Bitcoin Forum

I wrote an article (https://medium.com/@cryptogame9/how-to-make-money-from-multi-level-marketing-mlm-with-cryptocurrency-b2655df5941c) regarding making money in Multi-Level-Marketing (MLM) with cryptocurrency

You can indeed be rich using this money-making platform as there are still many people who can be enticed to join an HYIP program. However, we know that these programs will not last that long leaving many newcomers with empty bags. This is nothing more but enriching the few while robbing the many. And of course, in the marketing of those programs, there is no way you are telling that you are just actually a masked ponzi program otherwise only a few will be joining. The strategy is to present it as a lucrative investment program with good and sustainable source(s) of income and that it can last for years if not forever. In other words, this is just a deception. But then again, one can prefer one thing while another will not so this is just a matter of personal choice. Good luck on your endeavor.

Like you said in the linked article, to earn anything in any MLM scheme, you have to get in early. Even if you manage to find a prosperous project where you can get on board relatively early, one principle problem still remains. You would have to work for the MLM company, mainly recruiting new members. And you will know all the time that any person you persuade to join next will have slim chances of making money.

That's why I personally have never liked these schemes that enable only a handful of people to earn money, while all the others are effectively working their ases off for free or for very little money.

MLM is big bullshit in any era. there are no differences with scam others, i meant you can get profit by fool others. This is a garbage scheme that has already made a lot of people are losing their money to feed it to the leader of MLM. this is another shitty scheme that ever made in this world. anything related to the MLM is a scam.

It is always possible to make money by deceiving people. And that's what you try to teach in your article. MLM is scam. Associating scams, ponzi schemes and other types of programs whose goal is to enrich a few cheating several, cryptocurrencies is horrible for the future of our community.

I'd rather make money in a hard but in a clean way. I didn't spend my time reading that article. I guess everyone is aware about the reputation of multi level marketing and I myself been a victim of it, early days but not associated with cryptocurrencies.

And with the vast growth of crypto, I noticed the number of MLM/ponzi schemes has increased as well. I agree with this guy above it's associated with different scams and by deceiving people. You want to feed your family came from that money?

I hope MLM wont succeed in crypto because most of these schemes brings damage to the reputation of crypto.

No to MLM

I've heard MLM uses bitcoin, one of them is MMM. this project was popular in developing countries including Indonesia. quite tempting because this company offers investments with a 30% profit. for me MLM is an unhealthy business, and it is proven that MMM has deceived thousands of members and everyone suffered a big loss. Don't trust MLM, whatever its form.

I agreed with you MLM it's just ripping of other people money, this article are meant for people who loves HYIPs system as stated above. I hope newb people know what to look out for when coming in to HYIPs system. Thanks for the great comment.

I do not agree what you have said, Yes one of the big advantage is to find project and get in early. Whoever decides to enter the project are just gambling, but the reward-ratio might varies and you might end up winning the game. E.g. You enter the project at a very early stage and the company stay 400 days with 1% daily interest + Bonus, you could have "won" 300% already. Ofcourse you recruit people are the reward for yourself.

Based on what I experience, I have so much disappointment in MLM, so there's no way I will integrate this system with crypto.

I had a great profit in crypto with the my fixed way which are only trading and investing and if I like to promote crypto I would like to promote it by telling people it's real used case and what really crypto is, not like other people who use crypto for poniz scheme and that will not help since it will soon create bad reputation to the crypto space, people will think crypto is scam, instead of the platform scam them.

In the mind of the people, crypto is an investment, I thought it's necessary for them to understand it as a payment system to ease the transaction online and to provide transparency.

Multi level marketing is truly a good concept years back, but later it is used to scam more and more common people. Later the same concept is used on cryptocurrency network, and with the name of bitcoin more people were scammed and the worst being the bitconnect.

You are free to disagree, but the fact remains that people participating in the MLM project are recruiting people who, in the end, are going to be scammed. They may do that knowingly or without explicit knowledge, but the end result for those other people is the same. Even if they themselves end up winning the game and earn 300% for themselves, they will do that effectively luring other people into losses. If not money, they will certainly lose their time and energy.

Yes, you are right we already faced many failed situations in MLM, even the government will not support these chain system and referral system. But when it comes to Cryptocurrency MLM system it is better to avoid that system because only people who have the ability to refer the people will make the most money.

You are doing evil when promoting how to make money with MLM, we here have experienced so many projects and we understand the nature of MLM. I recommend that anyone who thinks of making money with MLM should think again, it will only take your time and money. Think about how to make real money.

Me until now not agree with that system. Because that system is like money game for me and it is almost same with Ponzi/HYIP system. And people, maybe a lot of people already suffer because of that system

Although there is already a Multi Level Marketing system using crypto currencies, I have never been interested in that. Multi Level Marketing systems that use FIAT currencies are already very risky especially if you use an unstable crypto currency.

In any MLM program, the first level will always take the biggest benefits from their referral. The deeper the network it will give more benefits to the upper level, but the lower level cannot take any benefits. I have seen their scheme in many MLM programs, and I don't see the last person will get the benefits, but they need to hard work to give more money to their upline.

One word for these, people who don't usually agreed with MLM/HYIP schemes are the one who never even got in at the first place. or the people who are the last and lost money in the programs. I wrote that for people who love to try out or play with MLM, and that's a small little guide for people. I do agree with many people, MLM always lose money in some case but that really depends on some factor. You chose the right one, you got in early and ofcourse reasonable plans.

FYI MLM is a fancy name for a pyramid scheme.    They operate the same.  There are also pyramid scheme definitions that most MLM "plans" follow pretty damned closely.

I have only seen fools lose.  Very few success stories aside from the founders and first adopters...

Yes some people get rich on MLM, but is not good at all and i not like the idea that some people win a lot and a lot of people lose money investing on, there should not be this kind of sites who do this and people should learn to not invest on pyramid scheme.

MLM only benefits the early people who join, and that will hurt the people who join in under them because they can not profit from the investment. I already see and join some of the MLM companies in the past, but none of them can give me a profit, and then I think that every month, I need to spend some money to pay the operational cost. That is why I give up not too long after joining because I can not resist continuing those jobs. I prefer to search for other offline jobs which I can have a chance to make money.