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Title: Is MLM ideal for bitcoin? Post by: lixiaolai on April 24, 2013, 02:11:31 PM Is Multi-Level Marketing ideal for bitcoin?
I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? Title: Re: Is MLM ideal for bitcoin? Post by: John (John K.) on April 24, 2013, 02:26:30 PM Is Multi-Level Marketing ideal for bitcoin? Because most MLM's turn out to be scams - especially those that accept anonymous currencies like LR or BTC.I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? Title: Re: Is MLM ideal for bitcoin? Post by: lixiaolai on April 24, 2013, 02:36:08 PM Because most MLM's turn out to be scams - especially those that accept anonymous currencies like LR or BTC. is there any previous example? Title: Re: Is MLM ideal for bitcoin? Post by: crazy_rabbit on April 24, 2013, 03:02:07 PM Because most MLM's turn out to be scams - especially those that accept anonymous currencies like LR or BTC. is there any previous example? Everyone always welcome to be the first sucker. (although yes there have been others) Title: Re: Is MLM ideal for bitcoin? Post by: cbeast on April 24, 2013, 03:07:50 PM I've thought about starting a wiki of how to run MLM style Bitcoin parties at home. If you have all the educational materials you need, it would be easy to sell them. There are already cash for gold parties like this.
Title: Re: Is MLM ideal for bitcoin? Post by: herzmeister on April 24, 2013, 04:06:38 PM Title: Re: Is MLM ideal for bitcoin? Post by: sunnankar on April 24, 2013, 04:11:59 PM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? Yes, BTC is ideal for most of the MLM companies. There are some scammy ones in the space but there are also some legit ones like Herbalife (HLF - $3.8B market cap) and NuSkin (NUS - $2.9B market cap) which are both publicly traded and do $4B and $2B in gross sales annually. If you read their annual reports then you will understand that they are very large multi-nationals. One of the largest issues they have is making and receiving payments among their distributors or associates. One reason for this is because a distributor in Brazil may signup another one in Japan who signs up on in Australia. When the customer in Australia orders product then the ones in Japan and Brazil both earn a commission. Additionally, one of the main reasons these companies do not move into other countries is because credit cards are not widely used there so they have problems receiving payments. Remember, Paypal and credit cards are mostly only in about 60 countries. So, there are huge untapped markets that Bitcoin could unlock. For these MLM companies Bitcoin could open new markets, lower fees, reduce exchange rate uncertainty and greatly reduce other costs. So, yes, it is a very ideal currency and payment system for these MLM companies. Title: Re: Is MLM ideal for bitcoin? Post by: yuzhe on April 24, 2013, 04:12:53 PM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? There were quite a few, google pirateat40 :) Affiliate marketing is equivalent of real world MLM (where some actual product is offered, otherwise its just a ponzi). Of course it's obnoxious and spammy, but hey, it works wonders for gambling stuff like bitvegas. Title: Re: Is MLM ideal for bitcoin? Post by: csw on April 24, 2013, 05:56:09 PM MLM = Many Lose Money
Title: Re: Is MLM ideal for bitcoin? Post by: EndTheFed321 on April 24, 2013, 06:32:06 PM MLM = Many Lose Money Not all, I Know of a global loyalty rewards program (some say it`s MLM some say it is not) dedicated to providing a rewarding and mutually beneficial relationship between their unparalleled community of international shoppers and merchants. A free membership provides shoppers with exclusive benefits from online shopping, gift card purchases, the cash back card and mobile cash back with over 29,000 merchants at more than 150,000 locations! and growing as I type. You can use btc through Dwoalla “Cash back with every purchase” is the motto. With thousands of local, regional and international merchants and millions of members in more than 40 countries, this company has become the premiere global shopping community and loyalty program! Shoppers enjoy four ways to shop and earn cash back – online, in-store with their company Cashback card, with merchant gift cards and via their smartphones. The loyalty program is built on creating lasting relationships that benefit the merchants and members. As the shopping community grows, the merchants receive more sales, and in turn, they can provide increased rewards. With loyalty, everyone wins! Now if I could only get corporate to accept btc that would be a game changer ;) Title: Re: Is MLM ideal for bitcoin? Post by: Stephen Gornick on April 24, 2013, 11:54:31 PM A free membership provides shoppers with exclusive benefits from online shopping, gift card purchases, From another thread: Comments please good or bad idea? I've done this transaction (sold bitcoins, withdrew Dwolla and used the funds to buy a gift card through Lyoness.us), and it worked fantastically. The shipping and handling (S&H) for the card(s) is a $5 per order unless purchasing $300 or more of gift cards in which case the S&H is waived. The order is sent FedEx. So this is a 1:1 cash-out method. You send $300 Dwolla USD you get $300 worth of gift cards in the mail. The only cost in that instance is the $0.25 Dwolla per-transaction fee* [...] But remember, because this is using Dwolla to fund you can cash out at an exchange that uses Dwolla and this method does not require any withdrawal to a bank account. Anyone in the U.S. can sign up for Dwolla. You do not need to link a bank account to Dwolla to use this. Title: Re: Is MLM ideal for bitcoin? Post by: Stephen Gornick on April 24, 2013, 11:57:58 PM I've thought about starting a wiki of how to run MLM style Bitcoin parties at home. If you have all the educational materials you need, it would be easy to sell them. There are already cash for gold parties like this. What is being sold that would be an incentive to offer a party? There's no residual income. Title: Re: Is MLM ideal for bitcoin? Post by: cbeast on April 25, 2013, 01:42:33 AM I've thought about starting a wiki of how to run MLM style Bitcoin parties at home. If you have all the educational materials you need, it would be easy to sell them. There are already cash for gold parties like this. What is being sold that would be an incentive to offer a party? There's no residual income. Title: Re: Is MLM ideal for bitcoin? What is the link? Post by: mobile4ever on April 25, 2013, 02:01:01 AM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? MLM depends on who is running it. What is the link to their site? Title: Re: Is MLM ideal for bitcoin? What is the link? Post by: lixiaolai on April 25, 2013, 05:10:11 AM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? MLM depends on who is running it. What is the link to their site? https://btcmlm.com I personally think they're promising. Title: Re: Is MLM ideal for bitcoin? What is the link? Post by: John (John K.) on April 25, 2013, 05:12:33 AM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? MLM depends on who is running it. What is the link to their site? https://btcmlm.org I personally think they're promising. If I'm not wrong, I've banned some of their owners here for spamming this site everywhere. Title: Re: Is MLM ideal for bitcoin? Post by: repentance on April 25, 2013, 05:48:40 AM MLM parties are not big money makers. They are social events. Sell a little over spot. Sell materials for and teach how to secure your wallets. Make up for small margins with volume. Talk about what you've learned. Have fun. It's not true MLM unless higher ups are receiving commissions on the sales of people down-line. I'm not trying to discourage the idea of Bitcoin parties, just be careful about promoting the concept as MLM if it's not because MLM has a pretty shitty reputation in general and you don't want to attach that baggage to yourself without reason. Title: Re: Is MLM ideal for bitcoin? Post by: cbeast on April 25, 2013, 06:10:14 AM MLM parties are not big money makers. They are social events. Sell a little over spot. Sell materials for and teach how to secure your wallets. Make up for small margins with volume. Talk about what you've learned. Have fun. It's not true MLM unless higher ups are receiving commissions on the sales of people down-line. I'm not trying to discourage the idea of Bitcoin parties, just be careful about promoting the concept as MLM if it's not because MLM has a pretty shitty reputation in general and you don't want to attach that baggage to yourself without reason. Title: Re: Is MLM ideal for bitcoin? What is the link? Post by: lixiaolai on April 25, 2013, 08:36:17 AM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? MLM depends on who is running it. What is the link to their site? https://btcmlm.org I personally think they're promising. If I'm not wrong, I've banned some of their owners here for spamming this site everywhere. I saw the posts before you deleted... therefore I noticed and have been thinking whether join them... Title: Re: Is MLM ideal for bitcoin? Post by: Matthew N. Wright on April 25, 2013, 08:37:42 AM MLMs are ponzi schemes. Bitcoin's most popular activity in 2011 were ponzi schemes. The question isn't "Is MLM ideal for bitcoin", as that's a "duh". It's "is there still a chance anyone in bitcoin isn't tired of ponzis?" and that answer is also "duh". Take a look at the lending subforum for proof.
