the start, it looks too good to be true.
In that case, you’ll learn a lot from this brief post. This post will discuss the company, its background information, and red flags to its compensation plan and registration fee will be explained here. You’ll know whether MyBitcointube is genuine after reading this post.
Is MyBitcointube A Scam – Website Summary
- Product: MyBitcointube
- Registration fee: Registration is free, but there is an upgrade fee of $19.95 per month
- Rating: 0/100
- Do I recommend it? Not at all.
MyBitcointube is a fraudulent scheme that allows you to earn money by watching videos and getting commissions by recruiting people to the system. I strongly believe that new recruitment is where most of the money comes from. Therefore, this makes MyBitcointube a Ponzi scheme that is bound to fail since Ponzi schemes always crumble. Moreover, people have been complaining about not getting returns from this company, so the owners will eventually stop their operation and disappear with everyone’s money.
How Does MyBitcointube Work?
Money can be supposedly earned here in two ways, which include:
- Earn Bitcoin when you watch videos
- Earn commissions on the money spent by people you refer to the scheme when they buy ads, upgrade, etc.
No fee is required in the first method. Supposedly, you only need to watch different YouTube videos and get paid. It appears some people are being deceived into paying others to view their videos, thinking they can make money from it. The truth is that you shouldn’t be marketing your YouTube videos to people who have no interest in your videos; instead, you should channel them to potential buyers.
The company claims that you can earn about $200 daily by watching videos, but that’s false, as nobody is earning that much on the platform. The numbers don’t lie, my friends. Since MyBitcointube claims to have 93,301 registered users, if each earned $200 per day, these users would be paid over $18 million daily (half a billion dollars per month).
This is outright nonsense! You and I both know that there’s no way Mybitcointube is paying out over $18 million daily. The other method of earning money is by recruiting people to the company. You receive a 10% commission on all money spent on videos and banner ads by your referrals, including a 20% affiliate commission whenever they upgrade and a free ticket in the Weekly Lottery for each video they watch. This shows that most of the company’s money comes from new investments and recruitment, which implies that MyBitcointube is simply a Ponzi scheme.
What’s The Sign-Up Fee For MyBitcointube?
While there is no sign-up fee for MyBitcointube, you can’t get anything worthwhile from the free account. Watching videos and earning money on a free account is extremely difficult. For example, you’ll be given priority on watching videos if you pay $19.95 every 30 days. You’ll also be allowed to watch the videos allocated to other members who can’t watch them. I think those who pay money get the opportunity to watch videos.
The Owner Is Not Known
When the owner of a company (particularly one that is as sketchy as MyBitcointube) is not revealed by the company, it’s a huge red flag. Reviewing scams is what I do for a living, and I have hundreds of reviews I’ve compiled on various make-money online platforms. The business is a flat-out SCAM in every instance where the owner is hidden or anonymous.
Those behind the operation are usually serial scammers who don’t reveal their identity. People wouldn’t get involved with these companies when they realized who the owners were. That’s the game being played here. I believe this is not the first time the actual owner or owners of this company are running a scam, and it won’t be the last.
You’ll Lose Your Money With Mybitcointube
It’s hard to figure out the location of MyBitcointube because of the owners’ anonymity. According to Alexa, most of the company’s traffic comes from these three countries:
- United States
- India
- Venezuela
The website’s FAQ section contains lousy grammar, meaning it’s not from America. Besides, considering the strict laws against Ponzi schemes in America, it’s only a crazy person who would operate such schemes here. Although scammers don’t usually target their country of residence, it’s possible the owners could be from any of the other two countries.
The company is most likely located in an Asian or Eastern European country. In this business model, new investment and recruitment are the primary ways to bring in revenue, making MyBitcointube a typical Ponzi scheme. Essentially, I’m trying to say that you can’t do anything once such a scheme collapses.
I don’t think the country from which MyBitcointube operates will prosecute them, and it will be impossible for you to sue or track them personally. I wouldn’t even open a free account with MyBitcointube, let alone put any money there! You’ll lose your money – I guarantee it! MyBitcoin tube is similar to other scam crypto MLMs I’ve reviewed on this blog, such as:
Is MyBitcointube A Scam?
Yes, Mybitcointube is a scam. MyBitcointube is a Ponzi scheme. Every single time, Ponzi schemes fail because they are unsustainable, and MyBitcointube is no exception. This explains why they run a referral program and force you to scout for recruits. Even though some people might have made money from this company, especially at the beginning, it won’t stand the test of time because it’s not designed to.
