Some are saying bitcoin is the greatest invention since the internet.
Topic: Is MLM ideal for bitcoin? (Read 5449 times)
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 sweats of their downlines, this will only increase the money for the whale.
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.
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 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.
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.
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.
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.
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.
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.
You can just remember Bitconnect, it was on first 20th on the coinmarketcup 
. And than the bubble blowed up.
. And than the bubble blowed up.
I have seen many mlm systems based on fail blockchain and they are very successful.
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 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?
I think it is because most MLM's turn out to be scams and people don't trust them
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.
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?
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?
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.
But as I seen there are only BTC matrixes, BTC adrevshares and faucets which 80% doesn't pay.
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.
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
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 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.
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.
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