Title: Re: Is MLM ideal for bitcoin? Post by: lixiaolai on April 25, 2013, 08:53:23 AM MLMs are ponzi schemes. Bitcoin's most popular activity in 2011 were ponzi schemes. The question isn't "Is MLM ideal for bitcoin", as that's a "duh". It's "is there still a chance anyone in bitcoin isn't tired of ponzis?" and that answer is also "duh". Take a look at the lending subforum for proof. I beg to differ... MLM and Ponzi Scheme are not the same thing, there're still some fundamental differences between them. Taking MLM as Ponzi Scheme is somewhat like taking Bitcoin as Ponzi Scheme, focusing too much on minor similarities while neglecting obvious differences. Title: Re: Is MLM ideal for bitcoin? Post by: Matthew N. Wright on April 25, 2013, 09:27:01 AM MLMs are ponzi schemes. Bitcoin's most popular activity in 2011 were ponzi schemes. The question isn't "Is MLM ideal for bitcoin", as that's a "duh". It's "is there still a chance anyone in bitcoin isn't tired of ponzis?" and that answer is also "duh". Take a look at the lending subforum for proof. I beg to differ... MLM and Ponzi Scheme are not the same thing, there're still some fundamental differences between them. Taking MLM as Ponzi Scheme is somewhat like taking Bitcoin as Ponzi Scheme, focusing too much on minor similarities while neglecting obvious differences. Pyramid scheme. Not ponzi scheme, sorry. Title: Re: Is MLM ideal for bitcoin? What is the link? Post by: mobile4ever on April 25, 2013, 01:27:13 PM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? MLM depends on who is running it. What is the link to their site? https://btcmlm.org I personally think they're promising. Thanks... if they arent promising, it should at least be interesting. :) Are they offline? (They look pretty spammy https://bitcointalk.org/index.php?topic=179893.0 ) and https://bitcointalk.org/index.php?topic=179560.0 Title: Re: Is MLM ideal for bitcoin? Post by: ruggedman_dan on April 25, 2013, 03:27:58 PM MLMs are ponzi schemes. Bitcoin's most popular activity in 2011 were ponzi schemes. The question isn't "Is MLM ideal for bitcoin", as that's a "duh". It's "is there still a chance anyone in bitcoin isn't tired of ponzis?" and that answer is also "duh". Take a look at the lending subforum for proof. I beg to differ... MLM and Ponzi Scheme are not the same thing, there're still some fundamental differences between them. Taking MLM as Ponzi Scheme is somewhat like taking Bitcoin as Ponzi Scheme, focusing too much on minor similarities while neglecting obvious differences. Pyramid scheme. Not ponzi scheme, sorry. I LOL when people categorize MLM's as pyramid schemes. Do you realize MOST businesses are pyramid schemes? What's wrong with a pyramid? It is simply the word scheme that gets a bad rep. CEO President(s) Vice Presidents Regional Managers Middle Management Regular Old Employees Plug that into a pyramid if you'd like. There are people who have made millions from legit MLM business. I just hate to see the good ones get lumped together with the real scams. Title: Re: Is MLM ideal for bitcoin? Post by: Matthew N. Wright on April 25, 2013, 03:32:00 PM There are people who have made millions from legit MLM business. I just hate to see the good ones get lumped together with the real scams. Okay, fair enough. I'll just ask then:What are those legit businesses? Title: Re: Is MLM ideal for bitcoin? Post by: lixiaolai on April 25, 2013, 04:24:47 PM Why do I think MLM with Bitcoin is viable?
Am I missing anything? Title: Re: Is MLM ideal for bitcoin? Post by: lixiaolai on April 25, 2013, 04:30:08 PM There are people who have made millions from legit MLM business. I just hate to see the good ones get lumped together with the real scams. Okay, fair enough. I'll just ask then:What are those legit businesses? Wikipedia excerpt: Quote The Direct Selling Association, a lobbying group for the multi-level marketing industry, reported that in 1990 twenty-five percent of members used MLM, growing to 77.3 percent in 1999.[17] Companies such as Avon, Electrolux, Tupperware,[18] and Kirby all originally used single level marketing to sell their goods and later introduced multi-level compensation plans.[19] By 2009, 94.2% of members were using MLM, accounting for 99.6% of sellers, and 97.1% of sales.[20] The DSA has approximately 200 members [21] while it is estimated there are over 1,000 firms using multi-level marketing in the United States alone.[22] https://en.wikipedia.org/wiki/Multi-level_marketing Title: Re: Is MLM ideal for bitcoin? Post by: Matthew N. Wright on April 25, 2013, 04:32:35 PM There are people who have made millions from legit MLM business. I just hate to see the good ones get lumped together with the real scams. Okay, fair enough. I'll just ask then:What are those legit businesses? Wikipedia excerpt: Quote The Direct Selling Association, a lobbying group for the multi-level marketing industry, reported that in 1990 twenty-five percent of members used MLM, growing to 77.3 percent in 1999.[17] Companies such as Avon, Electrolux, Tupperware,[18] and Kirby all originally used single level marketing to sell their goods and later introduced multi-level compensation plans.[19] By 2009, 94.2% of members were using MLM, accounting for 99.6% of sellers, and 97.1% of sales.[20] The DSA has approximately 200 members [21] while it is estimated there are over 1,000 firms using multi-level marketing in the United States alone.[22] https://en.wikipedia.org/wiki/Multi-level_marketing Title: Re: Is MLM ideal for bitcoin? Post by: lixiaolai on April 25, 2013, 04:36:57 PM There are people who have made millions from legit MLM business. I just hate to see the good ones get lumped together with the real scams. Okay, fair enough. I'll just ask then:What are those legit businesses? Wikipedia excerpt: Quote The Direct Selling Association, a lobbying group for the multi-level marketing industry, reported that in 1990 twenty-five percent of members used MLM, growing to 77.3 percent in 1999.[17] Companies such as Avon, Electrolux, Tupperware,[18] and Kirby all originally used single level marketing to sell their goods and later introduced multi-level compensation plans.[19] By 2009, 94.2% of members were using MLM, accounting for 99.6% of sellers, and 97.1% of sales.[20] The DSA has approximately 200 members [21] while it is estimated there are over 1,000 firms using multi-level marketing in the United States alone.[22] https://en.wikipedia.org/wiki/Multi-level_marketing At the extreme of the spectrum, an MLM selling nothing but trying to profit only through recruiting new members, is pretty much the same as Ponzi Scheme. Title: Re: Is MLM ideal for bitcoin? Post by: ruggedman_dan on April 25, 2013, 06:45:45 PM ^ Right.
There are definitely some fraudulent MLM businesses that do exist and only profit when new members join. Most MLM businesses DO reward you for building a sales team, but they are indeed selling an actual product or service. To answer Matthew from eariler... I personally know and have met some people who have made $1 Million plus with LegalShield. Also I know Mary Kay has created some millionaires. I'm sure Amway has too. In fact, the Orlando Magic play in the Amway Arena (or Amway Center). Title: Re: Is MLM ideal for bitcoin? Post by: bitcoinminer on April 25, 2013, 06:55:32 PM MLM and Pyramid Schemes are fundamentally different from Ponzi Schemes in the following way:
Charles Ponzi occasionally paid out money to investors to keep the idea going that it wasn't a scam :) Title: Re: Is MLM ideal for bitcoin? Post by: csw on April 25, 2013, 10:25:53 PM MLM and Pyramid schemes are already illegal in some countries, too many people got burned! and yes there's always the story about the guy that earned a fortune, but at what cost, how many thousand people lost money buying high priced products that could be bought cheaper elsewhere, or worst, they buy stuff they don't even need, just to earn the "commission" later, also how many friendships ruined and family problems caused by MLM schemes, i saw people losing money (bad) and losing friends (even worst) after they recommended it to someone else... just my 2 cents.