As long as it’s built on getting money from new affiliates, it’s programmed to fail. You’re most likely to lose any money you deposit unless you are the “owner” or one of the few at the top because they got in early. MyBitcointube is not worth your time, even if you create a free account. I would stay away from this soon-to-collapse Ponzi scheme!
If you want to make a life-changing income, the kind that can provide you with a dynamic life filled with wonderful choices, you will have to learn how to leverage the power of the internet.
Warning: The RED Flags of Schemes and Scams Online
These are some of the red flags to watch out for with multi-level marketing companies like Kosmoh. There are many scams online, and you need to know what to look out for so you don’t lose your hard-earned money or valuable time.
- The Company Does NOT Offer A FREE Trial
This is a big one to look out for. Most information products are worthless, and if you could jump directly into those products and “try them out” before investing in them, you would never invest in low-quality substances. That is why they hide behind a payment. If their information is so good, should they not prove it by giving you a taste?
2. Companies That Don’t Clearly Outline Pricing
If you go to a sales page for a product and they don’t disclose the price clearly, you will likely get “duped.” Any legitimate company will offer clarity on pricing and have a pricing page on their website. MANY companies in this industry HIDE their pricing; it is unethical, and it will almost certainly scam you. Also, if the company charges hundreds or even thousands of dollars for their products or for joining their business “opportunity,” it should be of concern.
3. MLM Companies That Use Video Sales Pages / Squeeze Pages
If you visit a “sales page” and the only thing you see on the website is HYPE or promises of a HUGE ROI (return on investment), this will almost certainly be an expensive, overpriced scam. This marketing tactic is used to HIDE pricing and hide the product itself. They typically ask for your email or a small payment, and then you will be put through an extensive and expensive sales funnel.
4. Companies That Don’t Have a High TrustPilot Rating
My Bitcointube has a 4.2 rating on Trustpilot, which is considered great. However, a word of caution: sometimes good reviews don’t tell the whole story about whether a company is REALLY legit. It’s good to read the individual comments to see what others say about their experiences with a particular company. Nonetheless, Trustpilot is where you should get genuine consumer reviews about products/services you plan on buying. If a company doesn’t exist on this website or has a rating lower than 4.5 out of 5 stars, you may not want to get involved with the company at all. Consider companies, businesses, and platforms with GREAT Trustpilot ratings and minimize the prospect of getting scammed and losing hundreds, if not thousands, of dollars.
5. Multi-Level Marketing Companies That Sell “Riches” Without Telling You the Process
If you are being pushed by the idea that you are going to be “rich” or that you’ll be able to “make money in a short period ” without telling you what you will be doing to earn this money (in a specific way), then they are selling the “sizzle”…and chances are there is no “steak” after you make your purchase. Avoid programs these types of programs like the plague.
6. Companies Without an Easy Way to Contact Them
If you don’t have a direct way to contact the company to answer questions about their program, then they are hiding behind something. That is the first clue, and I recommend you test it. If the company has an email address, email it. If you don’t get a response within 48 hours at most, then that is probably the sort of help you can expect in the future.
7. Companies That Don’t Offer Direct Access/Communication with the Owners
Who owns the product? Can you get help and communicate with them directly? If NOT, then this program is more than likely in the business of taking your money. CEOs in the opportunity world who are unwilling to communicate with their customers directly have a “too good for you” mentality, which should be avoided.
8. Companies That Are “Information” Only
If they provide you with “ideas” about creating a business without offering you all the tools, services, and ongoing support you need to succeed online, you will have a tough time succeeding. Many companies charge you for their information and then tell you you must purchase all sorts of stuff to use the techniques taught.
When you consider the above eight points, making money online on platforms like Mybitcointube may not be a business opportunity you want to pursue!
As you can conclude from the above information, online opportunities to make money are only some of what they claim to be. Too often, people put their hope and trust in someone else making money for them instead of learning how to leverage the power of the internet with their online presence. People look for others to rescue them financially when, in reality, YOU have to come to your financial rescue!
