Multi-Level Marketing (MLM) and cryptocurrency are being sorted after as the prime opportunity to earn money online. People have been looking for websites that allow them to earn in cryptocurrency or at least invest their money in some crypto.
They are also looking for ways to make money by referring their friends to some platform, and earn a commission in return. Bitsolives, through its offerings, caters to the needs of such audiences.
If you are interested in joining Bitsolives or if you want to make money through this opportunity then do so only after reading this review.
What Is Bitsolives?
Bitsolives is an MLM cryptocurrency marketing website, registered and operated from the British Virgin Islands. The website enables the users to sign up on the platform, invest their money, promote their products and earn money.
Users can also use the website’s own cryptocurrency, BUXcoin to deal with crypto exchange. According to the website, users can start earning on the platform as soon as they sign up on the website.
The website also has a mobile app, that allows you to earn on the go. Apart from the earning opportunities, the website also has various utilities like BuxFlix, a crypto wallet and also a travel website – Subhyatra Holidays.
Through BuxFlix, you can enjoy almost every movie and TV series easily.
You can pay for your subscription using the BuxCoins that you can earn on the website itself. Through the crypto wallet, the website allows users to store almost every currency in a safe and secure environment.
Finally, through the travel website, the company allows users to book travel tickets and tour packages, that can be paid through BuxCoins. These utilities make it extremely convenient to use BuxCoins in your everyday life.
A little bit more on Bitolives…
The owner of BitOlives is Mohsin Jameel, and he does not have a good reputation. He has had several companies before and most of them were banned by the Government of Punjab.
He still went ahead and created more similar companies and continues working the same way. In total, he has scammed people and earned about $1.5 billion dollars which are A LOT of money.
This does enforce anyone’s trust in his new company Bitolives and you might want to consider this bit about the program before you get started with investing in something that does not have a great history.
How Does It Work?
To get started, users are required to sign up on the website. According to Bitsolives, users can start earning on the platform as soon as they sign up.
The Bitolives Compensation Plan
The website also has a 20-day Return On Investment Opportunity, where you can earn some great returns within a 20 day period. Here is a detailed return schedule –
Silver: Invest €200 and earn €320 after 20 days.
Gold: Invest €1,000 and earn €2,000 after 20 days.
Platinum: Invest €5,000 and earn €12,000 after 20 days.
Diamond: Invest €10,000 and earn €30,000 after 20 days.
The investments can be made between a range of €200 to €10,000. This provides a great amount of flexibility to the investors.
This is usually pretty dodgy, when someone says that they would take money from you and give you double or triple the amount within a few days then that means you need to double-check the person or organization making these promises.
Referral Commissions
The website also has an MLM affiliate program, with promises of uncapped earning potential. In reality, there is no course or prodcut that you would be promoting under BitOlive, all that you would be doing is promoting the program itself which is a major red flag.
Here is a detailed commission schedule for the same –
Referral invests €200, you earn 6% of the investment.
Referral invests €1,000, you earn 8% of the investment.
Referral invests €5,000, you earn 10% of the investment.
Referral invests €10,000, you earn 10% of the investment.
This allows the users to make huge bucks through their referral network.
Joining Bitolives
Joining Bitolives in itself is a task as you are going to have to invest some money in order to be a member. There are different amounts that you can invest in order to access different levels of membership
1. Silver – €200 EUR
2. Gold – €1000 EUR
3. Platinum – €5000 EUR
4. Diamond – €10,000 EUR
How you make money from your referrals?
This is more like an MLM scheme where you are going to refer two people who go directly below you and then they refer people who would be the third row and the chain and go on.
You are going to earn commissions from people who are going to refer people below them and then you earn the total money from your referrals and the people that your referrals have referred.
The money you make will be dependent on the membership level that you have bought and the amount of money that your members invest in this program.
Pros
1. The website has an app with various utilities, that make the redemption of BuxCoins a very easy task.
2. The referral income is unheard of and can help you make thousands of dollars with just one referral.
3. With their 20 day ROI opportunity, your money can do work for you. You just need to wait for a period of 20 days.
4. There is a great range of investments to choose from. You need not invest a huge amount just to get started.
Cons
1. With the high return promises, things started to get a little suspicious and fishy. All the things mentioned in the Pros are more like something that can happen in your dreams and it barely happens in reality.
2. In order to get started, you are required to shell out at least €200, which is not a small amount in any regard.
3. You are basically spending money in order to make more moeny online and I understand if you were spending it on a course or training but there are no physical products or courses to buy here, you are just giving them money so that you can promote them.
4. The fact that the Owner is pretty good and minting money from people and giving them back makes me want to never think about joining this MLM program.
5. If people got rich by investing money in such programs within a period of 20 days then everyone would be doing it. No one would have to work and
Would I recommend this website to anyone?
NO. Bitolives is a typical MLM program where you are only going to lose money by investing in the program. There is no way you can get rich by investing in such programs because the MLM program is another name for a SCAM.
You might invest your money in training or a course and that would be way better and even more affordable than going to an MLM program. MLM programs make things look really easy but the process is not as easy as it looks.
Most of the people are woke now and they know that MLM programs are scams. Not many people want to invest their money into these either because they have been scammed by MLM’s before or they understand the working of such organizations.
Either way, it is true that MLMs are nothing but a waste of time and money. You can lose more than 1000 Euros on these programs so please think twice before pulling out your credit card at such places.
They are like a downward spiral, once you buy something you think maybe it’s not enough to make money and then you end up incesting more with them until you realize you are never going to make any moeny online.
Conclusion
Bitolives is not a website that I would recommend to anyone. It is better to invest your time and energy into training that would help you make a full-time income online.
I mean, it does take time to do it but atleast it is better than losing money into these MLMs.
I would recommend no one to invest their time and energy in Bitolives as it is not going to help you in any way. You are just going to end up losing money so if you really want to make money online then you should check out my online journey.
When I started online I had very little money to invest and all that I wanted to do was get started with a legit course that would help me make money online.
I was even low on budget and Wealthy Affiliate was probably the best value for money course out there as it comes with a lot of benefits for just $47 a month.
You can give Wealthy Affiliate a try yourself if you are interested in having an online business that would help you earn a full-time income.
The course is beginner-friendly and you can get started for FREE as well since Wealthy Affiliate has a trial membership.
If you go premium in the first week then you get the membership for $19/month which is a nice introductory offer as you are spending less than a dollar to check out the entire training, the benefits and if it is the right place for you or not.
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Apart from the training, you can ask me questions personally through PMs and I would reply to all your questions within 24 hours. You would get my expertise in choosing a niche and how you can make money from your website quickly.
If you have any more questions leave them in the comments below and I would be happy to help!
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