Title: Re: Is MLM ideal for bitcoin? What is the link? Post by: lixiaolai on April 26, 2013, 02:08:39 AM If I'm not wrong, I've banned some of their owners here for spamming this site everywhere. The owner of btcmlm asked me to contact you, and he wants to know what he should do to recover his bitcointalk.org account. He said, I quote: Quote I didn't mean to spam. I newly registered an account, but was restricted to local forums, and I posted some to satisfy 4-hour login time... I don't want to register a new account, I was trying to contact moderator, but no reply. I also want to bid an advertisement in the forum, I'll obey all the rules... Title: Re: Is MLM ideal for bitcoin? So what happened to his site? Post by: mobile4ever on April 26, 2013, 02:59:23 AM If I'm not wrong, I've banned some of their owners here for spamming this site everywhere. The owner of btcmlm asked me to contact you, and he wants to know what he should do to recover his bitcointalk.org account. He said, I quote: What happened to his site, the btcmlm dot org? Title: Re: Is MLM ideal for bitcoin? So what happened to his site? Post by: lixiaolai on April 26, 2013, 03:50:24 AM If I'm not wrong, I've banned some of their owners here for spamming this site everywhere. The owner of btcmlm asked me to contact you, and he wants to know what he should do to recover his bitcointalk.org account. He said, I quote: What happened to his site, the btcmlm dot org? I've just got his reply. He is hesitating which to put into main domain, btcmlm.org or btcmlm.com; the site is now on btcmlm.com; but btcmlm.org is still offline. Title: Re: Is MLM ideal for bitcoin? What is the product? Post by: mobile4ever on April 26, 2013, 01:39:08 PM If I'm not wrong, I've banned some of their owners here for spamming this site everywhere. The owner of btcmlm asked me to contact you, and he wants to know what he should do to recover his bitcointalk.org account. He said, I quote: What happened to his site, the btcmlm dot org? I've just got his reply. He is hesitating which to put into main domain, btcmlm.org or btcmlm.com; the site is now on btcmlm.com; but btcmlm.org is still offline. What are the products they are promoting? ___________________________________________________________________ They have this: Compensations A Level 1 member will get 30% of compensation from his or her own selling and recruiting immediately after the payment is confirmed. Besides 30% of compensation from his or her own selling and recruiting, a level 2 member will also get 5% of compensation from the selling and recruiting of his or her 2nd level downlines. Besides 30% of compensation from his or her own selling and recruiting, a level 3 member will also get 5% of compensation from the selling and recruiting of his or her 2nd level downlines, and 5% from those of 3rd level downlines. ...... Besides 30% of compensation from his or her own selling and recruiting, a level 11 member will also get 5% of compensation from the selling and recruiting of his or her 2nd level to 11th level downlines. Title: Re: Is MLM ideal for bitcoin? What is the product? Post by: lixiaolai on April 26, 2013, 02:14:44 PM If I'm not wrong, I've banned some of their owners here for spamming this site everywhere. The owner of btcmlm asked me to contact you, and he wants to know what he should do to recover his bitcointalk.org account. He said, I quote: What happened to his site, the btcmlm dot org? I've just got his reply. He is hesitating which to put into main domain, btcmlm.org or btcmlm.com; the site is now on btcmlm.com; but btcmlm.org is still offline. What are the products they are promoting? ___________________________________________________________________ They have this: Compensations A Level 1 member will get 30% of compensation from his or her own selling and recruiting immediately after the payment is confirmed. Besides 30% of compensation from his or her own selling and recruiting, a level 2 member will also get 5% of compensation from the selling and recruiting of his or her 2nd level downlines. Besides 30% of compensation from his or her own selling and recruiting, a level 3 member will also get 5% of compensation from the selling and recruiting of his or her 2nd level downlines, and 5% from those of 3rd level downlines. ...... Besides 30% of compensation from his or her own selling and recruiting, a level 11 member will also get 5% of compensation from the selling and recruiting of his or her 2nd level to 11th level downlines. I focused on this: Quote BTCMLM Development Stages Stage 1: Open registration BTCMLM will only release 21 initial invitations, and that’s all. No initial invitation will ever be added within one year. After that, BTCMLM will release only 12 more invitations each year. Everyone interested in joining BTCMLM, should have valid invitation code to register successfully. Commissions will be sent according to systematic calculation every 24 hours. (GTM00:00) (See detail commission plan) Stage 2: Open APIs After BTCMLM has more than 2,100 registered members, we’ll release BTCMLM APIs to the public, by which developers can sell their own virtual products or services through the formidable BTCMLM sales force. At the same time, BTCMLM will exhaust every possibility of cooperating with online companies who have already accepted BTC as regular payment, and sell their virtual products and services. And, this means members of BTCMLM will have an endless stream of virtual products and services to sell, which means continuous profiting possibilities. Stage 3: Go IPO in the Bitcoin community After BTCMLM has more than 21,000 registered members, BTCMLM will sell 10% shares to the public, and the first 21,000 members of MLM have preferential rights to buy the shares. BTCMLM will always publish its revenue book in real time after its initial launching. Title: Re: Is MLM ideal for bitcoin? Post by: greyhawk on April 26, 2013, 02:18:16 PM That's a string of nonsense. In essence there is no product.
Title: Re: Is MLM ideal for bitcoin? Post by: bitcoinminer on April 26, 2013, 02:49:32 PM That's a string of nonsense. In essence there is no product. http://www.polishtheconsole.com/wp-content/uploads/2011/10/shut-up-and-take-my-money.jpg Title: Re: Is MLM ideal for bitcoin? Post by: lixiaolai on April 26, 2013, 02:51:23 PM That's a string of nonsense. In essence there is no product. Hope they'll sell some products soon, or else I'll hold a same opinion as yours.Title: Re: Is MLM ideal for bitcoin? Post by: bitcoinminer on April 26, 2013, 03:08:38 PM I'm a Level 3 Thetan, what's my payout percentage?
Title: Re: Is MLM ideal for bitcoin? Post by: Bitcoinera.net on September 15, 2013, 06:50:40 PM If anyone is interested in joining a MLM for bitcoin where no initial investment is needed, check out:
https://bitcoinera.net/ You can earn bitcoins just by putting your referral link in your signature on the forum! Title: Re: Is MLM ideal for bitcoin? Post by: kbroadfoot on September 16, 2013, 12:06:15 PM This looks more legit... It is basically a Bitcoin Wallet that pays interest.
Then there is an affiliate marketing aspect to it... Coinbase paid 0.1 BTC to affiliate them for awhile... This company apparently, instead of simply paying for leads, is paying percents of future lead earnings... It could not hurt to try for some small amounts.. Here is my link: https://bitcoinera.net/?ref=kbroadfoot Title: Re: Is MLM ideal for bitcoin? Post by: kbroadfoot on September 16, 2013, 12:08:33 PM Also this question: "Is MLM ideal for bitcoin?" Is being asked wrong.
The question should be: "Is bitcoin ideal for MLM?" <<<< This answer is yes. Bitcoin is ideal for quite a lot of things... Title: Re: Is MLM ideal for bitcoin? Post by: Ron~Popeil on July 05, 2014, 05:55:49 AM Run from any MLM business no matter what currency they use. The people at the top get rich on the labor and money of their new recruits. I have never seen one that actually worked for people other than those at the top. Once the cult speak wears off people are left with broken dreams and empty wallets.
Title: Re: Is MLM ideal for bitcoin? Post by: Denise520 on July 05, 2014, 09:11:16 AM In my opinion, the question is not"Is MLM ideal for bitcoin? ", but the usage of Bitcoin. Only encouraging the use of Bitcoin through a series of markeing strategies that involves advertising, promoting, and as payment, it can be developled well.