However, there is a BETTER OPTION to create your own online business. There is a platform available that will teach you step by step how to build your own online business, an ethical platform whose primary focus is to help everyday people learn how to make money online, a platform where you can immediately have access to individuals who are highly successful with their online businesses. Introducing Wealthy Affiliate, The Industry Leader in the Online Business Space…
- Wealthy Affiliate (or WA for short) Offers a Free Trial
- WA Offers Clear Pricing
- WA Offers a comprehensive website
- WA has a High TrustPilot Rating
- WA is not a get-rich-quick scheme
- WA offers a clear way to contact the company
- You can contact Kyle & Carson directly
- WA offers tools and support
(1) Companies That Don’t Offer a Free Trial.
This is one of the key reasons I want to introduce you to Wealthy Affiliate. You can get a “test drive” to Wealthy Affiliate, but that doesn’t end, and there is NO credit card requirement. This is their Starter membership, including more than any paid product I have seen in this industry. Here are a few things you get with the COMPLETELY FREE Starter membership.
- One Free Profit-Ready Website (Hosting Included)
- Getting Started Training, 10 Full Video Lessons
- 7 Days of Full Mentorship & Expert Help
- Communication Directly with Kyle & Carson (the founders)
- Keyword and Market Research Tools
- The Affiliate Opportunity Platform
- Ability to Network with Millions of Fellow Entrepreneurs
- 100’s of training resources
- And Much More!
(2) Companies That Dont’ Clearly Outline Pricing.
Wealthy Affiliate’s pricing page clearly outlines three available memberships: a Starter membership (FREE), a Premium ($49/month), or a Premium Plus+ ($99/month). There are no upsells, and nothing more complex than this. You are not obligated to upgrade, but if you do decide to, you can run a million-dollar online business utilizing the platform and tools that Wealthy Affiliate offers.
(3) Companies That Use Video Sales Pages / Squeeze Pages.
Wealthy Affiliate offers a comprehensive website where you can learn more about the exact process of building an online business and all of the platforms, technology, and services involved that are offered to you as a member. This includes a thorough outline of WA’s education, hosting, website, domains, community, and success elements.
(4) Companies That Don’t Have a High TrustPilot Rating.
WealthyAffiliate.com has a 4.8 STAR rating on TrustPilot. The owners personally get back to every comment, and this leads to the industry. It is tough to achieve a rating like this in any industry, let alone in the make-money-online niche.
(5) Companies That Sell “Riches”.
One thing you will not hear from Wealthy Affiliate in their training or marketing is “get rich quick.” The reality is that to build a business, you first have to make a solid foundation and understand it. Wealthy Affiliate provides you with the tools, training, and platform you need to create a business of any size online (even million-dollar websites). Still, it would be best if you were realistic about the process. It will take some hard work and dedication.
(6) Companies Without an Easy Way to Contact Them.
You can contact Wealthy Affiliate directly from their website without being a member. They have a contact form, and the owners freely share their email addresses if you need to contact them or have any questions. They are kyle@wealthyaffiliate.com and carson@wealthyaffiliate.com. Feel free to reach them directly if you have questions, and of course, as a member, you are going to have access to them within the community. Which leads me to…
(7) Companies That Don’t Offer Direct Access/Communication with the Owners.
Wealthy Affiliate is the most transparent company in the space and offers you access to Kyle and Carson, the founders, directly within the community. If you want help from them directly, ask. You can even access them for their help and mentorship within the first seven days of the Starter membership…so without paying a dime, you can access both owners directly!
(8) Companies That Are Just “Information”.
Many things are required to build a successful business online, and Wealthy Affiliate includes all of them. To make an online business, you need a website, top-tier hosting, marketing and research tools, ongoing education of the latest marketing strategies, writing tools/platforms, and a way to find the TOP opportunities online. Not to mention support, mentorship, and expertise. These are ALL things that Wealthy Affiliate provides you with any level of membership, equipping you to create, grow, and manage a business of any level online.
No other company in the industry offers a free “test drive,” as they likely don’t have the confidence that someone would purchase a trial. WA gives you access to its platforms, websites, hosting, research tools, community, and support within the free membership…so there is ZERO risk, and you can decide if you ever want to purchase a premium membership.
Leverage The Power Of The Internet So You Can Learn How To Make Money Online
Instead of getting sucked into another questionable “business opportunity” or scam, you should take a look at my “no. 1 recommendation” below. The platform I highly recommend to help you learn how to make money online has everything you need, all in ONE place for one reasonable price.
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Talk Soon,
Howard
