Lets get to the bottom of things.
There is absolutely no information on the BTC Investments website signifying who owns or runs the business.
The BTC Investments website domain, btcinvestments.co.za, was registered to “BTC Investments” on December 2, 2016.
The South African address used to register the BTC domain, “67 Wessels Str, Johannesburg, Western Cape, 2128”, ZA, has previously been linked to 419 advance fee scams and fake online retailers.
As I’ve said in the past, if an MLM company is not willingly truthful about who is running or owns it, think long and hard about handing over any money.
BTC Investments Product Line
BTC has no retailable products or services whatsoever, with members only capable of marketing BTC Investments membership itself.
BTC Investments Compensation Plan
The BTC Investments compensation plan has members gift bitcoin to each other through a 2×5 matrix.
The 2×5 matrix puts a member at the top of a matrix, with 2 spots directly underneath them.
These 2 spots form the initial level of the matrix. The second level of the matrix is created by dividing each of the first level spots into another two spots each (4 spots).
Levels three to five of the matrix are created in the same manner, with each new level holding twice as many spots as the previous level.
Each level of the matrix is its own cash gifting tier, with a gifting payment required to unlock the level.
Payment of this fee then qualifies a BTC member to receive gifting payments from new and existing BTC members as follows:
- level 1 – gift 0.002 BTC to the member who recruited you and receive 0.002 BTC from two subsequently recruited members.
- level 2 – gift 0.003 BTC to your second level upline and receive 0.003 BTC from four members
- level 3 – gift 0.01 BTC to your third level upline and receive 0.01 BTC from eight members
- level 4 – gift 0.05 BTC to your fourth level upline and receive 0.05 BTC from sixteen members
- level 5 – gift 0.5 BTC to your fifth level upline and receive 0.5 BTC from thirty-two members
A second level upline is the member who recruited the member who recruited you. A third level upline is the member who recruited your second level upline and so on and so forth.
BTC Investments membership is completed by a 0.002 BTC gifting payment to the member who recruited you.
Complete participation in the BTC Investments MLM opportunity costs 0.565 BTC.
BTC – Hot MLM Conclusion
It appears as though the long-time scammers operating out of the Western Cape address have moved on from 419 scams and operating fake retail stores to cash gifting fraud.
BTC Investments is yet another non-remarkable entry into the crowded bitcoin cash gifting MLM underbelly niche.
Members sign up, gift bitcoin to the member who recruited them and proceed to scam money out of those who join after them.
Sitting at the top of the BTC Investments company-wide matrix are the scammers running the show, who through direct payments and pass ups receive the lion’s share of deposited funds.
The rest of the BTC Investments member-base receives what’s left, with the scheme collapsing once new member recruitment dies out.
But then it’s too late to do anything about member losses, with the use of bitcoin as a vehicle for payments adding an extra layer of protection to the BTC Investments administrators.
The end result here will always be the same; you lose your money.