Title: Re: Is MLM ideal for bitcoin? Post by: Nerazzura on July 05, 2014, 09:26:41 AM Is Multi-Level Marketing ideal for bitcoin? I think it is not good idea. as we know, the price of bitcoin is not as stable as money. if it later when your business goes down then the price of bitcoin. surely you will lose. and one by one the members left the business. and businesses will be closed. If you still want to follow that you should first exchange BTC you. ..I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? just a suggestion :) Title: Re: Is MLM ideal for bitcoin? Post by: blatchcorn on July 05, 2014, 10:07:24 AM It would obviously harm Bitcoin's reputation, but it is only a matter of time before it happens
Title: Re: Is MLM ideal for bitcoin? Post by: notbatman on July 05, 2014, 11:57:48 AM Quote from: Jim Wang at bargaineering.com 1. Focus is More on Recruiting than Selling One of the first things to watch out for is a focus on recruiting rather than selling. If you are being recruited in order to recruit more people of your own, rather than actually focus on selling the product, that might be a red flag. Consider whether or not there is a lot of focus on getting you to recruit more “team members,” instead of focus on acquiring customers. If the recruits are the customers, that could be a red flag. 2. Poor Training What sort of training and support do you receive? How are your questions answered? If you are asking tough questions, and they are deflected with homilies on positive thinking, you could be looking at a MLM scam. Also, consider the training situation. Are you provided with actual business techniques and support? If the training consists of how to convince recruits, or tips on selling to friends and family, your “home business opportunity” might actually be a work at home scam. 3. Pressure to Pay for More Are you being pressured to pay for more product? You might be asked to join a “fast track” or become “elite” by purchasing a great deal of inventory all at once. Or, you might be pressured into buying an expensive business package in order to get the business support you need. If you are asked to pay for extra training (beyond attending an annual conference or convention) on a regular basis, or if you are asked to pay for basic office supplies, you might be in trouble. Be especially wary of those that ask you to put your costs on a credit card, or encourage you to take a home equity loan or line of credit to pay for this “business investment.” 4. Sales Tactics Brought to Bear on You Do you feel as though you are the subject of a high-pressure sale when you talk to the MLM representative? You might be told that you have to make a decision right now in order to get a good deal on the initial kit, or to buy in at a “special” price, it could be a scam. Most legitimate companies allow you to talk it over with your family, or sleep on your decision. 5. Seems Too Good To Be True As with everything in life and in purchases, you need it to pass the too good to be true “smell test.” Are the claims about the product outrageous and hard to really prove? Is there are a lot enthusiasm about the “amazing” program, without much to back it up? Watch out for anything that seems too good to be true. Chances are that it’s actually a scam. Title: Re: Is MLM ideal for bitcoin? Post by: Nerazzura on July 05, 2014, 02:05:47 PM It would obviously harm Bitcoin's reputation, but it is only a matter of time before it happens no .. it will not damage the reputation of bitcoin. although it would be a scam business will, which is blamed for his business. bitcoin there only as a means of payment. Unlike other businesses that use real money. although the business will be a scam, but it will not damage the reputation of the money :)Title: Re: Is MLM ideal for bitcoin? Post by: blatchcorn on July 05, 2014, 04:32:03 PM It would obviously harm Bitcoin's reputation, but it is only a matter of time before it happens no .. it will not damage the reputation of bitcoin. although it would be a scam business will, which is blamed for his business. bitcoin there only as a means of payment. Unlike other businesses that use real money. although the business will be a scam, but it will not damage the reputation of the money :)Title: Re: Is MLM ideal for bitcoin? Post by: BitCoinDream on July 05, 2014, 05:53:27 PM It would obviously harm Bitcoin's reputation, but it is only a matter of time before it happens no .. it will not damage the reputation of bitcoin. although it would be a scam business will, which is blamed for his business. bitcoin there only as a means of payment. Unlike other businesses that use real money. although the business will be a scam, but it will not damage the reputation of the money :)Media also created problem with Bitcoin's reputation for the fall of Mt. Gox. So stop creating exchanges ? Moreover, get out of the shell and know MLMs are NOT SCAM. Ponzi is SCAM where they claim 120%-130% return. Multi million dollar businesses like Amoy to TupperWare run on MLM model. U need to have a proper business model to employ MLM. MLM is just a marketing strategy. Title: Re: Is MLM ideal for bitcoin? Post by: Nagle on July 05, 2014, 07:28:15 PM MLM is mostly a scam. Most Bitcoin businesses are scams. It's a match made in Hell!
Title: Re: Is MLM ideal for bitcoin? Post by: cbeast on July 05, 2014, 07:45:38 PM MLM is mostly a scam. Most US dollar businesses are scams. It's a match made in Hell! FTFYTitle: Re: Is MLM ideal for bitcoin? Post by: ShakyhandsBTCer on July 06, 2014, 12:26:58 AM It would obviously harm Bitcoin's reputation, but it is only a matter of time before it happens no .. it will not damage the reputation of bitcoin. although it would be a scam business will, which is blamed for his business. bitcoin there only as a means of payment. Unlike other businesses that use real money. although the business will be a scam, but it will not damage the reputation of the money :)Media also created problem with Bitcoin's reputation for the fall of Mt. Gox. So stop creating exchanges ? Moreover, get out of the shell and know MLMs are NOT SCAM. Ponzi is SCAM where they claim 120%-130% return. Multi million dollar businesses like Amoy to TupperWare run on MLM model. U need to have a proper business model to employ MLM. MLM is just a marketing strategy. The reason the MLM is often associated with Ponzis is because they act in very similar ways. Regardless most MLM "programs" are only profitable when you take into consideration the amount of time you put into them for the very early adopters. Title: Re: Is MLM ideal for bitcoin? Post by: JuniAiko on February 12, 2018, 01:41:46 PM Many people I know, and myself included, immediately think of the word "Ponzi" when MLM is mentioned.
Will never touch anything even with a 10 yard stick if it has the label of MLM on it. Title: Re: Is MLM ideal for bitcoin? Post by: oppasong on February 12, 2018, 03:59:01 PM Mlm is not equivalent to bitcoin because bitcoin is a digital currency and has become popular in the world, whereas mlm in my opinion is only real business and the attraction for devotees is also very less.
Title: Re: Is MLM ideal for bitcoin? Post by: husanlarisa on June 27, 2018, 03:36:30 PM Hello, members!
I'm a MLM business-man I run MLM for BCGTO company. It rewards in BTC BTCBTCBTC And based on a such scheme that cannot be destroyed. Remember that there're a lot of rich guys got their capital from MLM, as Robert Kiyosaki, Mary Kay Ash and others. If interested, kindly PM me. Regards! Title: Re: Is MLM ideal for bitcoin? Post by: etron on June 27, 2018, 03:55:23 PM Is Multi-Level Marketing ideal for bitcoin? better you do not join the MLM bitcoin because you will find it difficult to earn income there and that will happen there you will lose your investment, you better find a definite income for sure.I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? Title: Re: Is MLM ideal for bitcoin? Post by: beivleveinsomeone on June 27, 2018, 04:02:28 PM MLM is based on trust and greed. When people want to make a quick profit, run after the crowd. This mode of business must be scam, because the level must always be. From person to person Title: Re: Is MLM ideal for bitcoin? Post by: poletando on June 27, 2018, 04:06:14 PM i don't know about MLM until right now and when people want to offers the product or anything else, there are people said that that is the MLM and don't join with MLM you will get some lost because of the MLM scheme, i don't know about MLM but i think its not have a good impact for bitcoin
Title: Re: Is MLM ideal for bitcoin? Post by: tanjilrifat on August 24, 2018, 08:01:27 AM The people at the top get rich on the labor and money of their new recruits. I have never seen one that actually worked for people other than those at the top.This mode of business must be scam, because the level must always be.
Title: Re: Is MLM ideal for bitcoin? Post by: dioanna on August 24, 2018, 08:11:16 AM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? Im not into Multi level marketing schemes i dont like this kind of investment your profit really depends on how many referals you get and normally the pioneer members are the only one that can benefit a lot. Title: Re: Is MLM ideal for bitcoin? Post by: Ava Duvall on August 24, 2018, 09:04:01 AM Exactly!! made me laugh! Don't even think about it
Title: Re: Is MLM ideal for bitcoin? Post by: Kenthunan_rondo on August 24, 2018, 09:19:09 AM In my opinion, most MLM businesses ultimately lead to fraud, it makes everyone who joins MLM experience losses and ultimately fraud that occurs.
Title: Re: Is MLM ideal for bitcoin? Post by: johnwest on August 24, 2018, 10:47:23 AM There were plenty of examples in the past and there are some MLM going one right now which will scam people later. 99% of the MLM's are scam and we know that the remaining 1% will become sooner or later.
Title: Re: Is MLM ideal for bitcoin? Post by: jyotianand01 on October 14, 2018, 01:40:51 PM MLM is not good for bitcoin and altcoin as mostly all multi level marketing companies will work as ponzy schemes and will stop after sometime. Many MLM companies will go scam with only some exceptions which will live long due to their better and real product.
Title: Re: Is MLM ideal for bitcoin? Post by: lyks15 on October 14, 2018, 02:02:10 PM I think Multi Level Marketing is not ideal way for bitcoin. All we know that MLM is full of trash talk and lie to make people believe that they are going to be reach when they will be part of a team in exchange of money and to encourage you to buy and resell their health and beauty products. But in bitcoin you can do a business without any buying of products or any paying a membership fee to be part of team. I can say that because I was part and member of one big MLM before so I know bitcoin did not need a MLM strategy because bitcoin dont need an hyper marketing or promotion to make people believe that it will make our lives better.
Title: Re: Is MLM ideal for bitcoin? Post by: ahmad21 on October 14, 2018, 02:14:56 PM Schemes and plots designed to attract consumers with attractive messages may seem like quick money making machines, but in fact they are a sort of scams carefully plotted to defraud the innocent people. They might look very fascinating to eye, but the real motive is to mislead the innocent people. And the success of such MLM's owes to the fact that the people are unaware and unknowingly in anticipation of high returns risk their money.
