Coinmama is a leading Bitcoin exchange that operates across the globe, offering easy gateways in and out of digital assets such as Bitcoin, Ether, and many more. One of Coinmama’s secret powers is its amazing affiliates. Place banners of all possible sizes within our publisher network, expand your customer base and increase profits. Video ads. Case Study: Irish crypto marketing agency “Bitcoin Marketing Team” made a customer flow for their Read. More case studies. Bitcoin MLM Review – How Cryptocurrency Network Marketing Scams Work? 0. Bitcoin valuation growth rates are particularly fecund, with a single Bitcoin having risen from being worth just one US dollar in to a valuation of more than $2, in May of This makes people incredibly eager to invest in cryptocurrency.
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Companies purporting to have a cadre of skilled, talented, and experienced day traders proficient in reading foreign exchange or binary options markets enticed investors to sign up with them by promising them incredible rates of return.
These programs were always supposedly created by masters in the field of artificial intelligence of machine learning, though the identities of these programmers — and of the company running the show — were often either unavailable or outright fabricated.
What these traders don't tell anyone is that they get a finder's fee from these brokers for every new client referred.
Anyone duped into playing along soon notices that the incredibly infallible auto-trader software — or the trade signals picked out by the company's so-called experts — are about as accurate as flipping a coin. With the growing popularity of cryptocurrency, scammers have transitioned from targeting people interested in earning money by playing the Forex or binary options markets to crypto exchanges like Bittrex, Poloniex, or Kraken, all of which have trade volumes in the tens of thousands of Bitcoin.
With the cryptocurrency markets so ripe for growth and already expanding rapidly, savvy investors are keen to jump on the bandwagon. This makes people incredibly eager to invest in cryptocurrency. High yield investment program HYIP schemes prey on this desire. All you have to do, according to these companies, is give them your Bitcoin and sit back and relax as they compound your interest through murky investment activities that never seem to be explained with much clarity or with any evidence.
Of course, these companies also offer a way to maximize your returns. If you recruit a few investors yourself, the company will gladly provide you a commission in the form of a percentage of whatever your recruits invest. Sometimes these recruitment plans can become quite complex, featuring unilevel, binary, or matrix-based compensation programs all designed to encourage constant recruitment by throwing money at the most aggressive recruiters. This recruitment push is, of course, how HYIP schemes operate and how they unravel.
Companies like this don't actually grow the funds you invest with them. They simply amass wealth and use it to pay out on members that joined before you — perhaps even the person who recruited you — to provide the promised rate of return. The whole scheme collapses once the amount of money it needs to pay out to investors becomes more than the amount takes in through recruitment.
Once this happens, the company disappears overnight, leaving everyone with invested funds high and dry — and since these companies are anonymous and deal exclusively in a decentralized, anonymous currency like Bitcoin, it's almost impossible to figure out where the money went.
As mentioned above, Bitcoin is the digital currency to beat right now — it's valued incredibly high, shows no signs of slowing down, and it demonstrates just how successful cryptocurrencies can be.
The barrier for entry to creating your own digital currency is considerably lower than you would think. If you have access to people who understand blockchain database technology, you can have your own blockchain created and mine it for coins without much fuss — the trick is finding people that are willing to believe you when you say these otherwise valueless digital coins are valuable. Individuals or companies looking to make money on their own newly-minted altcoin often create an entire narrative around it, usually consisting of a closed-loop system like a members-only website that's concealed behind a pay wall.
Anyone becoming an affiliate of websites like this opt-in by buying a set number of a proprietary, pre-mined digital currency that isn't listed on any public crypto exchanges and can only be spent within the confines of the closed-loop system.
With the overhead of creating a new blockchain and mining that chain for digital currency being relatively low, the opportunity for profiting by selling these pre-mined altcoins is high — especially if you're the only source.
As long as you provide just enough to your customers to think they're getting something valuable, they'll continue to purchase your coins using currency with real value — currency you get to keep and spend. The end result is the company that created the altcoin generates a large amount of revenue in funds that are actually valuable, whether it be cryptocurrency or fiat money. The reason there are so many scams and schemes out there that focus on getting someone else to do the work for you is that making money from cryptocurrency is difficult and time-consuming.
The world of cryptocurrency is afire with companies looking to dupe unwitting and uneducated marks into believing otherwise, but the truth is is that there's no quick solution. You can't just give someone else money and expect them to grow it for you into millions worth of cryptocoins overnight; neither can you make your fortune through recruiting affiliates into a program that makes impossible promises or collapses once recruitment stalls.
If you're looking to make a legitimate income in the world of digital currencies, you're going to need the proper education and training provided from a legitimate source. Focus on finding educators with a proven, verifiable track record of successful digital currency trades that resulted in profits. Study the market conditions and keep abreast of cryptocurrency news as they come across your feed. Finally, don't ever invest anything in a crypto exchange that you're not prepared to lose.
Set your expectations for modest gains and be sure to cut your losses early and often — while you can take risks, be prepared for the bottom to drop out at any moment.
Are you ready to sign up yet? For more information, feel free to contact us at: affiliates coinmama. Coinmama Nov 11, As people begin to lose faith in fiat money due to lack of faith in their government, many are gravitating towards Bitcoin as a scarce, global currency not controlled by any single government, nation, or political parties. Coinmama Sep 15, Coinmama Aug 26, Sagi Bakshi Aug 23, Steven Hay Apr 2, Will Bitcoin crash? How does the Crypto market compare to traditional markets during this time?
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