Is MLM ideal for bitcoin? - page 3. | Bitcointalksearch.org

pundit

full member

Activity: 868

Merit: 104

Quote from: lixiaolai on April 24, 2013, 09:11:31 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 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.

maxreish

sr. member

Activity: 1330

Merit: 326

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.

Steinway-Bobb

newbie

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Merit: 0

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.

osmo

full member

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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

maianh09

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Quote from: lixiaolai on April 24, 2013, 09:11:31 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 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.

bling-bling

full member

Activity: 364

Merit: 100

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.

jayintop

newbie

Activity: 17

Merit: 0

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.

pungopete468

hero member

Activity: 1470

Merit: 504

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.

bitfocus

member

Activity: 532

Merit: 15

My personal Opinion is, everybody should stay away from MLM (AKA Pyramid Schemes) - almost all of them are scams.

Anarchist

sr. member

Activity: 531

Merit: 258

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.

sinkfish

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Activity: 252

Merit: 1

Quote from: lixiaolai on April 24, 2013, 09:11:31 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.

kucritt

full member

Activity: 616

Merit: 100

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

celot

sr. member

Activity: 1492

Merit: 269

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.

mekie

member

Activity: 308

Merit: 11

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.

ELOCIN

member

Activity: 276

Merit: 10

W12 – Blockchain protocol

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.

Btcmarmipp2

jr. member

Activity: 154

Merit: 1

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.

DJ_Rick

member

Activity: 241

Merit: 10

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

sublime5447

legendary

Activity: 966

Merit: 1000

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 reputation or financial loss.

javainn

full member

Activity: 733

Merit: 100

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.

kirisakidaichi

sr. member

Activity: 446

Merit: 250

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Quote from: Flor1982 on October 20, 2018, 07:59:00 PM

Quote from: lixiaolai on April 24, 2013, 09:11:31 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.

absolutely right it would be better if it was invested in trading or hold bitcoin until it got results. than we have to invest with the lure of a big reward but a scam

Topic: Is MLM ideal for bitcoin? - page 3. (Read 5518 times)