"Many of these types of investment scams ask for people to send a minimum of bitcoin so they can expect a bigger payout in the future. Furthermore, a lot of these shady organizations run under a Multi-Level-Marketing (MLM) business model. MLMs consist of people who are selling in a pyramid or referral type of marketing system. The business model requires recruiting more people to fund the entire network and has always been a controversial business plan. Companies can often be seen operating in this manner using bitcoin within their operations and accrue revenue from direct sales and downline distribution. And yes, there are legal MLM structures in many markets that run legitimate business operations and should not be considered Ponzi schemes." (Source: https://news.bitcoin.com/beware-crypto-mlms-high-return-investments/ ) Title: Re: Is MLM ideal for bitcoin? Post by: Maricel2017 on October 14, 2018, 02:23:26 PM Those activity make bitcoin bad in the eye of new comers but they do not know deeply what bitcoin brings to all people who really needs an extra income. We do not need to tolerate ponzi program because they cant support the investors in the long run they will turn into scam project.
Title: Re: Is MLM ideal for bitcoin? Post by: endut15 on October 14, 2018, 02:30:20 PM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? I don't think you just believe it right away, if MLM falls on bitcoin. because until now, according to many people, MLM was a fraud. so I also don't believe. because many say. therefore with us hearing the news, we also need to be vigilant. Title: Re: Is MLM ideal for bitcoin? Post by: Sultanar484 on October 14, 2018, 02:32:20 PM Most of the MLM (Multi Level Marketing) turn into scam. Please stay away from any MLM site. I have joined a MLM site named DESTINY 2000 LTD. It turned scam and all MLM sites i have seen, all are scam now.
Title: Re: Is MLM ideal for bitcoin? Post by: Btcjunpitz18 on October 14, 2018, 02:53:56 PM Before I joined MLM because I see their marketing strategy and the profit is good but later I found out that I was scam. I just give you my experience about MLM but its up to you.
Title: Re: Is MLM ideal for bitcoin? Post by: Painbird on October 14, 2018, 03:21:16 PM MLM business is having some confusion for me.Actually most of the country didn't legalize it. The business is a good type of business but you need to choose the right platform. I never found any site like this. You can share with me so that I can judge.
Title: Re: Is MLM ideal for bitcoin? Post by: remuy24 on October 14, 2018, 04:00:35 PM I really do not believe in MLM because there have been many proven MLM-based scams. especially since they cheat crypto based
Title: Re: Is MLM ideal for bitcoin? Post by: Yantoaja on October 14, 2018, 04:12:25 PM For me personally I strongly disagree if BTC can get into MLM because basically MLM enriches someone at the top level, and a lot of MLM is a scam, many MLMs who use FIAT are already scam, especially those who use anonymous BTC. very high risk
Title: Re: Is MLM ideal for bitcoin? Post by: pundit on October 14, 2018, 04:57:31 PM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? MLM people have played and are playing a different game on the name of Bitcoin. If you notice most of these MLM came into existence after Bitcoin started gaining value after when its value was $500-$1000. MLM are just fooling people with a fix return which is practically very difficult to give. I recommend you not to be a victim of such scams. Title: Re: Is MLM ideal for bitcoin? Post by: cotton ball on October 14, 2018, 05:05:24 PM Most of the MLM (Multi Level Marketing) turn into scam. Please stay away from any MLM site. I have joined a MLM site named DESTINY 2000 LTD. It turned scam and all MLM sites i have seen, all are scam now. There is nothing wrong with MLM, even herbalife still survives until now, but this business network method is not suitable for crypto because it only focuses on the velocity of money investment. I reject the crypto MLM method until at least bitcoin is regulated and they can rely on their real products in the circulation of chain networks.Title: Re: Is MLM ideal for bitcoin? Post by: NEERAJ ANAND on October 15, 2018, 04:31:45 PM No, as I find it difficult because many MLM companies run scams after some time after their launch and people lose their hard earned money. there are only some good MLM companies which are a real product, will survive long lasting due to the real benefit.
Title: Re: Is MLM ideal for bitcoin? Post by: bitcoinveda on October 15, 2018, 05:29:03 PM Mlm model wont work with Bitcoin because of the price fluctuations we cant exactly predict where the price will go so we cant estimate the price movements most of the mlm failed because of bitcoin price volatility
Title: Re: Is MLM ideal for bitcoin? Post by: bitfocus on October 17, 2018, 11:31:28 AM 100% MLM are scams, and they uses almost anything to scam people. No wonder they are using BTC to make quick money and fraud people.
Title: Re: Is MLM ideal for bitcoin? Post by: kirisakidaichi on October 17, 2018, 12:42:50 PM I think MLM is scam, 100% I don't trust MLM, and MLM is not ideal with bitcoin. so don't trust MLM.
Title: Re: Is MLM ideal for bitcoin? Post by: xbossJ on October 17, 2018, 01:14:16 PM MLM (Multilevel Marketing) are pyramid schemes! Ponzis aren't in anyway to be associted with $Bitcoin MLM's already have a bad reputation, associating them with $Bitcoin will only increase the magnitude of hatred that $Bitcoin is already attempting to weather down! $Bitcoin is commodity money, in the words of Christina Laggard of the IMF; A time has come when we need to recognize commodity money, MLM on the other hand works with the principle of "Robbing Peter to Pay Paul" $Bitcoin however is commodity you can buy and sell like every retail shop, plus you can use it to make payments for other goods and services; the purpose for which it was created!
Title: Re: Is MLM ideal for bitcoin? Post by: kimmy28 on October 17, 2018, 01:22:39 PM I think MLM is a not Good for bitcoin since MLM company like ponzi schemes and other MLM involvement from other Scams Accusations about MLM company since all we have a Good start make sure to do some research on what you are joining so you wont make complains about of it in the future :)
Title: Re: Is MLM ideal for bitcoin? Post by: 131tc01n on October 17, 2018, 04:21:49 PM I think MLM is not ideal with bitcoin where bitcoin is a digital currency, MLM is more suitable to use fiat currency or transact using wire transfers, MLM is more concerned with targets, and when we pursue targets, of course customers need fast services without being complicated, when we use bitcoin, we don't know whether our customers have a bitcoin wallet too
Title: Re: Is MLM ideal for bitcoin? Post by: kzozenberg on October 17, 2018, 04:39:45 PM MLM = Many Lose Money Depends on what you mean ! There are real projects and there are scammers ! Bitcoin is not always good for MLM projects because its network is anonymous. It is better to pay by card it gives more confidence in the project!Title: Re: Is MLM ideal for bitcoin? Post by: ribowo76 on October 17, 2018, 04:51:34 PM Personally, I feel that MLM only benefits certain people. Even not infrequently, which ultimately ends with fraud. So I think, it will worsen the popularity of bitcoin
Title: Re: Is MLM ideal for bitcoin? Post by: jimskiy on October 17, 2018, 05:02:54 PM Many MLM project include bitcoin for their working, we have found many project always put bitcoin as cryptocurrency for their coin listed and sell to the public, but the system of their project similiar like MLM and make many investor are lost.
Title: Re: Is MLM ideal for bitcoin? Post by: bitcoinVPSD on October 17, 2018, 06:15:44 PM I do not have much knowledge about MLM as you say, but in the opinion of many investors they do not like this form of investment. You should use your capital to invest in bitcoin to make a profit instead of engaging in multi-level marketing. It makes you spend a lot of time waiting
Title: Re: Is MLM ideal for bitcoin? Post by: Coinmyjob on October 17, 2018, 06:20:54 PM Is Multi-Level Marketing ideal for bitcoin? Bitcoin was originally incorrectly named. Coin all confused, here is and belong to him as to money. Although on the subject endlessly debate can be. For most, it is easier than to understand the crypto wilds.I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? Title: Re: Is MLM ideal for bitcoin? Post by: nikola22 on October 17, 2018, 07:58:48 PM Mlm model wont work with Bitcoin because of the price fluctuations we cant exactly predict where the price will go so we cant estimate the price movements most of the mlm failed because of bitcoin price volatility MLM projects use bitcoin for deposits and it's profitable for them because the transactions are non-reversible and investors can't get back their money. Title: Re: Is MLM ideal for bitcoin? Post by: yansen on October 17, 2018, 10:10:19 PM because MLM is a scam site, ponzi, pyramid scheme. MLM can use anything, including bitcoin. because bitcoin reaches everyone in the world, the MLM website uses bitcoin to deceive members. why isn't there a thread section for MLM here? because MLM is very detrimental to people. while here all bitcoin users want to advance and make users successful at bitcoin without harming others.
