Is Raging Bitcoin a Scam? You Bet Your Bottom Bitcoin It Is!
If you are considering investing in Raging Bitcoin to make some easy money online you should seriously reconsider. Why do I say this? Is Raging Bitcoin a scam or something? Yes… it is a scam.
Bitcoin investment sites are one of the “hottest” new scams out there. In this short review I’ll be going over why this site is a scam and why you should not invest in it. There are legitimate bitcoin investment sites online where you can make money (I’ll go over my recommendation at the end) but Raging Bitcoin just isn’t one of them.
Raging Bitcoin Review
- Website: ragingbitcoin.com
- Minimum Investment: 0.01 BTC
- Recommended?: No, more on this
Raging Bitcoin is not a place you can trust and you will see why in this review. They make it seem like its a really good idea to invest in them but it isn’t. Statistically speaking it is a really BAD idea to do so.
To start off this review I’m first going to be covering how this place works and how you can make money.
How It Works
You can call this place an investment site if you want to, but they really aren’t an investment site.
The way you make money on this site is by recruiting new members beneath you. Every member has to invest bitcoin to join. And when you recruit new members you get a commission of that Bitcoin that they invested.
You can earn commissions from new members up to 5 levels deep. This means that you earn from people you personally recruit (1st level), from people that they recruit (2nd level), and so on… up to 5 levels. The commissions you will earn per level are as follows…
- 1st Level – 25%
- 2nd Level – 20%
- 3rd Level – 15%
- 4th Level – 15%
- 5th Level – 15%
So for example, on your first level you will earn 25% of the initial 0.01 BTC investment of the new recruit.
Isn’t This a Pyramid Scheme?
This is WITHOUT A DOUBT A PYRAMID SCHEME. The people that created this site don’t even try to cover it up. It is about as obvious of a pyramid scheme as it gets.
A pure pyramid scheme has no real products. They rely solely on membership buy-in fees for their revenue. Existing members are paid from new members buying in and nothing else. When a new member buys in, their initial investment is distributed among those above them on the pyramid.
This describes Raging Bitcoin exactly. There is no hiding it. This is a pyramid scheme without a doubt.
Why You Should NOT Join
Statistically speaking, the majority of people that get involved in pyramid schemes LOSE money. This is a fact. That’s just the way it is and there is no way around it.
The only people that are going to make money with this pyramid scheme are those that buy in very very early and are at the tippy top of the pyramid. But the overwhelming majority of people that buy in will lose money.
On top of this, another reason why you should not invest in Raging Bitcoin is because what they are doing is absolutely illegal in many countries.
If you do a whois search on the domain ragingbitcoin.com, you will find that it was registered in the United States. And in the US pyramid schemes like this are indeed illegal. What this means is that it could get shut down by the government at any second.
Final Thoughts & What I Recommend
Raging Bitcoin is not a legitimate way to make money online. Sure, you might be able to make some money if you get into the scheme early enough, but you just don’t know. And I don’t think I would even trust this place to pay out even if I did get in early. There is absolutely not information on the people behind this site and it has no credibility.
This site is absolutely doomed and sure to collapse soon.
But like I said, there are ways to make money with Bitcoin. The problem is that because this is such a “hot” new investment, there are a lot of scammers exploiting it. So you just have to be careful with programs like this. There are a lot of similar scams out there, one of the more popular ones being Gladia Coin.
If you want to make money investing in Bitcoin then I would suggest that you go here. This is a program that I got started in just a few weeks ago and I have been able to generate money doing nothing really, other than investing in Bitcoin initially.
Comments, questions, concerns?? Leave them in the comment section below and I’ll get back to you…