Title: Re: Is MLM ideal for bitcoin? Post by: kenel on October 20, 2018, 01:09:30 PM MLM has never been an ideal way to disseminate information, because at the initial stage it laid Mercantile interests of their creators
Title: Re: Is MLM ideal for bitcoin? Post by: randegibran on October 20, 2018, 02:39:50 PM I do not have much knowledge about MLM as you say, but in the opinion of many investors they do not like this form of investment. You should use your capital to invest in bitcoin to make a profit instead of engaging in multi-level marketing. It makes you spend a lot of time waiting MLM has proven to do a lot of fraud, don't get trapped in the lure of getting a big profit. It is clearer if you invest in bitcoin that is clear, don't believe in fraud-based MLM.Title: Re: Is MLM ideal for bitcoin? Post by: Yantoaja on October 20, 2018, 03:04:04 PM I myself am not interested and interested in MLM because most of the MLM is currently a scam and only enriches the above, so it's best to let a BTTC or Cryptocurrency like this in order to produce a healthy community and reduce the risk of scam
Title: Re: Is MLM ideal for bitcoin? Post by: bolbau on October 20, 2018, 04:19:15 PM I think MLM is something similar to ponzi scheme on cryptocurrency, those who come and invest first are the ones who get the benefits, and those who last can only hope that the MLM / ponzi can still survive. if the question is whether the concept is ideal for bitcoin? I don't think so, this will only reduce the level of public trust in bitcoin, they will assume that bitcoin is nothing more than a fraud.
Title: Re: Is MLM ideal for bitcoin? Post by: terencio on October 20, 2018, 08:29:20 PM MLM can push the price of Bitcoin because if they want to invest in MLM they need BTC. I strongly discourage everyone to invest on this scheme it will harm you and they can blind you for their false promises. I am speaking from my worst experienced on this type of scheme. Guard your assets very well, and it's better to invest it directly in BTC because its within your control.
Title: Re: Is MLM ideal for bitcoin? Post by: Teawhalee on October 20, 2018, 09:33:26 PM The ideal of MLM is to bring in more people and pay you as you advance in stages. A major problem is how to cope when new members stops coming up. This doesn't affect Bitcoin.
Title: Re: Is MLM ideal for bitcoin? Post by: Flor1982 on October 21, 2018, 12:59:00 AM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? It is ok to join this kind marketing in which they will use Bitcoin platform for their investments but make sure that their projects are legal because most of them are scams in which they will just steal your Bitcoins in the end especially if the offered earnings are so good to be true, better if you will invest directly into trading or buy Bitcoins and hold them for long term investments. Title: Re: Is MLM ideal for bitcoin? Post by: Royal Script on October 21, 2018, 02:01:31 AM What is implanted in my brain about MLM is just pure nonsense as only those who are on top benefits the most from their sub nodes/members. Aside from that, most of MLM's are just pure scam who do nothing good but making other people as their milking cows. I am really having a placard with me saying "No to MLM! No to SCAM!"
Title: Re: Is MLM ideal for bitcoin? Post by: pedangrusak on October 21, 2018, 02:27:59 AM MLM is very similar to a scame ponzi and this is giving a beautiful dream without a definite reality. I don't like business and investment models like this
Title: Re: Is MLM ideal for bitcoin? Post by: mekie on October 21, 2018, 07:49:04 PM Not all MLM's are scams, There are many good MLM programs and bitcoin is just as useful for that as any other transaction.
I know a company that does all the back office work for this type of business-mlm software, crypto ico etc. and they are certainly not scammers in fact quite the opposite-they employ some extremely talented people and have been in existence for over 10 years. Title: Re: Is MLM ideal for bitcoin? Post by: Koenraad Lange on October 27, 2018, 02:57:22 AM MLM has never been an ideal way to disseminate information, because at the initial stage it laid Mercantile interests of their creators MLM cannot be applied to bitcoin, because MLM will make the derivative price expensive, because bitcoin is not an item but a digital product. While how MLM works is looking for downlines, more and more downline income is getting bigger. In this way, the price of bitcoin is not standard, while bitcoin as global money changes rapidly.Title: Re: Is MLM ideal for bitcoin? Post by: Shreek on October 27, 2018, 05:39:46 AM I don't think so, because still it will get 2 risks, the first is the risk of failure to become a marketer and the second is the failure to keep the price of bitcoin that is never stable
having bitcoin is the same as you take risks for MLM, the thing that must be there is a good and comfortable product to market Title: Re: Is MLM ideal for bitcoin? Post by: crossabdd on October 27, 2018, 06:21:39 AM I think the popular MLM service is MMMG (global), the transaction system uses Bitcoin. currently there are also many MLMs that use bitcoin but not as popular as MMM. because MLM is currently not able to last long. maybe only 1-2 months. I suggest you should not enter MLM or ponzi systems / other pyramid schemes. because it's so bad. utilize new customers to pay old customers.
Title: Re: Is MLM ideal for bitcoin? Post by: concitta on October 27, 2018, 06:39:59 AM I think the popular MLM service is MMMG (global), the transaction system uses Bitcoin. currently there are also many MLMs that use bitcoin but not as popular as MMM. because MLM is currently not able to last long. maybe only 1-2 months. I suggest you should not enter MLM or ponzi systems / other pyramid schemes. because it's so bad. utilize new customers to pay old customers. Bitcoin's image is increasingly polluted because MMM includes btc as a payment option, but it cannot be avoided considering that ponzi fans are still too high, lack of product marketing and only spinning on investment funds will cause painful failures, this business method will not last long and long term according to the promised bonus for the highest tree branch. This is not ideal for the development of bitcoin, even worse than gambling. Title: Re: Is MLM ideal for bitcoin? Post by: globalking on October 27, 2018, 06:53:43 AM I don't think so because in MLM lot of Ponzi schemes have come in the past anybody can use bitcoin but in MLM it is better if they don't use bitcoin.
Title: Re: Is MLM ideal for bitcoin? Post by: zitbau on October 27, 2018, 07:10:16 AM A new form of image advertising for bitcoin through multi-level marketing. Many investors consider it a form of bitcoin advertising that will bring a lot of negative impact to bitcoins. But I think it will affect bitcoin well. There are now many multi-level companies and they are developing very well. Thus, through multi-level marketing, bitcoin is also more developed.
Title: Re: Is MLM ideal for bitcoin? Post by: pat4cryptoreal on October 27, 2018, 11:35:59 AM Most multi level marketing programs do not take you up the ladder without hard work. There was multi level marketing I invested using bitcoin which till date it is still functioning but it takes professional marketers to gain a reasonable amount of money through MLM.
Title: Re: Is MLM ideal for bitcoin? Post by: kirisakidaichi on October 27, 2018, 04:50:34 PM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? It is ok to join this kind marketing in which they will use Bitcoin platform for their investments but make sure that their projects are legal because most of them are scams in which they will just steal your Bitcoins in the end especially if the offered earnings are so good to be true, better if you will invest directly into trading or buy Bitcoins and hold them for long term investments. Title: Re: Is MLM ideal for bitcoin? Post by: javainn on October 27, 2018, 05:49:02 PM mlm is not a bad job, a lot of loss experience following MLM. I prefer if pure bitcoin is used for trading or investment. because the bitcoin system was created for this, bitcoin is not good if it targets the mlm sector.
Title: Re: Is MLM ideal for bitcoin? Post by: sublime5447 on November 02, 2018, 06:03:02 PM I have bad experience with MLM and bad stereotypes are inherent in the community, so it seems that‘s not good for Bitcoin. Indeed not all MLMs are bad, but this can open a gap for scammers to carry out their actions which will hurt the reputatio (http://renovasi-rumah.net)n or financial loss.
Title: Re: Is MLM ideal for bitcoin? Post by: DJ_Rick on November 02, 2018, 09:51:07 PM I don't think that it is the ideal one but i will check to know whether it is a scam or not. to my mind, it is going to be just another scam but who knows maybe it will not be like this
Title: Re: Is MLM ideal for bitcoin? Post by: Btcmarmipp2 on November 02, 2018, 10:12:05 PM For me, MLM is ideal using bitcoin if it is legit. I mean in a MLM " Multi Level Marketing" as I understand to become a member you will pay of the said amount but it should have a product in return. Be aware that most of MLM also are scam.
Title: Re: Is MLM ideal for bitcoin? Post by: ELOCIN on November 03, 2018, 12:14:12 AM HONESTLY, i don't really give a small ounce of TRUST about MLM. I don't like its marketing scheme in which only those on top will benefit the most while they are just sitting pretty and let their downlines do the job for them. Worst is, most of MLM's are just scam.
Title: Re: Is MLM ideal for bitcoin? Post by: mekie on November 04, 2018, 11:55:42 PM There are some legit MLM programs and I now of a company that does the back office work on both MLM and ICO there is absolutely no reason that MLM should not use bitcoin or any other crypto as it's prefered currency. In many ways it makes more sense to use bitcoin as there is no conversion issues with cross border trading.
Title: Re: Is MLM ideal for bitcoin? Post by: celot on November 04, 2018, 11:58:43 PM Not yet, MLM is do not have space and place at bitcoin, many people right now make new product or project MLM include bitcoin, many people and investor have faced scam with MLM project, they are thinking is best and good of bitcoin project.
Title: Re: Is MLM ideal for bitcoin? Post by: kucritt on November 05, 2018, 12:16:09 AM as i know MLM is not good in all currency and condition, because MLM just give the profit when their position on the top, if they is not on the top, it doesnt give some profit, maybe sometimes they will get some losses
Title: Re: Is MLM ideal for bitcoin? Post by: sinkfish on November 05, 2018, 08:50:07 AM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? so far all collapse. MLM and BTC are not compatible. Title: Re: Is MLM ideal for bitcoin? Post by: Anarchist on November 05, 2018, 09:36:03 AM Most MLM programs are just a pyramid business model. MLM is even banned in some countries. I don't think we need a shady business model (which could be compared to a Ponzi at some points) to show the Bitcoin's potential.
Title: Re: Is MLM ideal for bitcoin? Post by: bitfocus on November 05, 2018, 12:23:54 PM My personal Opinion is, everybody should stay away from MLM (AKA Pyramid Schemes) - almost all of them are scams.
Title: Re: Is MLM ideal for bitcoin? Post by: pungopete468 on November 05, 2018, 12:33:19 PM Bitcoin, which is currently still a thing that has not been set globally, will indeed make the MLM project will be very rapidly developing at this time. Because it is not usual to cancel transactions, it is an advantage for those who develop mlm projeck.
Title: Re: Is MLM ideal for bitcoin? Post by: jayintop on November 05, 2018, 12:36:07 PM MLM is the worst thing that ever happened to crypto. Set us back a lot on mass adoption. I personally have had only bad experiences with all mlm I've come across.
Title: Re: Is MLM ideal for bitcoin? Post by: bling-bling on November 06, 2018, 11:12:02 AM I don't think Bitcoin is ideal as an MLM investment. MLM investments should have a product to make them legit. Bitcoin is not a product and does not have a product to back it up. Many have used Bitcoin as an MLM or a networking scheme in the past and most of them did not turn out well. Bitcoin and MLM simply does not go together.
Title: Re: Is MLM ideal for bitcoin? Post by: maianh09 on November 06, 2018, 11:25:37 AM Is Multi-Level Marketing ideal for bitcoin? MLM is a risky model and it's almost like Ponzi, there are so many risks that it will fail and become a coin. Think of it getting worse when you can not liquidate and especially no one can create an MLM deal for Bitcoin.I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? Title: Re: Is MLM ideal for bitcoin? Post by: osmo on November 06, 2018, 12:55:38 PM I think money or bitcoin is the same for mlm, but I have never known that mlm uses bitcoin, if there is one I will not follow it because I have a bad experience following the mlm in my country, I suffer losses and I do not get benefits or benefits
Title: Re: Is MLM ideal for bitcoin? Post by: Steinway-Bobb on November 06, 2018, 01:07:09 PM MLM is also an industry that is causing a lot of buzz because there are so many scam artists so I think bitcoin will not be a good fit.
Title: Re: Is MLM ideal for bitcoin? Post by: maxreish on November 06, 2018, 01:46:40 PM Multi-level marketing, also called pyramid selling, network marketing. For me, its a controversial marketing strategy or investment especially bitcoin was involved. Always remember this brother, no body regrets at first time "but" you will just found out in the end.
Title: Re: Is MLM ideal for bitcoin? Post by: pundit on November 06, 2018, 02:43:13 PM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? MLM accepting bitcoins and giving rewards in bitcoins are scam, there is no fixed return in bitcoin which MLM companies claim, either bitcoins can be earned thr mining or trading, companies claiming fixed return or referral income against bitcoin investment are basically scamming investor, be aware of such companies and do not invest your hard earned money with such frauds. Title: Re: Is MLM ideal for bitcoin? Post by: samsul1234 on November 06, 2018, 03:01:56 PM Is Multi-Level Marketing ideal for bitcoin? maybe MLM currently has little interest, well, people are now more focused on trading, I am also looking forward to MLM, there will be my own site in bitcoin, or this we make MLM itselfI found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? Title: Re: Is MLM ideal for bitcoin? Post by: resty on November 06, 2018, 03:07:21 PM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? It will be hard for both Bitcoin to adopt the system of multi level marketing because of the possible risk that it m may bring which would result to big financial loss. Also don't join on these MLMs for you will become lazy working with it. You didn't even put an effort on the first place and you are earning money. This was like an easy money and guess what? It can take those funds that you earned instantly too. Title: Re: Is MLM ideal for bitcoin? Post by: AiBBio on November 06, 2018, 03:10:55 PM I think MLM has a good chance to promote bitcoin and enhance its image!
Title: Re: Is MLM ideal for bitcoin? Post by: OddEvenBets.com on November 06, 2018, 03:17:37 PM If you check date of message you can see April 24, 2013, 02:11:31 PM
MLM is not actual in these days. This business (MLM) does not matter what to use as a payment Bitcoin or USD or Paypal. Title: Re: Is MLM ideal for bitcoin? Post by: buahkudu on November 06, 2018, 03:20:38 PM bitcoin now the price can be monitored and people who invest in it are very fortunate to get huge profits in terms of bitcoin trading and that is definitely not easy.
Title: Re: Is MLM ideal for bitcoin? Post by: [ProTrader] on November 08, 2018, 05:37:27 PM Is Multi-Level Marketing ideal for bitcoin? No, it is not ideal. All MLM that use bitcoin as a scheme always ended up as a scam. If you see an MLM website or any advertisment regarding Bitcoin, just stay away from it because they are only a using Bitcoin to get investors money. I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? Title: Re: Is MLM ideal for bitcoin? Post by: brooklynian on November 08, 2018, 06:16:31 PM Some multilevel marketing use bitcoin and some top cryptocurrencies to reward their members. There are genuine MLM platform while there are a lot of scam. Personally, I don't like it. Imcase you wish to join any, make sure you do your findings.
Title: Re: Is MLM ideal for bitcoin? Post by: sammyp on November 08, 2018, 07:03:47 PM I have joined a number of them before but they didn’t like to be referred to as MLM’s but rather described themselves as pyramids. I still haven’t bothered to get the difference but one was working perfectly. The only problem I had was with people not trusting bitcoin as a mode of payment or donation.
Title: Re: Is MLM ideal for bitcoin? Post by: kissme09 on November 08, 2018, 07:06:14 PM If MLM is great with Bitcoin, who will be the Bitcoin manager? Who will create the plan for the investment of investors? Do you think it will not fail like Bitcoinnect? Do you believe that MLM can sustain according to eternity? Or any better idea.
Title: Re: Is MLM ideal for bitcoin? Post by: Malam90 on November 09, 2018, 09:32:23 AM Multi Level Marketing or MLM is totally fraud business system. I have seen many MLM business and i have lost my money in that business. Bitcoin is legal but MLM is illegal so Bitcoin isn't ideal for MLM.
Title: Re: Is MLM ideal for bitcoin? Post by: Bttzed03 on November 09, 2018, 09:38:50 AM I have not seen a legitimate MLM company that pays bitcoin or any other cryptocurrency so far and I do not think it would be bad for them to use it instead of fiat as long as the MLM members would agree to it. I am not sure but it is probably one way for crypto to be mass adopted?
Title: Re: Is MLM ideal for bitcoin? Post by: S4VV4S on November 09, 2018, 09:47:14 AM Multi Level Marketing or MLM is totally fraud business system. I have seen many MLM business and i have lost my money in that business. Bitcoin is legal but MLM is illegal so Bitcoin isn't ideal for MLM. I'm also have experienced with MLM paid Bitcoin, yes I've joined with MMMGlobal two years ago, and I think it just makes the image of the Bitcoin become damaged, so I think the MLM business type not suitable for Bitcoin. Title: Re: Is MLM ideal for bitcoin? Post by: bitcoinrays on November 09, 2018, 10:08:24 AM Multi Level Marketing or MLM is totally fraud business system. I have seen many MLM business and i have lost my money in that business. Bitcoin is legal but MLM is illegal so Bitcoin isn't ideal for MLM. I was really not well aware of this business. Till now I haven’t read about it even once but now as I have seen so many contribution of opinions about this one thing, definitely care is needed. One must not be so blindly trusting everything that comes on board. Most of them are scam and thus they decorate the name of bitcoin as well. Keep yourself updated with news.Title: Re: Is MLM ideal for bitcoin? Post by: sinkfish on November 09, 2018, 01:10:16 PM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? nope. dont ever think about it. see what happen for pass 10 months? Title: Re: Is MLM ideal for bitcoin? Post by: Kesari on November 09, 2018, 02:33:55 PM my opinion, most MLM businesses ultimately lead to fraud, it makes everyone who joins MLM experience losses and ultimately fraud that occurs
Title: Re: Is MLM ideal for bitcoin? Post by: Segway on November 09, 2018, 03:07:06 PM The people at the top get rich on the labor and money of their new recruits. I have never seen one that actually worked for people other than those at the top.This mode of business must be scam, because the level must always be.
Title: Re: Is MLM ideal for bitcoin? Post by: ardhigalau on November 09, 2018, 03:17:38 PM MLM has used various ways to get many members, one of them by using bitcoin as a payment tool. I know there are some websites that initially used bitcoin for MLM, but over time the website went bankrupt and lost somewhere.
Title: Re: Is MLM ideal for bitcoin? Post by: Kesari on November 17, 2018, 01:51:40 PM I myself am not interested and interested in MLM because most of the MLM is currently a scam and only enriches the above, so it's best to let a BTTC or Cryptocurrency like this in order to produce a healthy community and reduce the risk of scam
Title: Re: Is MLM ideal for bitcoin? Post by: chenille on November 17, 2018, 06:39:39 PM MLM is not itself a scam, but many scam projects use it to get more people in - it is a perfect tool to build up a pyramid scheme. All the most important Scams had a MLM like Bitconnect or Bitclub.
The owners don't have to care for marketing. The MLM system is designed that existing members advertise the project and get new members in. I would be very carefully if a project uses MLM, the past has shown it's used often for scams. I addition it's very profitable for the founders because they will get a few percent of all investments from participants joining after them. A good investment opportunity doesn't need MLM which is only a redistribution from many late investors to a few early investors. Title: Re: Is MLM ideal for bitcoin? Post by: airdrophunter on November 18, 2018, 06:46:58 AM Oh, MLM really sucks! MLM can be a root scam and its scheme is only good for those members who are already there in the long time. MLM will just give bad image to bitcoin and the cryptoworld. It's the worst scheme ever than ICOs.
Title: Re: Is MLM ideal for bitcoin? Post by: honeychilli on November 19, 2018, 11:53:15 AM Because most MLM's turn out to be scams - especially those that accept anonymous currencies like LR or BTC. is there any previous example? Everyone always welcome to be the first sucker. (although yes there have been others) 😂😂😂 the way you put it is funny. Most MLMs are ponzis. Everyone just need to read up more. For the non-ponzi MLMs... they just do their hard sell on their company's products. They are only trying to make money. Only 1 in about 300 who join MLM actually make money. So... Honestly... people who try to do MLM with bitcoin are basically leveraging on suckers. Title: Re: Is MLM ideal for bitcoin? Post by: Cryptoreflector_666 on November 19, 2018, 11:58:49 AM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? Probably more so than not, because the survivability of bitcoin is directly dependent on how many users use it at the moment. Network marketing has never had a good reputation, as it was not transparent and as a result people lost their savings. With regard to bitcoin, this scheme may well be working. Title: Re: Is MLM ideal for bitcoin? Post by: osmo on November 19, 2018, 12:12:09 PM I think it's the first time I use btc but I'm not interested in the MLM system because I have a bad experience with MLM, maybe looking for another alternative is better than using MLM. even though the site uses btc
Title: Re: Is MLM ideal for bitcoin? Post by: bitfocus on November 19, 2018, 12:33:20 PM MLMs are ideal scam schemes for almost anything and Bitcoin is no different. Anybody supports MLM is actually a potential scammer and enemy if the people.
Title: Re: Is MLM ideal for bitcoin? Post by: kimikimiksz on November 19, 2018, 12:40:20 PM The most MLMs are ponzi schemes, if the company accepts bitcoin it is bigger chance that they want to scam users. I think if there would be some real product MLM (like FMCG, electronics, cars etc.) low structure bonuses (like 5%) and smart contract used for payments for products which gives money back when you didn't get a package.
But as I seen there are only BTC matrixes, BTC adrevshares and faucets which 80% doesn't pay. Title: Re: Is MLM ideal for bitcoin? Post by: coinholic on November 19, 2018, 02:30:03 PM Is Multi-Level Marketing ideal for bitcoin? Bitcoin can be adopted in an MLM structure but it is definitely not ideal. The MLM scheme usually turn out to be scams or a pyramiding form of investment which is unfortunate. Many MLM companies have actually used Bitcoin in their schemes but they did not turn out well. So no, not ideal at all.I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? Title: Re: Is MLM ideal for bitcoin? Post by: harimauagam on November 19, 2018, 03:00:31 PM it is very rare for people to do the ideal night in bitcoin and if it is determined definitely the price of 1 btc is cheap and that is a very special night and moreover the price of 1 eth is very far down and surely it will be a lot of people to invest in it.
Title: Re: Is MLM ideal for bitcoin? Post by: AiBBio on November 19, 2018, 03:05:53 PM I think it is because most MLM's turn out to be scams and people don't trust them
Title: Re: Is MLM ideal for bitcoin? Post by: Maysummer on November 21, 2018, 01:50:25 AM Is Multi-Level Marketing ideal for bitcoin? I don't agree with you. Not all but most of MLM are scam, it is not trustworthy.I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? Title: Re: Is MLM ideal for bitcoin? Post by: A7373 on November 21, 2018, 12:45:07 PM I have seen many mlm systems based on fail blockchain and they are very successful.
Title: Re: Is MLM ideal for bitcoin? Post by: A7373 on November 21, 2018, 12:46:03 PM You can just remember Bitconnect, it was on first 20th on the coinmarketcup ;D. And than the bubble blowed up.
Title: Re: Is MLM ideal for bitcoin? Post by: gamechangers on November 21, 2018, 01:37:09 PM Multi-level marketing may be or may not be advisable for bitcoin depending on each and everyone's perception of it. Some multi-level marketing programme are good and turn out to bring a very good yield on investments while the majority of them are scams. It is advised to choose wisely before going into one if need be.
Title: Re: Is MLM ideal for bitcoin? Post by: syntac on November 21, 2018, 02:28:49 PM in my opinion it is not ideal, because basically bitcoin is single there is no need to have another multi level, the important thing is a good internet network. because the application of bitcoin has so far been good and okay. and the public is familiar with bitcoin.
Title: Re: Is MLM ideal for bitcoin? Post by: Wodomi on December 04, 2018, 05:02:21 AM I think it's the first time I use btc but I'm not interested in the MLM system because I have a bad experience with MLM, maybe looking for another alternative is better than using MLM. even though the site uses btc I think MLM is not ideal for bitcoin, because bitcoin is a digital currency, so if you use the MLM method the price will be higher. The principle of MLM is more and more downlines, the income for upline is getting bigger. If bitcoin is applied to marketing like that, the price of bitcoin units will become increasingly expensive.Title: Re: Is MLM ideal for bitcoin? Post by: OrangeII on December 04, 2018, 05:50:50 AM well, many are against this, but basically bitcoin is not suitable in this case. however, many parties make use of this system to get huge profits. well, since a long time ago I didn't really like systems like MLM.
Title: Re: Is MLM ideal for bitcoin? Post by: sinkfish on December 04, 2018, 01:06:58 PM 100% of the such MLM die out, its just matter of time, maybe by months or years. eventually it will die. bitcoin will outlive them.
Title: Re: Is MLM ideal for bitcoin? Post by: alex_gr_cc on December 04, 2018, 01:15:01 PM Is Multi-Level Marketing ideal for bitcoin? I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before? any idea? MLM in conjunction with cryptocurrency works fine. I participate in a project in which the motivational mechanism for participating in MLM is arranged using cryptocurrency. True, this is not bitcoin, but nonetheless cryptocurrency. Title: Re: Is MLM ideal for bitcoin? Post by: tmfp on December 04, 2018, 02:18:30 PM Multi Level Marketing is ideal for only one thing, providing the opportunity for lying and misrepresentation of substandard or non existent products to profit from gullible "downline" investors, often family and friends. It is unfit for purpose in today's communication world, far too expensive for legitimate product promotion, the only benefit being 'plausible deniability' of the endemic false claims of profitability made by the so-called independent marketeers. Any crypto schemes that offer an MLM structure should be treated with even more caution than usual. Title: Re: Is MLM ideal for bitcoin? Post by: junglist.massive on December 08, 2018, 10:20:22 AM Many MLMs are scams, it's not good for Bitcoin users and the hierarchy system in MLM also makes it difficult for new players to get profit in the market while the up-lines enjoy the results of swea (http://hafana.com)ts of their downlines, this will only increase the money for the whale.
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